I thought it was just an idea? These men go to the metaverse to guess

Recently, 'Metaverse' has gained popularity and writing articles. In the context of the metaverse fire, some buyers have purchased digital land at an exorbitant price in the virtual world. enter the game.

I read "funny and cool" in an article about a new house being built in Crypto Valley. Decentraland is a virtual platform developed by the Ethereum blockchain, and Crypto Valley is Decentraland's trading platform. Owned by blockchain investor Tokens.com, the house will be a hybrid of Ibiza's Spanish nightclub and Las Vegas' Bellagio Resort.In a fantasy world unhindered by the boring laws of physics, spinning company logos float over houses and lightning bolts with company logos playing in nearby clouds.In contrast, the office space in the tower to provide rental desks and theaters for virtual meetings is amazing.

Gamers have been investing in pixelated real estate and other digital assets for years. Today, with the development of specialized products such as non-fungible tokens (NFTs) and the hype surrounding the metaverse, these market practices have grown significantly. According to various estimates, Metaverse is a virtual business that eventually generates between $1 trillion and $30 trillion in revenue.

Real money is traded. Some advertisements include real-world products. Legal is an NFT-based remake of The City of London, and users have already wagered $54 million on in-game campaigns (the game is still in development and has no release date). . SuperWorld, a virtual world where people can buy digital models from anywhere in the world, says consumers spend an average of $3,000 buying a home.Currently, the Taj Mahal and the Eiffel Tower cost between $200,000 and $400,000 respectively, and owners buy them for less than $400.

The completely unreal world fascinates investors. In November, Republic Realm, which manages and builds digital real estate, invested $4.3 million in its sandbox platform, its largest virtual real estate investment to date.At the same time, Tokens.com purchased Decentraland's Fashion Street district for $2.4 million. Gambling sites include nightclubs and casinos, where users get virtual rewards. In the Arts District, Sotheby's actually opened a virtual theater. When Decentraland launched in 2017, small packages cost around $20 and can now sell for up to $100,000. Racing platform Somnium Space also reported that November ground users sold over $1.8 million in 30 days. In Another Virtual World, the court ruled out the avatar featuring Justin Bieber and Ariana Grande. The virtual store will soon be available for rent from companies such as Gucci, Dolce & Gabbana, Burberry and Balenciaga. All of these people are the most popular who are already selling trading products in an exchange.

Will the digital business boom continue? As in the real world, profits depend on floating population and people willing to spend real money. To take it to the next level, we need to improve the user experience. Popular metaverse platforms like Decentraland and Sandbox are still tough.The average user may not want to spend as much money on graphics cards, VR glasses, and super-fast broadband as gamers have made the online world a reality in the past.

The second danger is volatility. Selling virtual real estate typically involves exchanging certain metaverse cryptocurrencies. Decentraland has MANA and Sandbox has a digital logo called SAND.The value of cryptocurrencies can be much higher than that of Bitcoin or Ether, and the asset value of digital currencies themselves is already difficult to predict. When a metaverse effect affects mine, the value of the affected cryptocurrency will be zero.

Early investors like Republic Realm are stepping up to reduce risk. The company claims ownership of 23 metaverse platforms.However, unlike the real world, its value depends on the mismatch, each virtual world has no boundaries.As a general rule, the number of virtual worlds is infinite. Hundreds of metaverses already exist, and many metaverses will be created with the development of encryption technology. This includes conflicts. As the metaverse grows, the costs of virtual real estate must rise. However, metaverse success means less and lower costs.The laws of supply and demand can be different from the laws of the virtual world beyond the laws of physics.