Digital Real Estate: Is it worth it? - page 2.

poodle63

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Quote from: Biznesmen on November 05, 2023, 07:21:03 AM

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.

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.

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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.

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Quote from: DeathAngel on November 01, 2023, 11:52:16 AM

Ask yourself if you think in 20 years will digital real estate be selling for big money & base your financial decisions on your answer. In my opinion it’s just another popular craze that will amount to nothing long term. This is not financial advice though so do your own research.

I have seen NFTs that were once popular, going all the way down the drain in an instant. It's likely the same will happen with "digital real estate". But I cannot tell for sure, due to the unpredictable nature of crypto land. It's best to proceed with caution by only investing what you can afford to lose. Life is all about risks, but only those willing to take them have a good chance of succeding in the future.

For what I know, the world is heading into full-fledged "digitalization". We owe it all to the rise of the Internet and crypto/Blockchain tech. Who knows how our society will change in the long run? Cheesy

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Quote from: Abiky on November 01, 2023, 09:50:18 AM

Quote from: fullhdpixel on October 31, 2023, 04:11:09 AM

When you buy land in a virtual world that is created in the metaverse, you don't really own something in the real world but you own it in that virtual world where it can either be used or sold to someone else. Governments or any other trusted entity intervening in such a thing would only make sense if the land being sold or bought are actual lands that are digitalized and someone who buys it gets both digital and physical ownership of the land.

The meaning of digitalization is that something that has a physical existence is given a digital identity or a digital form, but when we talk about digital land in the metaverse, they are not physically available lands that you are buying but it's just like a game or online project or something, and if the project decides to pack up, you lose your investment with it.

Linking digital land to its physical counterpart is nice. But I don't think it's the "way of the future". Everything seems to be heading towards "virtualization" these days. You can see why the metaverse, NFTs, and even crypto itself are very popular. Most of these digital assets don't have a physical representation in the real world. They only exist in the "digital realm". We are quickly shifting from the "tangible era" to the "intangible era". Digital Real Estate may not be a thing today, but it will be in the future.

What I'm concerned with is the current projects' ability to withstand the test of time. After all, content is not stored on the Blockchain itself. It's stored on a centralized server only developers/creators control. If you buy virtual land, and the game shuts down for whatever reason, you will lose everything for good. Using an immutable blockchain (Bitcoin?) for preserving content, is the way to go. Maybe developers who care about decentralization/censorship-resistance will make this happen someday? No one can predict the future, so lets hope for the best. Grin

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.

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Quote from: DeathAngel on November 01, 2023, 11:52:16 AM

Ask yourself if you think in 20 years will digital real estate be selling for big money & base your financial decisions on your answer. In my opinion it’s just another popular craze that will amount to nothing long term. This is not financial advice though so do your own research.

I agree.
One perfect example is the Axie Infinity land. They have bunch of lands and will still make you earn money as of now but the pricing of that before was crazy and very high. Right now, they're still quite expensive to say and we don't know what's in it for the future. ROI might even take you a decade or more or even impossible if devs won't push for better development
Yeah, it's all about craze and hype.

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Quote from: oktana on November 01, 2023, 12:31:23 PM

Quote from: jrrsparkles on October 31, 2023, 11:34:06 PM

Personally, I feel its stupidity at its worst when someone claim to buy acres on the moon and the same or even worse when the project says to buy your digital land cause it doesn't even exist for the sake when comparing and its real.

If you want to buy digital land then buy GTA5 and explore the city all you want. Grin

Funny but this isn't GTA5, it doesn't have to be physical to be real or have value. If you think so, tell us about NFTs, did people not spend millions of dollars on that? I mean, if you look at it, you'll see how much value digital lands have over NFTs that are just art (yet not a physical thing). Bitcoin can't be seen yet it exists and is worth tens of thousands of dollars. Digital real estate is a thing. Yes, it comes with its own risk but people are buying and selling virtual land. For me, I only think it could do better.

Everybody expects a project that they invest in will become the next bitcoin but it probably may not happen cause its one of its kind and others are just trying to replicate what bitcoin did without actually improving anything. It doesn't really makes sense to me that buying and selling something called digital land, is a land that never exists.

You can ask that about NFT or even for the bitcoin itself but they hold something innovative and for NFTs every project failed after the hype and now people don't really invest in NFT anymore.

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Quote from: jrrsparkles on October 31, 2023, 11:34:06 PM

Personally, I feel its stupidity at its worst when someone claim to buy acres on the moon and the same or even worse when the project says to buy your digital land cause it doesn't even exist for the sake when comparing and its real.

If you want to buy digital land then buy GTA5 and explore the city all you want. Grin

Funny but this isn't GTA5, it doesn't have to be physical to be real or have value. If you think so, tell us about NFTs, did people not spend millions of dollars on that? I mean, if you look at it, you'll see how much value digital lands have over NFTs that are just art (yet not a physical thing). Bitcoin can't be seen yet it exists and is worth tens of thousands of dollars. Digital real estate is a thing. Yes, it comes with its own risk but people are buying and selling virtual land. For me, I only think it could do better.

DeathAngel

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Ask yourself if you think in 20 years will digital real estate be selling for big money & base your financial decisions on your answer. In my opinion it’s just another popular craze that will amount to nothing long term. This is not financial advice though so do your own research.

Abiky

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Quote from: fullhdpixel on October 31, 2023, 04:11:09 AM

When you buy land in a virtual world that is created in the metaverse, you don't really own something in the real world but you own it in that virtual world where it can either be used or sold to someone else. Governments or any other trusted entity intervening in such a thing would only make sense if the land being sold or bought are actual lands that are digitalized and someone who buys it gets both digital and physical ownership of the land.

The meaning of digitalization is that something that has a physical existence is given a digital identity or a digital form, but when we talk about digital land in the metaverse, they are not physically available lands that you are buying but it's just like a game or online project or something, and if the project decides to pack up, you lose your investment with it.

Linking digital land to its physical counterpart is nice. But I don't think it's the "way of the future". Everything seems to be heading towards "virtualization" these days. You can see why the metaverse, NFTs, and even crypto itself are very popular. Most of these digital assets don't have a physical representation in the real world. They only exist in the "digital realm". We are quickly shifting from the "tangible era" to the "intangible era". Digital Real Estate may not be a thing today, but it will be in the future.

What I'm concerned with is the current projects' ability to withstand the test of time. After all, content is not stored on the Blockchain itself. It's stored on a centralized server only developers/creators control. If you buy virtual land, and the game shuts down for whatever reason, you will lose everything for good. Using an immutable blockchain (Bitcoin?) for preserving content, is the way to go. Maybe developers who care about decentralization/censorship-resistance will make this happen someday? No one can predict the future, so lets hope for the best. Grin

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Personally, I feel its stupidity at its worst when someone claim to buy acres on the moon and the same or even worse when the project says to buy your digital land cause it doesn't even exist for the sake when comparing and its real.

If you want to buy digital land then buy GTA5 and explore the city all you want. Grin

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if you are extremely rich and has a ton of money you wouldn’t mind losing then investing on digital real estate is for you it’s
like nfts where you buy something to own yet is not tangible in digital real estate however it is described like buying property in another
planet so i don’t really see the point of it and most likely wouldn’t be profitable

Quote from: Publictalk792 on October 30, 2023, 09:41:29 PM

the future of digital real estate is uncertain and while it may hold potential it also carries risks. Proceed with caution and make good decisions. The decision to invest in digital real estate or NFT should be based on your risk tolerance investment goals and understanding of the market. It is always good to seek professional advice and stay informed about the latest developments in the industry.

By the way in my point of view I personally never invest in these kind of projects because these projects just hold hype with trend. Always invest when a trend comes out and make some profit and exit.

every investments has their own risks mate , even here in crypto we have a high risk yet people are investing , that is the power of desire .
future will tell depend on how risky we take as our path.

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I consider that nft is in accordance with the chain, although some altcoins have gone up, I consider that it is still within reasonable limits, because there are still dumps or sidesway.

This nft is the same as other nfts, namely assets with private ownership and as a collection without leaving anonymous, of course it is different in function from physical property that can be used for housing or for any activity, can be useful for private or public and ownership of both land titles, buildings and clear laws.

Im searching example in here, I don't see specific ownership, just the seller's address to choose and bid, I find there is no real ownership like real estate in general, the estate here is part of the art of owning property or just a simulation to save up to buy real estate.

You are not wrong if you want to buy, it is better to use the extra money you have if you are confused about where to save it, while adding to your assets in the real world, that ability will make you add to your investment portfolio, every type of investment has its advantages sometimes it has high profits and there is a certain time, enjoy sir.

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Quote from: Abiky on October 12, 2023, 08:26:06 AM

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.

It's still a speculation but I think when metaverse is a thing in the industry this will be worth it. There are advantages of having a digital real estate but right now that there's no clear path on it, that's still considering a risky asset, more risky than having a crypto on your wallet.

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Quote from: KingsDen on October 31, 2023, 05:13:36 AM

Quote from: _BlackStar on October 30, 2023, 05:41:50 PM

-snip-

That is true, cryptos that doesn't have real use case doesn't actually last. Their existence is base on hype and drastic promotion. We take for instance, the meme coins. I do not like meme coins but I was however compelled by my friend to buy Shiba and unfortunately for me the coin dumped on me. Currently I am in -80% in my portfolio and I strongly believe that Shiba cannot make a new ATH.

Oh really - my guess is you must have bought at the peak, also you didn't do any analysis when you bought it.
I also don't know why you would be swayed by other people's encouragement about investing - especially in a coin that has no use case. This is a decision that people should avoid especially when they want to invest - I mean you can ask him about which one is best, but don't take it as financial advice without further analysis.

Quote from: KingsDen on October 31, 2023, 05:13:36 AM

That is the case of all these digital arts and real estates . I believe with time the hype will calm and many people will forget it

Of course - I also believe in the same thing, but it could be different if there are positive changes to the use case.

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Quote from: KingsDen on October 31, 2023, 05:13:36 AM

Quote from: _BlackStar on October 30, 2023, 05:41:50 PM

Quote from: KingsDen on October 30, 2023, 05:19:39 PM

Quote from: Abiky on October 12, 2023, 08:26:06 AM

-snip-

Of course - we don't know the future and how all this can be useful. But cryptos that don't have a real use case are more likely to become outdated and fail to compete for a large market share. Traders and investors will find others product that allow them to generate profits with good potential as well - but I doubt NFTs and Real Estate are one of them.

That is true, cryptos that doesn't have real use case doesn't actually last. Their existence is base on hype and drastic promotion. We take for instance, the meme coins. I do not like meme coins but I was however compelled by my friend to buy Shiba and unfortunately for me the coin dumped on me. Currently I am in -80% in my portfolio and I strongly believe that Shiba cannot make a new ATH .

That is the case of all these digital arts and real estates . I believe with time the hype will calm and many people will forget it

Crypto is all about planning and targeting the market to know when one is going to buy at an affordable price so that when the price of Bitcoin is which the major determinant of the Crypto market then we can know what coin one can out the money.

There is nothing bad when we make a mistake and bought coin at the top but the only challenge we could have is the patience for us to wait for make to retrace back to the previous height so that we can start counting our profits from there. There are some meme coins that are actually good and can give us a good profits if we are patient enough to hold and buying at presale is also a good move for us to make good profits from meme coins.

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Quote from: _BlackStar on October 30, 2023, 05:41:50 PM

Quote from: KingsDen on October 30, 2023, 05:19:39 PM

Quote from: Abiky on October 12, 2023, 08:26:06 AM

-snip-

Of course - we don't know the future and how all this can be useful. But cryptos that don't have a real use case are more likely to become outdated and fail to compete for a large market share. Traders and investors will find others product that allow them to generate profits with good potential as well - but I doubt NFTs and Real Estate are one of them.

That is true, cryptos that doesn't have real use case doesn't actually last. Their existence is base on hype and drastic promotion. We take for instance, the meme coins. I do not like meme coins but I was however compelled by my friend to buy Shiba and unfortunately for me the coin dumped on me. Currently I am in -80% in my portfolio and I strongly believe that Shiba cannot make a new ATH .

That is the case of all these digital arts and real estates . I believe with time the hype will calm and many people will forget it

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Quote from: Abiky on October 12, 2023, 08:26:06 AM

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.

It depends on your vision on a digital real estate, owning a virtual property is good when you have peruse into it and know the out come of it, but a process whereby you have not peruse into it and know exactly what you are supposed to know and you venture into it, is where it will become a bother for you as well...instead you to go into virtual real estate that you have not fully acclimatised with, I think its better to venture into the one you know better which is physical real estate investment, which the loss and profits is something you will know the out come when it mistakenly manifest.

Quote from: krishnaverma on October 25, 2023, 08:43:06 PM

Real or conventional real estate is itself so lucrative. It will also increase your reputation to own one. Then why run behind digital real estate which has no existence in reality. Such concepts are still new and this lot of risk is involved in this. In future, if this market also matures, then you can think about investing in digital real estate.

I will not advice anyone to borrow and venture into real estate business, because you may venture any kind of the real estate business either physical real estate management or the virtual real estate management and it happens that luck run against you and you loss whatever you have invested, so you don't need to borrow funds and venture into a real estate that you have not known the rudiments..so in this aspect when you say conventional real estate, you are emphasising on loan, so I don't think that idea should be a welcomed development to someone who want to venture into something that involves risk.

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Quote from: Abiky on October 26, 2023, 06:30:35 AM

We don't really "own" virtual property if developers get to dictate the rules of the game. It's worse when the data/content is stored on a centralized server. If the server goes down or the government seizes it, you can say goodbye to your virtual land for good. Having a proof of ownership on the Blockchain is simply not enough.

I think "Digital Real Estate" could work if governments are behind it. After all, people would trust the government more than any ordinary developer (no offense to anyone). No matter how you see it, there's no denying that "digitalization" is the way of the future. Tokens, assets, precious metals, real estate, and anything you can imagine will live in the digital world. This could take decades before it becomes a reality. As long as you're in control of what you own, there should be nothing to worry about. Just my opinion

When you buy land in a virtual world that is created in the metaverse, you don't really own something in the real world but you own it in that virtual world where it can either be used or sold to someone else. Governments or any other trusted entity intervening in such a thing would only make sense if the land being sold or bought are actual lands that are digitalized and someone who buys it gets both digital and physical ownership of the land.

The meaning of digitalization is that something that has a physical existence is given a digital identity or a digital form, but when we talk about digital land in the metaverse, they are not physically available lands that you are buying but it's just like a game or online project or something, and if the project decides to pack up, you lose your investment with it.

oktana

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Quote from: Abiky on October 12, 2023, 08:26:06 AM

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.

You should note that digital real estate is not quite the same as owning physical property. The value of digital real estate is mostly based on the community and the belief that more people will join and use the platform or follow the hype. And for something like that, nobody really knows for sure what the future holds for it. Some (including myself) think it's just hype that will fade away, while others think it's here to stay (I also think so, though I believe it could come back in a better way with a different name and hype). Well, as for investing in it, it depends on your view and how much risk you're willing to take. I simply suggest you keep an eye on the market, stay informed, and make decisions that align with your comfort level.

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