Changing the game of digital real estate — enter MetaCribs.

SCMEDIA & TECHNOLOGIES
2 min readJan 28, 2022

Founded by Ivan Chernyak and Arthur Caravellas, MetaCribs aims to enable users to monetize their digital properties as if they were in the real world.

The way a few industries have been on a constant rise proves how they have grown and developed due to the consistent efforts of a few passionate and driven individuals and professionals. These industries have gained immense momentum and success because of how these individuals spared no effort in bringing about a revolution in their niches. Doing exactly that in the vast and ever-evolving Defi world are two digital entrepreneurs and marketers named Ivan Chernyak (CEO) and Arthur Caravellas (CMO), who co-founded MetaCribs, the coin gaining many headlines recently.

MetaCribs has been created by these driven entrepreneurs with the genuine intent to revolutionize the digital real estate market by giving power back to the people, providing everyone an opportunity to own their dream mansion, while at the same time eliminating the technicalities of the real world market set by governments and banks It is a multiplayer virtual metaverse based on the Ethereum blockchain, enabling users to conveniently and safely exchange digital real estate properties while also allowing them to explore this virtual world. MetaCribs aims to create a decentralized real estate market that is self-sustainable, and isn’t reliant on big banks and mortgage companies. Moreover, the co-founders stated that two types of tokens will control operations in MetaCribs — LAND, an NFT defining the land parcels’ ownership, representing digital properties within the MetaCribs ecosystem, and the second $METAC, a cryptocurrency facilitating LAND purchases, virtual goods, and services used in MetaCribs.

Talking more about the process, they explain that after having a denomination over a plot of land, Web 3 developers can freely innovate and build creative spaces on their pieces of land, such as houses, hotels, apartment complexes, and much more, allowing owners to monetize on their digital assets and providing real-life utility to investors. Choosing to be a part of the Defi world by creating MetaCribs and changing the game in digital real estate was no walk in the park for them, but after realizing how the industry was filled with pump-and-dump scam projects with no utility, they quickly decided to tackle the issue and transform the field by joining the metaverse, and revolutionize virtual real estate by allowing MetaCribs users to monetize their digital properties/investments. To learn more, follow them on Instagram (@meta.cribs).

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