Metacosm is a new virtual reality fusion of Internet applications and social forms produced by integrating network communications, extended reality, digital twins, blockchain, artificial intelligence and other new technologies, with complete economic logic, data, objects, content and IP, is a perpetual, constantly refreshed real-time digital world, and allows each user to produce content and edit the world.
Many people mention the metaverse, which generally feels like a large-scale game of virtual interaction, but some people also see the business opportunities inside, and seize virtual resources to become a new round of enrichment. The rise of the meta-universe has led to a wave of speculation fever, so that many speculators have discovered a new continent.
On November 23, the famous singer Lin Junjie announced on Twitter that he had purchased three virtual lands on the Decentraland (distributed continent) platform and officially entered the metaverse world. Together, these three plots cost Lin Junjie about $123,000. Abroad, the highest record price of land in the virtual world was $4.3 million (about 27.3 million yuan), which occurred on November 30, 2017, when a piece of land was bought on The Sandbox platform.
There is a veteran player, he holds a virtual property and digital collection worth about 170,000 yuan, while the cost of the previous entry is about 10,000 to 20,000 yuan, a net profit of 150,000 yuan in just one month. There are also some people who do virtual second-hand housing transactions on the meta-universe platform, hoarding more than 100 suites at low prices in the early days, and it doesn't take long to sell them at several times the price, making tens of thousands of net profits per month.
Although the virtual real estate on the metacosm cannot be inhabited, it has the financial attributes of platform transactions, which is very similar to the operation principle of digital currency. Based on blockchain technology, the limited supply of each property plot can be increased by leasing or speculation, and then transferred at a high price to make a profit. According to meta-universe platforms, for virtual lands, owners can build any type of game and asset, host live events, assemble NFT art collections, or simply rent them out to others to profit from their projects.
According to Dapprader data, in November, platforms such as Decentraland and The Sandbox saw unprecedented traffic and trading activity, with virtual land transaction volume reaching $228 million, the best month to date, up nearly 700 times from the previous month, to 688%. In addition, the valuation of virtual land in November increased by 900 times to 904% compared with the end of September, while the number of independent traders involved in land transactions reached a record 28,000, an increase of 145% from the previous month.
The pricing of virtual real estate is very different from the logic of reality, there are many influencing factors, there is a lot of uncertainty in buying a house in the virtual world, if the company has technical or operational problems, then these "properties" will disappear with it. Because it is a virtual digital product, there is no real asset, and it cannot be protected by relevant laws at present.
Big players through the concept of speculation to pull up the stock price high cash, medium players will productize the concept to collect platform taxes, small players on the platform to find opportunities to speculate and speculate, some training projects related to the meta-universe are also sought after, almost all participants in the early days are profit-seeking, and eventually become a financial game of drumming and passing flowers. At present, the speculative function of the metaverse has been amplified, the financial attributes have been continuously strengthened, and whether the history of virtual currencies will be repeated is still unknown.
People's Daily commented on the meta-universe, the meta-universe is a mirror flower, or a touch of the future, is it capital speculation, or a new track, is a new bottle of old wine, or a new breakthrough in science and technology, before concluding, you may wish to let the bullet fly for a while. Just as whether it is virtual reality, augmented reality or mixed reality, the central word is "reality", which also indicates that without the support of reality, it is a mirage after all, a wood without roots.
At this stage, the metaverse is using human nature to develop two functions, one is the investment function, attracting players and capital to enter the game, profiting from opportunism; the other is the entertainment function, which can allow more users to live, play, socialize and work in the virtual world. Personally, I believe that if the metaverse is allowed to develop deformed, it will not only disrupt the stability of the financial market, but also easily make people addicted to the virtual world and unable to extricate themselves, which will seriously affect real life. The metacosm should try to integrate with reality, seek more possibilities for the application of technology in the industry, beware of metacosmity becoming a tool for money in disguise, and promote the Internet economy to derealize to virtual.