During the introduction, it was said that the Metaverse Group would be the first landlord to use the Renovi platform. This means that customers will have easy access to the most desirable pieces of property in a variety of virtual settings. Metaverse Group, which owns a big amount of valuable virtual land, owns the most land in the Fashion District of Decentraland.
The web app is now offering the service for the first time. The goal is to give smaller brands and companies a more cheap way to improve their online profile in the Metaverse. Most of the time, getting virtual property and ideas requires money, time, and skill. Renovi Hub offers an option that is easy to use and doesn’t take a lot of time or work.
Renovi’s HUB makes it easy for brands to connect with the many people who visit Decentraland, Sandbox, and other Metaverse platforms every month by letting them rent land and designs at a reasonable price. At the moment, Renovi uses its 3D design workshop to make unique activations. After MVP, brands and businesses won’t need to know a lot about 3D to build their own experiences using pre-made models or modules that can be changed. The Renovi community of 3D designers will provide designs in templates.
There are places to rent in Decentraland that range in size from a single piece to a big region. These spaces are spread out across the platform. Users will have access to multiple Metaverse options as the service links to Sandbox and other platforms in the upcoming months. Andy Charalambous, one of the people who started Renovi, said, “We are always looking for ways to make the Metaverse easier to use for brands that may not have the money to buy and build big activations. Because of this, this Shopify-like way to rent is likely to change the game.We think that brands that want to advertise and market their goods or services in the Metaverse through things like video slideshows and virtual events will use this service.
Lorne Sugarman, the CEO of Metaverse Group, said, “Some of the most desirable land in the metaverse is owned by Metaverse Group.” Through Renovi’s product, both companies and individuals can rent this land.
Renovi has previously constructed digital store experiences for various brands such as DKNY, Diageo, General Motors, Lion, Prive Porter, and Charles & Keith for the upcoming 2022 Metaverse Fashion Week, as well as for Mercury Dasha for the 2023 Metaverse Fashion Week. Also, they have made stand-alone activations for brands like Claire Luxton and Intercontinental Hotels.