Digital Real Estate: Is it worth it? - page 5.

makishart

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Quote from: Yey09 on October 15, 2023, 08:44:21 AM

I think that pixels is the worst investment. They usually too centralized and depends on developers. There are a lot of better options to invest

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.

fmz89

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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.

just bunch cash grab from dev after they already milking the coin, the technology its is far from there, and people believe after upgrading the tech from times to times
for matching standar metaverse as today, neither first metaverse exist at this very moment, the most ambitious metaverse is star citizen and yet from 2013 development and took morethan 600M$ to develope until today
still on beta testing and never achieve full production status Grin

Questat

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Quote from: Abiky on October 18, 2023, 06:20:40 AM

Quote from: sana54210 on October 16, 2023, 12:14:50 PM

Of course it doesn't worth anything, people are making stupid decisions, just like all those who spent hundreds of thousands of dollars on NFT's that worth less than a thousand dollars today, they all thought it would be nice, and they all were wrong. We need to realize that it is not going to be this type of world we are not going to have a world that's going to be in the metaverse, not anytime soon at least.

Matrix was a world where humans were used as crops and their mind was in some simulation, trying to put people into metaverse and live there doesn't seem healthy to me at all, you would know the real world, but you would reject it and lived in the meta world you created, I would say that is risky and not too real.

It seems to me that the world is heading towards complete digitalization. What Matrix (the movie) showed us, could not be far from becoming a reality soon. Constant wars, economic instability, and a persistent health crisis (because of the COVID-19 pandemic and other diseases) will make us more isolated and away from reality. Everything will live in the "virtual realm" whenever you like it or not. Digital Real Estate, Tokenized Real World Assets, and the Metaverse are the way of the future.

It may not make sense today, but it will in the long run. I wouldn't invest into digital real estate as the industry is still immature. Everything is overhyped these days. Give it some time, and it could become a part of our daily life. The future is widely unpredictable, so we can only hope for the best.

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

Abiky

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Quote from: sana54210 on October 16, 2023, 12:14:50 PM

Of course it doesn't worth anything, people are making stupid decisions, just like all those who spent hundreds of thousands of dollars on NFT's that worth less than a thousand dollars today, they all thought it would be nice, and they all were wrong. We need to realize that it is not going to be this type of world we are not going to have a world that's going to be in the metaverse, not anytime soon at least.

Matrix was a world where humans were used as crops and their mind was in some simulation, trying to put people into metaverse and live there doesn't seem healthy to me at all, you would know the real world, but you would reject it and lived in the meta world you created, I would say that is risky and not too real.

It seems to me that the world is heading towards complete digitalization. What Matrix (the movie) showed us, could not be far from becoming a reality soon. Constant wars, economic instability, and a persistent health crisis (because of the COVID-19 pandemic and other diseases) will make us more isolated and away from reality. Everything will live in the "virtual realm" whenever you like it or not. Digital Real Estate, Tokenized Real World Assets, and the Metaverse are the way of the future.

It may not make sense today, but it will in the long run. I wouldn't invest into digital real estate as the industry is still immature. Everything is overhyped these days. Give it some time, and it could become a part of our daily life. The future is widely unpredictable, so we can only hope for the best.

sana54210

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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.

Of course it doesn't worth anything, people are making stupid decisions, just like all those who spent hundreds of thousands of dollars on NFT's that worth less than a thousand dollars today, they all thought it would be nice, and they all were wrong. We need to realize that it is not going to be this type of world we are not going to have a world that's going to be in the metaverse, not anytime soon at least.

Matrix was a world where humans were used as crops and their mind was in some simulation, trying to put people into metaverse and live there doesn't seem healthy to me at all, you would know the real world, but you would reject it and lived in the meta world you created, I would say that is risky and not too real.

Xal0lex

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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.

There was never any attractiveness there, there was hype and general hysteria. Then these same investors who put their money into this type of asset realized that it was an extremely unreliable investment. Digital property is too young an asset and people don't see any utility in it, just a banal desire to get rich quick. I recently read about a stablecoin that was backed by digital real estate and the stablecoin lost its peg to the dollar and fell in value by 50%. This type of asset is not yet ready to be taken seriously.

AmoreJaz

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Quote from: GreatArkansas on October 15, 2023, 05:48:18 PM

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

(....)
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 really do not agree with this. This is all connected with NFT. During NFT hype, there are a lot of platforms that already have this but then again, failed.
So for me, since it is tied with NFT, it will be also in the hands of NFT if it will be succeded, we all know how NFT market really crushed during this bear market and still not sure if it will recover.

sooner or later, these investors will wake up to the reality that digital real estate would be another waste of their resources. i am also not seeing valuable reason why you need to buy one on this type of investment. or we may be missing something here?
just like NFT, how could they be spending thousands of dollars that you can't really own? digital property? it can go poof at instant.

avikz

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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 just another non-sense simulator JPGs being sold as NFTs. No point! Only the issuers are getting richer and the buyers have nothing to do after buying.

Internet has become more addictive than Cocaine nowadays. These web3 companies are just cashing out the addicted generation. Absolutely makes no sense! Whoever are investing into such kind of things, doesn't really know the value of money and what it takes to earn money.

abel1337

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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.

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.

GreatArkansas

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

(....)
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 really do not agree with this. This is all connected with NFT. During NFT hype, there are a lot of platforms that already have this but then again, failed.
So for me, since it is tied with NFT, it will be also in the hands of NFT if it will be succeded, we all know how NFT market really crushed during this bear market and still not sure if it will recover.

Silberman

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Quote from: danherbias07 on October 15, 2023, 09:10:11 AM

It will be worth it in a game but never in things like a form of art or something else.
In-game that is popular, an NFT to be precise, needs to be popular like I said so that demand will come. I remember playing Plants Versus Undead and there's a need to buy land so that you will get more profits than those who play free with just one land that is given and they are also limited on how much plant they can grow. By buying land you can put more seeds and plants and they will earn something for you in return which means more profits as long as you always check them so you can reap the rewards.
I forgot how much the price of each land was back then but I know it is expensive because I could not afford one before, if I am not mistaken it was priced in the range of $1000 - $2000 per land.
Is it worth it? No, because as soon as the game starts to get old and many investors are getting frustrated they will sell and get out, and without buyers, it will be a big problem for the market circulation. That is why I said it needs to be in the trend/popular because there must be a nonstop trend so it can survive it's value.

As useless as it may seem to us, there are indeed some people that are willing to spend a lot of money in a game, so digital real estate will make sense for them, if my memory does not fails me this is not new at all, second life a video game released on 2003 has allowed transactions of user created items and property from the very beginning and it is a game that it is still available today, so I think there is a market for this, even if I will never participate in it.

Abiky

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Quote from: MAAManda on October 12, 2023, 03:03:25 PM

It has no future, everything in crypto apart from Bitcoin and Ethereum is a hype, we have seen how prices soar when the hype of NFTs, Memecoins, Metaverse, P2E, M2E to AI works.

Is all this long-lasting and sustainable now? The answer is no, so be wise in choosing something, there's no harm in buying digital properties, but buy at the right time, LOL.

2 images of land prices attached by @X-ray I think have interpreted your question, mate @Abiky.

Everything is hype. Unless the government gets involved in digital real estate, I don't see this going anywhere soon. Same goes for NFTs and RWAs. The ones who ultimately win from this craze are none other than whales, developers, and NFT creators. Ordinary people will end up getting "rekt" in the long run.

I'd expect both Decentraland and The Sandbox's popularity to decline over time as investors move on to the next big thing in crypto. First it was NFTs, then the metaverse and AI, then "meme" coins, and now digital real estate. I wonder what will come up next? Cheesy

forexandcryptoauditor

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From my point of view, digital real estate will not have any value in the near future. It is kind of hyped at the moment showing similarities to NFT. Artwork and currency are tradable digitally and also have value. On the other hand, not sure what will be the utility of digital real estate. I mean when we say real estate, it would be always a physical asset and one can't imagine it digitally.

danherbias07

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It will be worth it in a game but never in things like a form of art or something else.
In-game that is popular, an NFT to be precise, needs to be popular like I said so that demand will come. I remember playing Plants Versus Undead and there's a need to buy land so that you will get more profits than those who play free with just one land that is given and they are also limited on how much plant they can grow. By buying land you can put more seeds and plants and they will earn something for you in return which means more profits as long as you always check them so you can reap the rewards.
I forgot how much the price of each land was back then but I know it is expensive because I could not afford one before, if I am not mistaken it was priced in the range of $1000 - $2000 per land.
Is it worth it? No, because as soon as the game starts to get old and many investors are getting frustrated they will sell and get out, and without buyers, it will be a big problem for the market circulation. That is why I said it needs to be in the trend/popular because there must be a nonstop trend so it can survive it's value.

Yey09

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I think that pixels is the worst investment. They usually too centralized and depends on developers. There are a lot of better options to invest

Magic-Money

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The world is gradually moving into digital assets, which is digital real estate investment is acceptable as long is recognize by Blockchain technology in the ecosystem, which every crypto users can have access towards it and own per a particular person, which is applicable with NFTs assets. Since is accepted, it can as well be useful in the future values.

JeffBrad12

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honestly I could only see value of these digital properties if it gives consistent passive income, the NFT land of many blockchain games back then was promising consistent token rewards for the holders thats why it has some value, but right now considering that all those tokens are not really having any value then I can guess that those NFT land aren't really worth anything anymore.
like many have stated it could be pretty much just price manipulation, with land NFT you see its easy to manipulate, since the NFT aren't really that much.
but i could be wrong, maybe people just really want to own this so called digital property so much who knows.

OgNasty

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When it comes to real estate in the metaverse, I think we’re currently seeing the lowest prices since the NFT hype began a few years ago. That usually means the people who are buying NFTs now will end up holding worthless assets in the next cycle, or they’ll be the next set of people you read about getting rich. Might not be a bad time to dabble a little with out of flavor NFTs and the like.

Yamifoud

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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.

That is hype and the same thing happen to other, it is slowly fading away and developers carry the money of their investors. We only have two possible results upon investing in this project and that is to lose our money and regrets.

People should avoid investing like this as they are very vulnerable to becoming scammed and giving nothing to the investors aside from disappointments and tears. Research should be done first and we should have to think about what will happen in a project that never has market potential. In fact, NFT show us already and the results are not the thing that we wanted to see.

o48o

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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.

When we are talking about decentraland, it's not "like" nft, it's nft. It might have value in the future, if that platform gets adopted by huge amount of people, that's why people are buying them.
My guess is that it's not. There has been virtual collectives before and every time they stay more or less niche sites.

I totally understand why people would suspect that ntfs in decentraland could have value, but they don't seem to get that cryptos and nfts are too confusing to people. And they might get adopted other ways, like via reddit avatars ect. Not habbo-like virtual places. Those have existed for a long time without nfts and people have bought things in them without nfts, so naturally they buy nfts too.

Topic: Digital Real Estate: Is it worth it? - page 5. (Read 866 times)