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NeoNewYork is a replica of the real New York City in a virtual environment. Users can own and develop real estate using NFTs. The NeoNewYork world is governed by decentralized autonomous organizations, most of which are local and govern specific city blocks. This virtual environment was first made available to users in 2022.
Users can own digital land in NeoNewYork using NFTs. They can then develop that land as developers have done in the real New York City and sell it in the form of office spaces or apartments as NFTs. This allows users to earn Ethereum. Users can view a map of NeoNewYork and mint single plots of land at a time. There are pre-developed buildings that are the size of skyscrapers. Users can buy these buildings and put them on their plots of land.
The currency in NeoNewYork is $APPLE and can be used in both the real world and the metaverse. It can be used in the metaverse to buy land and make other purchases. In the real world, the currency can be used to buy NFT-related e-commerce
