OT: why the virtual real estate market is a bubble.

[Morrischiano]

The Metaverse Is Quickly Turning Into the Meh-taverse

Disney and Microsoft both closed projects tied to the metaverse this month, while Facebook parent Meta focuses on artificial intelligence.

www.wsj.com

Reminder, virtual real estate conditions vary in different areas but in some virtual metro areas, real estate has fallen 90%.

 

[RUAldo]

The Metaverse Is Quickly Turning Into the Meh-taverse

Disney and Microsoft both closed projects tied to the metaverse this month, while Facebook parent Meta focuses on artificial intelligence.

www.wsj.com

Reminder, virtual real estate conditions vary in different areas but in some virtual metro areas, real estate has fallen 90%.

Amazing how the latest iteration of virtual real estate was/is nothing more than an over-hyped attempt to copy Second Life, which was launched by Linden Labs in 2003. No different than the Bored Ape Yacht Club, which was nothing more than digital beanie babies.