Digital Real Estate: Is it worth it? - page 4.

tygeade

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Quote from: libert19 on October 23, 2023, 09:11:17 AM

Quote from: ultrloa on October 23, 2023, 08:45:48 AM

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.

Depends on the logic and what you mean by shutdown. Think of it like ownership and usage, the usage can be shutdown but the ownership won't be. Imagine NFT right, if you own it then you own it, there is no reverse back there, you will always own it until you sell, but the way it looks like an image? That part is on a server, so if the server goes out, you will own something that is not an image anymore, it will not look, it won't have anything, it's gone, you still own that, it just doesn't show up as an image.

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.

libert19

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Quote from: ultrloa on October 23, 2023, 08:45:48 AM

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.

Quote from: ultrloa on October 23, 2023, 08:45:48 AM

For now its not good idea to have that and I think NFT's insert this idea but so far no successful project have done this including meta so there's a huge risk for acquiring anything of it especially the one who do those presale is just a random guy who pop out of no where or even those well known guys since they can totally manipulate since they are the one who create those projects.

There is always risk when you are in early in anything but then again it's only when you are early that they are found cheap and has potential to make you wealthy.

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Quote from: libert19 on October 23, 2023, 08:36:13 AM

Quote from: Abiky on October 23, 2023, 08:25:28 AM

Quote from: libert19 on October 20, 2023, 08:55:47 AM

I haven't used decentraland myself but have read about it and I am planning to dive in when I have got spare funds. It has value because it works pretty much like real one, and there is also aspect of profit that people speculate on. Being based on ethereum, it gives people sense of security on their assets.

I found this post information explaining decentraland informative, you might too: https://influencermarketinghub.com/decentraland-real-estate/

It's an interesting concept that's yet to find its place in the mainstream world. Just like people thought "Magic Internet Money" (eg: Bitcoin) wasn't going anywhere, the same happens with Digital Real Estate and NFTs + RWAs. This is the future whenever you like it or not. It's going to take some time to get used to it, especially when Real Estate has dominated the market for years. But change is inevitable.

Real estate has value because it's necessity, virtual worlds can't replace real estate no matter what for obvious reasons — to use virtual world you will need real estate to sit on Grin

But I feel in entertainment sector virtual worlds has potential to revolutionize, especially in gaming and cinema, meet ups in virtual worlds are already a thing.

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. I would rather prepare to acquire physical real estate since the security is more higher and no one can touch my investment with that especially I have legal papers that can prove my ownership of that assets. For now its not good idea to have that and I think NFT's insert this idea but so far no successful project have done this including meta so there's a huge risk for acquiring anything of it especially the one who do those presale is just a random guy who pop out of no where or even those well known guys since they can totally manipulate since they are the one who create those projects.

libert19

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Quote from: Abiky on October 23, 2023, 08:25:28 AM

Quote from: libert19 on October 20, 2023, 08:55:47 AM

I haven't used decentraland myself but have read about it and I am planning to dive in when I have got spare funds. It has value because it works pretty much like real one, and there is also aspect of profit that people speculate on. Being based on ethereum, it gives people sense of security on their assets.

I found this post information explaining decentraland informative, you might too: https://influencermarketinghub.com/decentraland-real-estate/

It's an interesting concept that's yet to find its place in the mainstream world. Just like people thought "Magic Internet Money" (eg: Bitcoin) wasn't going anywhere, the same happens with Digital Real Estate and NFTs + RWAs. This is the future whenever you like it or not. It's going to take some time to get used to it, especially when Real Estate has dominated the market for years. But change is inevitable.

Real estate has value because it's necessity, virtual worlds can't replace real estate no matter what for obvious reasons — to use virtual world you will need real estate to sit on Grin

But I feel in entertainment sector virtual worlds has potential to revolutionize, especially in gaming and cinema, meet ups in virtual worlds are already a thing.

Abiky

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Quote from: libert19 on October 20, 2023, 08:55:47 AM

I haven't used decentraland myself but have read about it and I am planning to dive in when I have got spare funds. It has value because it works pretty much like real one, and there is also aspect of profit that people speculate on. Being based on ethereum, it gives people sense of security on their assets.

I found this post information explaining decentraland informative, you might too: https://influencermarketinghub.com/decentraland-real-estate/

It's an interesting concept that's yet to find its place in the mainstream world. Just like people thought "Magic Internet Money" (eg: Bitcoin) wasn't going anywhere, the same happens with Digital Real Estate and NFTs + RWAs. This is the future whenever you like it or not. It's going to take some time to get used to it, especially when Real Estate has dominated the market for years. But change is inevitable.

It's likely new generations will embrace the tech for a fully-digitized society. Decentraland and The Sandbox are just starting to blossom. So hold on tight as this is going to be a wild ride. Who knows if buying virtual land now will make you rich in the future? Cheesy

mu_enrico

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Worth it or not, depends on whether or not it's useful.
Digital real estate is just like any other digital goods IMO. It has scarcity, price, and tier. Some have usability therefore it's valuable. For example, if you play FIFA (EA FC) Ultimate Team, you'll find people spend thousands of dollars to buy cards. It's worth it since you can buy Prime Dinho to shit on other teams for a year Grin

For sure people speculate, but speculation alone won't drive demand, only use-value can drive demand sustainably.

umityesil

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Digital real estate in platforms like Decentraland is indeed a unique concept. While it may not offer tangible ownership like physical real estate, it taps into the growing virtual economy and the appeal of NFTs. Its future largely depends on the development of the metaverse and the value people attach to digital experiences. It's speculative, but as technology evolves, the demand for virtual spaces might increase. Just like any investment, it comes with risks and rewards. Diversifying your portfolio might be a prudent approach in this emerging sector

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Quote from: JeffBrad12 on October 19, 2023, 07:09:16 PM

Quote from: Silberman on October 19, 2023, 06:27:55 PM

Right now that digital real estate is mostly a scam or at best it is property that you can buy in a game and that has limited demand, however if the metaverse becomes a reality and we have billions of people online using it, then the digital real estate on that platform could in fact become really valuable, however you will need to take a risk by investing as soon as those properties become available and hope for the best, which is not precisely the most solid strategy when it comes to try to make money through investing.

the thing with metaverse, everyone could make their own game which also equates to making their own land, the property literally could be made of thin air, you don't need to worry about not getting one if metaverse is really taking off, because if you don't have it in one specific game, just wait for another game, thas why i was quite pessimistic about investing in these so called digital real estate, because the supply never gonna be limited, after all its NFT which everyone could create.
its far better investing in ordinary coin with their own blockchain with fixed total supply, more promising in the long run.
compared with these so called digital real estate, the coin funnily enough, have significantly more value.

And without a doubt your concerns are legitimate as unlike real estate its digital counterpart can be created at will by the developers, however when I talk about the metaverse I talk about the one companies like Facebook are trying to develop, as if they can get people to use their platform, and I do not see why this could not be possible as people are already using social media a great deal and a metaverse will only be an extension of this idea, then that digital real estate could still be worth a fortune, while other metaverse projects, like the ones being developed on this market, will be just another form of scam.

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Quote from: Abiky on October 12, 2023, 09:26:06 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.

Why some NFT are very expensive is because the project added utility to it which is mostly based on trend and hyping. Most of those NFTs that are sold and bought with huge amount of money are based on market hyping and this had been attracting users and fans from different industries to keep the trending moving.

We can't compare those artwork to reality because they have no value merely looking at them. NFT is still going to trend more even though it look like people are starting to realize that much value are not supposed to be put on those artwork. I still like NFT and I don't regret anything about the digital art industry so far.

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Quote from: Abiky on October 12, 2023, 09:26:06 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.

I don't think it's worth it, its another trending coin I was tempted to invest in one similar project I forgot the name it sounds like an Earthland I don't know what the purpose of owning virtual property they need to hype it to get more investors to invest or you will end up with useless virtual property with no use case only the thought that you own something in the internet which is actually not yours but you are renting it from the developers' platform.

The real thing is a domain where you have full control and you can do domain flipping this is a real investment, not just a make-believe space on another owner's domain.

Dunamisx

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Quote from: Abiky on October 12, 2023, 09:26:06 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.

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.

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Quote from: synchronym on October 20, 2023, 09:50:25 AM

NFT To me it seems too risky to use it really has no reality. Maybe this investment is good for many but not so much for me. Honestly, I don't want to invest here, if I do, I will invest in poultry farm, it seems very easy to me. I think there is little risk if I put in a little effort or spend some time in poultry farms to see if I can profit from it.

We can't force ourselves to love and invest in crypto if we don't trust them either.
Go what you think is right for you and your desires. Well, I could say that crypto investment is a choice, the same thing with the poultry farm. Though both carry some risk (whether it is too risky or not), still can manage it if we have passion and self-control.

As we are talking about Digital Real Estate - I have to say that it is worth enough now( or even in the future). Why? Because we can just say it was worthy if it has a use case and a market role where we could think that it will grow.

synchronym

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NFT To me it seems too risky to use it really has no reality. Maybe this investment is good for many but not so much for me. Honestly, I don't want to invest here, if I do, I will invest in poultry farm, it seems very easy to me. I think there is little risk if I put in a little effort or spend some time in poultry farms to see if I can profit from it.

libert19

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Quote from: Abiky on October 12, 2023, 09:26:06 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.

I haven't used decentraland myself but have read about it and I am planning to dive in when I have got spare funds. It has value because it works pretty much like real one, and there is also aspect of profit that people speculate on. Being based on ethereum, it gives people sense of security on their assets.

I found this post information explaining decentraland informative, you might too: https://influencermarketinghub.com/decentraland-real-estate/

Abiky

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Quote from: makishart on October 18, 2023, 12:00:07 PM

That can be replicated so many times. To be honest if the developers were just selling gimmick here. Those developers helped by the bullish trend to fool people to buy their shitty non reality real estate like land in the game.
People were also very dumb to buy that shitty land. I don't know what to say but it's just matter till everything will worth nothing. We are facing crisis and this is even worst than before.
Those people will not able to sell their land and they will be losing a lot of money cuz their stupidity to invest in the non valuable thing like virtual land. I wonder how long people will be realizing it. It took very long time for people to realize if their investment will worth nothing someday. It's crazy to see that.

Instead of "Digital Real Estate", they should change the name to "Virtual Estate". I honestly don't see how the hype will hold for long, when real estate is still one of the driving forces of the market. The new trend may be well ahead of its time. Just like NFTs and RWAs. Whenever we like these trends or not, there's no denying that this is the way of the future. Everything is pointing to that direction. AI, the metaverse, CBDCs, NFTs, RWAs, virtual estate, and quantum computing will pave the way towards a full-fledged digital society.

The question is not "IF" but rather "WHEN" it will happen. I think it's going to take quite a few decades from now before this becomes a reality. I'd put my money where my mouth is by investing into promising projects with real utility. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about.

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It was more like a trend, tho people made a lot of money out of it during the NFT bull run but the long-term impact wasn't sustainable, all of the metaverse lands and properties aren’t worth much right now compared to when the NFT market was thriving. For me I wouldn’t advise anyone to invest heavily in digital estate except for making quick bucks buying early and selling at the top. For the long run it isn’t worth it.

JeffBrad12

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Quote from: Silberman on October 19, 2023, 06:27:55 PM

Quote from: Questat on October 18, 2023, 07:52:35 AM

That is too early to believe this thing but yes, who knows in the future years. And just like you, I was still skeptical about Digital Real Estate, I'd rather make an investment in a real one as we are very certain that it gives us ROI, unlike DRE where it was still uncertain. Honestly, I can't still figure out how it works as I can imagine the situation of the NFT projects which seems to be like them. Yes, they're hyped and we also know what possibly happens when it is over...DUMPs

Right now that digital real estate is mostly a scam or at best it is property that you can buy in a game and that has limited demand, however if the metaverse becomes a reality and we have billions of people online using it, then the digital real estate on that platform could in fact become really valuable, however you will need to take a risk by investing as soon as those properties become available and hope for the best, which is not precisely the most solid strategy when it comes to try to make money through investing.

the thing with metaverse, everyone could make their own game which also equates to making their own land, the property literally could be made of thin air, you don't need to worry about not getting one if metaverse is really taking off, because if you don't have it in one specific game, just wait for another game, thas why i was quite pessimistic about investing in these so called digital real estate, because the supply never gonna be limited, after all its NFT which everyone could create.
its far better investing in ordinary coin with their own blockchain with fixed total supply, more promising in the long run.
compared with these so called digital real estate, the coin funnily enough, have significantly more value.

Silberman

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Quote from: Questat on October 18, 2023, 07:52:35 AM

That is too early to believe this thing but yes, who knows in the future years. And just like you, I was still skeptical about Digital Real Estate, I'd rather make an investment in a real one as we are very certain that it gives us ROI, unlike DRE where it was still uncertain. Honestly, I can't still figure out how it works as I can imagine the situation of the NFT projects which seems to be like them. Yes, they're hyped and we also know what possibly happens when it is over...DUMPs

Right now that digital real estate is mostly a scam or at best it is property that you can buy in a game and that has limited demand, however if the metaverse becomes a reality and we have billions of people online using it, then the digital real estate on that platform could in fact become really valuable, however you will need to take a risk by investing as soon as those properties become available and hope for the best, which is not precisely the most solid strategy when it comes to try to make money through investing.

shinratensei_

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Quote from: abel1337 on October 16, 2023, 11:24:00 AM

Quote from: Abiky on October 12, 2023, 09:26:06 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.

I guess it's like having your own land in a game like minecraft, you own so it means you are earning something from it or just bragging rights. Just like other land games, people buy it mainly for profit. I personally won't buy it because it's a concept that flopped last bull market that's why, though there might be a possible comeback next bull market. I will buy a digital real estate if somehow there are real life property connected to the digital land.

it really is just bragging right, yes sometime the give incentivizes you for owning land but sometimes they won't, the only way you can profit is quite literally by selling the NFT higher than when you bought, better if you mint the NFT yourself then you're always in profit but then comes in another problem that is the fact that it is an NFT, meaning there will be hard for liquidity to come by, each land differ, so does the demand, or there might be no demand at all, thats the disadvantage with owning these so called digital real estate, even though i don't think it is a digital real estate, just a land in a game doesn't amount to much.
but then again there might be other benefits that the land holder is getting, but then again, the price of the land also depends on the popularity of the game, it migth cost a grand right now, but it could be losing its value significantly when the game lost popularity.

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Quote from: edmundduke on October 12, 2023, 03:14:33 PM

Digital assets are an amazing investment as long as you can get in on the family/early round and manage to sell as soon as public sale opens, ideally BEFORE the sale opens. For a medium or long term hold there is almost 0 value.
The only way you might play this out successfully is mayb buying at the lows of bear market and then the market explodes but thats nearly impossible.

The first one that you said seems unethical or kinda inappropriate. I think that's not how a true investor looks like but it was for those who are leechers. They are poisoning the project. But wait, I realize that I wouldn't mind doing that to a shit coin, meme coin, pump and dump coin, and scam coins because they can also cause a lot of damage to the investors and to the crypto world as a whole.

Bitcoin is also considered as a digital asset and it's mechanism is about long-term hodling, to be able for the investor to reap a lot of befits. Buying at the lows and selling at the highs is how you play the game of investing or trading. The market can explode for those coins who have the potential.

Topic: Digital Real Estate: Is it worth it? - page 4. (Read 817 times)