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.
Topic: Digital Real Estate: Is it worth it? - page 3. (Read 817 times)
Digitalization of assets is, of course, a trend of the future, but so far there are a lot of legal issues in different countries and purchases require registration and provision of documents. For now, it is easier to buy real estate in the classic way, but maintaining real estate is not feasible everywhere due to high taxes and service payments.
moreover the fact that these so called digitalization of asset doesn't have any legal standing, not even being approved yet by the government so there's no recognition, if the digital asset is just some land in game, then its not even a real land just some game asset and thats it.i would say its still too premature for digital assets, even more so the metaverse digital asset like in form of land, most of them are just waste of money and time.
if someone really eager to invest in property or real estate, I don't think digital assets is gonna be good for them its just merely a speculative tool with no physical form.
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I thought I would have a link in OP where I can read in details how the digital real estate works. Ordinary it doesn't make sense to me but then I realise NFT didn't also make sense to me but it didn't stop NFT from existing.In this life, people like to do stupid things and you will be surprised how stupid things attract people. Many people actually got money and are just looking for ways to largish dem. Maybe digital real estate could be one means to do that.
The future is very unpredictable, I know one in one country could buy properties from another country but not a digital property
If I want to get some altcoins in my portfolio - then I will get some which have real use cases and also have better future potential. To be honest I had ignored the two crypto products being discussed - in fact I didn't know much about what they were for and how they had the best potential compared to the others.
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.
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 thought I would have a link in OP where I can read in details how the digital real estate works. Ordinary it doesn't make sense to me but then I realise NFT didn't also make sense to me but it didn't stop NFT from existing.
In this life, people like to do stupid things and you will be surprised how stupid things attract people. Many people actually got money and are just looking for ways to largish dem. Maybe digital real estate could be one means to do that.
The future is very unpredictable, I know one in one country could buy properties from another country but not a digital property
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.
No, it isnt worth or really just that simply that the same with those NFT shit thing or simply with the hype. I havent been able to encountered about those digital real estate for real but since you've been able to tell on where it could be find then i might checked out but basing up on the description that you have said then its safe to assume out that this is really that something another piece of online/digital piece of shit kind like with those NFT which they are really that bounding to fail considering that they never been that worth that much.Not to make out some conclusive approach about potential but we know that everything online could easily be that depreciate in value in a short period of time. Is it worth it? No its not and its up to someone whether he would really be investing or not but in overall it is never been worth it.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.
There are really just those people who do really love on investing things blindly or there are ones who are really that hoping for these things to pump out its value in the future without even trying out to weigh
in on whats the involved risks with it on which it is really that likely that this one would really be that ending up on a failure just like on what happened on that NFT hype too.
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
This is why it's not really ownership, it's rental and that's the issue. I mean lets say you buy a house, unless you sell it, for the next 100 years you and your family will own it, there is no doubt about that, it would be very rare situation that you may not sell it and still lose ownership, like maybe debt not paid or something, which is still valid, but that's it. Whereas, if you buy a digital estate, do you really think that after 100 years you will still own it? Of course not, we all know that you won't, so one day all the system will be gone and you are just renting it until then.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
The quickness of the system is what makes people salivate, they want to buy today, and see it rise in value and sell, that's their dream, they do not want to hold it for decades, they do not want to invest, they want to basically trade it. Same with every NFT too, they want to buy it, hold for short time, and then sell it for a lot more money if they could.
One of the main reason why it seems digital real estate could not be sustainable is that its perceived value is so less than the real one...and honestly speaking all can be based on hypes just like the many crypto-based projects that already faded into oblivion and are now dead under the ground...sadly it is the investors or the supporters that buy these assets that are holding the empty bags. Real estate is supposed to be so valuable and must be appreciating in value...sadly the same can't be said with the digital version. Why? Mainly because real estate costs money to build while compared to its digital counterpart the cost can be miniscule. In the digital world, you can create as many planets as you want...but in reality there is only one Earth where life is possible.
This is the idea given by NFT but come to think of this do we really own those virtual lots? or those devs who create this will still have full control of everything especially if they want to change something on their creations. We should know that NFT's offer for control of somethings especially those games but NFT owners doesn't really have power to voice out their demands since the developer will always have the final says regarding on everything they want to develop. That's why for now its hard to trust to own a land virtually since there's a chance that we will only get scammed by those developers claiming that there's something good will happen to our investment on their platforms.
So for now I will not own any digital real estate but rather will go out and grab some physical lands since from this I can make sure that I will own a title and can inherit my bought wealth to my family.
So for now I will not own any digital real estate but rather will go out and grab some physical lands since from this I can make sure that I will own a title and can inherit my bought wealth to my family.
That's the real issue. 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
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.
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'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 am a fan of real estate investment, but i don't know about digital real estate, instead of me going on for what i don't know much about, i will prefer going for bitcoin which everyone knows to be a digital decentralized currency, make my investment in it and have my coins in custody.
It's better to go for the physical real estate which everyone knows and is common than digital real estate many aren't yet acquainted with.
I would argue that the fact that many land NFT losing value is because most of its owner realize that its useless to own these land, the initial premise was to have these land for renting for other people advertising their business that could be accessed through metaverse but we know its failing so hard.
therefore real real estate is just far better of course requires much more capital to begin with.
Digitalization of assets is, of course, a trend of the future, but so far there are a lot of legal issues in different countries and purchases require registration and provision of documents. For now, it is easier to buy real estate in the classic way, but maintaining real estate is not feasible everywhere due to high taxes and service payments.
Unless if it's tied-up to a "real" real estate property, then that could be at least something with value after acquiring it. Also, if the land or digital real estate was rented for multiple purposes like in Web3 games, then the owner himself would reap the rewards as passive income.
As the NFT hype already died down, it's now critical for them to regain their value by introducing new real use cases that would specifically solve a real world problem in the long run.
Although there are NFTs that are on demand due to being tagged as airdrop or retroactive "multiplier" like the previous Aptos airdrop for just minting an NFT, it's only good for short or mid term.
Real estate presents long term, but the NFT real estate industry is still a long way to go as of today despite it's huge potential to work in the digital era.
As the NFT hype already died down, it's now critical for them to regain their value by introducing new real use cases that would specifically solve a real world problem in the long run.
Although there are NFTs that are on demand due to being tagged as airdrop or retroactive "multiplier" like the previous Aptos airdrop for just minting an NFT, it's only good for short or mid term.
Real estate presents long term, but the NFT real estate industry is still a long way to go as of today despite it's huge potential to work in the digital era.
I was thinking more of virtual property, rather than linking ownership of a real property (Real Estate) on the Blockchain. It's like you own a piece of land without actually owning it in the real world (if you know what I mean). This would go great with the metaverse. From what I can tell, there's a lot of interest/demand into virtual property. It could be a result of massive hype, though. We should give the market more time to mature to see what happens.
If the content/data linked to your virtual property is preserved on the Blockchain forever, there should be nothing to worry about. Otherwise, this will become a passing fad. No one can predict the future, so lets hope for the best.
This is the idea given by NFT but come to think of this do we really own those virtual lots? or those devs who create this will still have full control of everything especially if they want to change something on their creations. We should know that NFT's offer for control of somethings especially those games but NFT owners doesn't really have power to voice out their demands since the developer will always have the final says regarding on everything they want to develop. That's why for now its hard to trust to own a land virtually since there's a chance that we will only get scammed by those developers claiming that there's something good will happen to our investment on their platforms.
So for now I will not own any digital real estate but rather will go out and grab some physical lands since from this I can make sure that I will own a title and can inherit my bought wealth to my family.
Unless if it's tied-up to a "real" real estate property, then that could be at least something with value after acquiring it. Also, if the land or digital real estate was rented for multiple purposes like in Web3 games, then the owner himself would reap the rewards as passive income.
As the NFT hype already died down, it's now critical for them to regain their value by introducing new real use cases that would specifically solve a real world problem in the long run.
Although there are NFTs that are on demand due to being tagged as airdrop or retroactive "multiplier" like the previous Aptos airdrop for just minting an NFT, it's only good for short or mid term.
Real estate presents long term, but the NFT real estate industry is still a long way to go as of today despite it's huge potential to work in the digital era.
As the NFT hype already died down, it's now critical for them to regain their value by introducing new real use cases that would specifically solve a real world problem in the long run.
Although there are NFTs that are on demand due to being tagged as airdrop or retroactive "multiplier" like the previous Aptos airdrop for just minting an NFT, it's only good for short or mid term.
Real estate presents long term, but the NFT real estate industry is still a long way to go as of today despite it's huge potential to work in the digital era.
I was thinking more of virtual property, rather than linking ownership of a real property (Real Estate) on the Blockchain. It's like you own a piece of land without actually owning it in the real world (if you know what I mean). This would go great with the metaverse. From what I can tell, there's a lot of interest/demand into virtual property. It could be a result of massive hype, though. We should give the market more time to mature to see what happens.
If the content/data linked to your virtual property is preserved on the Blockchain forever, there should be nothing to worry about. Otherwise, this will become a passing fad. No one can predict the future, so lets hope for the best.
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.
Unless if it's tied-up to a "real" real estate property, then that could be at least something with value after acquiring it. Also, if the land or digital real estate was rented for multiple purposes like in Web3 games, then the owner himself would reap the rewards as passive income.
As the NFT hype already died down, it's now critical for them to regain their value by introducing new real use cases that would specifically solve a real world problem in the long run.
Although there are NFTs that are on demand due to being tagged as airdrop or retroactive "multiplier" like the previous Aptos airdrop for just minting an NFT, it's only good for short or mid term.
Real estate presents long term, but the NFT real estate industry is still a long way to go as of today despite it's huge potential to work in the digital era.
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.
Unless if it's tied-up to a "real" real estate property, then that could be at least something with value after acquiring it. Also, if the land or digital real estate was rented for multiple purposes like in Web3 games, then the owner himself would reap the rewards as passive income.
As the NFT hype already died down, it's now critical for them to regain their value by introducing new real use cases that would specifically solve a real world problem in the long run.
Although there are NFTs that are on demand due to being tagged as airdrop or retroactive "multiplier" like the previous Aptos airdrop for just minting an NFT, it's only good for short or mid term.
Real estate presents long term, but the NFT real estate industry is still a long way to go as of today despite it's huge potential to work in the digital era.
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.
Maybe one day the government will decide that NFT's constitute a valid contract of ownership. And at that point in time the people holding NFT's are going to become richer than they ever imagined - I suppose the average NTF fan thinks somewhat along this line.
Personally, I do not see the need for NFT's to prove ownership or authenticity. But as far as the question of authenticity goes, what happens when people start making scam NFTs or misleading people with a different, look-alike blockchain. What if your wallet gets hacked? Do you still consider someone the owner of an NFT the rightful owner if its been stolen and sent to someone else?
To avoid loading yourself with such thoughts, try participating in the Fruit bounty bonanza tournament. It is easy to participate and also easy to get a part of the prize. I advise you to try, because in the last tournament I managed to get 400$, maybe you can get a pain
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.
Maybe one day the government will decide that NFT's constitute a valid contract of ownership. And at that point in time the people holding NFT's are going to become richer than they ever imagined - I suppose the average NTF fan thinks somewhat along this line.
Personally, I do not see the need for NFT's to prove ownership or authenticity. But as far as the question of authenticity goes, what happens when people start making scam NFTs or misleading people with a different, look-alike blockchain. What if your wallet gets hacked? Do you still consider someone the owner of an NFT the rightful owner if its been stolen and sent to someone else?
It can be shutdown by those people who create it so I don't really think its best option to have digital real estate since scamming is rampant and might we can spot one of those especially if we don't have proper documentation of such thing.
Yea, don't get in, if you don't understand. I speak from experience, I purchased few Bitcoin ordinals, and lost them in paying transaction fees, lol. Regarding shutting down, they can't be since everything lives on blockchain.
Like for example you have a metaverse world, it is like roblox basically, or minecraft whatever, if the servers go down, sure the land you own there is still valid, but the game is gone, the world is gone, because server is gone.
I'm sure it wouldn't be so fragile as if server is gone, everything is gone. If I understand it correctly, just like we have several interfaces for one dex, similar way multiple interfaces could be made to show the metaverse data that lives on blockchain.
No matter what you own, everyhing can be gone. World economy in globalism is quite fragile, even though it's more economic. You only need one crisis in some essential country and their plastic for medication bottles factory is halted, so there's a lack of medicine. That goes with every industry. World is as fragile as those servers. And more fragmented the production is, more fragile the whole company is.
It can be shutdown by those people who create it so I don't really think its best option to have digital real estate since scamming is rampant and might we can spot one of those especially if we don't have proper documentation of such thing.
Yea, don't get in, if you don't understand. I speak from experience, I purchased few Bitcoin ordinals, and lost them in paying transaction fees, lol. Regarding shutting down, they can't be since everything lives on blockchain.
Like for example you have a metaverse world, it is like roblox basically, or minecraft whatever, if the servers go down, sure the land you own there is still valid, but the game is gone, the world is gone, because server is gone.
I'm sure it wouldn't be so fragile as if server is gone, everything is gone. If I understand it correctly, just like we have several interfaces for one dex, similar way multiple interfaces could be made to show the metaverse data that lives on blockchain.
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