Digital Real Estate: Is it worth it?

[poodle63]

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.

[krishnaverma]

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.

[Abiky]

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

[DapanasFruit]

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.

[sana54210]

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.

[milewilda]

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.

[KingsDen]

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

[_BlackStar]

-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.

[JeffBrad12]

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.

[Publictalk792]

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.

[oktana]

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.

[fullhdpixel]

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.

[GeorgeJohn]

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.

[KingsDen]

-snip-

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

[Bushdark]

-snip-

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.

[_BlackStar]

-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.

[rhomelmabini]

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.

[johnsaributua]

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, 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.

[btc78]

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.

[jrrsparkles]

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.