Digital Real Estate: Is it worth it?

[Abiky]

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.

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[Venik]

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.

[X-ray]

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.

[edmundduke]

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.

[wheelz1200]

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.

[MAAManda]

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.

[Raflesia]

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.

[goaldigger]

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.

[Silberman]

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.

[AakZaki]

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.

[Johnyz]

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.

[jossiel]

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.

[Wexnident]

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.

[Dr.Osh]

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.

[Husires]

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?

[cryptoaddictchie]

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.

[yazher]

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.

[edmundduke]

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

[tuoilozxiwntao]

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.

[bakasabo]

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.