Mark Cuban calls Metaverse Land Buyers ‘Dumb’! Why Though

The billionaire Dallas Mavericks owner and avid crypto enthusiast is not sold on the metaverse.

Billionaire investor Mark Cuban has strong opinions about high-value real estate purchases taking place on decentralized blockchains. The metaverse loosely describes the emerging virtual world where people can shop, hang out with others and play. The idea of the Metaverse being this all-encompassing VR world is one that many are not intrigued by. While Metaverse landlords and other investors pour money into Metaverse real estate. The billionaire's sentiments come as the increasing hype surrounding the digital universe seems to be fading away.

Mark Cuban calls Metaverse land buyers 'dumb':

Cuban is a public figure inside the world of cryptocurrency, a world that's been intrinsically tied to the Metaverse. Without mentioning any specific crypto projects, Cuban said he would be less averse to metaverse real estate offerings once they have a community in place because they can find places with perceived value based on how the community works. In the interview, Cuban even went as far as to insult Metaverse real estate sold by BAYC creators Yuga Labs.

The Sandbox and Decentraland platforms enable investors to buy land as an NFT, which can be developed with virtual buildings or experiences or resold on secondary markets like NFT exchange OpenSea. The volume of land sales across some of the biggest metaverse platforms like the Sandbox, Decentraland, and Voxels was more than $60 million.

Cuban's insistence that Metaverse real estate is stupid is shared by a lot of people. Since the end of last year, interest in the virtual property has waned substantially. However, Cuban said that as of right now, the definition of the metaverse is unclear, and it remains up in the air as to whether or not the technology will be fruitful. The metaverse is unclear, and it remains to be seen whether the technology will prosper in the future. 

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