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Draxxon

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Metaverse Real Estate Piles Up Record Sales in Sandbox and Other Virtual Realms - WSJ

 

That interest reached a new peak on Tuesday when Republic Realm, a firm that develops real estate in the metaverse, said it paid $4.3 million for land in the world Sandbox, the biggest virtual real-estate sale publicized to date, according to the company and to data from the website NonFungible.com, which tracks digital land sales.

 

Republic Realm bought the digital land from videogame company Atari SA and the two firms said they plan to partner on the development of some of the properties.

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So, I guess this is old news, but I haven't seen anything on the forum. If this is posted elsewhere, I'm sorry.

 

 

Edited by Draxxon
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Atari Virtual Casino and crypto currency as well. I gotta say, it makes better sense.

 

As a HUGE gamer, people always ask me if I would like to have my own arcade. I say no, I would rather have a room full of gambling machines.

BTW, I figure your being sarcastic, but I agree, for real. A crazy futuristic hotel makes sense in VR. I wondered how the virtual casino was going to work in a real hotel. Or who would want Atari Crypto. (Should we buy some now?)

 

If VR worlds are going to be a thing, I'm not mad if Atari makes one. All the stupid shit they have been doing lately would work here. I personally don't like gambling, simply because I don't find it fun or entertaining. I don't have any issues with it, I hope Atari makes money hand over fist in a VR casino off of the gamblers. Why not?

I gotta say, this MetaVerse type of shit in general looks an awful lot like any run of the mill 3D video game world with NFTs. It may take off, but it doesn't look new or revolutionary to me.

Edited by Draxxon
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definitely just buzzwords, I agree.

 

although, I don't see it as a fad.

 

I predict NFTs get incorporated into lots of video games. With gamers farming NFT items to sell.

The MetaVerse stuff is hard to call. Maybe it will be like the Wild West for a while. Like how the original internet was. And once most people are on it, the powers that be will clamp down on it and monitor it all. And you will have to be on it to work and stuff. Same as the regular old internet.

 

....or maybe people won't want to wear VR Goggles all day???

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1 hour ago, Draxxon said:

definitely just buzzwords, I agree.

 

although, I don't see it as a fad.

 

I predict NFTs get incorporated into lots of video games. With gamers farming NFT items to sell.

The MetaVerse stuff is hard to call. Maybe it will be like the Wild West for a while. Like how the original internet was. And once most people are on it, the powers that be will clamp down on it and monitor it all. And you will have to be on it to work and stuff. Same as the regular old internet.

 

....or maybe people won't want to wear VR Goggles all day???

I'm going to seem like a crotchety old man, but I'm not getting involved with the VR space (metaverse, NFTs). Once modern gaming goes there mainstream, I'm done.

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I agree, buddy. I'm okay with traditional VR games. But the idea of a VR/SocialMedia world that could be used to control people in the long run is pretty scarry.

 

When I first saw in my head what could be coming, it made me really sad to think that Video Games was the gateway to it all.

Like most new technology, its seems to be a double edged sword. Like, it would be fun to run around Outworld in VR and challenge Shang Tsung to a fight, win the Shinnok's Amulet NFT and sell it on ebay. But, I can also see how the MetaVerse could become a thing where you will need it to work, shop and interact with others. Similar to the traditional internet. Digital Land/property for sale now? that is kind of nuts. I guess you would have limits to how many "places" are in your digital world. So, do we have to walk everywhere in VR world? We can't just hit start and pick and teleport? Will they sell digital cars to get around the digital world faster? 

 

I also have to wonder... we are just now learning of some of the negative effects of all of our online tech. Who knows what kind of bad shit comes with a life in VR. Bad eyesight, obesity and migraines instantly come to mind. Who knows what else.

 

But in the near future, if you have to choose. Are you going to play a new game that is traditional or a new game that has potential NFTs you could find/win and sell? It seems like it could be marketed as a reward for spending countless hours in your mom's basement as items have real world value.

 

As far as crypto, I'm all for decentralizing currency. but for digital baseball cards and artwork, etc. GTFOH. They just found a new way to market and sell digital (not real) items to people. At the end of the day, people will pimp this stuff out and try and make the most money off of it and use it for the influence and control of people. 

 

 

Edited by Draxxon
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2 hours ago, MrMaddog said:

Stupid question but will this be like a GTA-style open world you run around in with ties to actual cryptocurrency?

 

Honestly I'm more impressed with the Matrix Awakens demo...

 

 

no clue. will you even need 3d vr goggles or can you just play it on a screen? I have no clue, but I can see how not just atari, but lots of companies will do this. The Sandbox, Decentralland and even minecraft with their virtual concerts are just a couple metaverse worlds right now. Im guessing a shit ton more are gonna pop up.

now if I can speak out of my ass for a second, as I have zero clue what Im talking about... I dont understand how NFTs are bad for the environment. Heat from all the PC running the blockchain? Surely that cant be that large of a planetary issue compared to all the other shit humans do. maybe im wrong and if there are quadrillions of NFTs being powered in the future it WILL be a problem. Its all crazy and makes me feel old, which is fine. but, I dont want to be out of touch yet. im only 43. lol.

Edited by Draxxon
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