The Los Angeles-based venture studio and fund invests in the virtual real estate platform.
Los Angeles & Bangalore — April 6, 2021 — Draper Goren Holm, in partnership with Tim Draper, Alon Goren, and Josef Holm, today announces its backing of Ethereum-based virtual real estate platform SuperWorld.
SuperWorld virtual real estate lets you stake a claim on over 64 billion virtual plots of land geographically mapped onto Planet Earth. Each plot of land in SuperWorld is a 100m x 100m polygon (about the size of the Yankee Stadium) that corresponds to real-world space.
The platform uses the ERC-721 standard of tradable assets, meaning that each plot is a non-fungible token (NFT) — characterized by its digital scarcity as a collectible and wholly unique asset to buy, sell, trade, or hold.
When a user buys property in SuperWorld, they acquire a unique and irreplicable piece of the Ethereum blockchain, along with monetization opportunities from digital commerce (NFTs), e-commerce, gaming, and advertising activity on their respective properties.
Why We’re Betting on SuperWorld
Virtual real estate is the foundation of what’s been coined the “metaverse,” a digital realm and shared virtual space where people work, play, learn and socialize.
SuperWorld empowers users to develop and create whatever they want – from augmented reality and 3D animation to text, video, and audio installations – anywhere in the world. Owners of plots become stakeholders on the platform and earn a share of commerce that results from user activity on their plot.
Last month alone, NFTs including thousands of plots of SuperWorld real estate accounted for over $209,000,000.00 USD by volume, and the trend continues apace.
As the NFT economy moves forward and the metaverse evolves, users are spending more time interacting within this new digital space. Draper Goren Holm believes that SuperWorld has tapped into the true potential of the metaverse, and we’re betting on #TeamSuperWorld to lead the way at the vanguard of virtual worlds.
Hrish Lotlikar, Co-Founder & CEO, of SuperWorld said, “We’re honored to partner with Tim Draper, Alon Goren & Josef Holm and the amazing team and portfolio at Draper Goren Holm. We are excited about building the future of augmented reality and creating a better world together with the amazing team at Draper Goren Holm.”
“We’re stoked to welcome SuperWorld to the Draper Goren Holm family. What an amazing product backed by an incredible team,” added Alon Goren, Founding Partner at Draper Goren Holm. “Aside from geeking out on the platform myself, I’m excited to see Super World revolutionize digital real estate!”