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The army of speculators flocked to the meta-universe! A piece of virtual land sold for 27 million well-known singer Lin Junjie also joined the boom

author:Finance Associated Press

Financial Associated Press (Shanghai, editor Bian Chun) news, since the Us technology giant Facebook announced on October 30 that it changed its name to Meta and will make every effort to build a meta-universe platform, meta-universe has set off a wave of enthusiasm around the world and become the hottest concept in the market. Today, a wave of speculation is also blowing from physical real estate to the metacosm.

According to a november report by cryptocurrency giant Grayscale, advertising, digital campaigns, e-commerce and hardware in the metaverse could generate $1 trillion in revenue each year. Under the huge business opportunity, many giants around the world, including Microsoft and Disney, have announced their investment in the construction of meta-universes.

In the past month, meta-universe real estate has also become a target for investors to "scramble", who have spent a lot of money to buy land on virtual world platforms such as Sandbox and Decentraland.

After purchasing "virtual land" on the virtual world platform, you can build your own virtual house on it, build your own brand, or showcase your non-functional game collection. In short, as an "owner", you can renovate the land to any shape you like, and later you can resell it on the open market like a real house or land.

With the continuous influx of individual players and "speculators", the purchase price of virtual land has repeatedly broken the previous high. Investors believe that as more and more people flock to this space, the virtual properties in their hands will increase significantly. Perhaps, in the near future, people will not be able to afford to buy a house even in the virtual world!

On Tuesday (November 30), the boom reached a new peak. A virtual piece of land on Sandbox sold for $4.3 million (about 27.39 million yuan), setting a new record for the transaction price of "Meta-Universe" real estate and breaking the record of $2.43 million for a virtual piece of land on the Decentraland platform. Even in Manhattan, the busiest city in the United States, the average house price is not as high as this.

The buyer of the virtual land is reportedly Republic Realm, a company that invests in and develops virtual real estate and other digital assets. According to publicly available market information, Republic Realm currently owns about 2,500 digital lands on 19 different metaverse platforms.

Singapore's well-known singer Lim Chun Kit also recently announced that he bought three virtual lands on the Decentraland platform and officially set foot in the meta-universe world. He estimated spent about $123,000, or about 783,000 yuan, on the purchase of the three "plots."

He posted his land on Twitter and openly recruited neighbors, saying "Is there anyone with you?" ”

The army of speculators flocked to the meta-universe! A piece of virtual land sold for 27 million well-known singer Lin Junjie also joined the boom

How do analysts view meta-universe speculation?

Is the meta-universe speculation really "money way" infinite? Will the influx of various capitals end up in a chicken feather?

In response to why some people buy virtual real estate, CMB International said that these properties have real value. Justin Bieber held an online concert in the virtual world in November this year. LV and Gucci also plan to advertise in-game rental ad slots. In addition, non-homogeneous tokens increase in value rapidly, and asset appreciation is stronger under the dual drive of coin speculation and house speculation.

Shen Yi, director of the Cyberspace International Governance Research Base of Fudan University, believes that the price of land in real life is determined by the value it generates, land can be turned into building land, and the value sold by the commercial and residential buildings above him determines the price of land. However, if you buy a piece of code on the virtual world platform and build a building in it, how can you ensure that everyone is willing to live in it?

Shen Yi said that some people may want to lure the next person in so that they can get rid of the Ponzi scheme at a high price and achieve rapid wealth growth.

Zheng Lei, chief economist of Baoxin Financial Group, believes that strictly speaking, the so-called "real estate" in the meta-universe can only be regarded as virtual digital products, but because there are no real assets and do not meet the concept of digital assets, they cannot be protected by relevant laws at present.

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