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Buying Land in the Metaverse | Bloomberg Crypto
Posted
November 29, 2022
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149
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November 29, 2022
149
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39.60%
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19:05Now PlayingFor a while, there was a real buzz around owning land in the metaverse. As one theory went, Millennials and Gen Z’ers who’d given up on being able to afford a physical property would splurge on a virtual one instead. Well, it’s not quite turning out that way.
Despite the hype - and investments by everyone from Snoop Dogg to the Bajan government - owning property in the metaverse so far hasn’t turned out to be a winning investment. Bloomberg reporter Carly Wanna joins the show to discuss why some are still betting on virtual property despite falling prices and declining user activity.
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