14.2 C
Mönchengladbach
Thursday, October 6, 2022
Advertise with us
MetaverseWhat the Metaverse Means for the Real Estate World

What the Metaverse Means for the Real Estate World

Now I don’t know about you, but this rendering of possible future office workspaces (seen below) in the Metaverse looks an awful lot like the liquid-filled chambers humans existed in, unconscious of their true reality, in The Matrix, to me. In the movie, Neo (Keanu Reeves) is given a choice between taking the red pill or the blue pill. The red pill will enable him to see the world as it really is, which has been mostly decimated and people are living totally unaware they’re in a completely virtual existence. The world, as they know it – is really just a highly interactive, 3-dimensional computer program. The blue pill will enable him to simply forget the fact that he might be “The One” to save humanity, and instead go back to the illusion that is the matrix. After all, at least everything is perfectly as it should be, in the matrix – and as they say, ignorance is bliss.

Renderings of Nth office spaces  Wikipedia

Here on earth, our new reality is the Metaverse – a theoretical landscape of the future – or is it? There are some pretty rich and powerful people telling us the future is now, one of them being the founder of renewing this trendy terminology; Facebook’s Mark Zuckerberg, who decided to rebrand his company name to Meta Platforms, Inc. (“Meta”, for short). His announcement came just prior to all the aforementioned headlines about selling multi-million-dollar virtual real estate in the Metaverse. The initial goal is to design (real) software, device hardware, and built-in capabilities and equipment that’s generally affordable to most people, so that we can all have a 3-dimensional, interactive (not real) experience when online. This alternative imaginary world is just that – it doesn’t really exist – but that didn’t stop investors from spending millions, recently, on “virtual real estate” in the realms of the Metaverse. It’s extremely likely to be the next new substance – or, actually, non-substance – of addiction, but on a massive scale. It’s described as a place to “live, work and play.” Well, what else is there? Again, The Matrix comes to mind…

What is the Metaverse?

Let’s back up a moment to explain exactly what the Metaverse is. The term Metaverse, incidentally, was first used by author Neal Stephenson in his sci-fi book Snow Crash back in 1992. Today, the Metaverse represents an online virtual world that combines tech from augmented reality, virtual reality, 3D holographics (think: avatars), video, and other communication methods as an alternative world to coexist in. One that seems nearly as real as this one. There have been hints of what’s to come in certain video games and there are even other online ‘worlds’ that exist already. But nothing that’s anything like this, according to tech giants like Facebook and Microsoft, both heavily involved – and invested. Zuckerberg is positively bearish on the topic and says that in 10 years, the Metaverse will be our new internet reality and available mainstream.

Virtual Real Estate for Sale

The first company to gain major interest from other investors regarding purchasing land in the MV was Republic Realm, a real estate development company – in the Metaverse. They own 2 (real) investment businesses focused on virtual real estate (not real), currently owning 2,500 spaces of land in 19 MV realms. Their record-making purchase was for land (not real) in the Sandbox, a Metaverse realm, for $4.3 million dollars (very real). Another Canadian company, Tokens.com Corp., had previously held the record for land purchased in Decentraland (another MV realm) for $2.5 million. They likened the investment opportunity to being able to purchase real estate in Manhattan as it was first being built. Republic Realm says it plans to collect rent on properties it’s developing, including homes and retail space. Incidentally, there are still zoning laws in the Metaverse realms, but no particular laws of gravity. Tokens.com is building a skyscraper in Decentraland, which they intend to sell space to lawyers in. My question is, why do we need lawyers in a virtual reality? But this is no joke, folks. This is potentially serious money. Those who interact in these worlds can already purchase yachts, paintings, and nick-nacks for their virtual homes, attend virtual concerts and events, even gamble at casinos, with cryptocurrency specific to the world they’re in. Interestingly enough, some listing sites even seemed to predict the rise of Metaverse and virtual real estate.

This is just the beginning, my friends – we are truly building our own version of The Matrix.

What’s more, another major new announcement included the agent superstar team from Douglas Ellman, the Alexander brothers. They became famous for their record-making deal in 2019 when they represented Ken Griffith, who purchased a $238 million dollar penthouse at 220 Central Park South. The brothers are apparently partnering with – none other than Republic Realm, to develop and sell luxury real estate in the Metaverse. They plan to focus only on the “trophy properties” located in the various worlds of the MV. In another shocker, the Caribbean nation of Barbados has announced plans to open the first embassy in the Metaverse, issuing visas and passports for travel. It would seem this all is reaching epic proportions.

Risky Business

The thing is, these alternate realities are run by cryptocurrency, and there are specific types created uniquely for each of these worlds. Some of them are called NFTs, or non-fungible tokens, which basically is the type you can’t exchange for anything else, like you can with, say, Bitcoin. They represent digital objects, often bits of digital art, videos, autographed Tweets (really), things of that nature. Some of them go up in value while others are worth little, if anything. They are only good in the MV, but they’re complicated. In any case, just like the virtual real estate you purchase in a virtual world, the investment risk is all too real. Using cryptocurrency that’s got actual value to buy virtual land is even worse, say some investors, and the very definition of insanity. Why? Let’s say the realm you choose to buy in suddenly crashes, or it’s not popular so it’s not profitable – there are countless reasons why or how it could happen, and it’s anyone’s guess – you’re risking everything, and can easily lose the entire investment. With actual real estate, at least you have something physically tangible that you can build on to recoup at least the majority of your investment if things go wrong. Or wait out the market. Not so, in the Metaverse. You enter at your own risk, and you take your chances. If risky investments like these make you nervous, it’s understandable. Real real estate is by far the better investing acumen. But the Metaverse remains a hot topic.

Final Noteworthy Thought

At the moment, the Metaverse seems to be just the latest opportunity to make mega millions. Which is too bad, because if we truly have an opportunity to build another dimension of a world to live a whole new life in – why not create a venerable Utopia? Doesn’t it make more sense to create a world with the least possibility of making the same mistakes as we have in this one? And also, do we really want people like Zuckerberg in control of everything important? We all already know that the people that have the most money, have the most power. But in a universe of the future we’re creating from the ground up now, shouldn’t the foundation be created by the people who will spend the most time existing in it? Maybe I’m just idealistic.

The real question here still remains: will you take the red pill or the blue pill?

Reviews

Related Articles

POPULAR

Were Jennifer Lawrence nude photos real?

Are Jennifer Lawrence nude photos true?The question that you may ask yourself is whether the images that were published years ago are trueThe answer...

Updates on Australia’s humanitarian visa program for Afghan refugees

Read more about the Australian Humanitarian Visa Program for Afghans. The Australian government has announced 31,500 Australian visas for Afghan refugees in response to the...

France transferred about 330 people from Kabul

France transferred about 330 people from KabulFrance once again airlifted about 330 people from Kabul. These include citizens of Afghanistan, France and the Netherlands. The...

LATEST POSTS

What is a US Green Card?

Annually, the US Citizenship and Immigration Services (USCIS) offers a lottery-based program to maintain racial diversity in the United States. Citizens from different countries can...

Apply For The US DV Lottery | Green Card Program

What is a DV Lottery? The Diversity Visa Program (DV Lottery) is a program that allows up to 55,000 people from nations that are historically...

Who is Gautam Adani?

Gautam Adani’s Wife

What is Adani Group?

MORE

YOU MAY LIKE

10 Coffee Subscriptions That Should Be on Your Radar This Season

With so many blends and brews to choose from, let us help you narrow the field We independently research, test, review, and recommend the best products—learn more about our process. If you buy something through our...
metaverse app, metaverse facebook, metaverse crypto, metaverse zuckerberg, metaverse game, metaverse login, zuckerberg stuck in metaverse, mark zuckerberg stuck in metaverse, live longer for 150 years in metaverse, shib metaverse, gundam metaverse, shiba metaverse, shiba inu coin, shiba inu metaverse, shiba inu, metaverse fashion week, shiba metaverse land, mark zuckerberg, mark zuckerberg metaverse, how to make money in the metaverse, zuckerberg metaverse, best metaverse stocks, metaverse logo, nvidia stock, buying real estate in the metaverse, how to invest in the metaverse, bitcoin, metaverse login, how to buy land in metaverse, metaverse headset, how to invest in metaverse, metaverse meaning, metaverse crypto, metaverse stock, metaverse facebook, metaverse coins, metaverse real estate, metaverse etf, metaverse nft, metaverse login, metaverse pro, facebook metaverse, sandbox metaverse, how to invest in metaverse, mark zuckerberg metaverse, best metaverse crypto, how to buy land in metaverse, roundhill ball metaverse etf, roblox metaverse, top metaverse coins, apple metaverse, pete davidson net worth, pete davidson kim kardashian, pete davidson instagram, pete davidson ariana grande, pete davidson father, pete davidson tattoos, pete davidson exes, pete davidson wife, pete davidson net worth, pete davidson kim kardashian, pete davidson movies and tv shows, pete davidson instagram, pete davidson height, pete davidson ariana grande, simon rex, kenedi anderson american idol, bebe rexha, billy ray cyrus, pete davidson roast 9/11, walker scobell, is kim kardashian pregnant by pete davidson, tish cyrus, david mamet, wynonna judd, roast of pete davidson, pete davidson bde, is kim kardashian pregnant with pete davidson, kanye pete davidson boxing, phoebe dynevor and pete davidson, north and pete davidson, daphne bridgerton, pete davidson father 9/11, kim kardashian pregnant with pete davidson, cam newton, pete davidson and north west, is pete davidson jewish, pete davidson north, kourtney kardashian, pete davidson dad

Spider-Man: No Way Home Becomes First COVID-19 Pandemic-Era Movie to smash $1 Billion Milestone...

The movie became the first pandemic movie to surpass $1B at the box office worldwide. In just over 12 consecutive days Sony's comic book epic eclipsed it and tied it with 2014’s “Star Wars:...
metaverse app, metaverse facebook, metaverse crypto, metaverse zuckerberg, metaverse game, metaverse login, zuckerberg stuck in metaverse, mark zuckerberg stuck in metaverse, live longer for 150 years in metaverse, shib metaverse, gundam metaverse, shiba metaverse, shiba inu coin, shiba inu metaverse, shiba inu, metaverse fashion week, shiba metaverse land, mark zuckerberg, mark zuckerberg metaverse, how to make money in the metaverse, zuckerberg metaverse, best metaverse stocks, metaverse logo, nvidia stock, buying real estate in the metaverse, how to invest in the metaverse, bitcoin, metaverse login, how to buy land in metaverse, metaverse headset, how to invest in metaverse, metaverse meaning, metaverse crypto, metaverse stock, metaverse facebook, metaverse coins, metaverse real estate, metaverse etf, metaverse nft, metaverse login, metaverse pro, facebook metaverse, sandbox metaverse, how to invest in metaverse, mark zuckerberg metaverse, best metaverse crypto, how to buy land in metaverse, roundhill ball metaverse etf, roblox metaverse, top metaverse coins, apple metaverse, pete davidson net worth, pete davidson kim kardashian, pete davidson instagram, pete davidson ariana grande, pete davidson father, pete davidson tattoos, pete davidson exes, pete davidson wife, pete davidson net worth, pete davidson kim kardashian, pete davidson movies and tv shows, pete davidson instagram, pete davidson height, pete davidson ariana grande, simon rex, kenedi anderson american idol, bebe rexha, billy ray cyrus, pete davidson roast 9/11, walker scobell, is kim kardashian pregnant by pete davidson, tish cyrus, david mamet, wynonna judd, roast of pete davidson, pete davidson bde, is kim kardashian pregnant with pete davidson, kanye pete davidson boxing, phoebe dynevor and pete davidson, north and pete davidson, daphne bridgerton, pete davidson father 9/11, kim kardashian pregnant with pete davidson, cam newton, pete davidson and north west, is pete davidson jewish, pete davidson north, kourtney kardashian, pete davidson dad

Australia Confirms 15000 Humanitarian and Family Visa programs, For afghans how are in danger...

The Australian Government has announced that it will provide 15,000 places for Afghan nationals, through Humanitarian and Family Visa programs over four years. On 21 January 2022, the Australian Government announced: it will provide 15,000 places...

Nicki Minaj tried to meet her fans in London — until too many of...

Nicki Minaj already knows how much her fans love her, but just in case she needed another reminder, they let her know in London. After her Sunday performance at Wireless Festival, the rap star tried...

A Ugandan woman has 44 children by the age of 40

Mirim Nabatenzi, a Ugandan woman who was forced to bear children by her husband at the age of 12, is now the mother of 44 children at the age of 40. The first plant birth...

Did Sydney Sweeney want to remove nude scenes in Euphoria?

Newly-engaged Sydney Sweeney confirms she 'never asked' to remove nude scenes in Euphoria Sydney Sweeney has confirmed that she 'never asked' for any of her nude scenes to be taken out of Euphoria. The actress, 24, said previous...

Guterres: A misunderstanding can lead humanity to nuclear annihilation

"Humanity is only one misunderstanding away from nuclear annihilation," warned the UN Secretary General at the Nuclear Non-Proliferation Treaty Review Conference. The United Nations Conference on Nuclear Disarmament will be held in New York after...
metaverse app, metaverse facebook, metaverse crypto, metaverse zuckerberg, metaverse game, metaverse login, zuckerberg stuck in metaverse, mark zuckerberg stuck in metaverse, live longer for 150 years in metaverse, shib metaverse, gundam metaverse, shiba metaverse, shiba inu coin, shiba inu metaverse, shiba inu, metaverse fashion week, shiba metaverse land, mark zuckerberg, mark zuckerberg metaverse, how to make money in the metaverse, zuckerberg metaverse, best metaverse stocks, metaverse logo, nvidia stock, buying real estate in the metaverse, how to invest in the metaverse, bitcoin, metaverse login, how to buy land in metaverse, metaverse headset, how to invest in metaverse, metaverse meaning, metaverse crypto, metaverse stock, metaverse facebook, metaverse coins, metaverse real estate, metaverse etf, metaverse nft, metaverse login, metaverse pro, facebook metaverse, sandbox metaverse, how to invest in metaverse, mark zuckerberg metaverse, best metaverse crypto, how to buy land in metaverse, roundhill ball metaverse etf, roblox metaverse, top metaverse coins, apple metaverse, pete davidson net worth, pete davidson kim kardashian, pete davidson instagram, pete davidson ariana grande, pete davidson father, pete davidson tattoos, pete davidson exes, pete davidson wife, pete davidson net worth, pete davidson kim kardashian, pete davidson movies and tv shows, pete davidson instagram, pete davidson height, pete davidson ariana grande, simon rex, kenedi anderson american idol, bebe rexha, billy ray cyrus, pete davidson roast 9/11, walker scobell, is kim kardashian pregnant by pete davidson, tish cyrus, david mamet, wynonna judd, roast of pete davidson, pete davidson bde, is kim kardashian pregnant with pete davidson, kanye pete davidson boxing, phoebe dynevor and pete davidson, north and pete davidson, daphne bridgerton, pete davidson father 9/11, kim kardashian pregnant with pete davidson, cam newton, pete davidson and north west, is pete davidson jewish, pete davidson north, kourtney kardashian, pete davidson dad

KTM Marchetti Signs with Larranaga and Zanotti for Next Season

We woke reasonably late following the feast and free flowing wine the night before. After gathering ourselves and our packs, we headed down to our homestay family’s small dining room for breakfast. Refreshingly, what was...

Britney Spears ‘We Lost Our Miracle Baby,’

Britney Spears announced in an Instagram post that her "miracle baby" and her partner Sam Asghari have had an abortion."With the least sadness, it must be said that the baby lost its miracle early...

Alia Bhatt-Ranbir Kapoor, Neha Dhupia-Angad Bedi: Celebs who announced pregnancy months after wedding

Alia Bhatt left almost everyone in shock and surprise as she announced her pregnancy on Monday. The actress took to her Instagram to share a heartwarming photo from her ultrasound appointment. The photo featured Alia...
metaverse app, metaverse facebook, metaverse crypto, metaverse zuckerberg, metaverse game, metaverse login, zuckerberg stuck in metaverse, mark zuckerberg stuck in metaverse, live longer for 150 years in metaverse, shib metaverse, gundam metaverse, shiba metaverse, shiba inu coin, shiba inu metaverse, shiba inu, metaverse fashion week, shiba metaverse land, mark zuckerberg, mark zuckerberg metaverse, how to make money in the metaverse, zuckerberg metaverse, best metaverse stocks, metaverse logo, nvidia stock, buying real estate in the metaverse, how to invest in the metaverse, bitcoin, metaverse login, how to buy land in metaverse, metaverse headset, how to invest in metaverse, metaverse meaning, metaverse crypto, metaverse stock, metaverse facebook, metaverse coins, metaverse real estate, metaverse etf, metaverse nft, metaverse login, metaverse pro, facebook metaverse, sandbox metaverse, how to invest in metaverse, mark zuckerberg metaverse, best metaverse crypto, how to buy land in metaverse, roundhill ball metaverse etf, roblox metaverse, top metaverse coins, apple metaverse, pete davidson net worth, pete davidson kim kardashian, pete davidson instagram, pete davidson ariana grande, pete davidson father, pete davidson tattoos, pete davidson exes, pete davidson wife, pete davidson net worth, pete davidson kim kardashian, pete davidson movies and tv shows, pete davidson instagram, pete davidson height, pete davidson ariana grande, simon rex, kenedi anderson american idol, bebe rexha, billy ray cyrus, pete davidson roast 9/11, walker scobell, is kim kardashian pregnant by pete davidson, tish cyrus, david mamet, wynonna judd, roast of pete davidson, pete davidson bde, is kim kardashian pregnant with pete davidson, kanye pete davidson boxing, phoebe dynevor and pete davidson, north and pete davidson, daphne bridgerton, pete davidson father 9/11, kim kardashian pregnant with pete davidson, cam newton, pete davidson and north west, is pete davidson jewish, pete davidson north, kourtney kardashian, pete davidson dad

PUBG MOBILE Update APRIL 2022

PUBG Mobile Redeem Codes Today 13 April 2022: The game provides many items in order to attract more players. items such as skins, outfits, and more. however, items do not affect the gameplay. To buy items,...
metaverse app, metaverse facebook, metaverse crypto, metaverse zuckerberg, metaverse game, metaverse login, zuckerberg stuck in metaverse, mark zuckerberg stuck in metaverse, live longer for 150 years in metaverse, shib metaverse, gundam metaverse, shiba metaverse, shiba inu coin, shiba inu metaverse, shiba inu, metaverse fashion week, shiba metaverse land, mark zuckerberg, mark zuckerberg metaverse, how to make money in the metaverse, zuckerberg metaverse, best metaverse stocks, metaverse logo, nvidia stock, buying real estate in the metaverse, how to invest in the metaverse, bitcoin, metaverse login, how to buy land in metaverse, metaverse headset, how to invest in metaverse, metaverse meaning, metaverse crypto, metaverse stock, metaverse facebook, metaverse coins, metaverse real estate, metaverse etf, metaverse nft, metaverse login, metaverse pro, facebook metaverse, sandbox metaverse, how to invest in metaverse, mark zuckerberg metaverse, best metaverse crypto, how to buy land in metaverse, roundhill ball metaverse etf, roblox metaverse, top metaverse coins, apple metaverse, pete davidson net worth, pete davidson kim kardashian, pete davidson instagram, pete davidson ariana grande, pete davidson father, pete davidson tattoos, pete davidson exes, pete davidson wife, pete davidson net worth, pete davidson kim kardashian, pete davidson movies and tv shows, pete davidson instagram, pete davidson height, pete davidson ariana grande, simon rex, kenedi anderson american idol, bebe rexha, billy ray cyrus, pete davidson roast 9/11, walker scobell, is kim kardashian pregnant by pete davidson, tish cyrus, david mamet, wynonna judd, roast of pete davidson, pete davidson bde, is kim kardashian pregnant with pete davidson, kanye pete davidson boxing, phoebe dynevor and pete davidson, north and pete davidson, daphne bridgerton, pete davidson father 9/11, kim kardashian pregnant with pete davidson, cam newton, pete davidson and north west, is pete davidson jewish, pete davidson north, kourtney kardashian, pete davidson dad

Katrina Kaif wedding:

(adsbygoogle = window.adsbygoogle || ).push({}); Bollywood superstar Katrina Kaif recently got married Vicky Kaushal and Katrina Kaif had a beautiful wedding together in Sawai Madhopur, Rajasthan. Fitness instructor Reza Katani...
metaverse app, metaverse facebook, metaverse crypto, metaverse zuckerberg, metaverse game, metaverse login, zuckerberg stuck in metaverse, mark zuckerberg stuck in metaverse, live longer for 150 years in metaverse, shib metaverse, gundam metaverse, shiba metaverse, shiba inu coin, shiba inu metaverse, shiba inu, metaverse fashion week, shiba metaverse land, mark zuckerberg, mark zuckerberg metaverse, how to make money in the metaverse, zuckerberg metaverse, best metaverse stocks, metaverse logo, nvidia stock, buying real estate in the metaverse, how to invest in the metaverse, bitcoin, metaverse login, how to buy land in metaverse, metaverse headset, how to invest in metaverse, metaverse meaning, metaverse crypto, metaverse stock, metaverse facebook, metaverse coins, metaverse real estate, metaverse etf, metaverse nft, metaverse login, metaverse pro, facebook metaverse, sandbox metaverse, how to invest in metaverse, mark zuckerberg metaverse, best metaverse crypto, how to buy land in metaverse, roundhill ball metaverse etf, roblox metaverse, top metaverse coins, apple metaverse, pete davidson net worth, pete davidson kim kardashian, pete davidson instagram, pete davidson ariana grande, pete davidson father, pete davidson tattoos, pete davidson exes, pete davidson wife, pete davidson net worth, pete davidson kim kardashian, pete davidson movies and tv shows, pete davidson instagram, pete davidson height, pete davidson ariana grande, simon rex, kenedi anderson american idol, bebe rexha, billy ray cyrus, pete davidson roast 9/11, walker scobell, is kim kardashian pregnant by pete davidson, tish cyrus, david mamet, wynonna judd, roast of pete davidson, pete davidson bde, is kim kardashian pregnant with pete davidson, kanye pete davidson boxing, phoebe dynevor and pete davidson, north and pete davidson, daphne bridgerton, pete davidson father 9/11, kim kardashian pregnant with pete davidson, cam newton, pete davidson and north west, is pete davidson jewish, pete davidson north, kourtney kardashian, pete davidson dad

What is the purpose of the Taliban digging around Buddhist statues in Bamyan?

Sources told Deutsche Welle that Taliban members were digging behind and in front of Buddhist statues in Bamyan and that people were not allowed to enter the two areas. What is the purpose of the...

Pregnant Rihanna Attends at Met Gala 2022 — as a statue

Rihanna is a stone cold superstar. While the heavily pregnant Bad Gal may have skipped the Met Gala 2022 red carpet, she made an even longer-lasting impression at the museum … as a statue. On Tuesday morning,...

The Trumps: How America’s first family arrived in New York on a steamship from...

Donald Trump's grandfather moved to the US from Germany in a steamship in 1885.In the 135 years since then, the family has produced real-estate magnates, one federal judge, and the current president of the...