Metaverse Real Estate Boom: Why Investors Are Buying Virtual Land | WSJ
ฝัง
- เผยแพร่เมื่อ 15 มิ.ย. 2024
- New Dek: Metaverse real-estate sales are booming as investors spend millions on virtual land. Investment companies like Republic Realm are betting on strategic locations in these virtual worlds in order to develop the digital land into places like private villas and malls for online retailers. But what are some of the risks of investing in online real estate?
WSJ spoke with companies investing in digital real estate to understand the economic model and why investors are spending millions on virtual property.
0:00 Digital real estate
1:06 Land in the metaverse
2:30 Location
4:31 Republic Realm’s developments
5:28 Risks for investing
#Metaverse #Tech #WSJ
Wait till they find out server space is virtually unlimited.
Then they artificially limit space to create scarcity
Not unlimited, even BF 2042 server cant hold more than 100 player simultaneously
We also got moon , Mars e.t.c . So our land in real life is also nearly infinite.
In theory yes, but physical server capacity is still finite. It depends how much server capacity and performance capability they can invest, also bandwidth for people to connect into.
But unlike the physical world. It is far easier to build, modify and move things virtually. So the value could be far lower than physically. And likely there will be so many competition and very volatile, so financial security isn't always stable.
@@casualtake1497 that game is much more taxing
People are out their minds, the reason actually land in the real world has had an increase of price over time is due to it being finite and on the other hand you’ve got a digital online space where you can create as much virtual space as imaginable
It's gonna collapse into glorified advertisement space, people will buy spots for days, then hours then minutes and it will become unusable. When a fully fledged metaverse comes along, it will be through platforms like cyber or spatial, having a home space will be free like email addresses are free today.
Eman, agreed. The main drive for the metaverse is the fact that there is so much stupid money out there and people are willing to throw it at anything that is tech related. Even when it’s pretend property. It’s dumb money spent, but if you get enough dumb money to be thrown at anything. It’ll eventually be worth something.
Population control....CONTROL..
Humanity is screwed
Skip to 2:10 they’re limiting property
This is so sad. How about we invest all this money into actually bettering our planet. Maybe then we won’t have to escape somewhere else… this is after all escapism.
The Human race is very close to total destruction
We should come together and do something about capitalism and government policies doing nothing to make better lives.
@Kuldeep D innovation has better things too. Innovation to create robots that cater to hospitals in diagnostics, testing, prescription and treatment will make recovery of patients faster and would not be affected by pandemics or fatigue. This is just one such idea which no one seems to be very interested and spending their time on. So I don’t agree with you that it’s too late.
The real world sucks
@@13conker13 should we do nothing then?
My question is: what's stopping me from making my own meta server where I can program in as much or little land as I want, where I want, and when I want? And, why does the location of the land matter when you're able to teleport/fast travel your avatar wherever you want?
This whole thing seems ridiculous. Does anyone actually want to live in the metaverse 🤣
Exactly my thoughts.
Yea.. like who's going to be spending HOURS at a time in this "world".
If it’s fun, Ill spend hours . I spend 6+ hours on video games on weekdays. But ya, if it’s boring, and just a real life simulator, then I won’t play much.
nothing is stopping you, go make your own meta server and try and sell your metaverse. see how easy it is
@@youngastro2763 I wouldn't want to sell it. I'm just saying, why would I play by the rules in other meta servers when I can make my own? I already run 2 servers for online games that me and my friends play on, I can't imagine that it's much more difficult to run a meta server.
"interact in a way that feels much more human, much more normal" - Ever tried living in the real world?
Why do the developers keep designing cityscapes and plain buildings? You could create something fantastic in this metaverse space, but here we built a plain looking mall... but it has flashing NFT looking pics on the walls. So exciting!/s
They are talking about digital communication. I would argue that it will feel more human to communicate in a 3d space with avatars than on WhatsApp. Don't people get what they mean haha. Put it into context
@@Extazid you’re missing the point, they want you to work, game, socialize on here. What happened to not standing to close to a tv or watching too long bc it can damage our eyes? Yet ppl want to do all of their everyday tasks plugged into a screen bc “it’s looks cooler than WhatsApp”. Bro it’s literally unhealthy and can hurt you physically. It’s too extreme and should be toned down IMO. For example they can be like zoom meeting with filters but not live my whole life in a filter. That’s dystopian
Funny that she's saying that as they show a clip of a person miming in the air with a VR headset while sitting next to another person. Very normal human interaction indeed.
if they tried to do the metaverse the opposite of real life then maybe it will be worth trying
“The supply is limited”, “For diversification we have bought land in 43 virtual worlds.” Does anyone see the irony in this?
pessimistic people sound more intelligent, possitive people make more money
@@p333nt4gr4m Yeah, if your in the lucky 1%. You're essentially gambling. Everyone who buys these digital land has the intention of making money. That's not going to happen though because they have to find someone to buy it for more with the intention of selling it for more. Which effectively makes it a pyramid scheme. That is, unless you get lucky and the platform you purchased digital land in takes off. But their is what, like 10 or 15 companies doing this?
Yea that’s why I never hop onto the nft metaverse hype
That's because out of the 43 virtual worlds, probably 4 would survive the bubble.
@@myflipnotes Pyramid scheme? do you even understand what you are saying?
“This is to help brands attract people, that are young gamers into crypto.”
As a young gamer. I’d respect virtual reality as virtual, and not sell out myself into bytes of data.
Lets just hope other young person are not into this madness cuz they re parent are cringe nft "investor"
Period
@@Sunzen44 yeah. I hope so too.
It's not a game you are deceived it's to lockdown your humanity
Amen, brother
Success usually comes to those who are too busy looking for it.
I agree with you on this
A great work demands a great sacrifice and who is not capable of a great sacrifice is not capable of a great work
On the topic of investment, I have been finding it hard deciding what to invest on between mutual funds, real estate, and crypto investment, anyone with ideas to help me with?
@@benildabituin1531 I'm into real estate investing.
Real estate lets people grow their net worth by amassing more and more properties. Its a good long term investment idea due to appreciation
At the end
She says “they’re gonna wanna meet their friends in a much more human way”
Why not just actually meet them? lol
Well what if they can't walk and stuff
👏
@@korchansan that literally makes no sense because you can still meet someone in person….
@@korchansan video call ?
@@neverpayingtaxes that's what the metaverse is. Lol
THEY ARE LITERALLY CREATING SCARCITY TO UP THE PROFIT MARGIN......
Supply vs demand. They are limiting the supply like linking it to block chains so they can't create more land and because of this the demand is higher than if the game had infinite area. I mean Minecraft has infinite area and the graphics look better, and it even looks like there's more to do. Idk why someone would play metaverse when there's so many better options out there. And if it does become popular some other AAA developer will come in and make a better game to steal the market. Just my 2 cents
It’s literally the central banking system
Talk about WSJ promoting metaverse 6 videos in a month 😂
Paying real money for virtual property ?
Well played Mark !!!
Think Bitcoin.
@@Baggers_Corner that too we need to purchase with our money only none offers for you free!
He should take visual money for this lol
I believe that, eventually, when everyone is used to it and the tech has evolved, all experiences in there will be paid and people will actually pay crypto for it :/
The fact that people took their greedy philosophy, and insatiable need for private property to the fake online world, *speaks volumes.*
Exactly!!
Maybe)) this our real world also unreal. this is unreal into (un)real))
@@dan.gorbunov No. it’s real. And you’re an organism.
@@aubreyjames8795 super!!
@@aubreyjames8795 many people think about god like a real person. When we will create new reality, we can’t understand previous ...
This is disgusting. They want to create an artificial scarcity to make value for themselves while restricting the spatial freedom of the individual. It’s all about power and control. The corporate metaverse is the opposite of what virtual reality is supposed to be
I think...that no one with a real life even cares about this...
Umm they don't force you to buy them? Its just a game cosmetic no one is holding a gun point at your head
Yet here u are on TH-cam
@@Slithermotion doesn't change the fact that it makes the virtual experience more limiting.
I was about to say that
Imagine stealing people's money just because they don't know what's really going on
One of oldest trick in the book
We don't have to imagine. We're here.
@@paulthomas8884 does that mean we still get to kill each other, like we did back then?! Wait.... . . .
I'm glad I have a BS meter
I made 1000% profit from metaverse investments :)
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That’s true
I agree with you
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This is correct, as long as making money is the most important thing for any project,
The only thing that requires money for virtual space should be a server.
There's nothing keeping you from creating virtual space. The expense is in designing, fabricating, and establishing the environment to attract customers. Merchants are better off to rent a store in the Meta walk through shopping district than a farm stand on the backroads of the information highway.
@@drivebyquipper wdym? to make that space, you need an actual server.
@@miles5600 That's not the point-you still have to develop the property and it takes much more than a server to turn swamp land into shopping malls. Lol
Lol, right.
@@drivebyquipper it does not. By the time we’ll be able to even have the graphics for such an environment, we’ll have way more advanced servers. You do not need more than a server now a days, game engines can generate environments never imagined 10 years ago without dev input.
Metaverse is supposed to be a free world for players.
This is turning out to be like the movie Ready Player One.
Yep!
But the bad version where IOI takes over and just makes everything pay to play and filled with adds
@@DrWarBear 😂😂😂
There's no such thing as a free world, EVERYTHING HAS A COST, if you think a free world exists, that's fantasy land my friend.
It’s monopoly Pay up your on my land LOL
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Here's my thing... how much time would someone have to spend in this to actually make it worth buying? It seems like a front for embezzlement.
And to make it worth selling later or profiting from rent?
Ok someone tell me why they are dropping millions on a "game" that doesn't even look better than minecraft? I have yet to understand why everyone thinks metaverse is the future when even the character models look amateur and a straight rip off from roblox. At least make the "game" look amazing before you try new financial scams on the platform
Exactly. Does anyone remember Second Life from the 90s? This looks exactly the same as that hot mess.
@@twokool4skool129 I agree re SL when it first came out. (Definitely improved over the years) SL real estate had a "boom" then bust.
Those in first made money but over time the virtual land devalued. As I type this out ... the biggest difference here (vs SL) is value of the crypto assets being exchanged.
Will be interesting to see how this unfolds.
Agreed..I’ve seen better roblox graphics than the decentraland. So it’s basically full of mega rich ? I saw a club pass the other day for 14k one ticket ..one event .. who’s buying into this???
Ok..go and check star atlas..
Make Money
Nope. This is based on artificial scarcity, the point of the 'metaverse' is to free us from physical constraints of the type that makes particular geographical locations or adjacency valuable. Only someone who fails to grasp this would bother 'investing' in this. Like with any bubble based on a consensus about value you might be able to make money from it for a while but eventually it will be revealed to have no intrinsic value.
Very true!
@MARSYA💦⤵️ you bots planing to buy any?
I guess we're in a scarcity bubble.
cryptocurrency, NFTs, metaverse real estate . . . all derive value from artificial scarcity.
The main product here is metaverse and not the stuff within. They can see that people aren’t too interested in putting their money on headsets and spending time there. So, entice them with the riches.
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We really need to start supporting free software a lot more before it’s too late and greedy corporations like Meta control every digital aspect of our lives.
let's continue to crack these paid software to push them to be a free software
any free softwares you know?
This is all kinds of sinister. I almost miss the days when I was ignorant enough to be excited by this.
God bless you
It's the Beast system
I'm stilling excited for what this might be some day, years from now
@@tollevkvendbo
It means you as a battery with goggles on your face...like the matrix
It’s not so much the fact they are doing this, but the fact they are so souless and uncreative
I just worry about kids being addicted to this artificial augmented reality more than nature & family time. 😢
@Ayaan K lol or it’s a very valid concern. Go for a walk outside honey.
Shut up boomer and invest in shibu
@@Yasinburak1992 le cringe
That already happened with mobile phones.
@Ayaan K shut up boomer nature is amazing, especially once you buy a cabin with mountain view with crypto profits
I should've sold all my stocks when this video came out.
I hope this whole metaverse thing crashes beyond repair with a virus or something, and all money invested becomes completely wasted. Stuff like this brings the downfall of humanity so much closer.
I agree. Just makes the richest richer and everyone else more brainwashed.
i mean were just literally like a couple of steps before chaos happens but i agree
It's not going to take off. If you combine all of the people with migraines (quite a lot), epilespy, cataracts, bifocal, glaucoma, vertigo, cluster headaches, etc., I bet this ends up alienating a quarter of the population. And the fact that you might spend $4 or something on a digital sneaker is entirely offensive to the developing world that doesn't earn that in a single day.
This is a concept from out of touch tech bros who don't live in reality and don't know people outside their condo gym.
Sadly, you need real money to pay for a real room which is supplied by the electricity before you can party in your virtual mansion
"Where they can interact in a way that feels much more human, and much more normal"
Yes, because never going outside again, living with a device on your face, and never having real human contact is all NORMAL.
Pay attention to the people and corporations that are investing in this joke of an idea and cross-check that against the companies that you are personally invested in. When their naivety at investing in such a worthless venture is exposed, the whip crack of reality is going to be harsh and the market correction will be brutal.
As much as I'd like to agree with you, I've seen this from afar. The whole video game industry was leading to this. 10 years to come, you'll be surprised.
I'm not an investor in the VR world but it's far from being a worthless venture. 10 years down the line you'll see how you lacked vision, my friend.
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As a kid we are told don't sit close to the TV and now we are sticking it to our faces.
Looking for this comment! I had eyestrain due to being on my computer all day. What more with VR devices.
yeah and the fact they will expect you to wear it on your face for a long time
I love how this screams the Investor class has absolutely zero perception of quality, as long as they can sell a tall tale that makes them a new type of money they'll lie in order to sell it.
It's so so tasteless. It's just people addicted to making money for it's own sake with cardboard instead of value.
I think it shows just how out of touch people are with reality and real world needs. It is entertainment, and possibly advertisement….or for use as a more entertaining way for service providers to communicate to customers…but it cannot supply basic physical human needs. I hope people understand where to draw a line rather than dreaming for the day they can pack up and move permanently to their perfect digital city.
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In the original concept of the metaverse - in Snow Crash, the whole land was owner by a single organisation. The author saw this coming since 1992. I hate how greed destroys some really cool concepts
But that'll be the ultimate destiny of the metaverse, owned by a world government. Not a fun thing when it happens tho.
This is basically a new iteration of the
Pyramid Scheme...none of these videogame real estate assets would have any value if the scheme doesnt put on a show to recruit new investors to prop up and legitimize the values...
This proves well that creating existential problems is a mindset, not because of scarcity or finite resources.
Thanos: Perfectly balanced… “as all things should be.”
well, it depends on the amount of servers unless it is hosted by users, and I don't think that's a mindset really, I think they just want to make as much money as possible
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@@vish3754 Yes, not to mention their deal with DARPA. Can’t imagine what anyone would want with all that “control” over everyone’s individual mind or identity. Willing slaves. Why would any sane person want to control the world? Oh, but yes, yes...THEY do. And who does that remind you of but the Devil himself and the Anti-Christ and system of “The Beast” spoken of in prophecy in the Bible?
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So basically someone paid 2.5 million for a plot of land on an advanced Minecraft server?
Just another greater fool scheme similar to modern art and NFT sales.
Doubtful. If you dig into it, they probably either did not pay that amount or they paid that amount to.... themselves. That's how most of this financial scams claim popularity and legitimacy.
STONKS!
@@ryanhimmelblau534 underrated
When you feel stupid, remember there are people buying "real estate" in a virtual reality...
Y’know people said the same thing when the internet first came out. “Why shop online when you can just walk down to the store?”
@@dominiquebillinger6413 I understand what you're saying, it's hard for us to see all the potential this has right now, but somehow it feels different. When you shop online you get the physical product delivered to your home, or maybe a digital book on your Kindle. A virtual "piece of land", not so much. I don't know, I'm too old for this.
@@dominiquebillinger6413 Why do y'all just focus on success stories? 😄 Back in 2016, Rollerboards (electric scooters) were so popular and transformative most people thought they were the future. Where are they now? Some things actually end up failing.
@@tropicalverktaki You're probably just too old to understand and then soon you won't be owning stuff, only buying/renting stuff. Blockchain is the only way to go against the idea of "You will have nothing and be happy.".
@@nushia7192 I wouldn't mind renting an apartment instead of owning one, depending on the case you can have all your money invested and live off of dividends instead of owning real estate. My issue is paying millions to have a virtual "piece of land", can't get my head around that.
According to the owner of the company I work for, this single quarter has been more profitable than the last 6 combined, all thanks to "inflation." Which is to say, he heard there was inflation and jacked our prices by 25%, then blamed inflation. I have to assume this is not uncommon.
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Don't worry guys, we know they're trying to monopolize this. Remember there will always be a group of people to make things on the internet free and open source. So what if two or three worlds are monopolised , as long there's just one that's open world , unlimited and free that's more than enough for all of us.
That's what I'm thinking. What's stopping me from running my own meta server where I can do whatever I want for myself and other people I invite to it with no restrictions, DRM, copyright protection, block chain, etc. ?
Making servers now isn't that difficult, and there's companies you can pay to run an always up server for you. I guarantee there will be similar companies in the metaverse.
**cough** **Cough** minecraft **cough** **cough**
Seriously though, is it not the whole point of the metavverse to give people a chance to congregate? Minecraft can do the same thing, AND you get infinite space!
Pirates lead the way!
VR chat
It's already 3000 Bitcoin style cryptocurrencys 😂
The Metaverse is definitely here to stay. We can´t even grasp what will be possible in the near future.
We´re building Casinos in diffferent Metaverses right now (Sandbox and Decentraland), purchased virtual land (worth over 300K USD) and have a team of builders designing a "Las-Vegas" Style Casino.
By holding an NFT our community can take part in the financing (and will also get 50% profit-share)
We´re excited for the future and hope to welcome you soon in one of our estates.
up next for year
We are going to be the next best thing... Our casino will look sharp and our community is pumped!!!!
So excited 🚀 can't wait to play some poker and blackjack with VR's🚀🤯
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SVCC is always my favourite nft! She will bring me the incredible passive income!
Its all boils down to one thing: Psychology. Entertainment is going to be the biggest industry in future because people just like to be entertained by nature. And the longer you do it, you get addicted to it. We've been evolving from simplest calls and texts, to live streaming and social media and trust me you, people will embrace Metaverse. Remember, the dopamine and other chemical reactions that happens when we interact with physical things is the same when interacting with a virtual world. And that is why Metaverse and VR is the future.
Now I can finally achieve my dream of struggling to pay my virtual rent too
This reporting segment lacked a lot of fundamentals.... 1) Land in the real world is finite, digital "land" can be infinitely reproducible 2) Virtual meeting with people is not much more "human" (ie. can create anonymous avatars) 3) Metaverse is just an online social video game
The whole reason cryptocurrency took off is due to the fundamental principles of Blockchain technology. Everyday people want to protect their financial position from inflation, corruption from governments and financial institutions, find ways to avoid unfair fees on remittances and from market brokers, and just trade a currency (crypto) not controlled by any entity but amongst humanity... it was about solving the Trust problem ... p.s. US fiat money even engraved "In God we Trust" on their paper money...
I'm surprised at the fact that u did your homework on blockchain but not on what an NFT is.
protect your financial position from inflation by buying sthing that can change up or down even 1000% overnight for no reason? I dont think thats riight
@@oraclejoe3471 Thanks for sharing and contributing to this discussion.
I ask Why would you be surprised? Everyone should do their research and due diligence before making any investment, regardless of asset/ liabilities.
NFT (Non-Fungible Token) have an inherent flaw since digital asset can be replicated as many times as possible, just copy and paste or print screen. Even then, our current laws have not been extended to recognize digital asset on any blockchain, thus devoid of any protection from theft, counterfeit, etc...
@@truongngo4786 You are absolutely correct, there is price volatility. But when you have volatility, then you have increase market participation. That means more people are moving money in this asset class. We might be in the early stages of blockchain technology industry, but this is just to point out the potential. Everything in the crypto-market is overvalued.
@@dool1002 Two things you should know.....
1. If u think NFTs are limited to just images of monkeys on the profile pics then you need to do more of that DYOR.
2. An asset will only tank in value if people are able to sell the said copy pasted assets somewhere else and saturate the market with lower prices. Blockchain essentially prevents that. Not saying NFTs are not overvalued but just pointing out that 'print screen' does not replicate the asset on the blockchain.
Sorry is this not just “Second Life” that I just played as a kid? It was a great concept and interesting world but still… you can always create more hubs with land.
yep but they can't make money off second life so they are trying this now, a fool and his money are soon parted
I can't believe a grown man is talking seriously about living inside a simulated cartoon, other then it makes him a living in the real world by getting people excited about animated cartoon, and he is profiting from that
00:30 Shops you can go into and buy things? Woooooooow. I think I could do that in 1987 in the original Legend of Zelda.
My goodness… so ridiculous. Can’t believe people fall into these traps. We all fall, but come on man🤦♂️
Not really, it is a ‘experience’ you pay for.. Imagine a friend/parent who is 1000 miles away. You can meet them sitting next to you digitally. Imagine you want to visit mount Everest but you can’t walk up all the way.. you can experience the nature digitally. Imagine you want to purchase grocery/car/cloth for that reason any item, you can purchase everything right from your house but looking at every digital store.
While the digital experience is not the same as real experience, many people may like it since we all loved playing video games experience even though there is a real world out there.
Meta is overhyped right now, but it comes with benefits too.. it’s basically the ‘experience’
@@toysforfun9066 well think about it, is it really fun walking up mt. Everest without smell, touch a DN stuff plus graphics prob won’t go so close enough to real life
@@toysforfun9066 well I can play vr chat for free
@@toysforfun9066 boi there are free/cheaper games than the metaverse, u saying like u never played games to hangout with friends/maybe family
Except new york is a small land parcel that filled quickly, the metaverse can just keep creating more land for as long as people want to keep buying it.
Except just like New York you cant keep building out into the water or make more land. The Mint contracts for these are closed and burned unable to be reopened to ever make more on the contract. So why don't we all live in a big city like New York or LA, well because there is a demand for it driving the price up same concept here.
@@Untieabl That's when you just mint a new contract for Virtual NY 2, which is 10X the size, with hooker and blow.
@@Untieabl can’t you teleport in that games? So a house in the boondocks and in the suburbs is the same
@@a-10wartaboo77 there are a limited amount of hub portals but yes, some do exist and If you own a plot you can put a portal to another parcel If they allow it. Same concept of 20 diffrent grocery stores exist in your town but you frequent a select few for whatever reason.
@@Untieabl But even the limited number of hub portals is restricted by choice on the developers. The general point remains that while there is some theoretical scarcity within the Metaverse, it's nowhere near the real world implications that drive up the price of land. Physical distance doesn't have the same meaning.
Yes I do think there will be a Shopify of the metaverse who provides you with a startup basic store that you can host your products and meet people in a shopping mall. All this in a virtual landscape but I don't think people are going to overpay when these platforms can be duplicated replicate it and create it until the demand is met. Don't get caught up in the hype.
Space in the metaverse is for apps. I believe that the space will be valued based on the quality of the apps and games hosted within that space, not literal area. It's the valuation of those apps( or companies) within the metaverse land. The area used maybe just for representation. And ofcourse your value depends on your friends and neighbors too.
When you say valuation based on quality, what would be the quality criteria in your view? I see it as them being charged based on how much data heavy the app is, which is directly connected to data storage space, based on the app's complexity in graphic detail and app capabilities, for example. I also foresee negotiations taking place for app developers with a positive history in the metaverse (high traffic, high ratings, real world brand partnerships, etc)
Few observations/ questions:
- If it's a made up digital land, why doesn't every parcel have a great location? It seems stupid to mimic the same location/ geographical issues in the metaverse!
- If the companies are going for downtowns in the digital world, isn't it the opposite of 'decentralized' as a keyword they are going for?
- there isn't a 'land rush' because you can opt out of the platform that's selling the digital real estate and not buy it. Compare it to the real world where you can't opt out. In the real world, it is a definite finite resource and if you choose to not buy a piece of real estate, you can't 'code' it up.
Not against it, but this just looks silly!
- by mimicking the real world we can make people feel at home or at least feel some level of comfort and familarity
-of course not why would they limit themselves
-by making the fake land seem limited and can run out you would rather want some of it due to fomo even though this isn't important think of people buying the latest phone no point but they still do every year or 2.
as long as people will through money at the companies to get this land rented or anything else these companies will do what they know best buy buy buy.
marketing vocabulary that is intended* to increase interest and awareness. It’s why we clicked into this video, the terms used sparked our interest.
this is not hte metaverse, the metaverse is infinite. This is facebook trying to pretend to be the metaverse. Imagine it as if Facebook renamed themselves "the internet".
Buying land in a made up place interesting
Imagine Kim Kardashian building her villa in Metaverse. All of her fans would love to "go" there and watch how it is designed, what she has in her wardrobe, what she eats for the supper that evening. During this walk they would see gazilions of product placements.
Imagine a rich Sheikh who builds own harem there (I mean for example some sexy belly dancers who perform only there). And invites his rich friends for a chat there.
Imagine any famous influenser who invites his fans to his private island in Metaverse and for example shares some special news there (e.g. reveals the gender of the child or some gossips, or some extra special whatever BS) - won't thousands of their silly fans pay 10$ to get there and be faster than others to get the hype gossip?!
Imagine spending millions to buy a virtual piece of land with graphics from 2001.
I was thinking the exact same thing. My plot of land is going to look very outdated in a few years.
And then 2-3 years later the game tanks and no one cares anymore
So it’s basically creating virtual shopping centres, and new ways of getting people immersed in to e-commerce under the guise of some magical land where you can socialise with your friends.
I read the comments, see skepticism and now I'm convinced that we are at the dawn of a massive opportunity and shift in innovation.
What stops other “Metaverse” being made. Crypto Marvel Multiverses. Why would people be stuck in the one place if it can be replicated and people move to another. Like how people jumped in early social media. People moved from Friendster to MySpace then to Facebook and so on. The same happened with online gaming. Ultimate online, RuneScape, World of War Craft. People will get bored. It will stop being the cool place to be over time. What is the draw card to lock people in?
Constant hyping to get to critical mass
Just like google and youtube being the king of search engine and entertainment portal, by being the biggest and most advanced ones
The fact that you invest thousands of dollars into a game you aren't just gonna wanna delete it lol
@@Utoo4200 yeah but what makes other people want to get on board? It’s a digital gold rush. The people who bought in won’t but what about the general population who don’t see value in it? Beanie Babies anyone? Even Dutch Tulips?
Real estate costs a lot in San Francisco. Not so much in Siberia. Why don't people just get bored of San Francisco and leave? point is people want to all be where others are.
The Metaverse is nothing new... Virtual land is a gimic. The new Metaverse will allow seamless transition between different virtual worlds run by separate companies. The only thing of value is art and entertainment
Yeah that's the real Metaverse.
What? 2.9 million for a tweet?
Why you need transition between different companies...hmm... maybe only into some game platform but real metaverse already has games inside it...aaaa.... so that you can go and shop with avatar those virtual goods from companies who made it and brand them....despite how poor they look but only bc they have logo on them? It is hard to maintain good quality in products if avis will wander from world to world what are owned by different comapnies so quality should be low to at leas be able to keep that product visible......why would anybody do this kind stupid thing? It even isnt troll level fun. I prefer good designed enviroment with high quality graphics and high quality items what i can wear or use. Just now my eyes bleed if i look what they have made in meta and i bet they have used professional creators.... and it is still so bad.
they are anticipating that all rich people will own land, and the poor will rent and only "enjoy" things in the metaverse lol
The risk of buying into a particular platform would be if the platform becomes unsuccessful. They could just pull the plug and its gone. However, the use of a land tax should bring in enough revenue to keep it going.
Bro, are you kidding me? Trying to make people pay taxes in a virtual world? People already live in the financial prisons of real life, you want people to live the same way in a fake world? That's some serious love of money right there.
Thank you for this! It is now clear to me, and I am now really excited for Gemie to launch! This is what this project is all about!
like what I saw on their tweet, create, play, earn, govern and sell.
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This is such a scam- if you want "real estate" you need a solid player base. The only reason to play this game is to buy/sell land, so why wouldn't I just play a real game/verse that actually provides something else.
How are boomers/"journalists" falling for this. I'm so glad I have common sense.
How is this different from Second LIfe and Linden Dollars? How will it end any differently?
There is difference - adds what follow you everywhere and bots collecting your data for sale.
I'm not even sure why anything still surprises me these days.
Back when I was in a highschool, people who played pokemon were seen as nerds. All of a sudden summer of 2016 rolls around, and literally MILLIONS of people are running around in real life playing Pokemon Go. At least, us nerds went to bed at night when we played, but people were literally running around at every hour of the day trying to catch virtual pokemons.
Also in highschool, I used to play a game called runsecape, where you could even build your own house in the game, and train all kinds of skills and go on quests, and play side games, etc, etc; Some of the hardcore gamers even used real currency to buy in-game currency. Back then of course only the "NERDS" played those games, NOW we have the metaverse, and people are literally paying upwards of hundreds of millions of REAL LIFE currency to purchase virtual land, and they talk about running out of space.
The lesson to learn here is, ignore people who try to bring you down because of your little niche. One day they will be the ones scrambling to get what you already had and had moved on from!
WHILE YOU SELL YOUR PIECE OF LAND TO BUY DIGITAL LAND THEY ARE BUYING PHYSICAL LAND
I always wondered how call scammers still exist, after watching this, I don’t question anything anymore.
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The guy at the end grabbing at the air definitely looked "normal" to me 👌😂
We had poets in the past who wrote us to inspire us about future.
"see the world in a grain of sand.."
this was like the digital possibility we had about space and time.
.. being Digital is freedom... atleast to dream without credit 💳 ... 🌎
For the sake of humanity
I wish this meta verse never go mainstream
why would that remotely be a bad thing?
at zuly
@z
The value of a property is mostly determined by its location, supply demand balance and to some degree availability of water resources. The value is enhanced by other intangible factors as view, beauty and perceived growth prospects. I would never buy land in any metaverse, for supply and demand is controlled by an outside entity and hence they reap most the benefits. Metaverse theoretically allows a user to instantly teleport from one location to another, so I may have a residence in a virtual Andean village, but will be able to be present with my colleagues in the virtual meeting room at metaverse NY. So value of location shouldnt matter. And theoretical metaverse land resource is virtually unlimited, hence supply and demand doesnt matter (only to be artificially constrained by Facebook or Microsoft). The land can be constructed with any view as one likes, again constrained for profit by Facebook or Microsoft.
The only way this would be a good investment is if the government gets involved. If they grant monopolies to certain metaverses then the supply could be limited.
For all we know they would create parallel worlds and sell same land multiple times. 😂
not to mention location no longer matter, once i have the building and landscape designed, i can just rebuild it at some other cheaper world or land with few click without worry about labor, materials, regulation...etc.
Yes you are right. I use Second Life and all this is possible there. only limit is your creativity, will and patience. Talk about location determines virtual lands value is big BS in general but gives us hints how meta plans build up their land. It will be predesigned and changes are limited or none. And if location is important then that means teleportation will be limited too...not all people can go everywhere, there will be limitations and rules. So.... who really wants be in that kind world when there are better options what are free or nearly free?
@@gatodelluvia4735 exactly! Its just going to blow up in people's faces come 2030-40 When like ar or something takes everyone's attention
Explained the housing crisis perfectly. Cities like tax money, so "They would be catalyzing the value of their own holding that they continue to emit more of them"
I think it would be really interesting if Metaverse became the virtual connection to the real world. Essentially, you could visit the actual store virtually, and buy products that ship to your location. Have services provided to you on a real time basis, with a 3D world of 4k - 8k. Video conferencing in your avatars. Playgrounds, gaming grounds, cryptocurrency etc etc, the future is most likely very virtual and I'm actually excited for it. It will probably take over 10 years though as just like the optimists thought the driverless car would be here, it is not after a decade.
How about we sit in our basements blindfolded to the real world and handicapped for the rest of our existence? 🙄 Oh, wait, that’s the same thing.
4k-8k graphics 😅😅😅 Did you ever saw Shitbook VR graphics? They can't reach 320p 🤣🤣🤣🤣
A virtual playground???? It may be all that we have left after children’s real world muscles have atrophied from lack of physical world exercise. But the avatar will appear physically fit I suppose.
I'm sure companies will start doing that especially when drones start delivering 1-day deliveries. What I'd like is for me to have an avatar that truly reflects my body and face, and then try on clothes in VR that will fit me in that exact way in real life, then purchase it in VR and get it shipped to me in real life. Video conferencing in avatars already exist. Entire office spaces for meetings, presentations, co-working environments etc
I still don’t get how buying and selling things in/from the meta verse affects the *actual* physical world
Don’t be short-sighted. Land is a NFT that will have utility in the real world. Tehnology is still young but the future is this and web 3.0.
@@AR-ps6xo what kind of utility besides getting money from it?
@@AR-ps6xo Always the same nonsensical tech brabble with a bunch of buzzwords from you tech bros.
@@Horus4302 Don't you worry your pretty little head Benji. Let us the tech bros earn the big stacks. You can sit where you are right now. Peace bro
Right I’m lost too😂
This metaverse real estate thing will never work out as long as there isn't one unified metaverse world, and something in the unified metaverse world that provides a unique service unobtainable in the real world.
And THAT'S THE POINT: eventually, forced lockdowns along with imposed carbon footprint punishments/rewards via cryptocurrencies that make a more realistic MetaVerse with more paid gateways insanely profitable to the owners/creators.
It’s literally the matrix lol. It’s not reality but we’re living in it like it is
The ycant monopolize whole internet :D :D there already are metaverses what are free to use. People will go there and they already started to do it. Example : Second Life has big grows of users, many return and many are young people who come look and very often stay.
5000 what?...unicorn oil barrels full of rainbow power? Where can u spend crypto? 99.999% of real world establishments don't honor it.
Your som should live real life and not Fake virtual one
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The only imagination i have right now for this is for me to attend a virtual concert where the artists are customizable, we can choose which era we want (sorry, old bands fan here), the look of the artists will be exactly like the way they used to be (maybe using unreal engine?) but other factors like the vibe of the crowd, audio has to be totally immersive.. other than that, im not into it..
So embarrassing to watch well-dressed eloquent adults act like this is in any way responsible investing.
@Hunter Vonnegut Judging by who people were willing to replace him with I do believe you're being sincere.
All this does is further prove why you should actually invest into real real estate, real land, real businesses, etc. This is insane and you're betting on people strapping in their VR goggles to live out their lives.
Let the crazies live in their virtual fantasy worlds, just put them in a storage box with some computers and strap their VR goggles. That leaves us with more real land to ourselves.
@@lettuce1305 yes
VR is an escape from real life or experiencing a similitude of a reality you can't live in real life as easily. As the technology progresses, it'll be more profitable than you think as people become more and more unhappy with their real world lives, unfortunately.
So, how can I apply for the Architect post to design such things??
Talking about stocks, Forex and cryptocurrency trading is the most profitable venture I ever invested in, I reached my goal of $120k monthly trade earnings. Wondering if viewers here are familiar with Rosemary trading strategy..?
@Jeffrey Harmon ✪ Interesting. I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?
@@dr.smithbrodric2682 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.
@Mary Evans Am trading with expert Rosemary lang, a regulated broker in the US. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today.very obviously I'm seeing the results.
My money stays right in my trading account, my account just mirrors her trades in real-time.that's the idea behind copy trading.
every $1 you invest today is a little bit of time that you buy back in the future, the more you invest, the more free time you can afford in the future, having time and the freedom to choose what to do are the ultimate investing goals.
Let's take the problems of the real world and put them in the virtual world. What a great idea..!!!
Is there some missing logic here? The reason for real world property value is true scarcity as in there is exactly only so much surface on earth or in certain region. Mean while in a digital space it's virtually limitless.
Their argument that this particular "land" is unique based on the NFT and blockchain tech which cant be replicated and has limit since the number of its underlying blockchain is capped.
@@richpt3646 Exactly, No Man's Sky has multiple galaxies to explore.
@@richpt3646 Sure, but why should anyone want it? That's why I don't understand. Everyone is just selling to the greatest fool and there are so so many fools around.
@@ryanhimmelblau534 You say that now, until more people buy VR headsets and start attending virtual concerts etc. Justin Bieber hosted a VR concert recently and it was a hit from what I've heard. Investing in Metaverse would then allow these companies to essentially do whatever (convert venues, shopping venue etc).
@@Xaero324 I wonder if those game companies will give those rights to third parties when they can directly sell it to their players in their menu's.
Just goes to show that even in a world where abundance is infinite, these people will create an artificial scarcity.
Someone just took GTA multiplayer gameplays way too seriously.
Why create a virtual land where there is huge disparity in wealth just like the real world? Surely create something that is more equitable if it can be designed as such?
That’s a very humanist question to ask, unfortunately, the owners / creators of this metaverse aren’t interested in equity or recreating a better world. They just want new avenues of making money
Money is just a transaction item, as long as your goal is to earn more money, you will never get rich.
This is like the tenth major news story I've seen about the metaverse in the past month. As someone who grew up playing Roblox, I offer an alternative to blowing thousands of dollars on cryptocurrency and virtual land:
Play Roblox. For free. You get literally as much land as you can develop. And frankly, in my opinion, many Roblox games look a lot better than what's showcased here.
🤦♂️ Thats not how it works
My point is the metaverse is absurd and everyone but the millionaires will lose all their investments.
@@lazeau I would disagree but I respect your opinion
I own a few huge ocean front property's in the metaverse for sale but I'm only looking for cash buyers.
6:13 to 6:29
Best summary of the video and Why people are into Metaverse
Thanks for watching
Don't forget to hit the Subscription button
WhatsaP±𝟺𝟺𝟽𝟺𝟶𝟺𝟾𝟷𝟸𝟿𝟸𝟿
Land in a digital world is just like Paper currency … they will keep making more!
People were probably saying the same thing about non gold backed currency in 1950s, until it became the norm
At least fiat money is a legal tender, which can be used to trade, & widely accepted. Try trading with a meta verse land after some few years
This is just a hype. Similar concepts had happened on virtual world of various games in gaming industry since 90s and is still on going. Sure, some addicts with the money would spend to acquire virtual land, goods, items, services, and etc. However, once the honeymoon period is passed, either the developer or users leave.
Users leave
Negative. Virtual Reality will only improve, once people get emotionally involved with these experiences they will be hooked for ever. Specially when big money is financing the advancement. This is here to stay, improve and evolve humans as we know it. Welcome to the Meta Age.
I don't like it but its here.
@@thagman116 That is such a cynical way of seeing and "calculating" the spread of community based games, but the idea that the metaverse has been built under the pretense of "let's make the investor relations with the product a one-sided addiction like those MMOs" more than enough explains why it's so garbage
@@punstartracer It's not just gaming. It will evolve to work meetings, live events, parties/get togethers, experiences, relationships etc. A whole new world.
@@thagman116 The meetings no one attends to? The live events that are forever empty? the parties attended by no one? You seem to be under the pretense that the metaverse is a thing of the future, the metaverse has been here and been crashing hard for a while. But who can blame you, Facebook and many other companies are using the fact the metaverse is larger than life to hide the fact nobody has been using it
correct me if am wrong but buying virtual land is like buying web space from a web hosting company. It exists in a real life server where there is hard drives but we interact with it virtually, so why are they spending so much money on a hard drive space?? 1terrabyte is more than enough for a virtual interactive mall.
This is nothing but fraud. That's it.
Another way you can see this is speculative investment created by rich people who have no other asset class left to invest. Such is the human greed 🙏🙏
Everything is speculative, would bill gates know that he'll get rich by making his own version of a computer? The answer is No. This is the same with everything. Maybe you forgot that they always laugh at the smart people, and then join in later on.
I was just thinking that, these young rich tech bros and their VC facilitators have basically run out of things to buy in the real world so now they are creating fake nothing virtual things to make money from or to "invest" in.
You couldnt make this up, its so pathetic.
A successful life, is all about the positive moves we take in life, crypto currency is every man's dream.
Exactly, at the moment bitcoin is the best and profitable coin to buy and invest in.
Crypto trading is very profitable when you trade well.
How does this whole bitcoin thing works, I'm interested in it and willing and ready to invest heavily but I need an assistant to properly guide me through on how to make a good startup and be successful in it without making mistakes.
Just bought $10k Ethereum and $30k bitcoin with the recent dump in crypto I was told it's the right time to buy and get ready for a skyrocket.
@@jayviesantos3201 The only safe reliable,genuine and highly experienced expert I can refer you to is Mrs Pamela Morgan
Just one question. Was it April 1st when this video was released?
After watching this, I almost lost complete faith in humanity. Then I scrolled down to the comments. Good to know there are brains out there that still work.
Investors these days will buy anything. I don’t see the value. Either in a decade I will be extremely wrong or very right only time will tell.
I'm with you. We see each other in a decade. Peace ✌️
Not decades but centuries. Our progress is too slow. We can barely reach Mars, what to say about exiting out of our solar system.
Only centuries will show who is the winner. Except if we don't destroy ourselves in the ww3.
@@lowe_sa2976 I agree we need to increase our rate of advancement but what does the metaverse have to do with exiting our solar system and exploring the Milky Way?
@@1lawnmowerfan362 but this is the most optimistic way. If we'll be realists, humanity will probably destroy itself in ww3.