Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Abiky on October 12, 2023, 01:26:06 PM



Title: Digital Real Estate: Is it worth it?
Post by: Abiky on October 12, 2023, 01:26:06 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)


Title: Re: Digital Real Estate: Is it worth it?
Post by: Venik on October 12, 2023, 02:53:58 PM
I think it's just a pointless trend like NFT. I wouldn't try that out if I didn't have thousands of dollars that I could lose.


Title: Re: Digital Real Estate: Is it worth it?
Post by: X-ray on October 12, 2023, 04:44:35 PM
https://i.postimg.cc/FKLTWjR6/nynrtny.png


https://i.postimg.cc/vTQXZkzR/676b33n75.png


It's all hype. Digital real estate was just a non reality thing and it can also disappear anytime. I don't even understand why would people buy such scam and priced these scam things worth decent amounts of money? The price is always decreasing from time to the time.
No reason to buy this kind of product. NFT is all pure hype and everything in NFT related to the scam. It's a new way to scam people yet stupid people keep buy that shitty land which made me feel curious about that.

NFT is a hell no for people who has a normal sense. DIgital real estate will not have future. Once the game will disappear and land will be also following it as well.
This is reality.


Title: Re: Digital Real Estate: Is it worth it?
Post by: edmundduke on October 12, 2023, 07:14:33 PM
Digital assets are an amazing investment as long as you can get in on the family/early round and manage to sell as soon as public sale opens, ideally BEFORE the sale opens. For a medium or long term hold there is almost 0 value.
The only way you might play this out successfully is mayb buying at the lows of bear market and then the market explodes but thats nearly impossible.


Title: Re: Digital Real Estate: Is it worth it?
Post by: wheelz1200 on October 12, 2023, 07:29:06 PM
Digital assets are an amazing investment as long as you can get in on the family/early round and manage to sell as soon as public sale opens, ideally BEFORE the sale opens. For a medium or long term hold there is almost 0 value.
The only way you might play this out successfully is mayb buying at the lows of bear market and then the market explodes but thats nearly impossible.

So just another crypto pump and dump that's worthless and just banking on people's greed to drive a dumb price increase?

Honestly mostly anything related to nfts or things like digital land I just don't get the point.  What are you going to do with digital land.  Build a digital house so your digital family can move in?  I love crypto but some of the things that have come out of it have been beyond rediculous.


Title: Re: Digital Real Estate: Is it worth it?
Post by: MAAManda on October 12, 2023, 08:03:25 PM
Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

It has no future, everything in crypto apart from Bitcoin and Ethereum is a hype, we have seen how prices soar when the hype of NFTs, Memecoins, Metaverse, P2E, M2E to AI works.

Is all this long-lasting and sustainable now? The answer is no, so be wise in choosing something, there's no harm in buying digital properties, but buy at the right time, LOL.

2 images of land prices attached by @X-ray I think have interpreted your question, mate @Abiky.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Raflesia on October 12, 2023, 09:05:23 PM
It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

I don't think this expression is wrong because when I try to understand the form of digital real estate, it is just an updated condition of NFT but the scheme is the same.
This kind of hype will definitely continue to happen but the problem remains that this kind of hype will not last long. Even though they are promoting digital real estate, eventually there will be a new and better form and the project will be abandoned and the pattern remains the same with endless hype.

I like what you're saying because basically real estate and digital real estate will never be the same even if you claim it's ours but in the future it might be worthless unlike real estate where it's physically somewhere.


Title: Re: Digital Real Estate: Is it worth it?
Post by: goaldigger on October 12, 2023, 09:19:16 PM
This is like and NFT that has no real usage, so for me its too risky and not worth it.
If you are just riding the hype then this can be good but considering this as your investment I think its different already. Real estate are more known as a physical investment which serves as a place to stay with and with this digital real estate, I think its more about your imagination than the real things.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Silberman on October 12, 2023, 09:20:14 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
It depends on the kind of digital real estate we are talking about, there are some MMORPGs out there which allows you to have a piece of land and you can build what you want there, and since the number of those lots were limited they increased in value as the video game became more popular and you could sell them for real currency for a very high value, however when it comes to the NFT variation or something similar, I do not see any future to those digital properties and people should stay away from them.


Title: Re: Digital Real Estate: Is it worth it?
Post by: AakZaki on October 12, 2023, 09:23:16 PM
There was only hype when Metaverse was released, but look at how it is now, digital real estate or buying multiple locations on digital is not always profitable. this is even the same as NFTs which will ultimately be worthless and who will buy Digital Real Estate for thousands of dollars or more. The NFT market is increasingly quiet and what used to be very hyped with fantasy prices, is now abandoned and prices have even dropped a lot. What to expect when buying Digital Real Estate but not owning the original. It's better to buy the original and manage it, it's better.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Johnyz on October 12, 2023, 09:42:07 PM
It can be worth it once you have your different purpose and if you see a good project that have its potential. But remember, that the early adaption are way better than to invest late because the hype might be gone already and the risk of losing money is very high.

Physical real estate are way different to the digital at its serve its different purpose, if you think digital real estate will also boom based on your own analysis, then you can try to invest with it and focus on your own goal because at the end of the day, it is your decision that will matter.


Title: Re: Digital Real Estate: Is it worth it?
Post by: jossiel on October 12, 2023, 10:24:54 PM
Yeah, it's like NFTs.

But I don't think that it's a good investment when you're just going to have it as your asset and you won't be able to stay there unlike the real one.

I prefer the real one on this matter because just like the NFTs, they could also fall in value and that's a bad thing to watch out.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Wexnident on October 12, 2023, 11:07:17 PM
Uhm, what now? Digital property of what technically and what is it used for? If this was just legit "digital" and that's about it, man then this is just NFT alright. Heck the price bumps might just be the devs themselves buying their "property" so that they can boost the price up, which is what happens to most projects anyway. It probably wouldn't be far off till we see digital names being sold (jesus christ). Happens in games all the time but crypto devs are just a step bit too late most of the time with all their "innovative" ideas.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Dr.Osh on October 13, 2023, 01:07:27 AM
We don't know for sure what the future holds for digital real estate, but I also think that this is similar to what happened with NFTs, which only moved up because of the hype and might be abandoned later.
However, if one's goal is to invest in real estate, it would be great if it were real. What I mean by that is that he actually has ownership of the real estate and can use it offline. Maybe there are some people who think that this is a good investment and maybe they can take advantage of it, but for investments like this, I tend to choose to invest for real.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Husires on October 13, 2023, 02:14:12 AM
What gives real estate its value are the increasing demand for it, the limited amount of land, and the fact that it is something that can be used for purposes not related to speculation. If we say that digital real estate is in limited supply (which is something that cannot be proven) and there is an increasing demand for it, it cannot be used for purposes that are not related to speculation and investment. Therefore, real real estate is the best. Because ownership of the property is legally protected, subject to tax, and can be transferred, while the digital property may not have the same protection that real estate offers you.
Is it reasonable for me to pay a million dollars for a digital property?


Title: Re: Digital Real Estate: Is it worth it?
Post by: cryptoaddictchie on October 13, 2023, 04:52:12 AM
Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
Cant vouch for that as many users got burned having land on axie way back some have multiple million amount but now its worth -99% of that or lets just say unreal value since no one is buying. Cant say for some other virtual land with continous development maybe there are different opinions for this and it will really depend on the usage of that. But if its me, the real estate is the best when its come to investment cause its tangible and have real and back value. Unlike digital that works like nft which liquidity depends on buyers demand.


Title: Re: Digital Real Estate: Is it worth it?
Post by: yazher on October 13, 2023, 06:31:00 AM
Honestly, I don't really want to engage in such kinds of investment I rather gonna buy some agricultural lots if I have that huge money in my hand and will just gonna plant some crops in order to multiply my earnings. This is not a concrete investment where you can be assured you won't lose your capital and will gonna multiply your income in the next years because all of a sudden when something goes wrong or a new trend is introduced in terms of investment in the crypto industry, people will forget about it because they don't really give any benefits in the first place.


Title: Re: Digital Real Estate: Is it worth it?
Post by: edmundduke on October 13, 2023, 06:34:05 AM
So just another crypto pump and dump that's worthless and just banking on people's greed to drive a dumb price increase?

Honestly mostly anything related to nfts or things like digital land I just don't get the point.  What are you going to do with digital land.  Build a digital house so your digital family can move in?  I love crypto but some of the things that have come out of it have been beyond rediculous.

Pretty much yeah. Just like 99.99% of everything crypto related.
The only real utility from digital assets i have seen so far is for games that use NFTs as assets. It works wonderfully for collectable card games as you can trade the cards much easier onchain. Its a very limited use case but it is there


Title: Re: Digital Real Estate: Is it worth it?
Post by: tuoilozxiwntao on October 13, 2023, 08:21:00 AM
There won't be a need for digital real estate. I think it's sufficient to encode it for easy exchange and transactions. What you're mentioning is just part of the trends in GameFi and NFTs, and whatever happens, everyone is probably aware of it.


Title: Re: Digital Real Estate: Is it worth it?
Post by: bakasabo on October 13, 2023, 08:26:54 AM
I think that digital real estate isnt worth spending money on. First of all, you basically buy nothing. Just pictures, numbers and etc. Same as altcoins, NFT and etc. So why no buy something that is more demanded. Second reason - digital real estate is closely connected with virtual reality. Right now it isnt the most popular and affordable thing. Investing in it today with a hope that in future its value will grow? I think there are to many if and underwater stones on that path of it.


Title: Re: Digital Real Estate: Is it worth it?
Post by: bluebit25 on October 13, 2023, 08:34:15 AM
IMO, it has real potential but what has been shown in this market is mostly hype with only a few bringing value to users and the rest most developers follow that hype and turn it into reality. become a trend according to many people's concepts.
The NFT and P2E field is a big piece of cake that I believe many developers will exploit, I am also someone who follows some of the top performing games like CSGO, PUBG, LOL,... I really have I'm surprised that some accessories in each game are so valuable. So it's not until their products create their own environment to attract users, and in the crypto environment there are some things that do quite well, but the big problem is still the valuation value based on that. What makes them work? I have a little speculation that there will be other hype in the future regarding digital real estate, whether it is worth it or not is the answer for us to decide, it may be that it is not popular yet. Looking at the way Meta (facebook) is doing I think this will be a field in the future.


Title: Re: Digital Real Estate: Is it worth it?
Post by: taunt28hg on October 13, 2023, 09:29:36 AM
They have mispriced the value of digital real estate, even NFTs have been overvalued, and now I believe it's genuinely challenging to regain a position in terms of market share and trading volume during the upcoming uptrend.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Supianto on October 13, 2023, 10:20:59 AM
They have mispriced the value of digital real estate, even NFTs have been overvalued, and now I believe it's genuinely challenging to regain a position in terms of market share and trading volume during the upcoming uptrend.


It was just overpriced. partially because of money laundering and artificial price change. It seems like those markets suffer from that more than others. Or maybe I'm just not buying shitcoins.


Title: Re: Digital Real Estate: Is it worth it?
Post by: quachcuong192 on October 13, 2023, 10:30:41 AM
I think it has failed in the world of cryptocurrency, its price has been inflated beyond reason. You can't even fathom what you would need a virtual piece of land for, right? It's like a child's game, and this market is the same - if you invest early, you profit, and if not, you don't. Never put all your eggs in one basket. I'm not sure if it can reach an all-time high (ATH) in the coming season or not because it's a game played by market makers.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Natalim on October 13, 2023, 10:46:01 AM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
The question is who are these investors? I'm not sure but all of these surprising trends seem to be a sort of price manipulation. I was sure that those people who do research will never fall into such a project that we are not sure or even have insights that could stay long and become profitable. I'd rather choose Real Real Estate than be a fool into a big-looking scam.

Just like the other projects that don't have a use case and reliability will never be sustainable and end shortly.


Title: Re: Digital Real Estate: Is it worth it?
Post by: zasad@ on October 13, 2023, 12:34:01 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
The Decentraland and SandBox projects come to my mind.
If I were to invest, I would buy tokens of these projects. But in order to buy NFT real estate tokens, you first need to play this game and understand the real demand for such goods. Because the trend may change and, unlike project tokens, NFT tokens cannot be sold.


Title: Re: Digital Real Estate: Is it worth it?
Post by: @sriyan on October 13, 2023, 01:37:57 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

If we can map or backed the real state nfts to actual real state thing, then there is some value.  We can share the profits from the real state.

Eg : Metropoly Project


Title: Re: Digital Real Estate: Is it worth it?
Post by: mindrust on October 13, 2023, 01:50:01 PM
This must be a joke. In case you are serious, no digital real estate isn’t worth anything. Real estate has an intrinsic value. You can live in it, build on it, farm it etc… What intrinsic value does digital real estate have? Nothing. You can’t live in it, you can’t build anything on it, you can’t grow anything on it… It is totally useless other than doing speculations. If anyone is dumb enough to pay for these scams, they should look into the nft markets first. As you know NFT market (which is as dumb as the digital real estate market) is now dead. If you want to be a bag holder of digital bits go ahead buy digital real estate.


Title: Re: Digital Real Estate: Is it worth it?
Post by: |MINER| on October 13, 2023, 03:59:44 PM
Based on the hype, if digital real estate is an investment, I'd say it could be worthwhile. Because if we see that currently meta verse is creating a lot of hype, according to many peoples , meta verse can create a huge market cap in the future. Even then I have doubts about it. However, in today's era of digitalization, these virtual projects often generate good revenue. If we see that currently the market cap of video games has exceeded billions. So in the future I think meta verse can have a good success so I also think in some cases Digital Real Estate Business is worth it.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Bobrox on October 13, 2023, 06:48:07 PM
Looks with digital real estate have the same worth with NFT and I don't sure will profitable when investing there, we know about reputation of NFT despite change mode name as digital real estate but they have the same function. Be aware if you want to try make investment with digital real estate although seems promising with name but not difference function yet between digital real estate or NFT. Just awhile popular only how ever bid offer selling on market but not guarantee keep defend for long time on higher price, enough how bad experienced thousand kinds of NFT price drop drastically and looks as place for money laundering with NFT project.
Its smart ideas for NFT developer, they try with digital real estate name worth and more interested to get many investor for purchasing their NFT.


Title: Re: Digital Real Estate: Is it worth it?
Post by: o48o on October 13, 2023, 08:25:10 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
When we are talking about decentraland, it's not "like" nft, it's nft. It might have value in the future, if that platform gets adopted by huge amount of people, that's why people are buying them.
My guess is that it's not. There has been virtual collectives before and every time they stay more or less niche sites.

I totally understand why people would suspect that ntfs in decentraland could have value, but they don't seem to get that cryptos and nfts are too confusing to people. And they might get adopted other ways, like via reddit avatars ect. Not habbo-like virtual places. Those have existed for a long time without nfts and people have bought things in them without nfts, so naturally they buy nfts too.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Yamifoud on October 13, 2023, 10:09:39 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
That is hype and the same thing happen to other, it is slowly fading away and developers carry the money of their investors. We only have two possible results upon investing in this project and that is to lose our money and regrets.
People should avoid investing like this as they are very vulnerable to becoming scammed and giving nothing to the investors aside from disappointments and tears. Research should be done first and we should have to think about what will happen in a project that never has market potential. In fact, NFT show us already and the results are not the thing that we wanted to see.


Title: Re: Digital Real Estate: Is it worth it?
Post by: OgNasty on October 13, 2023, 10:22:51 PM
When it comes to real estate in the metaverse, I think we’re currently seeing the lowest prices since the NFT hype began a few years ago. That usually means the people who are buying NFTs now will end up holding worthless assets in the next cycle, or they’ll be the next set of people you read about getting rich. Might not be a bad time to dabble a little with out of flavor NFTs and the like.


Title: Re: Digital Real Estate: Is it worth it?
Post by: JeffBrad12 on October 13, 2023, 11:04:51 PM
honestly I could only see value of these digital properties if it gives consistent passive income, the NFT land of many blockchain games back then was promising consistent token rewards for the holders thats why it has some value, but right now considering that all those tokens are not really having any value then I can guess that those NFT land aren't really worth anything anymore.
like many have stated it could be pretty much just price manipulation, with land NFT you see its easy to manipulate, since the NFT aren't really that much.
but i could be wrong, maybe people just really want to own this so called digital property so much who knows.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Magic-Money on October 15, 2023, 12:44:00 PM
The world is gradually moving into digital assets, which is digital real estate investment is acceptable as long is recognize by Blockchain technology in the ecosystem, which every crypto users can have access towards it and own per a particular person, which is applicable with NFTs assets. Since is accepted, it can as well be useful in the future values.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Yey09 on October 15, 2023, 01:44:21 PM
I think that pixels is the worst investment. They usually too centralized and depends on developers. There are a lot of better options to invest


Title: Re: Digital Real Estate: Is it worth it?
Post by: danherbias07 on October 15, 2023, 02:10:11 PM
It will be worth it in a game but never in things like a form of art or something else.
In-game that is popular, an NFT to be precise, needs to be popular like I said so that demand will come. I remember playing Plants Versus Undead and there's a need to buy land so that you will get more profits than those who play free with just one land that is given and they are also limited on how much plant they can grow. By buying land you can put more seeds and plants and they will earn something for you in return which means more profits as long as you always check them so you can reap the rewards.
I forgot how much the price of each land was back then but I know it is expensive because I could not afford one before, if I am not mistaken it was priced in the range of $1000 - $2000 per land.
Is it worth it? No, because as soon as the game starts to get old and many investors are getting frustrated they will sell and get out, and without buyers, it will be a big problem for the market circulation. That is why I said it needs to be in the trend/popular because there must be a nonstop trend so it can survive it's value.


Title: Re: Digital Real Estate: Is it worth it?
Post by: forexandcryptoauditor on October 15, 2023, 02:50:53 PM
From my point of view, digital real estate will not have any value in the near future. It is kind of hyped at the moment showing similarities to NFT. Artwork and currency are tradable digitally and also have value. On the other hand, not sure what will be the utility of digital real estate. I mean when we say real estate, it would be always a physical asset and one can't imagine it digitally.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Abiky on October 15, 2023, 05:35:27 PM
It has no future, everything in crypto apart from Bitcoin and Ethereum is a hype, we have seen how prices soar when the hype of NFTs, Memecoins, Metaverse, P2E, M2E to AI works.

Is all this long-lasting and sustainable now? The answer is no, so be wise in choosing something, there's no harm in buying digital properties, but buy at the right time, LOL.

2 images of land prices attached by @X-ray I think have interpreted your question, mate @Abiky.

Everything is hype. Unless the government gets involved in digital real estate, I don't see this going anywhere soon. Same goes for NFTs and RWAs. The ones who ultimately win from this craze are none other than whales, developers, and NFT creators. Ordinary people will end up getting "rekt" in the long run.

I'd expect both Decentraland and The Sandbox's popularity to decline over time as investors move on to the next big thing in crypto. First it was NFTs, then the metaverse and AI, then "meme" coins, and now digital real estate. I wonder what will come up next? :D


Title: Re: Digital Real Estate: Is it worth it?
Post by: Silberman on October 15, 2023, 10:01:24 PM
It will be worth it in a game but never in things like a form of art or something else.
In-game that is popular, an NFT to be precise, needs to be popular like I said so that demand will come. I remember playing Plants Versus Undead and there's a need to buy land so that you will get more profits than those who play free with just one land that is given and they are also limited on how much plant they can grow. By buying land you can put more seeds and plants and they will earn something for you in return which means more profits as long as you always check them so you can reap the rewards.
I forgot how much the price of each land was back then but I know it is expensive because I could not afford one before, if I am not mistaken it was priced in the range of $1000 - $2000 per land.
Is it worth it? No, because as soon as the game starts to get old and many investors are getting frustrated they will sell and get out, and without buyers, it will be a big problem for the market circulation. That is why I said it needs to be in the trend/popular because there must be a nonstop trend so it can survive it's value.
As useless as it may seem to us, there are indeed some people that are willing to spend a lot of money in a game, so digital real estate will make sense for them, if my memory does not fails me this is not new at all, second life a video game released on 2003 has allowed transactions of user created items and property from the very beginning and it is a game that it is still available today, so I think there is a market for this, even if I will never participate in it.


Title: Re: Digital Real Estate: Is it worth it?
Post by: GreatArkansas on October 15, 2023, 10:48:18 PM
(....)
Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
I really do not agree with this. This is all connected with NFT. During NFT hype, there are a lot of platforms that already have this but then again, failed.
So for me, since it is tied with NFT, it will be also in the hands of NFT if it will be succeded, we all know how NFT market really crushed during this bear market and still not sure if it will recover.


Title: Re: Digital Real Estate: Is it worth it?
Post by: abel1337 on October 16, 2023, 03:24:00 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
I guess it's like having your own land in a game like minecraft, you own so it means you are earning something from it or just bragging rights. Just like other land games, people buy it mainly for profit. I personally won't buy it because it's a concept that flopped last bull market that's why, though there might be a possible comeback next bull market. I will buy a digital real estate if somehow there are real life property connected to the digital land.


Title: Re: Digital Real Estate: Is it worth it?
Post by: avikz on October 16, 2023, 04:22:00 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

It's just another non-sense simulator JPGs being sold as NFTs. No point! Only the issuers are getting richer and the buyers have nothing to do after buying.

Internet has become more addictive than Cocaine nowadays. These web3 companies are just cashing out the addicted generation. Absolutely makes no sense! Whoever are investing into such kind of things, doesn't really know the value of money and what it takes to earn money.


Title: Re: Digital Real Estate: Is it worth it?
Post by: AmoreJaz on October 16, 2023, 04:27:25 PM
(....)
Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
I really do not agree with this. This is all connected with NFT. During NFT hype, there are a lot of platforms that already have this but then again, failed.
So for me, since it is tied with NFT, it will be also in the hands of NFT if it will be succeded, we all know how NFT market really crushed during this bear market and still not sure if it will recover.


sooner or later, these investors will wake up to the reality that digital real estate would be another waste of their resources. i am also not seeing valuable reason why you need to buy one on this type of investment. or we may be missing something here?
just like NFT, how could they be spending thousands of dollars that you can't really own? digital property? it can go poof at instant.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Xal0lex on October 16, 2023, 04:59:09 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

There was never any attractiveness there, there was hype and general hysteria. Then these same investors who put their money into this type of asset realized that it was an extremely unreliable investment. Digital property is too young an asset and people don't see any utility in it, just a banal desire to get rich quick. I recently read about a stablecoin that was backed by digital real estate and the stablecoin lost its peg to the dollar and fell in value by 50%. This type of asset is not yet ready to be taken seriously.


Title: Re: Digital Real Estate: Is it worth it?
Post by: sana54210 on October 16, 2023, 05:14:50 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
Of course it doesn't worth anything, people are making stupid decisions, just like all those who spent hundreds of thousands of dollars on NFT's that worth less than a thousand dollars today, they all thought it would be nice, and they all were wrong. We need to realize that it is not going to be this type of world we are not going to have a world that's going to be in the metaverse, not anytime soon at least.

Matrix was a world where humans were used as crops and their mind was in some simulation, trying to put people into metaverse and live there doesn't seem healthy to me at all, you would know the real world, but you would reject it and lived in the meta world you created, I would say that is risky and not too real.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Abiky on October 18, 2023, 11:20:40 AM
Of course it doesn't worth anything, people are making stupid decisions, just like all those who spent hundreds of thousands of dollars on NFT's that worth less than a thousand dollars today, they all thought it would be nice, and they all were wrong. We need to realize that it is not going to be this type of world we are not going to have a world that's going to be in the metaverse, not anytime soon at least.

Matrix was a world where humans were used as crops and their mind was in some simulation, trying to put people into metaverse and live there doesn't seem healthy to me at all, you would know the real world, but you would reject it and lived in the meta world you created, I would say that is risky and not too real.

It seems to me that the world is heading towards complete digitalization. What Matrix (the movie) showed us, could not be far from becoming a reality soon. Constant wars, economic instability, and a persistent health crisis (because of the COVID-19 pandemic and other diseases) will make us more isolated and away from reality. Everything will live in the "virtual realm" whenever you like it or not. Digital Real Estate, Tokenized Real World Assets, and the Metaverse are the way of the future.

It may not make sense today, but it will in the long run. I wouldn't invest into digital real estate as the industry is still immature. Everything is overhyped these days. Give it some time, and it could become a part of our daily life. The future is widely unpredictable, so we can only hope for the best. :)


Title: Re: Digital Real Estate: Is it worth it?
Post by: Questat on October 18, 2023, 11:52:35 AM
Of course it doesn't worth anything, people are making stupid decisions, just like all those who spent hundreds of thousands of dollars on NFT's that worth less than a thousand dollars today, they all thought it would be nice, and they all were wrong. We need to realize that it is not going to be this type of world we are not going to have a world that's going to be in the metaverse, not anytime soon at least.

Matrix was a world where humans were used as crops and their mind was in some simulation, trying to put people into metaverse and live there doesn't seem healthy to me at all, you would know the real world, but you would reject it and lived in the meta world you created, I would say that is risky and not too real.

It seems to me that the world is heading towards complete digitalization. What Matrix (the movie) showed us, could not be far from becoming a reality soon. Constant wars, economic instability, and a persistent health crisis (because of the COVID-19 pandemic and other diseases) will make us more isolated and away from reality. Everything will live in the "virtual realm" whenever you like it or not. Digital Real Estate, Tokenized Real World Assets, and the Metaverse are the way of the future.

It may not make sense today, but it will in the long run. I wouldn't invest into digital real estate as the industry is still immature. Everything is overhyped these days. Give it some time, and it could become a part of our daily life. The future is widely unpredictable, so we can only hope for the best. :)
That is too early to believe this thing but yes, who knows in the future years. And just like you, I was still skeptical about Digital Real Estate, I'd rather make an investment in a real one as we are very certain that it gives us ROI, unlike DRE where it was still uncertain. Honestly, I can't still figure out how it works as I can imagine the situation of the NFT projects which seems to be like them. Yes, they're hyped and we also know what possibly happens when it is over...DUMPs


Title: Re: Digital Real Estate: Is it worth it?
Post by: fmz89 on October 18, 2023, 12:14:52 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
just bunch cash grab from dev after they already milking the coin, the technology its is far from there, and people believe after upgrading the tech from times to times
for matching standar metaverse as today, neither first metaverse exist at this very moment, the most ambitious metaverse is star citizen and yet from 2013 development and took morethan 600M$ to develope until today
still on beta testing and never achieve full production status  ;D


Title: Re: Digital Real Estate: Is it worth it?
Post by: makishart on October 18, 2023, 04:00:07 PM
I think that pixels is the worst investment. They usually too centralized and depends on developers. There are a lot of better options to invest

That can be replicated so many times. To be honest if the developers were just selling gimmick here. Those developers helped by the bullish trend to fool people to buy their shitty non reality real estate like land in the game.
People were also very dumb to buy that shitty land. I don't know what to say but it's just matter till everything will worth nothing. We are facing crisis and this is even worst than before.
Those people will not able to sell their land and they will be losing a lot of money cuz their stupidity to invest in the non valuable thing like virtual land. I wonder how long people will be realizing it. It took very long time for people to realize if their investment will worth nothing someday. It's crazy to see that.


Title: Re: Digital Real Estate: Is it worth it?
Post by: fullhdpixel on October 18, 2023, 07:44:42 PM
Digital assets are an amazing investment as long as you can get in on the family/early round and manage to sell as soon as public sale opens, ideally BEFORE the sale opens. For a medium or long term hold there is almost 0 value.
The only way you might play this out successfully is mayb buying at the lows of bear market and then the market explodes but thats nearly impossible.
The first one that you said seems unethical or kinda inappropriate. I think that's not how a true investor looks like but it was for those who are leechers. They are poisoning the project. But wait, I realize that I wouldn't mind doing that to a shit coin, meme coin, pump and dump coin, and scam coins because they can also cause a lot of damage to the investors and to the crypto world as a whole.

Bitcoin is also considered as a digital asset and it's mechanism is about long-term hodling, to be able for the investor to reap a lot of befits. Buying at the lows and selling at the highs is how you play the game of investing or trading. The market can explode for those coins who have the potential.


Title: Re: Digital Real Estate: Is it worth it?
Post by: shinratensei_ on October 18, 2023, 11:39:30 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
I guess it's like having your own land in a game like minecraft, you own so it means you are earning something from it or just bragging rights. Just like other land games, people buy it mainly for profit. I personally won't buy it because it's a concept that flopped last bull market that's why, though there might be a possible comeback next bull market. I will buy a digital real estate if somehow there are real life property connected to the digital land.
it really is just bragging right, yes sometime the give incentivizes you for owning land but sometimes they won't, the only way you can profit is quite literally by selling the NFT higher than when you bought, better if you mint the NFT yourself then you're always in profit but then comes in another problem that is the fact that it is an NFT, meaning there will be hard for liquidity to come by, each land differ, so does the demand, or there might be no demand at all, thats the disadvantage with owning these so called digital real estate, even though i don't think it is a digital real estate, just a land in a game doesn't amount to much.
but then again there might be other benefits that the land holder is getting, but then again, the price of the land also depends on the popularity of the game, it migth cost a grand right now, but it could be losing its value significantly when the game lost popularity.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Silberman on October 19, 2023, 10:27:55 PM
That is too early to believe this thing but yes, who knows in the future years. And just like you, I was still skeptical about Digital Real Estate, I'd rather make an investment in a real one as we are very certain that it gives us ROI, unlike DRE where it was still uncertain. Honestly, I can't still figure out how it works as I can imagine the situation of the NFT projects which seems to be like them. Yes, they're hyped and we also know what possibly happens when it is over...DUMPs
Right now that digital real estate is mostly a scam or at best it is property that you can buy in a game and that has limited demand, however if the metaverse becomes a reality and we have billions of people online using it, then the digital real estate on that platform could in fact become really valuable, however you will need to take a risk by investing as soon as those properties become available and hope for the best, which is not precisely the most solid strategy when it comes to try to make money through investing.


Title: Re: Digital Real Estate: Is it worth it?
Post by: JeffBrad12 on October 19, 2023, 11:09:16 PM
That is too early to believe this thing but yes, who knows in the future years. And just like you, I was still skeptical about Digital Real Estate, I'd rather make an investment in a real one as we are very certain that it gives us ROI, unlike DRE where it was still uncertain. Honestly, I can't still figure out how it works as I can imagine the situation of the NFT projects which seems to be like them. Yes, they're hyped and we also know what possibly happens when it is over...DUMPs
Right now that digital real estate is mostly a scam or at best it is property that you can buy in a game and that has limited demand, however if the metaverse becomes a reality and we have billions of people online using it, then the digital real estate on that platform could in fact become really valuable, however you will need to take a risk by investing as soon as those properties become available and hope for the best, which is not precisely the most solid strategy when it comes to try to make money through investing.
the thing with metaverse, everyone could make their own game which also equates to making their own land, the property literally could be made of thin air, you don't need to worry about not getting one if metaverse is really taking off, because if you don't have it in one specific game, just wait for another game, thas why i was quite pessimistic about investing in these so called digital real estate, because the supply never gonna be limited, after all its NFT which everyone could create.
its far better investing in ordinary coin with their own blockchain with fixed total supply, more promising in the long run.
compared with these so called digital real estate, the coin funnily enough, have significantly more value.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Traderbtcc on October 20, 2023, 02:20:02 AM
It was more like a trend, tho people made a lot of money out of it during the NFT bull run but the long-term impact wasn't sustainable, all of the metaverse lands and properties aren’t worth much right now compared to when the NFT market was thriving. For me I wouldn’t advise anyone to invest heavily in digital estate except for making quick bucks buying early and selling at the top. For the long run it isn’t worth it.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Abiky on October 20, 2023, 11:16:06 AM
That can be replicated so many times. To be honest if the developers were just selling gimmick here. Those developers helped by the bullish trend to fool people to buy their shitty non reality real estate like land in the game.
People were also very dumb to buy that shitty land. I don't know what to say but it's just matter till everything will worth nothing. We are facing crisis and this is even worst than before.
Those people will not able to sell their land and they will be losing a lot of money cuz their stupidity to invest in the non valuable thing like virtual land. I wonder how long people will be realizing it. It took very long time for people to realize if their investment will worth nothing someday. It's crazy to see that.

Instead of "Digital Real Estate", they should change the name to "Virtual Estate". I honestly don't see how the hype will hold for long, when real estate is still one of the driving forces of the market. The new trend may be well ahead of its time. Just like NFTs and RWAs. Whenever we like these trends or not, there's no denying that this is the way of the future. Everything is pointing to that direction. AI, the metaverse, CBDCs, NFTs, RWAs, virtual estate, and quantum computing will pave the way towards a full-fledged digital society.

The question is not "IF" but rather "WHEN" it will happen. I think it's going to take quite a few decades from now before this becomes a reality. I'd put my money where my mouth is by investing into promising projects with real utility. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. :)


Title: Re: Digital Real Estate: Is it worth it?
Post by: libert19 on October 20, 2023, 12:55:47 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

I haven't used decentraland myself but have read about it and I am planning to dive in when I have got spare funds. It has value because it works pretty much like real one, and there is also aspect of profit that people speculate on. Being based on ethereum, it gives people sense of security on their assets.

I found this post information explaining decentraland informative, you might too:  https://influencermarketinghub.com/decentraland-real-estate/ (https://influencermarketinghub.com/decentraland-real-estate/#toc-0)


Title: Re: Digital Real Estate: Is it worth it?
Post by: synchronym on October 20, 2023, 01:50:25 PM
NFT To me it seems too risky to use it really has no reality. Maybe this investment is good for many but not so much for me. Honestly, I don't want to invest here, if I do, I will invest in poultry farm, it seems very easy to me. I think there is little risk if I put in a little effort or spend some time in poultry farms to see if I can profit from it.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Kelvinid on October 20, 2023, 02:18:26 PM
NFT To me it seems too risky to use it really has no reality. Maybe this investment is good for many but not so much for me. Honestly, I don't want to invest here, if I do, I will invest in poultry farm, it seems very easy to me. I think there is little risk if I put in a little effort or spend some time in poultry farms to see if I can profit from it.
We can't force ourselves to love and invest in crypto if we don't trust them either.
Go what you think is right for you and your desires. Well, I could say that crypto investment is a choice, the same thing with the poultry farm. Though both carry some risk (whether it is too risky or not), still can manage it if we have passion and self-control.

As we are talking about Digital Real Estate - I have to say that it is worth enough now( or even in the future). Why? Because we can just say it was worthy if it has a use case and a market role where we could think that it will grow.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Dunamisx on October 20, 2023, 02:56:42 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

I am a fan of real estate investment, but i don't know about digital real estate, instead of me going on for what i don't know much about, i will prefer going for bitcoin which everyone knows to be a digital decentralized currency, make my investment in it and have my coins in custody.

It's better to go for the physical real estate which everyone knows and is common than digital real estate many aren't yet acquainted with.


Title: Re: Digital Real Estate: Is it worth it?
Post by: coin-investor on October 20, 2023, 04:19:26 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

I don't think it's worth it, its another trending coin I was tempted to invest in one similar project I forgot the name it sounds like an Earthland I don't know what the purpose of owning virtual property they need to hype it to get more investors to invest or you will end up with useless virtual property with no use case only the thought that you own something in the internet which is actually not yours but you are renting it from the developers' platform.

The real thing is a domain where you have full control and you can do domain flipping this is a real investment, not just a make-believe space on another owner's domain.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Wakate on October 20, 2023, 04:36:00 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
Why some NFT are very expensive is because the project added utility to it which is mostly based on trend and hyping. Most of those NFTs that are sold and bought with huge amount of money are based on market hyping and this had been attracting users and fans from different industries to keep the trending moving.

We can't compare those artwork to reality because they have no value merely looking at them. NFT is still going to trend more even though it look like people are starting to realize that much value are not supposed to be put on those artwork. I still like NFT and I don't regret anything about the digital art industry so far.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Silberman on October 23, 2023, 07:52:40 AM
Right now that digital real estate is mostly a scam or at best it is property that you can buy in a game and that has limited demand, however if the metaverse becomes a reality and we have billions of people online using it, then the digital real estate on that platform could in fact become really valuable, however you will need to take a risk by investing as soon as those properties become available and hope for the best, which is not precisely the most solid strategy when it comes to try to make money through investing.
the thing with metaverse, everyone could make their own game which also equates to making their own land, the property literally could be made of thin air, you don't need to worry about not getting one if metaverse is really taking off, because if you don't have it in one specific game, just wait for another game, thas why i was quite pessimistic about investing in these so called digital real estate, because the supply never gonna be limited, after all its NFT which everyone could create.
its far better investing in ordinary coin with their own blockchain with fixed total supply, more promising in the long run.
compared with these so called digital real estate, the coin funnily enough, have significantly more value.
And without a doubt your concerns are legitimate as unlike real estate its digital counterpart can be created at will by the developers, however when I talk about the metaverse I talk about the one companies like Facebook are trying to develop, as if they can get people to use their platform, and I do not see why this could not be possible as people are already using social media a great deal and a metaverse will only be an extension of this idea, then that digital real estate could still be worth a fortune, while other metaverse projects, like the ones being developed on this market, will be just another form of scam.


Title: Re: Digital Real Estate: Is it worth it?
Post by: umityesil on October 23, 2023, 08:39:00 AM
Digital real estate in platforms like Decentraland is indeed a unique concept. While it may not offer tangible ownership like physical real estate, it taps into the growing virtual economy and the appeal of NFTs. Its future largely depends on the development of the metaverse and the value people attach to digital experiences. It's speculative, but as technology evolves, the demand for virtual spaces might increase. Just like any investment, it comes with risks and rewards. Diversifying your portfolio might be a prudent approach in this emerging sector :) (https://bitcoinyorum.com/2023/09/20/fetch-coin-yorum-fetch-ai-analiz-ve-fiyat-tahmini-2023-2024-2027-altcoin-analiz-bitcoin-yorum/)


Title: Re: Digital Real Estate: Is it worth it?
Post by: mu_enrico on October 23, 2023, 10:50:14 AM
Worth it or not, depends on whether or not it's useful.
Digital real estate is just like any other digital goods IMO. It has scarcity, price, and tier. Some have usability therefore it's valuable. For example, if you play FIFA (EA FC) Ultimate Team, you'll find people spend thousands of dollars to buy cards. It's worth it since you can buy Prime Dinho to shit on other teams for a year ;D

For sure people speculate, but speculation alone won't drive demand, only use-value can drive demand sustainably.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Abiky on October 23, 2023, 12:25:28 PM
I haven't used decentraland myself but have read about it and I am planning to dive in when I have got spare funds. It has value because it works pretty much like real one, and there is also aspect of profit that people speculate on. Being based on ethereum, it gives people sense of security on their assets.

I found this post information explaining decentraland informative, you might too:  https://influencermarketinghub.com/decentraland-real-estate/ (https://influencermarketinghub.com/decentraland-real-estate/#toc-0)

It's an interesting concept that's yet to find its place in the mainstream world. Just like people thought "Magic Internet Money" (eg: Bitcoin) wasn't going anywhere, the same happens with Digital Real Estate and NFTs + RWAs. This is the future whenever you like it or not. It's going to take some time to get used to it, especially when Real Estate has dominated the market for years. But change is inevitable.

It's likely new generations will embrace the tech for a fully-digitized society. Decentraland and The Sandbox are just starting to blossom. So hold on tight as this is going to be a wild ride. Who knows if buying virtual land now will make you rich in the future? :D


Title: Re: Digital Real Estate: Is it worth it?
Post by: libert19 on October 23, 2023, 12:36:13 PM
I haven't used decentraland myself but have read about it and I am planning to dive in when I have got spare funds. It has value because it works pretty much like real one, and there is also aspect of profit that people speculate on. Being based on ethereum, it gives people sense of security on their assets.

I found this post information explaining decentraland informative, you might too:  https://influencermarketinghub.com/decentraland-real-estate/ (https://influencermarketinghub.com/decentraland-real-estate/#toc-0)

It's an interesting concept that's yet to find its place in the mainstream world. Just like people thought "Magic Internet Money" (eg: Bitcoin) wasn't going anywhere, the same happens with Digital Real Estate and NFTs + RWAs. This is the future whenever you like it or not. It's going to take some time to get used to it, especially when Real Estate has dominated the market for years. But change is inevitable.

Real estate has value because it's necessity, virtual worlds can't replace real estate no matter what for obvious reasons — to use virtual world you will need real estate to sit on  ;D

But I feel in entertainment sector virtual worlds has potential to revolutionize, especially in gaming and cinema, meet ups in virtual worlds are already a thing.


Title: Re: Digital Real Estate: Is it worth it?
Post by: ultrloa on October 23, 2023, 12:45:48 PM
I haven't used decentraland myself but have read about it and I am planning to dive in when I have got spare funds. It has value because it works pretty much like real one, and there is also aspect of profit that people speculate on. Being based on ethereum, it gives people sense of security on their assets.

I found this post information explaining decentraland informative, you might too:  https://influencermarketinghub.com/decentraland-real-estate/ (https://influencermarketinghub.com/decentraland-real-estate/#toc-0)

It's an interesting concept that's yet to find its place in the mainstream world. Just like people thought "Magic Internet Money" (eg: Bitcoin) wasn't going anywhere, the same happens with Digital Real Estate and NFTs + RWAs. This is the future whenever you like it or not. It's going to take some time to get used to it, especially when Real Estate has dominated the market for years. But change is inevitable.

Real estate has value because it's necessity, virtual worlds can't replace real estate no matter what for obvious reasons — to use virtual world you will need real estate to sit on  ;D

But I feel in entertainment sector virtual worlds has potential to revolutionize, especially in gaming and cinema, meet ups in virtual worlds are already a thing.

It can be shutdown by those people who create it so I don't really think its best option to have digital real estate since scamming is rampant and might we can spot one of those especially if we don't have proper documentation of such thing. I would rather prepare to acquire physical real estate since the security is more higher and no one can touch my investment with that especially I have legal papers that can prove my ownership of that assets. For now its not good idea to have that and I think NFT's insert this idea but so far no successful project have done this including meta so there's a huge risk for acquiring anything of it especially the one who do those presale is just a random guy who pop out of no where or even those well known guys since they can totally manipulate since they are the one who create those projects.


Title: Re: Digital Real Estate: Is it worth it?
Post by: libert19 on October 23, 2023, 01:11:17 PM
It can be shutdown by those people who create it so I don't really think its best option to have digital real estate since scamming is rampant and might we can spot one of those especially if we don't have proper documentation of such thing.
Yea, don't get in, if you don't understand. I speak from experience, I purchased few Bitcoin ordinals, and lost them in paying transaction fees, lol.

Regarding shutting down, they can't be since everything lives on blockchain.

For now its not good idea to have that and I think NFT's insert this idea but so far no successful project have done this including meta so there's a huge risk for acquiring anything of it especially the one who do those presale is just a random guy who pop out of no where or even those well known guys since they can totally manipulate since they are the one who create those projects.
There is always risk when you are in early in anything but then again it's only when you are early that they are found cheap and has potential to make you wealthy.


Title: Re: Digital Real Estate: Is it worth it?
Post by: tygeade on October 23, 2023, 04:44:24 PM
It can be shutdown by those people who create it so I don't really think its best option to have digital real estate since scamming is rampant and might we can spot one of those especially if we don't have proper documentation of such thing.
Yea, don't get in, if you don't understand. I speak from experience, I purchased few Bitcoin ordinals, and lost them in paying transaction fees, lol.

Regarding shutting down, they can't be since everything lives on blockchain.
Depends on the logic and what you mean by shutdown. Think of it like ownership and usage, the usage can be shutdown but the ownership won't be. Imagine NFT right, if you own it then you own it, there is no reverse back there, you will always own it until you sell, but the way it looks like an image? That part is on a server, so if the server goes out, you will own something that is not an image anymore, it will not look, it won't have anything, it's gone, you still own that, it just doesn't show up as an image.

Like for example you have a metaverse world, it is like roblox basically, or minecraft whatever, if the servers go down, sure the land you own there is still valid, but the game is gone, the world is gone, because server is gone.


Title: Re: Digital Real Estate: Is it worth it?
Post by: libert19 on October 23, 2023, 04:48:32 PM
It can be shutdown by those people who create it so I don't really think its best option to have digital real estate since scamming is rampant and might we can spot one of those especially if we don't have proper documentation of such thing.
Yea, don't get in, if you don't understand. I speak from experience, I purchased few Bitcoin ordinals, and lost them in paying transaction fees, lol.

Regarding shutting down, they can't be since everything lives on blockchain.
Depends on the logic and what you mean by shutdown. Think of it like ownership and usage, the usage can be shutdown but the ownership won't be. Imagine NFT right, if you own it then you own it, there is no reverse back there, you will always own it until you sell, but the way it looks like an image? That part is on a server, so if the server goes out, you will own something that is not an image anymore, it will not look, it won't have anything, it's gone, you still own that, it just doesn't show up as an image.

Like for example you have a metaverse world, it is like roblox basically, or minecraft whatever, if the servers go down, sure the land you own there is still valid, but the game is gone, the world is gone, because server is gone.

I'm sure it wouldn't be so fragile as if server is gone, everything is gone. If I understand it correctly, just like we have several interfaces for one dex, similar way multiple interfaces could be made to show the metaverse data that lives on blockchain.


Title: Re: Digital Real Estate: Is it worth it?
Post by: o48o on October 23, 2023, 05:04:42 PM
It can be shutdown by those people who create it so I don't really think its best option to have digital real estate since scamming is rampant and might we can spot one of those especially if we don't have proper documentation of such thing.
Yea, don't get in, if you don't understand. I speak from experience, I purchased few Bitcoin ordinals, and lost them in paying transaction fees, lol.

Regarding shutting down, they can't be since everything lives on blockchain.
Depends on the logic and what you mean by shutdown. Think of it like ownership and usage, the usage can be shutdown but the ownership won't be. Imagine NFT right, if you own it then you own it, there is no reverse back there, you will always own it until you sell, but the way it looks like an image? That part is on a server, so if the server goes out, you will own something that is not an image anymore, it will not look, it won't have anything, it's gone, you still own that, it just doesn't show up as an image.

Like for example you have a metaverse world, it is like roblox basically, or minecraft whatever, if the servers go down, sure the land you own there is still valid, but the game is gone, the world is gone, because server is gone.

I'm sure it wouldn't be so fragile as if server is gone, everything is gone. If I understand it correctly, just like we have several interfaces for one dex, similar way multiple interfaces could be made to show the metaverse data that lives on blockchain.
But you can compare that to real world. You can lose real world items as well. In reality server going down would mean earthquakes, floods, forest fires and wars.

No matter what you own, everyhing can be gone. World economy in globalism is quite fragile, even though it's more economic. You only need one crisis in some essential country and their plastic for medication bottles factory is halted, so there's a lack of medicine. That goes with every industry. World is as fragile as those servers. And more fragmented the production is, more fragile the whole company is.


Title: Re: Digital Real Estate: Is it worth it?
Post by: goldkingcoiner on October 23, 2023, 06:01:05 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

Maybe one day the government will decide that NFT's constitute a valid contract of ownership. And at that point in time the people holding NFT's are going to become richer than they ever imagined - I suppose the average NTF fan thinks somewhat along this line.

Personally, I do not see the need for NFT's to prove ownership or authenticity. But as far as the question of authenticity goes, what happens when people start making scam NFTs or misleading people with a different, look-alike blockchain. What if your wallet gets hacked? Do you still consider someone the owner of an NFT the rightful owner if its been stolen and sent to someone else?


Title: Re: Digital Real Estate: Is it worth it?
Post by: VFalcon on October 23, 2023, 06:19:38 PM
To avoid loading yourself with such thoughts, try participating in the Fruit bounty bonanza tournament. It is easy to participate and also easy to get a part of the prize. I advise you to try, because in the last tournament I managed to get 400$, maybe you can get a pain


Title: Re: Digital Real Estate: Is it worth it?
Post by: abel1337 on October 23, 2023, 06:38:35 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

Maybe one day the government will decide that NFT's constitute a valid contract of ownership. And at that point in time the people holding NFT's are going to become richer than they ever imagined - I suppose the average NTF fan thinks somewhat along this line.

Personally, I do not see the need for NFT's to prove ownership or authenticity. But as far as the question of authenticity goes, what happens when people start making scam NFTs or misleading people with a different, look-alike blockchain. What if your wallet gets hacked? Do you still consider someone the owner of an NFT the rightful owner if its been stolen and sent to someone else?
Before the government approves the NFT on a contract of ownership, like on a physical land title. They will surely consider the risk on it. If they found out that it proves much more risk than the traditional proof of ownership that we have like pen and paper or databases, the probably won't try it especially that the migration and the procedure of it is not that easy since there's a lot of information that is needed to inputted and publicized. 


Title: Re: Digital Real Estate: Is it worth it?
Post by: cheezcarls on October 23, 2023, 08:05:12 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

Unless if it's tied-up to a "real" real estate property, then that could be at least something with value after acquiring it. Also, if the land or digital real estate was rented for multiple purposes like in Web3 games, then the owner himself would reap the rewards as passive income.  

As the NFT hype already died down, it's now critical for them to regain their value by introducing new real use cases that would specifically solve a real world problem in the long run.

Although there are NFTs that are on demand due to being tagged as airdrop or retroactive "multiplier" like the previous Aptos airdrop for just minting an NFT, it's only good for short or mid term.

Real estate presents long term, but the NFT real estate industry is still a long way to go as of today despite it's huge potential to work in the digital era.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Yatsan on October 23, 2023, 08:51:51 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

Unless if it's tied-up to a "real" real estate property, then that could be at least something with value after acquiring it. Also, if the land or digital real estate was rented for multiple purposes like in Web3 games, then the owner himself would reap the rewards as passive income.  

As the NFT hype already died down, it's now critical for them to regain their value by introducing new real use cases that would specifically solve a real world problem in the long run.

Although there are NFTs that are on demand due to being tagged as airdrop or retroactive "multiplier" like the previous Aptos airdrop for just minting an NFT, it's only good for short or mid term.

Real estate presents long term, but the NFT real estate industry is still a long way to go as of today despite it's huge potential to work in the digital era.
Some sort of utility right? Greatest comparison indeed is NFT. Well, there is a possibility that digital properties could create a demand since it is a ‘new thing’ however, there should be something to keep investors interested; they won’t invest to something which would fall afterwards and that ‘something’ should be utility. As we recall there were NFTs which represents a physical form; with artworks comes with a real painting, to name one. But I quite don’t get the point why real estate properties would engage such concept wherein land based ones can just be transferred to legal documents, so I doubt there’s really a need to do so.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Abiky on October 25, 2023, 11:35:25 AM
Unless if it's tied-up to a "real" real estate property, then that could be at least something with value after acquiring it. Also, if the land or digital real estate was rented for multiple purposes like in Web3 games, then the owner himself would reap the rewards as passive income.  

As the NFT hype already died down, it's now critical for them to regain their value by introducing new real use cases that would specifically solve a real world problem in the long run.

Although there are NFTs that are on demand due to being tagged as airdrop or retroactive "multiplier" like the previous Aptos airdrop for just minting an NFT, it's only good for short or mid term.

Real estate presents long term, but the NFT real estate industry is still a long way to go as of today despite it's huge potential to work in the digital era.

I was thinking more of virtual property, rather than linking ownership of a real property (Real Estate) on the Blockchain. It's like you own a piece of land without actually owning it in the real world (if you know what I mean). This would go great with the metaverse. From what I can tell, there's a lot of interest/demand into virtual property. It could be a result of massive hype, though. We should give the market more time to mature to see what happens.

If the content/data linked to your virtual property is preserved on the Blockchain forever, there should be nothing to worry about. Otherwise, this will become a passing fad. No one can predict the future, so lets hope for the best. ;D


Title: Re: Digital Real Estate: Is it worth it?
Post by: Taskford on October 25, 2023, 01:11:43 PM
Unless if it's tied-up to a "real" real estate property, then that could be at least something with value after acquiring it. Also, if the land or digital real estate was rented for multiple purposes like in Web3 games, then the owner himself would reap the rewards as passive income.  

As the NFT hype already died down, it's now critical for them to regain their value by introducing new real use cases that would specifically solve a real world problem in the long run.

Although there are NFTs that are on demand due to being tagged as airdrop or retroactive "multiplier" like the previous Aptos airdrop for just minting an NFT, it's only good for short or mid term.

Real estate presents long term, but the NFT real estate industry is still a long way to go as of today despite it's huge potential to work in the digital era.

I was thinking more of virtual property, rather than linking ownership of a real property (Real Estate) on the Blockchain. It's like you own a piece of land without actually owning it in the real world (if you know what I mean). This would go great with the metaverse. From what I can tell, there's a lot of interest/demand into virtual property. It could be a result of massive hype, though. We should give the market more time to mature to see what happens.

If the content/data linked to your virtual property is preserved on the Blockchain forever, there should be nothing to worry about. Otherwise, this will become a passing fad. No one can predict the future, so lets hope for the best. ;D

This is the idea given by NFT but come to think of this do we really own those virtual lots? or those devs who create this will still have full control of everything especially if they want to change something on their creations. We should know that NFT's offer for control of somethings especially those games but NFT owners doesn't really have power to voice out their demands since the developer will always have the final says regarding on everything they want to develop. That's why for now its hard to trust to own a land virtually since there's a chance that we will only get scammed by those developers claiming that there's something good will happen to our investment on their platforms.

So for now I will not own any digital real estate but rather will go out and grab some physical lands since from this I can make sure that I will own a title and can inherit my bought wealth to my family.


Title: Re: Digital Real Estate: Is it worth it?
Post by: zasad@ on October 25, 2023, 05:41:14 PM
Digitalization of assets is, of course, a trend of the future, but so far there are a lot of legal issues in different countries and purchases require registration and provision of documents. For now, it is easier to buy real estate in the classic way, but maintaining real estate is not feasible everywhere due to high taxes and service payments.


Title: Re: Digital Real Estate: Is it worth it?
Post by: poodle63 on October 25, 2023, 10:59:08 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

I am a fan of real estate investment, but i don't know about digital real estate, instead of me going on for what i don't know much about, i will prefer going for bitcoin which everyone knows to be a digital decentralized currency, make my investment in it and have my coins in custody.

It's better to go for the physical real estate which everyone knows and is common than digital real estate many aren't yet acquainted with.
its different with real estate, digital property thats in platform or game like decentraland literally just game land, basically you own imaginary land which sometime has no benefit either of owning it other than treated specially by the devs but thats it, thats just how useless the digital real estate is.
I would argue that the fact that many land NFT losing value is because most of its owner realize that its useless to own these land, the initial premise was to have these land for renting for other people advertising their business that could be accessed through metaverse but we know its failing so hard.
therefore real real estate is just far better of course requires much more capital to begin with.


Title: Re: Digital Real Estate: Is it worth it?
Post by: krishnaverma on October 26, 2023, 01:43:06 AM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

Real or conventional real estate is itself so lucrative. It will also increase your reputation to own one. Then why run behind digital real estate which has no existence in reality. Such concepts are still new and this lot of risk is involved in this. In future, if this market also matures, then you can think about investing in digital real estate.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Abiky on October 26, 2023, 11:30:35 AM
This is the idea given by NFT but come to think of this do we really own those virtual lots? or those devs who create this will still have full control of everything especially if they want to change something on their creations. We should know that NFT's offer for control of somethings especially those games but NFT owners doesn't really have power to voice out their demands since the developer will always have the final says regarding on everything they want to develop. That's why for now its hard to trust to own a land virtually since there's a chance that we will only get scammed by those developers claiming that there's something good will happen to our investment on their platforms.

So for now I will not own any digital real estate but rather will go out and grab some physical lands since from this I can make sure that I will own a title and can inherit my bought wealth to my family.

That's the real issue. We don't really "own" virtual property if developers get to dictate the rules of the game. It's worse when the data/content is stored on a centralized server. If the server goes down or the government seizes it, you can say goodbye to your virtual land for good. Having a proof of ownership on the Blockchain is simply not enough.

I think "Digital Real Estate" could work if governments are behind it. After all, people would trust the government more than any ordinary developer (no offense to anyone). No matter how you see it, there's no denying that "digitalization" is the way of the future. Tokens, assets, precious metals, real estate, and anything you can imagine will live in the digital world. This could take decades before it becomes a reality. As long as you're in control of what you own, there should be nothing to worry about. Just my opinion :)


Title: Re: Digital Real Estate: Is it worth it?
Post by: DapanasFruit on October 26, 2023, 12:27:00 PM

One of the main reason why it seems digital real estate could not be sustainable is that its perceived value is so less than the real one...and honestly speaking all can be based on hypes just like the many crypto-based projects that already faded into oblivion and are now dead under the ground...sadly it is the investors or the supporters that buy these assets that are holding the empty bags. Real estate is supposed to be so valuable and must be appreciating in value...sadly the same can't be said with the digital version. Why? Mainly because real estate costs money to build while compared to its digital counterpart the cost can be miniscule. In the digital world, you can create as many planets as you want...but in reality there is only one Earth where life is possible.


Title: Re: Digital Real Estate: Is it worth it?
Post by: sana54210 on October 30, 2023, 08:31:35 PM
We don't really "own" virtual property if developers get to dictate the rules of the game. It's worse when the data/content is stored on a centralized server. If the server goes down or the government seizes it, you can say goodbye to your virtual land for good. Having a proof of ownership on the Blockchain is simply not enough.

I think "Digital Real Estate" could work if governments are behind it. After all, people would trust the government more than any ordinary developer (no offense to anyone). No matter how you see it, there's no denying that "digitalization" is the way of the future. Tokens, assets, precious metals, real estate, and anything you can imagine will live in the digital world. This could take decades before it becomes a reality. As long as you're in control of what you own, there should be nothing to worry about. Just my opinion :)
This is why it's not really ownership, it's rental and that's the issue. I mean lets say you buy a house, unless you sell it, for the next 100 years you and your family will own it, there is no doubt about that, it would be very rare situation that you may not sell it and still lose ownership, like maybe debt not paid or something, which is still valid, but that's it. Whereas, if you buy a digital estate, do you really think that after 100 years you will still own it? Of course not, we all know that you won't, so one day all the system will be gone and you are just renting it until then.

The quickness of the system is what makes people salivate, they want to buy today, and see it rise in value and sell, that's their dream, they do not want to hold it for decades, they do not want to invest, they want to basically trade it. Same with every NFT too, they want to buy it, hold for short time, and then sell it for a lot more money if they could.


Title: Re: Digital Real Estate: Is it worth it?
Post by: milewilda on October 30, 2023, 09:58:40 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
No, it isnt worth or really just that simply that the same with those NFT shit thing or simply with the hype. I havent been able to encountered about those digital real estate for real but since you've been able to tell on where it could be find then i might checked out but basing up on the description that you have said then its safe to assume out that this is really that something another piece of online/digital piece of shit kind like with those NFT which they are really that bounding to fail considering that they never been that worth that much.Not to make out some conclusive approach about potential but we know that everything online could easily be that depreciate in value in a short period of time. Is it worth it? No its not and its up to someone whether he would really be investing or not but in overall it is never been worth it.

There are really just those people who do really love on investing things blindly or there are ones who are really that hoping for these things to pump out its value in the future without even trying out to weigh
in on whats the involved risks with it on which it is really that likely that this one would really be that ending up on a failure just like on what happened on that NFT hype too.


Title: Re: Digital Real Estate: Is it worth it?
Post by: KingsDen on October 30, 2023, 10:19:39 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

I thought I would have a link in OP where I can read in details how the digital real estate works. Ordinary it doesn't make sense to me but then I realise NFT didn't also make sense to me but it didn't stop NFT from existing.
In this life, people like to do stupid things and you will be surprised how stupid things attract people. Many people actually got money and are just looking for ways to largish dem. Maybe digital real estate could be one means to do that.

The future is very unpredictable, I know one in one country could buy properties from another country but not a digital property


Title: Re: Digital Real Estate: Is it worth it?
Post by: _BlackStar on October 30, 2023, 10:41:50 PM
-snip-
I thought I would have a link in OP where I can read in details how the digital real estate works. Ordinary it doesn't make sense to me but then I realise NFT didn't also make sense to me but it didn't stop NFT from existing.
In this life, people like to do stupid things and you will be surprised how stupid things attract people. Many people actually got money and are just looking for ways to largish dem. Maybe digital real estate could be one means to do that.

The future is very unpredictable, I know one in one country could buy properties from another country but not a digital property
The potential always varies from one to another - but NFT and Real Estate have not interested me so far.
If I want to get some altcoins in my portfolio - then I will get some which have real use cases and also have better future potential. To be honest I had ignored the two crypto products being discussed - in fact I didn't know much about what they were for and how they had the best potential compared to the others.

Of course - we don't know the future and how all this can be useful. But cryptos that don't have a real use case are more likely to become outdated and fail to compete for a large market share. Traders and investors will find others product that allow them to generate profits with good potential as well - but I doubt NFTs and Real Estate are one of them.


Title: Re: Digital Real Estate: Is it worth it?
Post by: JeffBrad12 on October 30, 2023, 11:10:25 PM
Digitalization of assets is, of course, a trend of the future, but so far there are a lot of legal issues in different countries and purchases require registration and provision of documents. For now, it is easier to buy real estate in the classic way, but maintaining real estate is not feasible everywhere due to high taxes and service payments.
moreover the fact that these so called digitalization of asset doesn't have any legal standing, not even being approved yet by the government so there's no recognition, if the digital asset is just some land in game, then its not even a real land just some game asset and thats it.
i would say its still too premature for digital assets, even more so the metaverse digital asset like in form of land, most of them are just waste of money and time.
if someone really eager to invest in property or real estate, I don't think digital assets is gonna be good for them its just merely a speculative tool with no physical form.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Publictalk792 on October 31, 2023, 02:41:29 AM
the future of digital real estate is uncertain and while it may hold potential it also carries risks. Proceed with caution and make good decisions. The decision to invest in digital real estate or NFT should be based on your risk tolerance investment goals and understanding of the market. It is always good to seek professional advice and stay informed about the latest developments in the industry.

By the way in my point of view I personally never invest in these kind of projects because these projects just hold hype with trend. Always invest when a trend comes out and make some profit and exit.


Title: Re: Digital Real Estate: Is it worth it?
Post by: oktana on October 31, 2023, 07:23:12 AM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

You should note that digital real estate is not quite the same as owning physical property. The value of digital real estate is mostly based on the community and the belief that more people will join and use the platform or follow the hype. And for something like that, nobody really knows for sure what the future holds for it. Some (including myself) think it's just hype that will fade away, while others think it's here to stay (I also think so, though I believe it could come back in a better way with a different name and hype). Well, as for investing in it, it depends on your view and how much risk you're willing to take. I simply suggest you keep an eye on the market, stay informed, and make decisions that align with your comfort level.


Title: Re: Digital Real Estate: Is it worth it?
Post by: fullhdpixel on October 31, 2023, 09:11:09 AM
We don't really "own" virtual property if developers get to dictate the rules of the game. It's worse when the data/content is stored on a centralized server. If the server goes down or the government seizes it, you can say goodbye to your virtual land for good. Having a proof of ownership on the Blockchain is simply not enough.

I think "Digital Real Estate" could work if governments are behind it. After all, people would trust the government more than any ordinary developer (no offense to anyone). No matter how you see it, there's no denying that "digitalization" is the way of the future. Tokens, assets, precious metals, real estate, and anything you can imagine will live in the digital world. This could take decades before it becomes a reality. As long as you're in control of what you own, there should be nothing to worry about. Just my opinion :)
When you buy land in a virtual world that is created in the metaverse, you don't really own something in the real world but you own it in that virtual world where it can either be used or sold to someone else. Governments or any other trusted entity intervening in such a thing would only make sense if the land being sold or bought are actual lands that are digitalized and someone who buys it gets both digital and physical ownership of the land.

The meaning of digitalization is that something that has a physical existence is given a digital identity or a digital form, but when we talk about digital land in the metaverse, they are not physically available lands that you are buying but it's just like a game or online project or something, and if the project decides to pack up, you lose your investment with it.


Title: Re: Digital Real Estate: Is it worth it?
Post by: GeorgeJohn on October 31, 2023, 09:46:28 AM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
It depends on your vision on a digital real estate, owning a virtual property is good when you have peruse into it and know the out come of it, but a process whereby you have not peruse into it and know exactly what you are supposed to know and you venture into it, is where it will become a bother for you as well...instead you to go into virtual real estate that you have not fully acclimatised with, I think its better to venture into the one you know better which is physical real estate investment, which the loss and profits is something you will know the out come when it mistakenly manifest.

Real or conventional real estate is itself so lucrative. It will also increase your reputation to own one. Then why run behind digital real estate which has no existence in reality. Such concepts are still new and this lot of risk is involved in this. In future, if this market also matures, then you can think about investing in digital real estate.
I will not advice anyone to borrow and venture into real estate business, because you may venture any kind of the real estate business either physical real estate management or the virtual real estate management and it happens that luck run against you and you loss whatever you have invested, so you don't need to borrow funds and venture into a real estate that you have not known the rudiments..so in this aspect when you say conventional real estate, you are emphasising on loan, so I don't think that idea should be a welcomed development to someone who want to venture into something that involves risk.


Title: Re: Digital Real Estate: Is it worth it?
Post by: KingsDen on October 31, 2023, 10:13:36 AM

Of course - we don't know the future and how all this can be useful. But cryptos that don't have a real use case are more likely to become outdated and fail to compete for a large market share. Traders and investors will find others product that allow them to generate profits with good potential as well - but I doubt NFTs and Real Estate are one of them.
That is true, cryptos that doesn't have real use case doesn't actually last. Their existence is base on hype and drastic promotion. We take for instance, the meme coins. I do not like meme coins but I was however compelled by my friend to buy Shiba and unfortunately for me the coin dumped on me. Currently I am in -80% in my portfolio and I strongly believe that Shiba cannot make a new ATH .

That is the case of all these digital arts and real estates . I believe with time the hype will calm and many people will forget it


Title: Re: Digital Real Estate: Is it worth it?
Post by: Bushdark on October 31, 2023, 06:01:21 PM

Of course - we don't know the future and how all this can be useful. But cryptos that don't have a real use case are more likely to become outdated and fail to compete for a large market share. Traders and investors will find others product that allow them to generate profits with good potential as well - but I doubt NFTs and Real Estate are one of them.
That is true, cryptos that doesn't have real use case doesn't actually last. Their existence is base on hype and drastic promotion. We take for instance, the meme coins. I do not like meme coins but I was however compelled by my friend to buy Shiba and unfortunately for me the coin dumped on me. Currently I am in -80% in my portfolio and I strongly believe that Shiba cannot make a new ATH .

That is the case of all these digital arts and real estates . I believe with time the hype will calm and many people will forget it
Crypto is all about planning and targeting the market to know when one is going to buy at an affordable price so that when the price of Bitcoin is which the major determinant of the Crypto market then we can know what coin one can out the money.

There is nothing bad when we make a mistake and bought coin at the top but the only challenge we could have is the patience for us to wait for make to retrace back to the previous height so that we can start counting our profits from there. There are some meme coins that are actually good and can give us a good profits if we are patient enough to hold and buying at presale is also a good move for us to make good profits from meme coins.


Title: Re: Digital Real Estate: Is it worth it?
Post by: _BlackStar on October 31, 2023, 09:49:32 PM
-snip-
That is true, cryptos that doesn't have real use case doesn't actually last. Their existence is base on hype and drastic promotion. We take for instance, the meme coins. I do not like meme coins but I was however compelled by my friend to buy Shiba and unfortunately for me the coin dumped on me. Currently I am in -80% in my portfolio and I strongly believe that Shiba cannot make a new ATH.
Oh really - my guess is you must have bought at the peak, also you didn't do any analysis when you bought it.
I also don't know why you would be swayed by other people's encouragement about investing - especially in a coin that has no use case. This is a decision that people should avoid especially when they want to invest - I mean you can ask him about which one is best, but don't take it as financial advice without further analysis.

That is the case of all these digital arts and real estates . I believe with time the hype will calm and many people will forget it
Of course - I also believe in the same thing, but it could be different if there are positive changes to the use case.


Title: Re: Digital Real Estate: Is it worth it?
Post by: rhomelmabini on October 31, 2023, 09:59:18 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)
It's still a speculation but I think when metaverse is a thing in the industry this will be worth it. There are advantages of having a digital real estate but right now that there's no clear path on it, that's still considering a risky asset, more risky than having a crypto on your wallet.


Title: Re: Digital Real Estate: Is it worth it?
Post by: johnsaributua on October 31, 2023, 10:41:43 PM
I consider that nft is in accordance with the chain, although some altcoins have gone up, I consider that it is still within reasonable limits, because there are still dumps or sidesway.

This nft is the same as other nfts, namely assets with private ownership and as a collection without leaving anonymous, of course it is different in function from physical property that can be used for housing or for any activity, can be useful for private or public and ownership of both land titles, buildings and clear laws.

Im searching  example in here (https://market.decentraland.org/contracts/0xf87e31492faf9a91b02ee0deaad50d51d56d5d4d/tokens/115792089237316195423570985008687907847144902061063671697116841074141301833769), I don't see specific ownership, just the seller's address to choose and bid, I find there is no real ownership like real estate in general, the estate here is part of the art of owning property or just a simulation to save up to buy real estate.

You are not wrong if you want to buy, it is better to use the extra money you have if you are confused about where to save it, while adding to your assets in the real world, that ability will make you add to your investment portfolio, every type of investment has its advantages sometimes it has high profits and there is a certain time, enjoy sir.


Title: Re: Digital Real Estate: Is it worth it?
Post by: btc78 on November 01, 2023, 03:59:18 AM
if you are extremely rich and has a ton of money you wouldn’t mind losing then investing on digital real estate is for you it’s
like nfts where you buy something to own yet is not tangible in digital real estate however it is described like buying property in another
planet so i don’t really see the point of it and most likely wouldn’t be profitable
the future of digital real estate is uncertain and while it may hold potential it also carries risks. Proceed with caution and make good decisions. The decision to invest in digital real estate or NFT should be based on your risk tolerance investment goals and understanding of the market. It is always good to seek professional advice and stay informed about the latest developments in the industry.

By the way in my point of view I personally never invest in these kind of projects because these projects just hold hype with trend. Always invest when a trend comes out and make some profit and exit.
every investments has their own risks mate , even here in crypto we have a high risk yet people are investing , that is the power of desire .
future will tell depend on how risky we take as our path.


Title: Re: Digital Real Estate: Is it worth it?
Post by: jrrsparkles on November 01, 2023, 04:34:06 AM
Personally, I feel its stupidity at its worst when someone claim to buy acres on the moon and the same or even worse when the project says to buy your digital land cause it doesn't even exist for the sake when comparing and its real.

If you want to buy digital land then buy GTA5 and explore the city all you want. ;D


Title: Re: Digital Real Estate: Is it worth it?
Post by: 11h11 on November 01, 2023, 05:10:12 AM
I think best Digital Real Estate is Ethereum Name Service(ENS).
2010+ bitcoin
2020+ web3 identity


Title: Re: Digital Real Estate: Is it worth it?
Post by: Abiky on November 01, 2023, 02:50:18 PM
When you buy land in a virtual world that is created in the metaverse, you don't really own something in the real world but you own it in that virtual world where it can either be used or sold to someone else. Governments or any other trusted entity intervening in such a thing would only make sense if the land being sold or bought are actual lands that are digitalized and someone who buys it gets both digital and physical ownership of the land.

The meaning of digitalization is that something that has a physical existence is given a digital identity or a digital form, but when we talk about digital land in the metaverse, they are not physically available lands that you are buying but it's just like a game or online project or something, and if the project decides to pack up, you lose your investment with it.

Linking digital land to its physical counterpart is nice. But I don't think it's the "way of the future". Everything seems to be heading towards "virtualization" these days. You can see why the metaverse, NFTs, and even crypto itself are very popular. Most of these digital assets don't have a physical representation in the real world. They only exist in the "digital realm". We are quickly shifting from the "tangible era" to the "intangible era". Digital Real Estate may not be a thing today, but it will be in the future.

What I'm concerned with is the current projects' ability to withstand the test of time. After all, content is not stored on the Blockchain itself. It's stored on a centralized server only developers/creators control. If you buy virtual land, and the game shuts down for whatever reason, you will lose everything for good. Using an immutable blockchain (Bitcoin?) for preserving content, is the way to go. Maybe developers who care about decentralization/censorship-resistance will make this happen someday? No one can predict the future, so lets hope for the best. ;D


Title: Re: Digital Real Estate: Is it worth it?
Post by: DeathAngel on November 01, 2023, 04:52:16 PM
Ask yourself if you think in 20 years will digital real estate be selling for big money & base your financial decisions on your answer. In my opinion it’s just another popular craze that will amount to nothing long term. This is not financial advice though so do your own research.


Title: Re: Digital Real Estate: Is it worth it?
Post by: oktana on November 01, 2023, 05:31:23 PM
Personally, I feel its stupidity at its worst when someone claim to buy acres on the moon and the same or even worse when the project says to buy your digital land cause it doesn't even exist for the sake when comparing and its real.

If you want to buy digital land then buy GTA5 and explore the city all you want. ;D

Funny but this isn't GTA5, it doesn't have to be physical to be real or have value. If you think so, tell us about NFTs, did people not spend millions of dollars on that? I mean, if you look at it, you'll see how much value digital lands have over NFTs that are just art (yet not a physical thing). Bitcoin can't be seen yet it exists and is worth tens of thousands of dollars. Digital real estate is a thing. Yes, it comes with its own risk but people are buying and selling virtual land. For me, I only think it could do better.


Title: Re: Digital Real Estate: Is it worth it?
Post by: jrrsparkles on November 01, 2023, 07:35:07 PM
Personally, I feel its stupidity at its worst when someone claim to buy acres on the moon and the same or even worse when the project says to buy your digital land cause it doesn't even exist for the sake when comparing and its real.

If you want to buy digital land then buy GTA5 and explore the city all you want. ;D

Funny but this isn't GTA5, it doesn't have to be physical to be real or have value. If you think so, tell us about NFTs, did people not spend millions of dollars on that? I mean, if you look at it, you'll see how much value digital lands have over NFTs that are just art (yet not a physical thing). Bitcoin can't be seen yet it exists and is worth tens of thousands of dollars. Digital real estate is a thing. Yes, it comes with its own risk but people are buying and selling virtual land. For me, I only think it could do better.
Everybody expects a project that they invest in will become the next bitcoin but it probably may not happen cause its one of its kind and others are just trying to replicate what bitcoin did without actually improving anything. It doesn't really makes sense to me that buying and selling something called digital land, is a land that never exists.

You can ask that about NFT or even for the bitcoin itself but they hold something innovative and for NFTs every project failed after the hype and now people don't really invest in NFT anymore.


Title: Re: Digital Real Estate: Is it worth it?
Post by: batang_bitcoin on November 01, 2023, 09:54:59 PM
Ask yourself if you think in 20 years will digital real estate be selling for big money & base your financial decisions on your answer. In my opinion it’s just another popular craze that will amount to nothing long term. This is not financial advice though so do your own research.
I agree.
One perfect example is the Axie Infinity land. They have bunch of lands and will still make you earn money as of now but the pricing of that before was crazy and very high. Right now, they're still quite expensive to say and we don't know what's in it for the future. ROI might even take you a decade or more or even impossible if devs won't push for better development
Yeah, it's all about craze and hype.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Blitzboy on November 02, 2023, 03:35:46 AM
When you buy land in a virtual world that is created in the metaverse, you don't really own something in the real world but you own it in that virtual world where it can either be used or sold to someone else. Governments or any other trusted entity intervening in such a thing would only make sense if the land being sold or bought are actual lands that are digitalized and someone who buys it gets both digital and physical ownership of the land.

The meaning of digitalization is that something that has a physical existence is given a digital identity or a digital form, but when we talk about digital land in the metaverse, they are not physically available lands that you are buying but it's just like a game or online project or something, and if the project decides to pack up, you lose your investment with it.

Linking digital land to its physical counterpart is nice. But I don't think it's the "way of the future". Everything seems to be heading towards "virtualization" these days. You can see why the metaverse, NFTs, and even crypto itself are very popular. Most of these digital assets don't have a physical representation in the real world. They only exist in the "digital realm". We are quickly shifting from the "tangible era" to the "intangible era". Digital Real Estate may not be a thing today, but it will be in the future.

What I'm concerned with is the current projects' ability to withstand the test of time. After all, content is not stored on the Blockchain itself. It's stored on a centralized server only developers/creators control. If you buy virtual land, and the game shuts down for whatever reason, you will lose everything for good. Using an immutable blockchain (Bitcoin?) for preserving content, is the way to go. Maybe developers who care about decentralization/censorship-resistance will make this happen someday? No one can predict the future, so lets hope for the best. ;D
You brought up an interesting paradox: moving from physical to virtual assets while still figuring out how to deal with the stability and security that physical things often offer. There is, in fact, a change toward intangible assets that can be seen in the rise in interest in digital assets like the metaverse, NFTs, and cryptocurrencies. But your doubts about how long these digital goods will last bring up an important point. How do we balance the desire for stability with the fact that the digital world changes all the time?

There is a real problem with the worry that information wont be stored on the blockchain but on centralized servers. Could using a blockchain that cant be changed be the answer? Could be. Digital assets can be lost, especially if the site they're stored on fails. This needs to be fixed right away. It might be helpful to focus on coders who put decentralization and censorship resistance first. There are a lot of moving parts, and your hope for a good result is shared by many.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Abiky on November 02, 2023, 12:12:21 PM
Ask yourself if you think in 20 years will digital real estate be selling for big money & base your financial decisions on your answer. In my opinion it’s just another popular craze that will amount to nothing long term. This is not financial advice though so do your own research.

I have seen NFTs that were once popular, going all the way down the drain in an instant. It's likely the same will happen with "digital real estate". But I cannot tell for sure, due to the unpredictable nature of crypto land. It's best to proceed with caution by only investing what you can afford to lose. Life is all about risks, but only those willing to take them have a good chance of succeding in the future.

For what I know, the world is heading into full-fledged "digitalization". We owe it all to the rise of the Internet and crypto/Blockchain tech. Who knows how our society will change in the long run? :D


Title: Re: Digital Real Estate: Is it worth it?
Post by: Biznesmen on November 05, 2023, 12:21:03 PM
I support digital real estate; why not? If NFTs are popular and you can make money from them, why not digital real estate? People are trying to make the technology the best and in a different way to create an opportunity to earn. Why not support them and earn from them? But I can't predict the future, so it's going to go down in flames or make a huge amount, depending on the market. But the thing is, don't fall behind the scenes. Before making any decision, just make sure of your financial situation and the legitimacy of the project. We don't know what next will catch our attention, but it seems like we have totally forgotten the real world and are living in a digital world.


Title: Re: Digital Real Estate: Is it worth it?
Post by: poodle63 on November 05, 2023, 03:17:23 PM
I support digital real estate; why not? If NFTs are popular and you can make money from them, why not digital real estate? People are trying to make the technology the best and in a different way to create an opportunity to earn. Why not support them and earn from them? But I can't predict the future, so it's going to go down in flames or make a huge amount, depending on the market. But the thing is, don't fall behind the scenes. Before making any decision, just make sure of your financial situation and the legitimacy of the project. We don't know what next will catch our attention, but it seems like we have totally forgotten the real world and are living in a digital world.
the thing with digital real estate, is the fact that every game devs can make their own digital lands which is based on game lands, then abandon it.
you will be surprised how many actually the so called metaverse game that also have land ownership in game actually just getting out of business.
that'd be a concern if you have some lands which initally was valued few thousand dollars turning out to be absolutely nothing or in other words become useless.
then after that you will figure out that this technology, just being used for speculation, giving too much disadvantage while the benefit isn't really obvious.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Deddyhoku on November 05, 2023, 03:20:40 PM
That pixels will worth zero without their company and without intrestest in projects. Don't think that it's a big deal for now


Title: Re: Digital Real Estate: Is it worth it?
Post by: DaNNy001 on November 05, 2023, 03:21:06 PM
I support digital real estate; why not? If NFTs are popular and you can make money from them, why not digital real estate? People are trying to make the technology the best and in a different way to create an opportunity to earn. Why not support them and earn from them? But I can't predict the future, so it's going to go down in flames or make a huge amount, depending on the market. But the thing is, don't fall behind the scenes. Before making any decision, just make sure of your financial situation and the legitimacy of the project. We don't know what next will catch our attention, but it seems like we have totally forgotten the real world and are living in a digital world.
Why would anyone not support digital estate, i mean with the world is advancing, there is certainly going to be something concerning this trend and how it's worth is going to explosive in the near future, so intend of being skeptical about it, I think it's best just to follow up with the trend of new things because the world is advancing and technology is the grasp of it so why dull when the whole plan and growth is still at it's early stages.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Abiky on November 19, 2023, 11:35:47 AM
the thing with digital real estate, is the fact that every game devs can make their own digital lands which is based on game lands, then abandon it.
you will be surprised how many actually the so called metaverse game that also have land ownership in game actually just getting out of business.
that'd be a concern if you have some lands which initally was valued few thousand dollars turning out to be absolutely nothing or in other words become useless.
then after that you will figure out that this technology, just being used for speculation, giving too much disadvantage while the benefit isn't really obvious.

If the game was open source or lived within the Blockchain itself, then we would have nothing to worry about. But knowing that virtual land is non-persistent, there's the risk of losing it all in the future. Developers need to fix this if they want "Digital Real Estate" to become a part of our daily life.

Both Decentraland and The Sandbox are promising, but I'm not sure if they will be able to last for long. The industry is still risky to say the least. Just like NFTs where they could lose value overnight. The future is widely unpredictable, so expect the unexpected. Just my thoughts ;D


Title: Re: Digital Real Estate: Is it worth it?
Post by: nimogsm on November 19, 2023, 04:28:17 PM
For me personally, this is not an attractive investment. Since this is just hype based on the example of the same meme tokens, when there is hype on them there is a price, this is the basic rule. In this topic, price charts were shown and they all went down, which may mean that investors have lost interest and there are no new investors. You can make money on such projects only at the beginning of their journey; in the long run there will only be losses.


Title: Re: Digital Real Estate: Is it worth it?
Post by: JesWade on February 07, 2024, 12:13:46 PM
I support digital real estate; why not? If NFTs are popular and you can make money from them, why not digital real estate? People are trying to make the technology the best and in a different way to create an opportunity to earn. Why not support them and earn from them? But I can't predict the future, so it's going to go down in flames or make a huge amount, depending on the market. But the thing is, don't fall behind the scenes. Before making any decision, just make sure of your financial situation and the legitimacy of the project. We don't know what next will catch our attention, but it seems like we have totally forgotten the real world and are living in a digital world.

Absolutely, I totally see where you're coming from. Real estate Developres, just like Union Developers (https://www.uniondevelopers.com), is an interesting concept that's gaining traction. It's all about seizing opportunities in this ever-evolving digital landscape. It's wise to approach it cautiously though, considering both the potential rewards and risks. Staying informed and ensuring the legitimacy of any project is key. It's fascinating how we're transitioning more and more into this digital realm, but yeah, we shouldn't lose sight of the real world either.







Title: Re: Digital Real Estate: Is it worth it?
Post by: JayTrain on February 07, 2024, 03:53:51 PM
In my opinion, digital real estate is a unique concept, but it's still unclear how it will evolve. Owning virtual property sounds appealing, but I feel it's not as attractive as owning real estate. Moreover, there might be many scammers in this field, so it's better not to rush into investing in it.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Lukmanfirdaus1 on February 07, 2024, 04:53:02 PM
pure hype, there is no future and will definitely be forgotten, the nft market alone has crashed 95%, how does it have a future, as far as I know most digital properties use nft.
Quote
A report by dappGambl based on data provided by NFT Scan and CoinMarketCap showed that out of 73,257 NFT collections the researchers looked at, 69,795 of them, or slightly over 95%, had a market cap of zero ether. SOURCE-- (https://markets.businessinsider.com/news/currencies/nft-market-crypto-digital-assets-investors-messari-mainnet-currency-tokens-2023-9)
I feel sorry for those who fell for the NFT hype, now the asset they bought is no longer worth anything, or the value is very far from the price they bought it at. Physical and digital property assets are very different, even the ownership documents are different, people buy NFTs which can be generated using AI in just a few hours.


Title: Re: Digital Real Estate: Is it worth it?
Post by: o48o on February 07, 2024, 05:42:45 PM
pure hype, there is no future and will definitely be forgotten, the nft market alone has crashed 95%, how does it have a future, as far as I know most digital properties use nft.
Quote
A report by dappGambl based on data provided by NFT Scan and CoinMarketCap showed that out of 73,257 NFT collections the researchers looked at, 69,795 of them, or slightly over 95%, had a market cap of zero ether. SOURCE-- (https://markets.businessinsider.com/news/currencies/nft-market-crypto-digital-assets-investors-messari-mainnet-currency-tokens-2023-9)
I feel sorry for those who fell for the NFT hype, now the asset they bought is no longer worth anything, or the value is very far from the price they bought it at. Physical and digital property assets are very different, even the ownership documents are different, people buy NFTs which can be generated using AI in just a few hours.
This is just not true. They have gone trough one cycle of bear and bull and look how volatile they were. Who knows what's happening next cycle. If you had bought bored ape right a the start, and not sold it, it would have brought you near a million dollars just with airdrops alone. It's really misleading to say they are down so much from ATH, when there was an insane explosive spike before it.

I am not saying that people should buy any of them, far from it. But not seeing the parallel to altcoin fall of 2014-2015 is pretty amazing to me. Yeah they are basically stupid, and bling of the most annoying new money crypto bros, but markets are made of stupid, and that's where the profits are.

You brought up an interesting paradox: moving from physical to virtual assets while still figuring out how to deal with the stability and security that physical things often offer. There is, in fact, a change toward intangible assets that can be seen in the rise in interest in digital assets like the metaverse, NFTs, and cryptocurrencies. But your doubts about how long these digital goods will last bring up an important point. How do we balance the desire for stability with the fact that the digital world changes all the time?

There is a real problem with the worry that information wont be stored on the blockchain but on centralized servers. Could using a blockchain that cant be changed be the answer? Could be. Digital assets can be lost, especially if the site they're stored on fails. This needs to be fixed right away. It might be helpful to focus on coders who put decentralization and censorship resistance first. There are a lot of moving parts, and your hope for a good result is shared by many.
What do you mean? We are already using a blockchain that can't be changed for the key information. Blockchains are just decentralized ledgers and should be kept as minimalistic and fast as possible, they are not meant to store a whole game in them, as they are already too big. It would be unpractical, bulky, expensive and extremely slow. And most importantly, not build for it.

You run the servers with systems that are build for it, they are fast, responsive and cheap. In short, they are build for it. There's a good reason you don't run some servers on excel spreadsheets code or similar either.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Kelward on February 07, 2024, 05:59:00 PM
I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong?

Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much. :)

I doubt that anyone can convert real estate into digital asset, because it's something physical and as the name imply, it is an asset that is supposed to be seen, only it's worth that can be converted in Monterey terms, but it's the physical property that determines the price. The concept is as wield as NFT to me, something not realistic, and you'd see people investing their hard earned money into these projects, and when it eventually crashes, they'll blame the developers for scamming then, even when scam was written I'll over it from the onset.


Title: Re: Digital Real Estate: Is it worth it?
Post by: SandrCrypto on February 07, 2024, 07:05:09 PM
There were a lot of scam projects among Digital Real Estate projects. That is why many people do not trust them. But the idea of Digital Real Estate is good but the main thing is the realization of this idea.


Title: Re: Digital Real Estate: Is it worth it?
Post by: n0ne on February 07, 2024, 11:59:35 PM
In the name of digital more things were happening around. In my understanding everything is a hype and those who were able to enjoy the good at the right time through investment finds it worthy. Other than that it is just a way of tokenizing services/asset and what have been used is the real estate.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Abiky on February 09, 2024, 12:16:09 AM
pure hype, there is no future and will definitely be forgotten, the nft market alone has crashed 95%, how does it have a future, as far as I know most digital properties use nft.
Quote
A report by dappGambl based on data provided by NFT Scan and CoinMarketCap showed that out of 73,257 NFT collections the researchers looked at, 69,795 of them, or slightly over 95%, had a market cap of zero ether. SOURCE-- (https://markets.businessinsider.com/news/currencies/nft-market-crypto-digital-assets-investors-messari-mainnet-currency-tokens-2023-9)
I feel sorry for those who fell for the NFT hype, now the asset they bought is no longer worth anything, or the value is very far from the price they bought it at. Physical and digital property assets are very different, even the ownership documents are different, people buy NFTs which can be generated using AI in just a few hours.

Could be. But with NFTs experiencing a resurgence in popularity (especially Bitcoin Ordinals), anything's possible. For what I know, both Decentraland and The Sandbox are still a thing in crypto land. They haven't gone anywhere despite AI and the metaverse taking the world by storm.

With everything turning digital these days, it's likely virtual real estate will be the driving force of the economy in the future. Whenever it will thrive in the form of decentralized projects or a centralized platform backed by the government, it's yet to be seen. I'd proceed with caution just to be safe. ;D


Title: Re: Digital Real Estate: Is it worth it?
Post by: tbterryboy on February 09, 2024, 07:48:23 AM
In my opinion, digital real estate is a unique concept, but it's still unclear how it will evolve. Owning virtual property sounds appealing, but I feel it's not as attractive as owning real estate. Moreover, there might be many scammers in this field, so it's better not to rush into investing in it.
Owning digital real estate or properties is just like owning or having NFTs which we all know aren't long-term investments. You can't buy an NFT and plan to hold it for years and expect to get great returns on it because this market is unpredictable and highly volatile, NFTs that are worth $2,000 today might not be worth the same tomorrow because it's all about hype and demand for certain NFTs collections and how they are promoted among investors.

As soon as an NFT collection isn't trending anymore the value of their NFTs will start dropping immediately because there won't be any people bidding for them and NFT marketplaces don't work like cryptocurrency spot markets where you ask your price and wait for someone to come and take it.

The same is the process of digital real estate or properties, they are just like digital collectibles.


Title: Re: Digital Real Estate: Is it worth it?
Post by: FanEagle on February 12, 2024, 04:15:24 PM
These type of questions are a bit dynamic and doesn't really one have answer. It depends on both which way, and when. Which way means I think there are multiple projects that tries to do this, and unfortunately majority of them sucks and you will lose money, but there are a few who has made some money for the investors, in those ones you could make some money.

The "when" part means that even on those few that made money, not all would keep on making money, market is volatile, so you could have made money with them at some time, but maybe you can't right now. All these matters and this is why the best thing to do at this time would be making sure that you could actually come up with right timing and right project at the same time to profit.


Title: Re: Digital Real Estate: Is it worth it?
Post by: bolshojkush on February 12, 2024, 06:30:09 PM
I think it's just a pointless trend like NFT. I wouldn't try that out if I didn't have thousands of dollars that I could lose.

Digital real estate is a very questionable investment nowadays, but perhaps in the future we will change our mind. Remember the movie Ready Player One, there was a developed meta universe.
But, do not touch NFT, many professional artists earn money from this, of course, in addition to them, many people sell pixel images, affecting the market in a negative way.
In any case, NFTs have been given the opportunity to show their talent as an artist all over the world, and pixel NFTs will simply disappear over time, since no one needs them.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Abiky on February 13, 2024, 01:08:54 PM
Owning digital real estate or properties is just like owning or having NFTs which we all know aren't long-term investments. You can't buy an NFT and plan to hold it for years and expect to get great returns on it because this market is unpredictable and highly volatile, NFTs that are worth $2,000 today might not be worth the same tomorrow because it's all about hype and demand for certain NFTs collections and how they are promoted among investors.

As soon as an NFT collection isn't trending anymore the value of their NFTs will start dropping immediately because there won't be any people bidding for them and NFT marketplaces don't work like cryptocurrency spot markets where you ask your price and wait for someone to come and take it.

The same is the process of digital real estate or properties, they are just like digital collectibles.

The problem is that most NFT creators abandon their projects as soon as they "cash out" the money. They aren't serious enough to make the industry last a lifetime. I guess the only NFTs that will truly last are those issued by governments and corporations. The rest will simply become history, leaving many investors "holding the bag".

Digital Real Estate is still in its infancy, so anything's possible. If Decentraland and The Sandbox are constantly maintained by devs, they could last a pretty long time. It's advised to proceed with caution to avoid losing it all in an instant. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. ;)


Title: Re: Digital Real Estate: Is it worth it?
Post by: milewilda on February 13, 2024, 01:13:24 PM
Owning digital real estate or properties is just like owning or having NFTs which we all know aren't long-term investments. You can't buy an NFT and plan to hold it for years and expect to get great returns on it because this market is unpredictable and highly volatile, NFTs that are worth $2,000 today might not be worth the same tomorrow because it's all about hype and demand for certain NFTs collections and how they are promoted among investors.

As soon as an NFT collection isn't trending anymore the value of their NFTs will start dropping immediately because there won't be any people bidding for them and NFT marketplaces don't work like cryptocurrency spot markets where you ask your price and wait for someone to come and take it.

The same is the process of digital real estate or properties, they are just like digital collectibles.

The problem is that most NFT creators abandon their projects as soon as they "cash out" the money. They aren't serious enough to make the industry last a lifetime. I guess the only NFTs that will truly last are those issued by governments and corporations. The rest will simply become history, leaving many investors "holding the bag".

Digital Real Estate is still in its infancy, so anything's possible. If Decentraland and The Sandbox are constantly maintained by devs, they could last a pretty long time. It's advised to proceed with caution to avoid losing it all in an instant. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. ;)
Yes, this is one of the main issue here on crypto space. No matter how good looking, no matter how good the utlity, no matter how well known its devs or doxxed, no matter how big the community or something that do talks about demand and recognition.If ever the developers or the team would be deciding to leave out and abandoning the project then it would really be that totally over. We do know that real estate does really sounds
good and not that they are already moving here on digital world, then i must say that it isnt that a bad idea either but its not something that i would really be putting up 100% on it.

We've seen the worst and one example is this.

Justin Bieber's Bored Ape NFT 'nightmare' investment: $1.24M loss
https://www.marca.com/en/lifestyle/celebrities/2023/07/04/64a37b8fca47414e198b45db.html

A very sad situation indeed! This is why im not really that a fan of NFT.


Title: Re: Digital Real Estate: Is it worth it?
Post by: wtsimis on February 13, 2024, 04:53:23 PM
Investing in digital real estate can be a worthwhile venture for those who understand the evolving landscape . Digital real estate includes such things as virtual property, domain names or non-fungible tokens. This concept has become more attractive with the rise of blockchain technology allowing other digital assets. But like any investment it also carries high risk. Success depends on market trends and demand.


Title: Re: Digital Real Estate: Is it worth it?
Post by: yazher on February 13, 2024, 05:16:41 PM
In the name of digital more things were happening around. In my understanding everything is a hype and those who were able to enjoy the good at the right time through investment finds it worthy. Other than that it is just a way of tokenizing services/asset and what have been used is the real estate.

This only happens if you already know where the project will end up later because when you have this kind of mindset while you invest your money in this kind of project, you are prepared to sell your altcoins as soon as the price increases at the rate you prefer. unlike other top altcoins that have no trust issue, this kind of investment is seriously risky, and only those who know what they are doing who gonna risk their money with it you need to understand that not all of them are good because they will also be there to promote this fraud project and leave you behind once you invested along with some new recruitments who were fooloed to invest in the temporary hyped project. if you want to know more, you can search them and you will find a huge list of such projects that were hyped at first but shitcoins at the end.


Title: Re: Digital Real Estate: Is it worth it?
Post by: Games.Bitcoin on February 13, 2024, 05:25:13 PM
Digital real estate has attracted attention because of the possibilities for other experiences and creative expression in virtual worlds.  Although many people do not understand it very well and see it as a hypothetical or a trend. This digital real estate holds the promise of an increasingly digital world where social action becomes more integral to commerce and entertainment . There is always risk in investment so before investing you must do risk management.