Investors Warned of Metaverse Land Price Bubble

[snoop1130]

 

BANGKOK (NNT) - Institutions have warned investors to remain cautious about the possibility of a metaverse pricing bubble in the future, saying markets for cryptocurrencies are highly sensitive to a number of factors.

 

The subject was raised at a recent meeting co-hosted by Chulalongkorn University and the Puey Ungphakorn Institute for Economic Research of the Bank of Thailand. Participants discussed the book "Is Metaverse LAND a Good Investment?" It Depends on Your Unit of Account!" by Kanis Saengchote of Chulalongkorn Business School’s Department of Banking and Finance and Voraprapa Nakavachara, Chulalongkorn University’s assistant to the president for global engagement.

 

The papers, which discuss virtual land prices in the Sandbox, a blockchain-based metaverse, claim that between December 2019 and January 2022, sellers’ prices increased up to 300 times, while the repeat sales index increased 12 times.

 

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According to Kanit, individual virtual land sales in the Sandbox hit a high of around 140 million baht this year, while Decentraland, another prominent Metaverse project, hit a high of around 115 million baht. These findings could point to a virtual land price bubble, warning investors to exercise caution in their investments.

 

The metaverse is becoming increasingly popular among business owners, investors, and consumers worldwide. It has provided several advantages for business operations, such as public relations and marketing, new customer experiences, and opportunities to acquire new clients.

 

Experts believe that the metaverse will help boost the country’s GDP through the digital economy by creating more jobs in the technology sector.

 

-- © Copyright NNT 2022-04-22

 

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[Sparktrader]

Buy real land. They say McDonalds is not rich cause of burgers but real estate.

 

% rates going up though.

[Rampant Rabbit]

is there a  committee  to make up the stupid <deleted>in words  daily in Thailand

[StayinThailand2much]

Land in the Metaverse? I'd rather buy property on the moon...

Edited April 22, 2022 by StayinThailand2much

[kwonitoy]

1 hour ago, StayinThailand2much said:

Land in the Metaverse? I'd rather buy property on the moon...

Just after the Moon landing when Pan-Am was booking flights to the Moon, to interest youngsters in space you could send a Post Cereal box top and a dollar and get an ownership certificate of 1 square inch of the Moon.

Mine was place of pride for a 10 years space nut of a boy

 

https://duckduckgo.com/?q=land+certificate+from+the+moon+Post+ceral&atb=v315-1&iax=images&ia=images

[Tropicalevo]

I thought that people were dumb to buy coins that do not exist.

Then there were pieces of art that do not exist.

But to 'invest' in land that does not exist? The lunatics are now running the asylum.

[josephbloggs]

3 hours ago, Rampant Rabbit said:

is there a  committee  to make up the stupid <deleted>in words  daily in Thailand

Which word made up in Thailand are you referring to?

[freedomnow]

Can I buy a bridge to manhattan on this platform ?

[kwonitoy]

40 minutes ago, freedomnow said:

Can I buy a bridge to manhattan on this platform ?

I've got a picture of one for sale, cheap, today only. Bitcoin only

[hotchilli]

10 hours ago, StayinThailand2much said:

Land in the Metaverse? I'd rather buy property on the moon...

The dark-side?

[RocketDog]

That warning is valid for anybody investing in smoke and mirrors.

[jollyhangmon]

... seriously serious??!    ????   

 

5555 ...   

 

[Iamfalang]

13 hours ago, Sparktrader said:

Buy real land. They say McDonalds is not rich cause of burgers but real estate.

 

% rates going up though.

Rich because of their burgers.    …. Which allowed them to buy properties.   Wealthier.  
 

and selling franchises

[Iamfalang]

If I buy the Sun, can I charge Earth a fee?

[Excel]

12 hours ago, Rampant Rabbit said:

is there a  committee  to make up the stupid <deleted>in words  daily in Thailand

Its genetically inherited by many Thai males I think.

[Enzian]

Warren Buffett called it all "rat poison" for a reason.

[RafPinto]

That's even worse then putting a house in a Thai woman's name.
Here at least, you can live until she kicks you out.

[Sparktrader]

6 minutes ago, Enzian said:

Warren Buffett called it all "rat poison" for a reason.

Buffet knows nothing about tech stuff though.

[Sparktrader]

13 hours ago, Tropicalevo said:

I thought that people were dumb to buy coins that do not exist.

Then there were pieces of art that do not exist.

But to 'invest' in land that does not exist? The lunatics are now running the asylum.

Money doesnt exist

[Pmbkk]

10 minutes ago, RafPinto said:

That's even worse then putting a house in a Thai woman's name.
Here at least, you can live until she kicks you out.

 

I have a house in my wife's name - never had an issue.

 

Maybe it's the type of women you hang out with ????

[Mr Meeseeks]

I made bank on NFT Worlds, bought 3 at 4 ETH each and sold at 14 ETH each.

 

Profit of about $90k.

 

Not bad for a couple of weeks' work.

 

I also bought an Azuki NFT at 7.4 ETH current value 30 ETH. Unrealised profit about $80k as they also airdropped me two beans which are worth about 4 ETH each.

 

Don't knock NFTs or the metaverse if you don't understand it. ????

[fondue zoo]

Irene Zhao - 7.5 million?

[Thailand]

28 minutes ago, Mr Meeseeks said:

I made bank on NFT Worlds, bought 3 at 4 ETH each and sold at 14 ETH each.

 

Profit of about $90k.

 

Not bad for a couple of weeks' work.

 

I also bought an Azuki NFT at 7.4 ETH current value 30 ETH. Unrealised profit about $80k as they also airdropped me two beans which are worth about 4 ETH each.

 

Don't knock NFTs or the metaverse if you don't understand it. ????

Made a few thousand $'s selling Metaverse related domain names over the past 5 months so definitely opportunities in various forms.

[herfiehandbag]

I freely admit to being a bear of very little brain, but what on earth is this thread about?

Edited April 24, 2022 by herfiehandbag

[josephbloggs]

2 hours ago, herfiehandbag said:

I freely admit to being a bear of very little brain, but what on earth is this thread about?

It's about the risk of a Metaverse land price bubble and investors being warned about it.

[Sparktrader]

2 hours ago, herfiehandbag said:

I freely admit to being a bear of very little brain, but what on earth is this thread about?

Fake land in cyberspace

[ThailandRyan]

On 4/22/2022 at 10:21 PM, Tropicalevo said:

I thought that people were dumb to buy coins that do not exist.

Then there were pieces of art that do not exist.

But to 'invest' in land that does not exist? The lunatics are now running the asylum.

However, I now own Park Place and whomever wants to cross my land or stand out front, no matter what Monopoly game they are playing will owe me royalty payments paid in swahili coin....

[Thailand]

4 hours ago, herfiehandbag said:

I freely admit to being a bear of very little brain, but what on earth is this thread about?

The Metaverse is  place where your Avatar in 3D form can go and do whatever it wants whilst at the same time you can sit behind a keyboard and post on TV. (Sort of)

Hope that helps.

Edited April 24, 2022 by Thailand