Magazine "Wired": Yog Yuan Universe Real Estate "Nan Ke Yi Meng"?

Acknowledgments by Decentraland

After Facebook changed its name to Meta, ads on virtual real estate appeared. Traders buy land in the virtual world, sometimes for millions of dollars. They believe that the oil should be hidden in the mountains of the metamonde.

Have you ever thought that everyone is spending money to buy a virtual home? It may in fact be a representation of profitability.

However, the words we used to refer to this new level of technology (eg less development) helped cover the facts close to the early movies and the water pump.

However, descriptions of these new levels of technology that describe virtual real estate as a development site only serve to illustrate that virtual real estate is like the cinema.

story

Just months after the rebranding of the Facebook brand, the discussion of the “meta-edge” had a huge impact. Almost everyone describes the "meta universe" as a virtual world, and in fact does not exist in a virtual world as we call it. "Internet" services such as Meta's Horizon World and Microsoft's Mesh are simply independent VR applications that do not interfere with each other.

Such behaviors can make people emotional. For example, if a business claims that a virtual reality app, video game, or social platform is part of a “metamonde,” then that particular app could be a virtual future. where it's happening. It seems like the real thing is the future and Google Glass is the future because Google Glass is an AR product.

With this potential impact, posts everywhere, from passionate crypto sites to "Business Insider" and "The New York Times" are touting a "virtual land boom" selling 116 parcels of Decentraland for $ 2.4 million on it. Because investors invest millions of dollars in virtual space. In this article, executives from the Metaverse Group (a company that calls itself "virtual real estate") explain that buying land on the "Metaverse" is similar to buying real estate long before you grow up in Manhattan.

In fact, platforms like Decentraland or Sandbox sell NFT-based tokens that point to the location of the map in a particular virtual world, but these sites do not interfere. Dan Olson, a video writer who has covered a wide range of experiences and sports online, from the "Fortress Night" digital concert in Flatland and QAnon, is currently exploring the cryptocurrency region, told WIRED Say: Sell ​​their tokens so that they can generate them on their site. So you buy the service. "

In other words, buying "houses" on these platforms is the same as buying real estate in Manhattan, but in this world anyone can create an endless supply of trading and tracking in Manhattan. This means that the only reason people buy Manhattan is because it works better than others.

For the most part, these platforms are similar to modern video games. The player uses a mouse and keyboard to control a customizable 3D avatar (no VR or AR here) and works in a virtual environment. The debate over whether global relations is seen as a static film as a discussion of the 'second life', but no matter how to identify it, one of the major innovations is the use of NFTs and cryptocurrencies in the virtual world.

Decentraland supporters use NFTs to make landfall in a world of scarcity and profitability. You can own land, and depending on the needs of the site, the price of the land increases, when you can sell the land. Alternatively, you can rent a location in your area for listings that want to advertise, host events and have a share of the sales, or open a digital store for users.

Not only investors but also social media use real estate terms to describe this phenomenon. According to a report from Tokens.com (50% owned by Metaverse Group), the company has completed a "digital transformation" of the Decentraland tower. "Construction" of a plot by the Metaverse group.

However, this is unusual for describing the process of designing a 3D model or virtual environment. As software engineer and cryptocurrency skeptic Stephen Diehl explained to WIRED, the message has more to do with creating a story than just describing the technological process. “People need an explanation,” he said. “The story of buying something in a new skyscraper or a new house is wrong because you are buying a block of computer numbers. "

reality

Approved by Eric Ravenscraft of Decentraland

Decentraland is a browser-based service that has been selling virtual land since 2017, but the virtual world itself was released in February 2020. Inside, it still remembers the games at first. The first lobby that novice users enter usually has dozens of players hovering over them and many not moving at all, but the map only shows a small group of players around several important locations at a time, while many don't move at all. others are empty spaces.

Decentraland's Fashion District, which occupies a large area to the west of the map, is separated by a street in the middle. Many of these areas are covered with premium building materials, especially the line of houses that follow the Vienna Graben style. Digital advertisements for brands such as Chanel, Dolce & Gabbana and Tommy Hilfiger hung on both sides of the building, but players were not allowed to enter. There are no stores here, nothing to click or buy, and it's unclear if these brands agree or know their brand and design.

This place is not like a new store, like a store, it's like a movie situation. It will happen there, but it is not a frontal current. 116 plots, valued at nearly $ 2.5 million, just south of the entire purchase. In view of the current situation, it is a ghost town.

The places are different in amazestland is a store, but it's just a wide market. Some of the actor showing the NFT performs such as a product of a solid arguments, and they could not be able to be in it, but they cannot be self. Instead, it is redirected to other external tabs, and you can adjust the product (usually one of the most convenient access to your website.

“It's very old,” says Olsen. “It's a negative assessment of the concept of 3D networking after the 1990s. .Com is more authentic, it will be more fun. It's true, but there is more to it. disadvantages, ”he said.

Approved by Eric Ravenscraft of Decentraland.

While Decentraland can attract luxury fashion products and set up stores in the virtual world, those stores can only be used if they have a consumer base. But it is difficult to know how many people work at Decentraland. Real-time online user tracking back when I was there rarely saw more than 1,600 users online at the same time. However, the game does not show players who have been overlooked for too long. I'm online and never get distracted when I'm working day and night. This makes it difficult to know how many "active" users you have. This is usually the case if you exit the tab after opening it.

The game itself (no good words) is problematic and the controls either don't work or don't exist. In Decentraland, players can chat with any neighbor using voice chat, but that doesn't work much as there are quizzes in the filter that limit it to "Friends only". . If you block the user, this information will not appear in the chat, but their 3D models are already in place and nothing is preventing them from following you.

A bad filter will detect some bad speech in the chat and publish the list (even if the user doesn't use the filter some bad speech will be censored), but users can also pay NFT to get a special avatar name. There is an additional "# 1234" tag at the end.

According to Decentraland Stores (which also list NFTs that are user-friendly and are not currently sold), many players now have NFTs that have complaints. Four have the N word, two F words, and one has two words. Since these are NFTs, they can be traded or sold like any other NFT. At the time of this writing, the name "Jew" was selling for US $ 362,000.

In classic games, you can expect the developers to block users themselves or block incorrect usernames. However, Decentraland would be managed by a decentralized autonomous organization (or DAO). Using half of it uses “smart contracts” to achieve a certain performance following the vote of members of the community who own Decentraland financial products. The more money a member invests in foreign currency or land, the more he has the right to vote.

One of the smart contracts contains a list of restricted names that can be changed by a community vote. In one case, communities voted to ban the name "Hitler". The vote failed and the vote was rejected because it was 51 to 15 but the vote did not reach the sufficient vote.

According to Decentraland's December 6 blog post, a vote was taken to add the "N" word to abstentions. As the term can still be seen in the Decentraland marketplace, it is not clear whether it was used or if it applies to NFTs that have already been rejected.

In the future, luxury brands will create stores in the virtual world, allowing users to browse their stores as if they were shopping in real life. But among the software issues, the minimum user base, and the system in which users can buy and sell malware, only regulatory authorities can stop this.

But the traders think they can make some money here.

money

The main support of Decentraland is that users can "buy lands" in the game, but the process of doing so is very difficult. Users cannot directly purchase Regular U.S. Dollar Land Tokens. Most of them aren't even available for purchase with Ethereum, essentially a Bitcoin alternative. Exchange, Decentraland, like many cryptocurrency projects, has its own cryptocurrency, Manara, built on the Ethereum side chain.

Sidechains are complex, but in their simplest terms allow projects to offload tokens or data to a separate blockchain, which can have many functions on the mainchain (usually with low exchange rates). More importantly, although Decentraland is based on Ethereum, it means that the value of Mana is much higher than that of Ethereum.

Currently, the cheapest land in Decentraland typically sells for around 4,000 mana, which is close to $ 15,000 at the time of writing. After all, tokens aren't fakes, so when a user buys land, they own the assets until someone wants to buy special land. Mana, on the other hand, is flexible. This means that if a user has a lot of mana, they can sell those tokens to anyone who wants to buy mana, including any new user who can buy land.

Earth is very expensive, and the mana market is so small that you don't need a lot of exchange rates between the two. “Is the media changing the price of Ethereum? Yes, it can change the price of Ethereum,” Olsen explained. "But we know the prices, mana prices, and land prices are going to change."

This happens multiple times in mana. Two days after Facebook changed its name to meta, the value of mana, which is less than $ 1, jumped to $ 3.71. First, there are niche sites for cryptocurrency enthusiasts such as CoinDesk, followed by CNBC.

A few weeks later, on November 22, 116 “houses” in the Decentraland fashion district were sold for 618,000 mana. The next day, Tokens.com reported on the news on "the largest meta-space acquisition site in history," as reported by several cryptocurrency websites and Reuters and National Posts. At the time of publication, the price of mana was around $ 4.10.

Two days later, the price of mana rose more than 41% to an all-time high of $ 5.79.

Whether the Decentraland Hall becomes a profitable grocery store or a theater, the profit used to buy land is more than about five times its monthly value.

The increase itself doesn't indicate integration, but the rise of crypto pumps and waste management plans should at least be disappointing. On the day the value of mana hit all-time highs, the token trading volume reached $ 11.4 billion, far exceeding the market value of $ 2.4 million.

Maybe Decentraland or some other similar virtual world is the future of the internet. However, if the conflict is true, then a lot of money has been invested in the system, leading to the abandonment of the situation. The future of the Internet is in this unique place. Buy now and you could become Manhattan's next digital host. Descriptions of many "meta-world" projects like this would end up being ordinary people taking inspiration from it. beautiful story.

These stories are typically discussed via social media, company advertising, or social media, and the people who administer these posts will benefit the most. But, as Olsen explained, the audience for this story suffered the most.

“Their goal is the middle class. The middle class, feeling the financial crisis and its vanishing wealth, say the middle class is weak. This is a new opportunity for you, ”said Olsen. "You bet on the right coin, you bet on the right time. You only bet on the right monkey. You can win it and you can withdraw it."