Billionaire investor Mark Cuban has robust opinions about high-value actual property purchases going down on decentralized blockchains.
What Occurred: In a current interview with Altcoin Every day, Cuban described the act of shopping for land within the metaverse as “tremendous mega immaculately dumb.”
The Shark Tank investor agreed with Altcoin Every day’s Aaron Arnold likening the time period metaverse to the time period our on-line world within the nineties.
“The worst half is persons are shopping for actual property in these locations. I imply, that’s simply the dumbest sh*t ever,” stated Cuban.
“It’s not even pretty much as good as a URL or ENS as a result of there’s limitless volumes which you could create.”
With out mentioning any particular crypto tasks, Cuban stated he can be much less averse to metaverse actual property choices as soon as they’ve a neighborhood in place as a result of they will discover locations with perceived worth based mostly on how the neighborhood works.
“However beforehand, based mostly on a standard actual property mannequin? Dumbest mom fu*king shit ever.”
Earlier this 12 months, Curzio Analysis paid $5 million to accumulate a bit of digital land within the TCG World metaverse. This sale outpaced the earlier document held by The Sandbox SAND/USD metaverse, the place a single plot of land offered for $4.3 million.
Value Motion: The crypto market noticed a 2.8% improve to $1.12 trillion over the past 24 hours. Bitcoin BTC/USD was buying and selling at $23,727, up 3.14% over 24 hours and Ethereum ETH/USD was buying and selling at $1,732, up 2.81% over the identical interval.
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