Hatten Land lays out plan to pivot from real estate development to digital assets and the metaverse

Hatten Land wants to build a Melaka metaverse, or a digital version of the city that is interoperable with the physical world, to draw visitors who will spend virtually.
Hatten Land wants to build a Melaka metaverse, or a digital version of the city that is interoperable with the physical world, to draw visitors who will spend virtually.PHOTO: ST FILE

SINGAPORE - Battered by a slump in retail and hospitality that has decimated business at its malls and hotels in Melaka, Hatten Land is pivoting from real estate development and seeking new sources of revenue in digital currencies and the metaverse.

While traders seem to be responding positively, the company will have to work harder to convince regulators, creditors and shareholders that its plan can work.

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