Metaverse Real Estate Boom: Why Investors Are Buying Virtual Land | WSJ

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  • Опубліковано 27 лис 2024

КОМЕНТАРІ • 3,2 тис.

  • @hsvr
    @hsvr 2 роки тому +2706

    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

    • @franciscoarana3735
      @franciscoarana3735 2 роки тому +193

      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.

    • @seriouslysushi8528
      @seriouslysushi8528 2 роки тому +120

      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.

    • @xober8613
      @xober8613 2 роки тому +37

      Population control....CONTROL..

    • @johnappleseed936
      @johnappleseed936 2 роки тому +35

      Skip to 2:10 they’re limiting property

    • @nomooon
      @nomooon 2 роки тому +17

      The main difference is that we actually live on the land we buy in the real world....

  • @sanasolis
    @sanasolis 2 роки тому +601

    Wait till they find out server space is virtually unlimited.

    • @rickv9180
      @rickv9180 2 роки тому +92

      Then they artificially limit space to create scarcity

    • @casualtake1497
      @casualtake1497 2 роки тому +10

      Not unlimited, even BF 2042 server cant hold more than 100 player simultaneously

    • @com-ev5wq
      @com-ev5wq 2 роки тому +6

      We also got moon , Mars e.t.c . So our land in real life is also nearly infinite.

    • @kornkernel2232
      @kornkernel2232 2 роки тому +5

      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.

    • @MicCheckMemoirs
      @MicCheckMemoirs 2 роки тому +1

      @@casualtake1497 that game is much more taxing

  • @danpleskan1580
    @danpleskan1580 2 роки тому +383

    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.

    • @bodhixxx1
      @bodhixxx1 2 роки тому +16

      The Human race is very close to total destruction

    • @NeutronStar9
      @NeutronStar9 2 роки тому +9

      We should come together and do something about capitalism and government policies doing nothing to make better lives.

    • @NeutronStar9
      @NeutronStar9 2 роки тому +5

      @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.

    • @Conflicteddd
      @Conflicteddd 2 роки тому +1

      The real world sucks

    • @NeutronStar9
      @NeutronStar9 2 роки тому +1

      @@Conflicteddd should we do nothing then?

  • @SuperJm777
    @SuperJm777 2 роки тому +1167

    "interact in a way that feels much more human, much more normal" - Ever tried living in the real world?

    • @jaimesfolly
      @jaimesfolly 2 роки тому +47

      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

    • @Extazid
      @Extazid 2 роки тому +2

      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

    • @KM-qk1oz
      @KM-qk1oz 2 роки тому +23

      @@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

    • @jamster333
      @jamster333 2 роки тому +7

      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.

    • @marcowulliampopirers2216
      @marcowulliampopirers2216 2 роки тому +2

      if they tried to do the metaverse the opposite of real life then maybe it will be worth trying

  • @tom-bl4nn
    @tom-bl4nn 2 роки тому +1917

    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

    • @Slithermotion
      @Slithermotion 2 роки тому +148

      I think...that no one with a real life even cares about this...

    • @ForceInEvHorizon
      @ForceInEvHorizon 2 роки тому +22

      Umm they don't force you to buy them? Its just a game cosmetic no one is holding a gun point at your head

    • @nicko4x
      @nicko4x 2 роки тому +14

      Yet here u are on UA-cam

    • @THEMATT222
      @THEMATT222 2 роки тому +32

      @@Slithermotion doesn't change the fact that it makes the virtual experience more limiting.

    • @WellnessandTruthMinistry
      @WellnessandTruthMinistry 2 роки тому +2

      I was about to say that

  • @Palexite
    @Palexite 2 роки тому +211

    “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.

    • @Sunzen44
      @Sunzen44 2 роки тому +8

      Lets just hope other young person are not into this madness cuz they re parent are cringe nft "investor"

    • @tulliobraca2819
      @tulliobraca2819 2 роки тому

      Period

    • @Palexite
      @Palexite 2 роки тому

      @@Sunzen44 yeah. I hope so too.

    • @movingforward2570
      @movingforward2570 2 роки тому +1

      It's not a game you are deceived it's to lockdown your humanity

    • @Palexite
      @Palexite 2 роки тому

      @@BLVCKO Amen

  • @axscdvfb
    @axscdvfb 2 роки тому +953

    “The supply is limited”, “For diversification we have bought land in 43 virtual worlds.” Does anyone see the irony in this?

    • @p333nt4gr4m
      @p333nt4gr4m 2 роки тому +20

      pessimistic people sound more intelligent, possitive people make more money

    • @myflipnotes
      @myflipnotes 2 роки тому +15

      @@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?

    • @Jasongy827
      @Jasongy827 2 роки тому +1

      Yea that’s why I never hop onto the nft metaverse hype

    • @zedetach
      @zedetach 2 роки тому +5

      That's because out of the 43 virtual worlds, probably 4 would survive the bubble.

    • @nushia7192
      @nushia7192 2 роки тому +1

      @@myflipnotes Pyramid scheme? do you even understand what you are saying?

  • @qwerty-il3kx
    @qwerty-il3kx 2 роки тому +355

    THEY ARE LITERALLY CREATING SCARCITY TO UP THE PROFIT MARGIN......

    • @ZombieGermanboss
      @ZombieGermanboss 2 роки тому +16

      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

    • @slowassv8
      @slowassv8 2 роки тому +4

      It’s literally the central banking system

    • @kr8s
      @kr8s 2 роки тому +1

      Talk about WSJ promoting metaverse 6 videos in a month 😂

  • @owen5640
    @owen5640 2 роки тому +233

    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 🤣

    • @JuancoPRoFlow
      @JuancoPRoFlow 2 роки тому +12

      Exactly my thoughts.

    • @c.t.7289
      @c.t.7289 2 роки тому +24

      Yea.. like who's going to be spending HOURS at a time in this "world".

    • @drblitz3092
      @drblitz3092 2 роки тому +6

      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.

    • @youngastro2763
      @youngastro2763 2 роки тому +5

      nothing is stopping you, go make your own meta server and try and sell your metaverse. see how easy it is

    • @owen5640
      @owen5640 2 роки тому +16

      @@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.

  • @ben8133
    @ben8133 2 роки тому +502

    Metaverse is supposed to be a free world for players.
    This is turning out to be like the movie Ready Player One.

    • @AfrikanAssassin
      @AfrikanAssassin 2 роки тому +4

      Yep!

    • @DrWarBear
      @DrWarBear 2 роки тому +19

      But the bad version where IOI takes over and just makes everything pay to play and filled with adds

    • @E13v3N1
      @E13v3N1 2 роки тому

      @@DrWarBear 😂😂😂

    • @nushia7192
      @nushia7192 2 роки тому +4

      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.

    • @amado5198
      @amado5198 2 роки тому +2

      It’s monopoly Pay up your on my land LOL

  • @sung4ji3
    @sung4ji3 2 роки тому +482

    The only thing that requires money for virtual space should be a server.

    • @drivebyquipper
      @drivebyquipper 2 роки тому +11

      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.

    • @miles5600
      @miles5600 2 роки тому +6

      @@drivebyquipper wdym? to make that space, you need an actual server.

    • @drivebyquipper
      @drivebyquipper 2 роки тому +8

      ​@@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

    • @zqpcydbfoqbdiehdj
      @zqpcydbfoqbdiehdj 2 роки тому

      Lol, right.

    • @miles5600
      @miles5600 2 роки тому +5

      @@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.

  • @rizvvan21
    @rizvvan21 2 роки тому +67

    Paying real money for virtual property ?
    Well played Mark !!!

    • @Baggers_Corner
      @Baggers_Corner 2 роки тому

      Think Bitcoin.

    • @praveenkumar-qo9nl
      @praveenkumar-qo9nl 2 роки тому +1

      @@Baggers_Corner that too we need to purchase with our money only none offers for you free!

    • @abdulhome366
      @abdulhome366 2 роки тому

      He should take visual money for this lol

    • @bluezy710
      @bluezy710 Рік тому

      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 :/

  • @zenogodofeverything3519
    @zenogodofeverything3519 2 роки тому +735

    Imagine stealing people's money just because they don't know what's really going on

    • @thareqprimaharianto8725
      @thareqprimaharianto8725 2 роки тому +50

      One of oldest trick in the book

    • @paulthomas8884
      @paulthomas8884 2 роки тому +21

      We don't have to imagine. We're here.

    • @zenogodofeverything3519
      @zenogodofeverything3519 2 роки тому +5

      @@paulthomas8884 does that mean we still get to kill each other, like we did back then?! Wait.... . . .

    • @SUGAR_XYLER
      @SUGAR_XYLER 2 роки тому +8

      I'm glad I have a BS meter

    • @tradersendeavors
      @tradersendeavors 2 роки тому +5

      I made 1000% profit from metaverse investments :)

  • @Vedrajrm
    @Vedrajrm 2 роки тому +545

    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

    • @korchansan
      @korchansan 2 роки тому +6

      Well what if they can't walk and stuff

    • @misao3004
      @misao3004 2 роки тому +1

      👏

    • @frankoh3451
      @frankoh3451 2 роки тому +35

      @@korchansan that literally makes no sense because you can still meet someone in person….

    • @neverpayingtaxes
      @neverpayingtaxes 2 роки тому +9

      @@korchansan video call ?

    • @korchansan
      @korchansan 2 роки тому +1

      @@neverpayingtaxes that's what the metaverse is. Lol

  • @aubreyjames8795
    @aubreyjames8795 2 роки тому +62

    The fact that people took their greedy philosophy, and insatiable need for private property to the fake online world, *speaks volumes.*

    • @JP-sf5er
      @JP-sf5er 2 роки тому +1

      Exactly!!

    • @dan.gorbunov
      @dan.gorbunov 2 роки тому

      Maybe)) this our real world also unreal. this is unreal into (un)real))

    • @aubreyjames8795
      @aubreyjames8795 2 роки тому

      @@dan.gorbunov No. it’s real. And you’re an organism.

    • @dan.gorbunov
      @dan.gorbunov 2 роки тому

      @@aubreyjames8795 super!!

    • @dan.gorbunov
      @dan.gorbunov 2 роки тому

      @@aubreyjames8795 many people think about god like a real person. When we will create new reality, we can’t understand previous ...

  • @SolomFoz
    @SolomFoz 2 роки тому +838

    This proves well that creating existential problems is a mindset, not because of scarcity or finite resources.

    • @Manasseh62
      @Manasseh62 2 роки тому +3

      Thanos: Perfectly balanced… “as all things should be.”

    • @vish3754
      @vish3754 2 роки тому

      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

    • @PepperKatLancer
      @PepperKatLancer 2 роки тому

      @@vish3754 the Cloud says hi!

    • @SW-oy5zw
      @SW-oy5zw 2 роки тому

      @@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?

    • @tonyreyes3780
      @tonyreyes3780 Місяць тому

      So glad the metaverse failed and these wall street bottom feeders took a loss

  • @ionwerks
    @ionwerks 2 роки тому +499

    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.

    • @Aniket2712
      @Aniket2712 2 роки тому +7

      Very true!

    • @Aniket2712
      @Aniket2712 2 роки тому +16

      @MARSYA💦⤵️ you bots planing to buy any?

    • @ReddoFreddo
      @ReddoFreddo 2 роки тому

      I guess we're in a scarcity bubble.

    • @sasshole8121
      @sasshole8121 2 роки тому +20

      cryptocurrency, NFTs, metaverse real estate . . . all derive value from artificial scarcity.

    • @fluxus.virtutis
      @fluxus.virtutis 2 роки тому +3

      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.

  • @romelindareyes7337
    @romelindareyes7337 2 роки тому +146

    Success usually comes to those who are too busy looking for it.

    • @kelvinl.3875
      @kelvinl.3875 2 роки тому

      I agree with you on this

    • @kelvinl.3875
      @kelvinl.3875 2 роки тому

      A great work demands a great sacrifice and who is not capable of a great sacrifice is not capable of a great work

    • @benildabituin1531
      @benildabituin1531 2 роки тому

      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?

    • @colegaligger7072
      @colegaligger7072 2 роки тому

      @@benildabituin1531 I'm into real estate investing.

    • @colegaligger7072
      @colegaligger7072 2 роки тому +4

      Real estate lets people grow their net worth by amassing more and more properties. Its a good long term investment idea due to appreciation

  • @DistractANoodle
    @DistractANoodle 2 роки тому +538

    This is all kinds of sinister. I almost miss the days when I was ignorant enough to be excited by this.

    • @Biancaancaanca
      @Biancaancaanca 2 роки тому +11

      God bless you

    • @joedirt6073
      @joedirt6073 2 роки тому +6

      It's the Beast system

    • @tollevkvendbo
      @tollevkvendbo 2 роки тому

      I'm stilling excited for what this might be some day, years from now

    • @joedirt6073
      @joedirt6073 2 роки тому +3

      @@tollevkvendbo
      It means you as a battery with goggles on your face...like the matrix

    • @mewkatlol
      @mewkatlol 2 роки тому +3

      It’s not so much the fact they are doing this, but the fact they are so souless and uncreative

  • @mtx1212
    @mtx1212 2 роки тому +154

    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...

  • @GuitarsRgood7
    @GuitarsRgood7 2 роки тому +64

    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.

    • @yowhattupitzbigchungus4971
      @yowhattupitzbigchungus4971 2 роки тому +9

      I agree. Just makes the richest richer and everyone else more brainwashed.

    • @boredom4475
      @boredom4475 2 роки тому +2

      i mean were just literally like a couple of steps before chaos happens but i agree

    • @lh3540
      @lh3540 2 роки тому +4

      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.

  • @timinfinite
    @timinfinite 2 роки тому +135

    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

    • @twokool4skool129
      @twokool4skool129 2 роки тому +21

      Exactly. Does anyone remember Second Life from the 90s? This looks exactly the same as that hot mess.

    • @dopenerds227
      @dopenerds227 2 роки тому +1

      @@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.

    • @rhondaharper-mankin2745
      @rhondaharper-mankin2745 2 роки тому +4

      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???

    • @diangelo1981
      @diangelo1981 2 роки тому

      Ok..go and check star atlas..

    • @sesetio338
      @sesetio338 2 роки тому

      Make Money

  • @Doomedragon
    @Doomedragon 2 роки тому +223

    I just worry about kids being addicted to this artificial augmented reality more than nature & family time. 😢

    • @faminaexmachina
      @faminaexmachina 2 роки тому +69

      @Ayaan K lol or it’s a very valid concern. Go for a walk outside honey.

    • @Yasinburak1992
      @Yasinburak1992 2 роки тому +12

      Shut up boomer and invest in shibu

    • @MsRodrigo989898
      @MsRodrigo989898 2 роки тому +23

      @@Yasinburak1992 le cringe

    • @AlistairVigier1
      @AlistairVigier1 2 роки тому +5

      That already happened with mobile phones.

    • @tradersendeavors
      @tradersendeavors 2 роки тому +1

      @Ayaan K shut up boomer nature is amazing, especially once you buy a cabin with mountain view with crypto profits

  • @aaronrangel99
    @aaronrangel99 2 роки тому +72

    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.

    • @boxy3087
      @boxy3087 2 роки тому +2

      let's continue to crack these paid software to push them to be a free software

    • @ayeshaali3156
      @ayeshaali3156 2 роки тому

      any free softwares you know?

  • @punstartracer
    @punstartracer 2 роки тому +121

    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.

    • @krunkle5136
      @krunkle5136 2 роки тому +10

      It's so so tasteless. It's just people addicted to making money for it's own sake with cardboard instead of value.

    • @tr9268
      @tr9268 Рік тому +1

      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.

  • @sowhat3430
    @sowhat3430 2 роки тому +25

    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

  • @Jessrobbie
    @Jessrobbie 2 роки тому +11

    It's pertinent to know that investment is essential to make more money, I hit big on crypto...

    • @pierogallo132
      @pierogallo132 2 роки тому

      Forex/stocks is the best investment anyone could get into. As it could make you rich in a blink of eye

    • @kellylogan9872
      @kellylogan9872 2 роки тому +2

      @Melissa REID how can I get intouch with her ? I'm from Germany 🇩🇪

    • @Jessrobbie
      @Jessrobbie 2 роки тому +3

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    • @美恵子です
      @美恵子です 6 місяців тому

      This is correct, as long as making money is the most important thing for any project,

  • @RayonConmar
    @RayonConmar 2 роки тому +39

    "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.

  • @Gamabunta24345
    @Gamabunta24345 2 роки тому +29

    As a kid we are told don't sit close to the TV and now we are sticking it to our faces.

    • @sylphe18
      @sylphe18 2 роки тому

      Looking for this comment! I had eyestrain due to being on my computer all day. What more with VR devices.

    • @boredom4475
      @boredom4475 2 роки тому

      yeah and the fact they will expect you to wear it on your face for a long time

  • @adamblair7163
    @adamblair7163 2 роки тому +20

    Excellent Cryptonaire course! I now have a core understanding of trading & investing in Cryptocurrencies. Thank you Mr Paulson Dmitriev. He explain it all so in depth, even for the advanced users. So no matter your experience there’s always something you can learn!

  • @jgigantino31
    @jgigantino31 2 роки тому +62

    So basically someone paid 2.5 million for a plot of land on an advanced Minecraft server?

    • @SoCalFreelance
      @SoCalFreelance 2 роки тому +5

      Just another greater fool scheme similar to modern art and NFT sales.

    • @ryanhimmelblau534
      @ryanhimmelblau534 2 роки тому +7

      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.

    • @Anaximander29A
      @Anaximander29A 2 роки тому

      STONKS!

    • @john10000ish
      @john10000ish 2 роки тому

      @@ryanhimmelblau534 underrated

  • @tropicalverktaki
    @tropicalverktaki 2 роки тому +72

    When you feel stupid, remember there are people buying "real estate" in a virtual reality...

    • @dominiquebillinger6413
      @dominiquebillinger6413 2 роки тому +10

      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?”

    • @tropicalverktaki
      @tropicalverktaki 2 роки тому +13

      @@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.

    • @user_4046
      @user_4046 2 роки тому +8

      @@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.

    • @nushia7192
      @nushia7192 2 роки тому +1

      @@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.".

    • @tropicalverktaki
      @tropicalverktaki 2 роки тому +4

      @@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.

  • @incyphe
    @incyphe Рік тому +4

    I should've sold all my stocks when this video came out.

  • @rowansadasivan403
    @rowansadasivan403 2 роки тому +86

    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.

    • @owen5640
      @owen5640 2 роки тому +5

      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.

    • @thechimeraprotocol
      @thechimeraprotocol 2 роки тому +4

      **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!

    • @ripHalo0002
      @ripHalo0002 2 роки тому +1

      Pirates lead the way!

    • @senpaisupersaiyan
      @senpaisupersaiyan 2 роки тому

      VR chat

    • @Bekssss
      @Bekssss 2 роки тому

      It's already 3000 Bitcoin style cryptocurrencys 😂

  • @SB-yb3us
    @SB-yb3us 2 роки тому +245

    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!

    • @abdiabdi3225
      @abdiabdi3225 2 роки тому +1

      - 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.

    • @Raii_Chu
      @Raii_Chu 2 роки тому +6

      marketing vocabulary that is intended* to increase interest and awareness. It’s why we clicked into this video, the terms used sparked our interest.

    • @soap5547
      @soap5547 2 роки тому +3

      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".

    • @darrinthornton2409
      @darrinthornton2409 2 роки тому +1

      Buying land in a made up place interesting

    • @Zmiana_Pogody
      @Zmiana_Pogody 2 роки тому +1

      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?!

  • @Hus43
    @Hus43 2 роки тому +9

    The market is growing daily with new strategies and trading opportunity.
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  • @nukesonly6315
    @nukesonly6315 2 роки тому +112

    My goodness… so ridiculous. Can’t believe people fall into these traps. We all fall, but come on man🤦‍♂️

    • @toysforfun9066
      @toysforfun9066 2 роки тому +3

      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’

    • @kasualvfx4985
      @kasualvfx4985 2 роки тому +6

      @@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

    • @dariocotza
      @dariocotza 2 роки тому +2

      @@toysforfun9066 well I can play vr chat for free

    • @shadowsupremeja7352
      @shadowsupremeja7352 2 роки тому

      @@toysforfun9066 boi there are free/cheaper games than the metaverse, u saying like u never played games to hangout with friends/maybe family

  • @CapitalismInspired
    @CapitalismInspired 2 роки тому +51

    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.

    • @gregc6107
      @gregc6107 2 роки тому +3

      yep but they can't make money off second life so they are trying this now, a fool and his money are soon parted

  • @lightfast1
    @lightfast1 Рік тому +2

    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

  • @opie32958
    @opie32958 2 роки тому +72

    So embarrassing to watch well-dressed eloquent adults act like this is in any way responsible investing.

    • @opie32958
      @opie32958 2 роки тому

      @Hunter Vonnegut Judging by who people were willing to replace him with I do believe you're being sincere.

  • @---GOD---
    @---GOD--- 2 роки тому +45

    Imagine spending millions to buy a virtual piece of land with graphics from 2001.

    • @SafariKatamari
      @SafariKatamari 2 роки тому +6

      I was thinking the exact same thing. My plot of land is going to look very outdated in a few years.

    • @bepusstar6702
      @bepusstar6702 2 роки тому +3

      And then 2-3 years later the game tanks and no one cares anymore

    • @mqb3gofjzkko7nzx38
      @mqb3gofjzkko7nzx38 3 місяці тому

      @@bepusstar6702 I think you're right.

  • @c.t.7289
    @c.t.7289 2 роки тому +27

    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.

    • @bluezy710
      @bluezy710 Рік тому +1

      And to make it worth selling later or profiting from rent?

  • @unknownuser6809
    @unknownuser6809 2 роки тому +89

    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?

    • @Mhh90
      @Mhh90 2 роки тому +7

      Constant hyping to get to critical mass

    • @casualtake1497
      @casualtake1497 2 роки тому +4

      Just like google and youtube being the king of search engine and entertainment portal, by being the biggest and most advanced ones

    • @Utoo4200
      @Utoo4200 2 роки тому +3

      The fact that you invest thousands of dollars into a game you aren't just gonna wanna delete it lol

    • @unknownuser6809
      @unknownuser6809 2 роки тому +4

      @@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?

    • @Shapar95
      @Shapar95 2 роки тому +2

      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.

  • @TheRoark85
    @TheRoark85 2 роки тому +51

    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.

    • @Untieabl
      @Untieabl 2 роки тому

      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.

    • @StuninRub
      @StuninRub 2 роки тому +2

      @@Untieabl That's when you just mint a new contract for Virtual NY 2, which is 10X the size, with hooker and blow.

    • @a-10wartaboo77
      @a-10wartaboo77 2 роки тому +2

      @@Untieabl can’t you teleport in that games? So a house in the boondocks and in the suburbs is the same

    • @Untieabl
      @Untieabl 2 роки тому

      @@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.

    • @jcf2322
      @jcf2322 2 роки тому +3

      @@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.

  • @timothyben8454
    @timothyben8454 2 роки тому +16

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      @timothyben8454 2 роки тому

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      @egonschutzenberger65 2 роки тому

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      @patiencebella2035 2 роки тому

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    • @paulkwasu5100
      @paulkwasu5100 2 роки тому

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      @paulkwasu5100 2 роки тому

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  • @SnChem
    @SnChem 2 роки тому +9

    For the sake of humanity
    I wish this meta verse never go mainstream

  • @dool1002
    @dool1002 2 роки тому +117

    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...

    • @oraclejoe3471
      @oraclejoe3471 2 роки тому +1

      I'm surprised at the fact that u did your homework on blockchain but not on what an NFT is.

    • @truongngo4786
      @truongngo4786 2 роки тому +2

      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

    • @dool1002
      @dool1002 2 роки тому +3

      @@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...

    • @dool1002
      @dool1002 2 роки тому +1

      @@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.

    • @oraclejoe3471
      @oraclejoe3471 2 роки тому

      @@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.

  • @bellajohn2258
    @bellajohn2258 2 роки тому +41

    I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.

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      @mclarendavid5935 2 роки тому

      Having monitored my portfolio performance which has made a jaw dropping $360k from just the past two quarters alone, i have learned why experienced traders makes enormous returns from the seemingly unknown market.

    • @marvinscott2630
      @marvinscott2630 2 роки тому

      @@mclarendavid5935 Interesting. I've a lump sum doing absolutely nothing at all in my bank account, i wanna gets something started with it. You seem to be doing excellent for yourself, how do you achieve this?

    • @mclarendavid5935
      @mclarendavid5935 2 роки тому

      @@marvinscott2630 Am trading with expert Bell Elizabeth, a regulated broker in US. Met her sometime early last year at a start up funding event. She has some interesting things to say about the state of algorithmic trading today. Obviously I'm seeing the results.

    • @juniorlucky54
      @juniorlucky54 2 роки тому

      @@mclarendavid5935 That's impressive. Are you giving her your money or it does stay in your trading account? What's really the idea behind copying trades.

    • @mclarendavid5935
      @mclarendavid5935 2 роки тому

      @@juniorlucky54 My money stays right in my trading account, my account just mirrors her trade in real-time. That's the idea behind copying trades.

  • @M0U53R
    @M0U53R 2 роки тому +77

    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

    • @sesetio338
      @sesetio338 2 роки тому +1

      Yeah that's the real Metaverse.

    • @Pyasa.shaitan
      @Pyasa.shaitan 2 роки тому

      What? 2.9 million for a tweet?

    • @gatodelluvia4735
      @gatodelluvia4735 2 роки тому

      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.

    • @gregc6107
      @gregc6107 2 роки тому +1

      they are anticipating that all rich people will own land, and the poor will rent and only "enjoy" things in the metaverse lol

  • @jacob9673
    @jacob9673 2 роки тому +18

    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.

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    @feliciaputri123 2 роки тому +30

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      @louisewelson3110 2 роки тому

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      @archivealexander1952 2 роки тому

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      @susanwilliams548 2 роки тому

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      @gisannramharack6094 2 роки тому

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  • @Lollipop-ft5yc
    @Lollipop-ft5yc 2 роки тому +57

    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.

    • @utubeskreename9516
      @utubeskreename9516 2 роки тому +3

      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.

    • @KM-qk1oz
      @KM-qk1oz 2 роки тому +2

      It’s literally the matrix lol. It’s not reality but we’re living in it like it is

    • @gatodelluvia4735
      @gatodelluvia4735 2 роки тому

      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.

    • @brainscott8198
      @brainscott8198 2 роки тому

      5000 what?...unicorn oil barrels full of rainbow power? Where can u spend crypto? 99.999% of real world establishments don't honor it.

    • @jch7891
      @jch7891 2 роки тому +1

      Your som should live real life and not Fake virtual one

  • @hariw834
    @hariw834 2 роки тому +127

    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.

    • @michael1190
      @michael1190 2 роки тому

      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.

    • @rckahale
      @rckahale 2 роки тому +3

      For all we know they would create parallel worlds and sell same land multiple times. 😂

    • @chaoyishih8324
      @chaoyishih8324 2 роки тому +1

      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.

    • @gatodelluvia4735
      @gatodelluvia4735 2 роки тому

      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?

    • @3DS100
      @3DS100 2 роки тому

      @@gatodelluvia4735 exactly! Its just going to blow up in people's faces come 2030-40 When like ar or something takes everyone's attention

  • @Codenamecobra
    @Codenamecobra 2 роки тому +2

    Someone just took GTA multiplayer gameplays way too seriously.

  • @smileandlaughs
    @smileandlaughs 2 роки тому +41

    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.

    • @richpt3646
      @richpt3646 2 роки тому +2

      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.

    • @SoCalFreelance
      @SoCalFreelance 2 роки тому

      @@richpt3646 Exactly, No Man's Sky has multiple galaxies to explore.

    • @ryanhimmelblau534
      @ryanhimmelblau534 2 роки тому +8

      @@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.

    • @Xaero324
      @Xaero324 2 роки тому

      @@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).

    • @YandereEnthusiast
      @YandereEnthusiast 2 роки тому

      @@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.

  • @chantellemodisane
    @chantellemodisane 2 роки тому +37

    I still don’t get how buying and selling things in/from the meta verse affects the *actual* physical world

    • @AR-ps6xo
      @AR-ps6xo 2 роки тому +1

      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.

    • @chantellemodisane
      @chantellemodisane 2 роки тому +2

      @@AR-ps6xo what kind of utility besides getting money from it?

    • @Horus4302
      @Horus4302 2 роки тому +7

      @@AR-ps6xo Always the same nonsensical tech brabble with a bunch of buzzwords from you tech bros.

    • @AR-ps6xo
      @AR-ps6xo 2 роки тому +1

      @@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

    • @treyon9190
      @treyon9190 2 роки тому

      Right I’m lost too😂

  • @cyberpunkmetalhead7000
    @cyberpunkmetalhead7000 2 роки тому +6

    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

    • @bluezy710
      @bluezy710 Рік тому +1

      But that'll be the ultimate destiny of the metaverse, owned by a world government. Not a fun thing when it happens tho.

  • @Aniket2712
    @Aniket2712 2 роки тому +77

    Land in a digital world is just like Paper currency … they will keep making more!

    • @aadityarajbhattarai46
      @aadityarajbhattarai46 2 роки тому +2

      People were probably saying the same thing about non gold backed currency in 1950s, until it became the norm

    • @abba4844
      @abba4844 2 роки тому +4

      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

  • @papasquat355
    @papasquat355 2 роки тому +32

    How is this different from Second LIfe and Linden Dollars? How will it end any differently?

    • @gatodelluvia4735
      @gatodelluvia4735 2 роки тому

      There is difference - adds what follow you everywhere and bots collecting your data for sale.

  • @infini.tesimo
    @infini.tesimo 2 роки тому +26

    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.

    • @lettuce1305
      @lettuce1305 2 роки тому +5

      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.

    • @destroyedtelephone4124
      @destroyedtelephone4124 2 роки тому

      @@lettuce1305 yes

    • @bluezy710
      @bluezy710 Рік тому

      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.

  • @anubhavtube1985
    @anubhavtube1985 2 роки тому +59

    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 🙏🙏

    • @nushia7192
      @nushia7192 2 роки тому

      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.

    • @glencoe1266
      @glencoe1266 2 роки тому +2

      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.

  • @wan3416
    @wan3416 2 роки тому +15

    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.

    • @aeughcarrot
      @aeughcarrot 2 роки тому +2

      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.

    • @bluezy710
      @bluezy710 Рік тому

      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.

    • @nickmartin123456
      @nickmartin123456 2 місяці тому

      ​@@bluezy710 2 years after this video has released, and Sandbox and Decentraland have completely tanked.

  • @Thebreakdownshow1
    @Thebreakdownshow1 2 роки тому +55

    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.

    • @jmtrad1906
      @jmtrad1906 2 роки тому +3

      I'm with you. We see each other in a decade. Peace ✌️

    • @lowe_sa2976
      @lowe_sa2976 2 роки тому

      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.

    • @LawnMowerFan
      @LawnMowerFan 2 роки тому

      @@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?

    • @lowe_sa2976
      @lowe_sa2976 2 роки тому +1

      @@LawnMowerFan but this is the most optimistic way. If we'll be realists, humanity will probably destroy itself in ww3.

  • @imranshaik2282
    @imranshaik2282 2 роки тому +14

    She literally said "much more human and much more normal" in the end
    just wow

    • @fernfractal
      @fernfractal 2 роки тому +1

      with the background of a goggly lady nonetheless 🙄

  • @krshah2008
    @krshah2008 2 роки тому +2

    My friend walked in when I was watching this, so I switched tabs to shark porn, because that was much easier to explain...

    • @bycooltimes6606
      @bycooltimes6606 2 роки тому

      Thanks for watching
      Don't forget to hit the Subscription button
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  • @the-sleepy-bear
    @the-sleepy-bear 2 роки тому +23

    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?

    • @brendan1827
      @brendan1827 2 роки тому +14

      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

    • @nushia7192
      @nushia7192 2 роки тому +1

      Money is just a transaction item, as long as your goal is to earn more money, you will never get rich.

  • @Rickonytube
    @Rickonytube 2 роки тому +44

    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.

    • @Mhh90
      @Mhh90 2 роки тому +1

      Users leave

    • @thagman116
      @thagman116 2 роки тому +2

      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.

    • @punstartracer
      @punstartracer 2 роки тому

      @@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

    • @thagman116
      @thagman116 2 роки тому +1

      @@punstartracer It's not just gaming. It will evolve to work meetings, live events, parties/get togethers, experiences, relationships etc. A whole new world.

    • @punstartracer
      @punstartracer 2 роки тому +1

      @@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

  • @hr4ny
    @hr4ny Рік тому +3

    Man this was such an obvious top signal even back then 😂

  • @ForkedMan
    @ForkedMan 2 роки тому +20

    From a game dev perspective this is hilarious to me.

    • @eyefry
      @eyefry 2 роки тому +8

      This is hilarious from any somewhat sane perspective.

    • @casualtake1497
      @casualtake1497 2 роки тому +2

      Lol this is an opportunity to make money, what are you talking about 🤣

    • @punstartracer
      @punstartracer 2 роки тому +3

      @@casualtake1497 Make money on a low quality, already shown to have no real use case speculation that has been flopping on every release? You'd have a better chance making money giving a hobo 100 bucks and hoping he becomes a billionaire instead of metaverse

    • @casualtake1497
      @casualtake1497 2 роки тому

      @@punstartracer bruhhh.... Selling 2D & 3D assets in NFT market for these metaverses could make more money than just selling it directly through workshop or community market

    • @punstartracer
      @punstartracer 2 роки тому +2

      @@casualtake1497 The derivative delta on NFT sites such as Opensea looks like mount everest, truth is the great majority of projects makes zero money but Opensea doesn't want you to know that because its a US based company that gets your minting fee regardless if you recoup it.

  • @malcman
    @malcman 2 роки тому +35

    This is never going to work. Only for rich people with nothing else to spend their money on. No one is going to go to a plot of land to see an NFT. Concerts will always be better live. And shopping at Rodeo Drive is better than shopping in a virtual Rodeo Drive, lol I still prefer amazon for my online shopping experience. Don't need headset and an avatar to go buy my wife a louis vuitton. Playstation had this yearsssss ago and it sucked. Poeple will get bored of this. This is only temporary. Want to invest in a better risk, buy BTC or ETH.

    • @triple-aries
      @triple-aries 2 роки тому

      I agree with you, but they kept saying in the video “future generations of tech users.” While we may not like it, my kids’ kids’ kids might love it.

  • @NightwatchN8
    @NightwatchN8 2 роки тому +2

    A magical land of make believe where "you will own nothing, and be happy" -WEF

  • @joshpeter1765
    @joshpeter1765 2 роки тому +11

    Mrs Charlotte's is legit and her method works like magic I keep on earning every single week with her new strategies

    • @jessykalins6079
      @jessykalins6079 2 роки тому

      Thanks for introducing me to Mrs Charlotte's.
      My first investment with Mrs Charlotte's gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

    • @mariasofia6211
      @mariasofia6211 2 роки тому

      Mrs Charlottes is obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days,
      Her success story is everywhere

    • @patrickgeorge4374
      @patrickgeorge4374 2 роки тому

      Who's this professional everyone is talking about I always see her post on top comment on every UA-cam video I watched

    • @patrickgeorge4374
      @patrickgeorge4374 2 роки тому

      I think I'm interested how can I get in touch with Mrs Charlottes

    • @shaunakpuri1076
      @shaunakpuri1076 2 роки тому

      Thanks for the recommendation,
      I just contacted her and she attends to me nicely

  • @Hunter_238
    @Hunter_238 2 роки тому +8

    The metaverse is like if the bad guys won in ready player one

  • @phil-o-phobic8608
    @phil-o-phobic8608 2 роки тому +1

    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.

  • @JTSuter
    @JTSuter 2 роки тому +12

    Nobody asked for this, and nobody is going to pay for this. This will fail spectacularly.

  • @minyaksayur
    @minyaksayur 2 роки тому +7

    The idea of virtual land is not new, there is a game called archeage where the land is finite, but they can keep adding multiple servers, the problem is people that who did not get the land after a while people stopped playing the game when the server starting to get empty and they merge it to save cost, but in fact, the finite land in the new server cause a snowballing effect. So the same questions can be asked of the metaverse, if the land is finite then people won't be using metaverse, if the land is infinite, it's worthless.

    • @jules7926
      @jules7926 2 роки тому

      Interesting! So metaverse property value is inherently contradictory

    • @minyaksayur
      @minyaksayur 2 роки тому

      @@jules7926 yes, it's quite interesting, virtually, human behaviors do not want to live where there is a wealth disparity forced upon them, it's escapism.

  • @straightdrive6192
    @straightdrive6192 2 роки тому +3

    How is that humans who are so intelligent to create meta verse and yet so stupid to buy and invest into one .🤦‍♂️. Stunning and shocking

  • @gedalyahreback2133
    @gedalyahreback2133 2 роки тому +11

    They're even describing it like a game. It's an invented store of value.

  • @chomihai
    @chomihai 2 роки тому +12

    Virtual scam

    • @Aniket2712
      @Aniket2712 2 роки тому +1

      In deed it is … I would take the payment is crypto & disappear

  • @shp-gi5ji
    @shp-gi5ji 2 роки тому

    6:13 to 6:29
    Best summary of the video and Why people are into Metaverse

    • @bycooltimes6606
      @bycooltimes6606 2 роки тому

      Thanks for watching
      Don't forget to hit the Subscription button
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  • @JogBird
    @JogBird 2 роки тому +7

    i dont want anything to do w the metaverse

  • @accidentsafe
    @accidentsafe 2 роки тому +8

    If this was like buying in New York 250 years ago, I would be able to get something for $5.

  • @lucasferari4515
    @lucasferari4515 2 роки тому +22

    *Nice video !! I am convinced that the poor too could be rich , if they invest wisely and diversify their income. Investment isn’t a get rich scheme but key towards financial growth and stability*

    • @angelolucas70
      @angelolucas70 2 роки тому

      @Elise Côté I have always wanted to invest in this crypto of a thing but I do not know how to go about it if you don’t mind , Can you share some ideas out here ?

    • @angelolucas70
      @angelolucas70 2 роки тому

      @Elise Côté Thanks for the advise and you are right about the rumors regarding financial adviser . But I’m ready to try. If you do not mind , How can I contact Mr Rodney Hamilton Steve?

    • @henrymartino4283
      @henrymartino4283 2 роки тому

      This crypto is becoming really famous here in Europe . The rich are becoming richer and the poor have a chance of getting rich through it . Well I would say it’s a good thing even the Fed can’t stop it no matter how hard they try. Entering into crypto world now is the best decision anyone could make.

    • @alicemuller9386
      @alicemuller9386 2 роки тому

      I am already investing and gaining so much from crypto currency thanks to Rodney Hamilton Steve. I started working with Rodney Hamilton Steve around mid of last year with a portfolio worth *$100k* and now , I have achieved a *$500k* worth portfolio with his help. Rodney Hamilton Steve is really good at managing a crypto portfolio and by far better than most IA that would just tell stories and move away with your hard earn money.

    • @marchettibianca1367
      @marchettibianca1367 2 роки тому

      The Key to becoming successful, never give up , try and try again until you’ve succeeded. Failing doesn’t mean the end of the road . A failure is one who gives up when down. Don’t let anyone stop you from trying out any investment. Lastly , Fears and doubts kills ,never procrastinate. Just do it for it is best trying than not trying at all.

  • @gatodario
    @gatodario 2 роки тому +6

    We haven't been able to fix our societies in the real world and now these people 'venture' to 'new universes' that only people with money have access to.
    This is a great way to keep social inequalities unchecked and to ignore real problems like climate change. I feel so proud of being a human being 🙄

    • @velious2121
      @velious2121 2 роки тому

      No homeless people in the metaverse.

  • @sil-zk8061
    @sil-zk8061 2 роки тому +19

    Second Life has been doing this since 2003. It gained steam up until 2012 or so and just kinda lost its novelty. Metaverse is going to crash HARD

  • @justauser
    @justauser Рік тому +2

    But what I don't understand is the economic purpose? What do these metaverses accomplish other then for a video game entertainment that people may or may not lose interest in overtime? Atleast real world real estate is tangible and you can live in it.

  • @GyanPrakash
    @GyanPrakash 2 роки тому +7

    Metaverse is a new form of E-commerce and Entertainment.
    It's not going to change but upgrade our day to day life and our habit of how we consume the internet.
    The real world will stay here, and technologies will evolve.
    Some companies will benefit from it, just like when the internet was first introduced.

  • @whynotstartusingyourbrain8726
    @whynotstartusingyourbrain8726 2 роки тому +22

    This is absolute insanity.

    • @MartinRichardi
      @MartinRichardi 2 роки тому

      Why?

    • @mqb3gofjzkko7nzx38
      @mqb3gofjzkko7nzx38 3 місяці тому

      @@MartinRichardi 2 years ago
      "Why?"
      Because there are better games out there that don't require the purchase of virtual land.

  • @GS0CK6
    @GS0CK6 2 роки тому +2

    Only Humans would take an infinite space that doesnt exist in the real world and start owning it to charge others. Even the metaverse isnt safe from life’s depressing bs.

    • @bycooltimes6606
      @bycooltimes6606 2 роки тому

      Thanks for watching
      Don't forget to hit the subscription button
      WhatsaP±𝟺𝟺𝟽𝟺𝟶𝟺𝟾𝟷𝟸𝟿𝟸𝟿

  • @AThomasKent
    @AThomasKent 2 роки тому +17

    This is insane, who is actually going to want to go to these places?

    • @Anaximander29A
      @Anaximander29A 2 роки тому

      The labyrinth game from windows 95 looks more fun than this.

    • @fernfractal
      @fernfractal 2 роки тому +3

      gen Z. they're dumb enough to want anything bc it's ✌🏻cool✌🏻

    • @franksmith7246
      @franksmith7246 2 роки тому +1

      Our kids

    • @franksmith7246
      @franksmith7246 2 роки тому

      @Hunter Vonnegut now look a the gas prices what a shame

  • @dennismorris7573
    @dennismorris7573 2 роки тому +7

    Cool video game, the metaverse - but let´s not forget taking care of the real world in the process.

  • @Lena-vw6ye
    @Lena-vw6ye 2 роки тому +9

    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.

    • @SW-oy5zw
      @SW-oy5zw 2 роки тому +3

      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.

    • @homeoffice3524
      @homeoffice3524 2 роки тому

      4k-8k graphics 😅😅😅 Did you ever saw Shitbook VR graphics? They can't reach 320p 🤣🤣🤣🤣

    • @tr9268
      @tr9268 Рік тому

      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.

    • @bluezy710
      @bluezy710 Рік тому

      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

  • @bullerbusch
    @bullerbusch 2 роки тому +9

    Man i can't wait to live in this 480p world

  • @adamisha8072
    @adamisha8072 2 роки тому +142

    I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

    • @dauglasfumes7440
      @dauglasfumes7440 2 роки тому

      Same here, I wonder what's wrong. My portfolio has been going down the drain while I try trading,l just don't know what I do wrong. I would appreciate if there's anyone with advice on what to do

    • @marvelpowell6510
      @marvelpowell6510 2 роки тому

      Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

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      @marvelpowell6510 2 роки тому

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      I'll advice you should
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      @richardwilliams4288 2 роки тому

      @David Remirex You don't need to be shock because I'm also a huge beneficiary of expert Mrs
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    • @marjoriegutkowskisr.64
      @marjoriegutkowskisr.64 2 роки тому

      Here in Canada Expert Stephanie P. Hodges carries out the both orientation and mentorship
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  • @Tails92Halcmm
    @Tails92Halcmm 2 роки тому +3

    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.

  • @wp8639
    @wp8639 2 роки тому +24

    So basically we will all end up living in the Metaverse (Matrix) where all human beings will end up in a computer program. Basically wearing that VR headset is the beginning and then we will end up in a pod and the machines will drain us up for battery energy.

    • @AdmiralFroggy
      @AdmiralFroggy 2 роки тому

      We won't unless you join and commit your life to it.

    • @JMTivis
      @JMTivis 2 роки тому +3

      Yep! No thank you Zuck!

  • @nunobartolo2908
    @nunobartolo2908 2 роки тому +8

    The fast travel feature in the metaverse would make even the most central real state totally worthless

  • @Autotrope
    @Autotrope 6 місяців тому +3

    Just one question. Was it April 1st when this video was released?

  • @randomstuff5562
    @randomstuff5562 2 роки тому +14

    What's stopping people or rather big companies to create their own virtual world, and what's stopping companies to create unlimited space in virtual world so practically price of property is worth is 0

    • @ryanhimmelblau534
      @ryanhimmelblau534 2 роки тому +7

      Yup like I literally set up my own "virtual world" (read Minecraft server) last night in 30min. I'll sell you an infinitely large plot of land on it for all your life savings. You can't put a price on infinite can you?

  • @victorthai250
    @victorthai250 2 роки тому +14

    We will create our own Matrix - we dont need the machines help