Digital Real Estate: Is it worth it?

[n0ne]

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.

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[Abiky]

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.

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--

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.

[tbterryboy]

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.

[FanEagle]

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.

[bolshojkush]

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.

[Abiky]

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.

[milewilda]

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.

[wtsimis]

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.

[yazher]

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.

[Games.Bitcoin]

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.