Topic: Digital Real Estate: Is it worth it? (Read 817 times)
Digital real estate has attracted attention because of the possibilities for other experiences and creative expression in virtual worlds. Although many people do not understand it very well and see it as a hypothetical or a trend. This digital real estate holds the promise of an increasingly digital world where social action becomes more integral to commerce and entertainment . There is always risk in investment so before investing you must do risk management.
In the name of digital more things were happening around. In my understanding everything is a hype and those who were able to enjoy the good at the right time through investment finds it worthy. Other than that it is just a way of tokenizing services/asset and what have been used is the real estate.
This only happens if you already know where the project will end up later because when you have this kind of mindset while you invest your money in this kind of project, you are prepared to sell your altcoins as soon as the price increases at the rate you prefer. unlike other top altcoins that have no trust issue, this kind of investment is seriously risky, and only those who know what they are doing who gonna risk their money with it you need to understand that not all of them are good because they will also be there to promote this fraud project and leave you behind once you invested along with some new recruitments who were fooloed to invest in the temporary hyped project. if you want to know more, you can search them and you will find a huge list of such projects that were hyped at first but shitcoins at the end.
Investing in digital real estate can be a worthwhile venture for those who understand the evolving landscape . Digital real estate includes such things as virtual property, domain names or non-fungible tokens. This concept has become more attractive with the rise of blockchain technology allowing other digital assets. But like any investment it also carries high risk. Success depends on market trends and demand.
Owning digital real estate or properties is just like owning or having NFTs which we all know aren't long-term investments. You can't buy an NFT and plan to hold it for years and expect to get great returns on it because this market is unpredictable and highly volatile, NFTs that are worth $2,000 today might not be worth the same tomorrow because it's all about hype and demand for certain NFTs collections and how they are promoted among investors.
As soon as an NFT collection isn't trending anymore the value of their NFTs will start dropping immediately because there won't be any people bidding for them and NFT marketplaces don't work like cryptocurrency spot markets where you ask your price and wait for someone to come and take it.
The same is the process of digital real estate or properties, they are just like digital collectibles.
As soon as an NFT collection isn't trending anymore the value of their NFTs will start dropping immediately because there won't be any people bidding for them and NFT marketplaces don't work like cryptocurrency spot markets where you ask your price and wait for someone to come and take it.
The same is the process of digital real estate or properties, they are just like digital collectibles.
The problem is that most NFT creators abandon their projects as soon as they "cash out" the money. They aren't serious enough to make the industry last a lifetime. I guess the only NFTs that will truly last are those issued by governments and corporations. The rest will simply become history, leaving many investors "holding the bag".
Digital Real Estate is still in its infancy, so anything's possible. If Decentraland and The Sandbox are constantly maintained by devs, they could last a pretty long time. It's advised to proceed with caution to avoid losing it all in an instant. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected.
good and not that they are already moving here on digital world, then i must say that it isnt that a bad idea either but its not something that i would really be putting up 100% on it.
We've seen the worst and one example is this.
Justin Bieber's Bored Ape NFT 'nightmare' investment: $1.24M loss
https://www.marca.com/en/lifestyle/celebrities/2023/07/04/64a37b8fca47414e198b45db.html
A very sad situation indeed! This is why im not really that a fan of NFT.
Owning digital real estate or properties is just like owning or having NFTs which we all know aren't long-term investments. You can't buy an NFT and plan to hold it for years and expect to get great returns on it because this market is unpredictable and highly volatile, NFTs that are worth $2,000 today might not be worth the same tomorrow because it's all about hype and demand for certain NFTs collections and how they are promoted among investors.
As soon as an NFT collection isn't trending anymore the value of their NFTs will start dropping immediately because there won't be any people bidding for them and NFT marketplaces don't work like cryptocurrency spot markets where you ask your price and wait for someone to come and take it.
The same is the process of digital real estate or properties, they are just like digital collectibles.
As soon as an NFT collection isn't trending anymore the value of their NFTs will start dropping immediately because there won't be any people bidding for them and NFT marketplaces don't work like cryptocurrency spot markets where you ask your price and wait for someone to come and take it.
The same is the process of digital real estate or properties, they are just like digital collectibles.
The problem is that most NFT creators abandon their projects as soon as they "cash out" the money. They aren't serious enough to make the industry last a lifetime. I guess the only NFTs that will truly last are those issued by governments and corporations. The rest will simply become history, leaving many investors "holding the bag".
Digital Real Estate is still in its infancy, so anything's possible. If Decentraland and The Sandbox are constantly maintained by devs, they could last a pretty long time. It's advised to proceed with caution to avoid losing it all in an instant. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected.
I think it's just a pointless trend like NFT. I wouldn't try that out if I didn't have thousands of dollars that I could lose.
Digital real estate is a very questionable investment nowadays, but perhaps in the future we will change our mind. Remember the movie Ready Player One, there was a developed meta universe.
But, do not touch NFT, many professional artists earn money from this, of course, in addition to them, many people sell pixel images, affecting the market in a negative way.
In any case, NFTs have been given the opportunity to show their talent as an artist all over the world, and pixel NFTs will simply disappear over time, since no one needs them.
These type of questions are a bit dynamic and doesn't really one have answer. It depends on both which way, and when. Which way means I think there are multiple projects that tries to do this, and unfortunately majority of them sucks and you will lose money, but there are a few who has made some money for the investors, in those ones you could make some money.
The "when" part means that even on those few that made money, not all would keep on making money, market is volatile, so you could have made money with them at some time, but maybe you can't right now. All these matters and this is why the best thing to do at this time would be making sure that you could actually come up with right timing and right project at the same time to profit.
The "when" part means that even on those few that made money, not all would keep on making money, market is volatile, so you could have made money with them at some time, but maybe you can't right now. All these matters and this is why the best thing to do at this time would be making sure that you could actually come up with right timing and right project at the same time to profit.
In my opinion, digital real estate is a unique concept, but it's still unclear how it will evolve. Owning virtual property sounds appealing, but I feel it's not as attractive as owning real estate. Moreover, there might be many scammers in this field, so it's better not to rush into investing in it.
Owning digital real estate or properties is just like owning or having NFTs which we all know aren't long-term investments. You can't buy an NFT and plan to hold it for years and expect to get great returns on it because this market is unpredictable and highly volatile, NFTs that are worth $2,000 today might not be worth the same tomorrow because it's all about hype and demand for certain NFTs collections and how they are promoted among investors.As soon as an NFT collection isn't trending anymore the value of their NFTs will start dropping immediately because there won't be any people bidding for them and NFT marketplaces don't work like cryptocurrency spot markets where you ask your price and wait for someone to come and take it.
The same is the process of digital real estate or properties, they are just like digital collectibles.
pure hype, there is no future and will definitely be forgotten, the nft market alone has crashed 95%, how does it have a future, as far as I know most digital properties use nft.
Quote
A report by dappGambl based on data provided by NFT Scan and CoinMarketCap showed that out of 73,257 NFT collections the researchers looked at, 69,795 of them, or slightly over 95%, had a market cap of zero ether. SOURCE--
I feel sorry for those who fell for the NFT hype, now the asset they bought is no longer worth anything, or the value is very far from the price they bought it at. Physical and digital property assets are very different, even the ownership documents are different, people buy NFTs which can be generated using AI in just a few hours.Could be. But with NFTs experiencing a resurgence in popularity (especially Bitcoin Ordinals), anything's possible. For what I know, both Decentraland and The Sandbox are still a thing in crypto land. They haven't gone anywhere despite AI and the metaverse taking the world by storm.
With everything turning digital these days, it's likely virtual real estate will be the driving force of the economy in the future. Whenever it will thrive in the form of decentralized projects or a centralized platform backed by the government, it's yet to be seen. I'd proceed with caution just to be safe.
In the name of digital more things were happening around. In my understanding everything is a hype and those who were able to enjoy the good at the right time through investment finds it worthy. Other than that it is just a way of tokenizing services/asset and what have been used is the real estate.
There were a lot of scam projects among Digital Real Estate projects. That is why many people do not trust them. But the idea of Digital Real Estate is good but the main thing is the realization of this idea.
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?
Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much.
Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much.
I doubt that anyone can convert real estate into digital asset, because it's something physical and as the name imply, it is an asset that is supposed to be seen, only it's worth that can be converted in Monterey terms, but it's the physical property that determines the price. The concept is as wield as NFT to me, something not realistic, and you'd see people investing their hard earned money into these projects, and when it eventually crashes, they'll blame the developers for scamming then, even when scam was written I'll over it from the onset.
pure hype, there is no future and will definitely be forgotten, the nft market alone has crashed 95%, how does it have a future, as far as I know most digital properties use nft.
This is just not true. They have gone trough one cycle of bear and bull and look how volatile they were. Who knows what's happening next cycle. If you had bought bored ape right a the start, and not sold it, it would have brought you near a million dollars just with airdrops alone. It's really misleading to say they are down so much from ATH, when there was an insane explosive spike before it.Quote
A report by dappGambl based on data provided by NFT Scan and CoinMarketCap showed that out of 73,257 NFT collections the researchers looked at, 69,795 of them, or slightly over 95%, had a market cap of zero ether. SOURCE--
I feel sorry for those who fell for the NFT hype, now the asset they bought is no longer worth anything, or the value is very far from the price they bought it at. Physical and digital property assets are very different, even the ownership documents are different, people buy NFTs which can be generated using AI in just a few hours.I am not saying that people should buy any of them, far from it. But not seeing the parallel to altcoin fall of 2014-2015 is pretty amazing to me. Yeah they are basically stupid, and bling of the most annoying new money crypto bros, but markets are made of stupid, and that's where the profits are.
You brought up an interesting paradox: moving from physical to virtual assets while still figuring out how to deal with the stability and security that physical things often offer. There is, in fact, a change toward intangible assets that can be seen in the rise in interest in digital assets like the metaverse, NFTs, and cryptocurrencies. But your doubts about how long these digital goods will last bring up an important point. How do we balance the desire for stability with the fact that the digital world changes all the time?
There is a real problem with the worry that information wont be stored on the blockchain but on centralized servers. Could using a blockchain that cant be changed be the answer? Could be. Digital assets can be lost, especially if the site they're stored on fails. This needs to be fixed right away. It might be helpful to focus on coders who put decentralization and censorship resistance first. There are a lot of moving parts, and your hope for a good result is shared by many.
What do you mean? We are already using a blockchain that can't be changed for the key information. Blockchains are just decentralized ledgers and should be kept as minimalistic and fast as possible, they are not meant to store a whole game in them, as they are already too big. It would be unpractical, bulky, expensive and extremely slow. And most importantly, not build for it.There is a real problem with the worry that information wont be stored on the blockchain but on centralized servers. Could using a blockchain that cant be changed be the answer? Could be. Digital assets can be lost, especially if the site they're stored on fails. This needs to be fixed right away. It might be helpful to focus on coders who put decentralization and censorship resistance first. There are a lot of moving parts, and your hope for a good result is shared by many.
You run the servers with systems that are build for it, they are fast, responsive and cheap. In short, they are build for it. There's a good reason you don't run some servers on excel spreadsheets code or similar either.
pure hype, there is no future and will definitely be forgotten, the nft market alone has crashed 95%, how does it have a future, as far as I know most digital properties use nft.
Quote
A report by dappGambl based on data provided by NFT Scan and CoinMarketCap showed that out of 73,257 NFT collections the researchers looked at, 69,795 of them, or slightly over 95%, had a market cap of zero ether. SOURCE--
I feel sorry for those who fell for the NFT hype, now the asset they bought is no longer worth anything, or the value is very far from the price they bought it at. Physical and digital property assets are very different, even the ownership documents are different, people buy NFTs which can be generated using AI in just a few hours. 
In my opinion, digital real estate is a unique concept, but it's still unclear how it will evolve. Owning virtual property sounds appealing, but I feel it's not as attractive as owning real estate. Moreover, there might be many scammers in this field, so it's better not to rush into investing in it.
I support digital real estate; why not? If NFTs are popular and you can make money from them, why not digital real estate? People are trying to make the technology the best and in a different way to create an opportunity to earn. Why not support them and earn from them? But I can't predict the future, so it's going to go down in flames or make a huge amount, depending on the market. But the thing is, don't fall behind the scenes. Before making any decision, just make sure of your financial situation and the legitimacy of the project. We don't know what next will catch our attention, but it seems like we have totally forgotten the real world and are living in a digital world.
Absolutely, I totally see where you're coming from. Real estate Developres, just like Union Developers, is an interesting concept that's gaining traction. It's all about seizing opportunities in this ever-evolving digital landscape. It's wise to approach it cautiously though, considering both the potential rewards and risks. Staying informed and ensuring the legitimacy of any project is key. It's fascinating how we're transitioning more and more into this digital realm, but yeah, we shouldn't lose sight of the real world either.
For me personally, this is not an attractive investment. Since this is just hype based on the example of the same meme tokens, when there is hype on them there is a price, this is the basic rule. In this topic, price charts were shown and they all went down, which may mean that investors have lost interest and there are no new investors. You can make money on such projects only at the beginning of their journey; in the long run there will only be losses.
the thing with digital real estate, is the fact that every game devs can make their own digital lands which is based on game lands, then abandon it.
you will be surprised how many actually the so called metaverse game that also have land ownership in game actually just getting out of business.
that'd be a concern if you have some lands which initally was valued few thousand dollars turning out to be absolutely nothing or in other words become useless.
then after that you will figure out that this technology, just being used for speculation, giving too much disadvantage while the benefit isn't really obvious.
you will be surprised how many actually the so called metaverse game that also have land ownership in game actually just getting out of business.
that'd be a concern if you have some lands which initally was valued few thousand dollars turning out to be absolutely nothing or in other words become useless.
then after that you will figure out that this technology, just being used for speculation, giving too much disadvantage while the benefit isn't really obvious.
If the game was open source or lived within the Blockchain itself, then we would have nothing to worry about. But knowing that virtual land is non-persistent, there's the risk of losing it all in the future. Developers need to fix this if they want "Digital Real Estate" to become a part of our daily life.
Both Decentraland and The Sandbox are promising, but I'm not sure if they will be able to last for long. The industry is still risky to say the least. Just like NFTs where they could lose value overnight. The future is widely unpredictable, so expect the unexpected. Just my thoughts
I support digital real estate; why not? If NFTs are popular and you can make money from them, why not digital real estate? People are trying to make the technology the best and in a different way to create an opportunity to earn. Why not support them and earn from them? But I can't predict the future, so it's going to go down in flames or make a huge amount, depending on the market. But the thing is, don't fall behind the scenes. Before making any decision, just make sure of your financial situation and the legitimacy of the project. We don't know what next will catch our attention, but it seems like we have totally forgotten the real world and are living in a digital world.
Why would anyone not support digital estate, i mean with the world is advancing, there is certainly going to be something concerning this trend and how it's worth is going to explosive in the near future, so intend of being skeptical about it, I think it's best just to follow up with the trend of new things because the world is advancing and technology is the grasp of it so why dull when the whole plan and growth is still at it's early stages.
That pixels will worth zero without their company and without intrestest in projects. Don't think that it's a big deal for now
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