Digital Real Estate: Is it worth it?

[coin-investor]

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.

[Wakate]

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.

[Silberman]

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.

[umityesil]

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

[mu_enrico]

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

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

[Abiky]

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/

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?

[libert19]

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/

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  

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.

[ultrloa]

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/

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  

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.

[libert19]

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.

[tygeade]

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.

[libert19]

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.

[o48o]

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.

[goldkingcoiner]

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?

[VFalcon]

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

[abel1337]

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. 

[cheezcarls]

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.

[Yatsan]

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.

[Abiky]

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.

[Taskford]

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.

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.

[zasad@]

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.