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131 shares, 344 points

South Korean technology giant Samsung has opened its first virtual store in collaboration with Ethereum-based metaverse coin project Decentraland (MANA). The announcement was made on Samsung’s official website last week. Despite the current market correction, the MANA price has been on the rise with the news. Here are the partnership details and price action series…

Samsung opens its virtual store in the world of Decentraland (MANA)

Samsung opens a virtual version of the physical store “Samsung 837X” in Decentraland . The physical store is located in New York City’s Meatpacking District in Manhattan. The Samsung 837X virtual store will be open in the world of Decentraland for a limited time. In statements during the day, Samsung shared that the “837X” is “one of the largest brand land takeovers in Decentraland history.” In the store, it will offer digital adventures through the “Connection Theater and the Sustainability Forest” and a musical kudolsama “In the Customization Phase”.

Events

  • Connectivity Theater, Consumer Electronics Show starting January 5 and running through January 8 (CES) will showcase Samsung’s news.
  • The Sustainability Forest will enable guests to have an epic experience through millions of digital trees.
  • Samsung also plants trees in the real world. It recently partnered with Cardano-based climate restoration platform Veritree to manage the planting of two million trees in Madagascar by the first quarter of this year.

Samsung news raises metaverse coin price by 20%

The cryptocurrency market has been struggling with a series of corrective price movements since December. The latest drop wiped $4,000 from Bitcoin’s price in saadollarser, with the average of the market-wide dips reaching 10%. Prior to the Samsung news, MANA was trading at $2.73. After the announcement, the price rose 20%, bringing its earnings to 2% over the last 24 hours. The Ethereum-based metaverse is trading at $3.21 at the time of writing.


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