Portland, Oregon (KPTV)-In the “Metaverse” under development, millions of dollars have been invested in virtual real estate around the world, but there’s still a lot to say about what this emerging world will look like. I have a question.
According to the people involved in its development, Metaverse is a network of 3D worlds that people explore using virtual reality headsets.
Investors in this area expect people to interact not only in these worlds, but also in the surrounding virtual worlds, as they have already done in role player video games.
Brandon Brown, an investor in virtual real estate, built a virtual community called White Sands based on the idea that people want a place they call the Metaverse’s hometown.
“At the end of the day, once you’ve defeated the dragon, you can go to the cinema, go to the museum, actually go to the White Sands and get your own virtual. Home,” Brown said. “And in essence these are clifftop mansions, where people can invite people while having digital ownership of this property, basically everything they do in the real world except sleep and food. You can do that. “
People can buy virtual real estate in Brown’s community through a website called High seasReal estate prices can range from thousands of dollars to millions of dollars.
“Now we are in what I call it like a modern gold rush,” Brown said.
However, some experts in the industry say there is a reason for buyers to be careful. For example, the value of cryptocurrencies used to buy virtual real estate fluctuates. This opens up the possibility of a so-called “pump and dump” scheme in which traders artificially raise the price of a currency with misleading information and sell the stock before the value of the currency collapses.
Online users also report bugs and glitches during their virtual world experience.
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