Someone paid $650,000 for a virtual mega-yacht. I repeat: the yacht does not exist beyond a virtual world called “The Sandbox.”
Every time I see a story like this I not only think we need to rein this in, but also that taxing the rich isn’t enough; we need expropriation.
Every time I see a story like this I not only think we need to rein this in, but also that taxing the rich isn’t enough; we need expropriation.
Oh, that’s not even the extent of it. If you want a preview of what the metaverse will look like, this is it:
Virtual property markets defined by artificial scarcity that are already highly financialized and producing multi-million virtual real estate deals.
Virtual property markets defined by artificial scarcity that are already highly financialized and producing multi-million virtual real estate deals.
If you want to know more about why the metaverse sucks, you can’t go wrong with this episode of my podcast 👇
https://twitter.com/techwontsaveus/status/1456246348152442884
The future envisioned by the metaverse capitalists is so dystopian: democracy is based on ownership of land or currency, the currency fluctuates wildly in value, virtual “land” prices are already soaring, and renting that land is seen as a big opportunity. euronews.com/next/2021/11/2…
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