Business
GGTOOR Launches GGTOORCITY in TCG.WORLD -- A $102,300,000 Metaverse Deal
GGTOOR Launches GGTOORCITY in TCG.WORLD -- A $102,300,000 Metaverse Deal.
About this update from Ggtoor Inc.
[{"type":"text","content":"\n THOMASVILLE, GA, June 14, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- GGTOOR, Inc. (OTCMKTS:GTOR) (“GGTOOR, Inc.”, “GTOR”, or the “Company”), an emerging leader in the eSports markets, announces GGTOORCITY is located within TCG.WORLD. TCG World is the largest open world blockchain based game where players can earn TCG Coin 2.0, gather NFT collectibles, own virtual real estate, create, explore the game world, control their own online businesses, or just have fun. TCG World introduces an innovative approach to NFTs, making it more than just a piece of art - now players can take their NFTs into the virtual game world and play. Everything a player owns in the Metaverse is an NFT - real estate, vehicles, pets, trophies, and even player avatars. The Company chose TCG World for several reasons but at the top of the list is their commitment and dedication remaining pure to the principals and foundations that define the Crypto, Gaming and NFT communities. Second, unlike two of the more recognized Metaverses, TCG World was built using a gaming format. For example, if you want to own a Lamborghini in Decentraland, all you can do is look at it. If you build a Lambo in TCG World, you can drive it. If you built a golf course in Decentraland, all you can do is look at it; in TCG World you can play the entire course. Third, graphics, graphics, graphics! Need we say more, TCG World brings the most realistic graphics of any Metaverse. The bottom line is the people behind TCG World are good, pure and their commitment to excellence makes TCG World the only logical choice for anyone who believes as GGTOOR does, which is the Metaverse will be a part of all our lives going forward. The Company inked the deal with TCG World on May 31, 2022. The Company purchased a total of 2,145 commercial parcels of virtual land that will combine to make up a total of 4,144 unique properties all located in GGTOORCITY within TCG World. The purchase totalled $102,300,000 and is believed to be the largest purchase of virtual land in Metaverse history. The Company acquired the parcels by issuing its blank check preferred stock, one share for every parcel purchased. The Company has the right to redeem its preferred stock at the time of sale. In addition to the blank check preferred the Company will be issuing 15,000,000 sha...