Metaverse Land: What Makes Digital Real Estate Valuable - a16z crypto

Virtual LandNFT virtual land is an ownable area of digital land on a metaverse platform. These pieces of land are similar to Minecraft where the user has the freedom to be creative, except the digital land is completely the users, unlike Minecraft where Microsoft owns users’ creations. When having digital land completely owned by the users the user... See more

Something similar is currently happening in the virtual world. Online scarcity is possible. Virtual land can be valuable if it provides exclusive access to a unique flow of economic opportunities — in the same way that a domain name can be valuable. As such, virtual land can indeed be scarce. But the fundamentals are tough to read, the number of ne... See more

Katie: Excited about people building on decentralized virtual land. There are virtual real estate agents doing this as a full time job. If you think about the metaverse, it is a generational moment. There's a generation more comfortable spending time and money in the digital world than in the physical world. Roblox has bags that will sell for more ... See more