@BOMBERuss 14 August 2022 more from that month

Mark Cuban, an American billionaire and owner of the Dallas Mavericks basketball team of the National Basketball Association, believes that the acquisition of real estate and land in popular #metaverses is pure madness. Speaking about the #Sandbox and #Decentraland platforms, 64-year-old Cuban was not shy in his expressions: "The worst thing is that people buy real estate in these places. It's just the dumbest nonsense in the world. Did I say it was stupid? No, not like that. It's super-meta-flawlessly dumb." The creators of metaverses make good money on such transactions, but there is no benefit for investors in such acquisitions. Kuban believes that the only option in which the concept of selling land and real estate in metaverses could potentially work is if a community would be formed around them: "It all comes down to the #community. Where can you create a community and what is the impact of this community? After you create a community, you will be able to find places that, depending on how that community works, may have tangible value due to access to that place. But [selling a place and housing] in advance? Based on a traditional real estate sale model? This is the dumbest shit in the world." Data on transactions with land plots in the #metaverse indicate that in recent months, when the crisis took hold of the crypto #market, their prices have decreased by 80%. So maybe Cuban is right. Critics of real estate and land transactions in the metaverse say that all this is another pyramid. Their main argument is that, unlike the classical real estate market, an unlimited number of square meters can be created in metaverses, and this will sooner or later lead to collapse. However, #blockchain technology makes it easy to make something irreplaceable and scarce. For example, each virtual house or plot may well be unique and exist in a single instance. Well, the number of really exclusive locations in the metaverse is limited. #NFT #CryptoCurrency