NEW YORK – The next iteration of the internet is here and it’s called the Metaverse.
These are essentially digital platforms with places where people can flock and experience life in virtual reality.
Some see it as a new frontier with the possibility of owning real estate there.
The concept of owning real estate in the Metaverse is both simple and surreal: you buy and own real estate, but it happens in a virtual world.
“It looks a bit like real estate in the form of a digital video game,” said Andrew Kiguel, CEO and founder of Tokens.com.
Kiguel invests and builds Web 3 businesses and owns “real estate” on the Decentraland platform.
“Decentraland has approximately 45,000 packages available for processing,” Kiguel told Chris Wragge of CBS2. “There is a fashion district, a games district, a museum district. There are parks, rivers and different areas. “
The platforms are designed to be used on any device, so no VR goggles are needed.
Experts say the main purpose of owning a property in Metaverse today is advertising and special events. One example is the virtual fashion show and shopping in the newly built Decentraland building.
A real estate owner could theoretically charge a rent for the use of space by monetizing his investment. Kiguel says that thousands of people attended the event, and interest is growing overall.
“Last year, visitor traffic in Decentraland increased by 3,300%,” he said.
Real estate purchases are made in cryptocurrencies and prices vary by platform and package. Some cost the equivalent of tens of thousands of dollars.
For example, there are 64 billion packages for sale on Superworld, and some cost up to $ 200.
“What you are actually buying is virtual earth that covers the surface of the Earth anywhere on the planet,” said Hrish Lotlikar, Superworld Co-Founder and CEO.
Lotlikar says the platform structure is basically a virtual overlay of the Earth, dividing it into blocks.
“People know where they live … they know where they are going on vacation, they know where they are doing business,” he said. “They come to Superworld, buy those virtual property locations that correspond to places in the world that are unique to them.”
It is speculated that more popular venues will eventually increase in value, but as with any investment, there are risks.
Corby Pryor, founder of the Metaverse Infrastructure Company, explains: “When you buy a Metaverse property, you are really betting on the platform’s success and your space on that platform will be used by many. “
Pryor owns real estate on another platform which he says he has no plans at the moment and knows the future may be uncertain.
“The downside is that your investment goes to zero,” he said.
“There is only a certain allocated space and if you want to be a part of it you have to buy it,” said Claudia Pryor, Metaverse Creative Coordinator.
Costa is one of a growing number of women leaders in this industry. She also owns the Metaverse real estate.
“I bought it as an investment and also helped some of my friends who are up-and-coming fashion designers or artists to use it as an exhibition space, for example,” she said.
He says it was a lot cheaper than getting a store on SoHo, but the value today and long term is relative, especially in the uncertain cryptocurrency market.
“The bubble burst was a good thing because there was a lot of noise and a lot of things… of no value,” said Pryor.
Snoop Dogg and Justin Bieber were the first Metaverse real estate investors, and even in the virtual world, celebrity neighborhoods will always be more expensive.
Chris Wragge is a co-author of CBS2 News This Morning and CBS2 News at Noon with Mary Calvi.
John Locke (1632-1704) is widely regarded as a symbolic advocate, if not creator, of “self-ownership” – the idea that people have pre-institutional property rights to their person and the products of their work. 1. Indeed, Locke made a characteristic statement of this view: “every man has Own Own …
What is the sovereign individual book about?
The Sovereign Individual explores the social and financial consequences of this revolutionary change. It is our desire to help you seize the opportunities of the new age and avoid being destroyed by its influence.
What does Jacob Rees Mogg mean?
Rees-Mogg’s political views have been described as High-Tori, reactionary, traditionalist, nationalist, socially conservative and right-wing populist, although he rejected this description, claiming to be in favor of “popular rather than populist politics.”
How old is Jacob Rees Mogg? Read also : Inked: Recent LI real estate deals.
How many pages is the sovereign individual?
| Hardcover first edition cover | |
|---|---|
| Author | William Rees-Mogg and James Dale Davidson |
| Date of publication | August 26, 1999 (test edition) |
| Media type | Print (hardcover and softcover), e-book, audiobook |
| Parties | 448 |
When was a sovereign individual book written? The purpose of this article is to review / summarize the book The Sovereign Individual, written in 1996 by James Dale Davidson and William Rees-Mogg. See the article : Kohl’s says a real estate sale is on the table after scrapping the deal negotiations. At a high level, The Sovereign Individual (SI) tries to predict the effects of the information revolution.
Do I legally own myself?
You are not the owner in any legal system in the world. See the article : Real Estate Complies With SEC Climate Disclosure Proposal With Strong Criticism. (The closest legal precedent in US law, which can be interpreted as promoting self-ownership, has to do with copyright: celebrities use their image for commercial purposes at least to some extent.)
Does the person have themselves? Self-possession, also known as individual sovereignty or individual sovereignty, is the concept of self-ownership, expressed as a person’s moral or natural right to bodily integrity and to be the sole controller of their own body and life.
