TerraZero Technologies Inc. provides one of the first “metaverse mortgages” to a client, financing their virtual real estate purchase in the metaverse


VANCOUVER, BC, January 29, 2022 /PRNewswire/ – TerraZero Technologies Inc. (“TerraZero“or the”Society“), a vertically integrated Metaverse technology company, announces that it has completed one of the first-ever “Metaverse mortgages” with one of its clients on the Ethereum-based Decentraland Metaverse platform (www.decentraland.org TerraZero provided the majority of the financing (loan) to enable the client to purchase their virtual real estate.

The avatar of a TerraZero customer searching for suitable mortgage plots in the snowy Decentraland Metaverse. (CNW Group/TerraZero)

Now, TerraZero is offering this new Metaverse Mortgage service to its customers who intend to fund the acquisition and purchase of virtual real estate (represented as a non-fungible token) using “Metaverse Mortgage Mortgage” of the company guaranteeing each transaction. with the respective underlying NFTs as digital assets.

Dan ReitzikCEO and Founder said:

“TerraZero’s vision is to build and deliver the tools that connect the real world to the metaverse. An entirely new economy is emerging, and we want to empower entrepreneurs and others with similar products and services for the metaverse that give them are available in the real world The availability of mortgages and financing will accelerate the development and adoption of the metaverse, and we are excited to be at the forefront of this exciting new economy.

Prospective customers go online to the TerraZero platform, explore offers and listings (including but not limited to lot size, location, and applicable pre-built building elements), or offer other targeted NFT assets to the company for an individual mortgage transaction and book time with a TerraZero specialist to finalize the brokerage process (including a brief KYC/AML process to verify client eligibility). Once the client has signed the mortgage contract, TerraZero authorizes the client to take out the mortgage on the property, with the NFT land to be held by TerraZero as the registered owner until the loan is repaid according to the agreed terms . At the same time, TerraZero grants the customer “deployment rights” so that the customer can without delay build on their land, organize events, manage digital storefronts, host their internal office, etc. For this service, clients make monthly payments until the mortgage is paid off, after which the Virtual Land (NFT) will be fully transferred to the client.

About TerraZero Technologies Inc.

TerraZero Technologies Inc. (“TerraZero“) was founded by a cryptocurrency and blockchain pioneer Dan Reitzikco-founder and former CEO of DMG Blockchain Solutions Inc., one of North America leading bitcoin miners. TerraZero is a vertically integrated Metaverse development group and a leading Web 3.0 technology company specializing in the Metaverse space. The company’s Metaverse-agnostic vision is to grow, acquire, and fund the Metaverse’s most promising companies, entrepreneurs, and developers, while creating solutions to further improve the usability of the Metaverse for greater community engagement. within the Metaverse, and to connect the real world to the Metaverse. , for creating new economies and user experiences that will shape the future of Web 3.0. TerraZero also owns digital real estate and provides offices and services to people interested in the metaverse. Additionally, TerraZero acquires, designs, builds and operates virtual assets and solutions to monetize the Metaverse ecosystem. The Company’s activities are segmented into five (5) divisions which include: (1) virtual real estate; (2) advertising; (3) data analysis; (4) events and marketing; and (5) infrastructure. TerraZero aims to support the community, foster innovation and drive adoption. For more information, please visit www.terrazero.com or contact [email protected]

Caution Regarding Forward-Looking Information

This press release contains certain statements and information that may constitute forward-looking information or statements within the meaning of applicable securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of the Company’s management regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and expressions or statements that certain actions, events or results “could”, “could”, “should”, “would” or “potentially” or “probably” occur. Such information and statements, referred to herein as “forward-looking statements”, are not historical facts and are made as of the date of this press release, which includes, without limitation, statements regarding discussions of plans, estimates and future forecasts and statements of management’s expectations and intentions regarding, among other things: the Company’s intention to provide mortgages to the Metaverse; that establishing an early presence within the metaverse will provide the company with new users, branding and marketing opportunities; events, plans of action and the potential of the Company’s technology and operations, among others, are all forward-looking information.

Events or circumstances may cause actual results to differ materially from those anticipated due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, including, but without limitation, market and other business, economic and capital market conditions; the ability to manage operating expenses, which could adversely affect the Company’s financial condition; the ability to remain competitive as other, better-funded competitors develop and market competitive products; regulatory uncertainties; access to staff, employees and consultants; market conditions and demand for and prices of products and services; demand for and pricing of cryptocurrencies and NFTs; security threats, including loss/theft of NFTs, cryptocurrencies and other TerraZero assets; TerraZero’s relationships with its customers and business partners; TerraZero’s ability to successfully define, design and launch new products on a timely basis that meet customer needs; the ability to attract, retain and motivate qualified personnel; industry competition; the impact of technological changes on products and the industry; inability to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend claims of third parties for infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and reliance on key personnel. As a result, TerraZero may not achieve its plans, projections or expectations. Further, such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including demand for its products, the ability to successfully develop software , that there will be no regulations or laws that will prevent the Company from carrying on business, expected costs, the ability to obtain sufficient capital to carry out its business plans, the ability to achieve its objectives and the price of cryptocurrencies and NFTs. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

Factors that could cause actual results to differ materially from those in the forward-looking statements include the inability to obtain regulatory approval, the continued availability of capital and financing, technology failures, the inability to obtain permits needed to operate the business, the impact of technological changes on the industry, the impact of COVID-19 or other viruses and diseases on the ability of the business to operate and hire staff , competition, security threats, including stolen NFTs and cryptocurrencies from TerraZero or its customers, consumer sentiment towards TerraZero’s Metaverse products, services and technology generally, exchange rate fluctuations , inability to develop new and innovative products, litigation, increased operating costs, increased labor costs, falling crypto prices. to-currencies and NFTs, the inability of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market, or trading conditions. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, the Company assumes no obligation to comment on expectations or statements made by third parties.

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