Ei.Ventures, along with Orthogonal Thinker, is excited to announce the acquisition of a 12×12 estate in The Sandbox, a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain. This purchase represents the third-largest land sale in the Metaverse and is valued at $2.22M. The land will be called PSLY.COM, the name of the soon-to-be merged company of Ei.Ventures with Mycotopia Therapies.
After only a week on the platform, Ei.Ventures and Orthogonal Thinker CEO David Nikzad was ready to invest in a legacy project for the combined companies’ vision of psychedelic therapy and move into the Metaverse over the next 36 months, noting, “The combination of our tech, cannabis, psychedelics, outer space, and crypto-related holdings will all be utilizing this exciting space. We are very excited to invite all of our portfolio companies and investors to be part of something extraordinary.”
Ei.Ventures now owns 144 pieces of Sandbox land that make up this 12×12 estate. Their neighbors include noted companies like Axie Infinity, SANDBOX, Binance, and many others. PSLY.COM is now right in the middle of these disruptive giants.
While the exact plans for the PSLY.COM Sandbox space are still in development, expect wondrous VR experiences of Hawaii, positive psychedelic trips, healing modalities, and much more.
Nikzad adds, “As I remember my early days as an investor going to Y Combinator, it was about looking at things that were 10B disruptive. Health and Wellness is a trillion-dollar market. As we’ve now gone through COVID and are still in the craziness of it, these technologies will become much more important as communications and how financial transactions are handled is changing,” and ends with thanks to “Blockchain.com, MetaMask, NFTTRADER, and all the individuals and teams, including Ei’s co-founders, that came together to execute this transaction.”
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