Owning Digital Land – Lifetime Opportunity or Total Scam? NFT Digital Real Estate Deep Dive

Is buying digital land in virtual worlds an actual investment opportunity? I admit, this does seem outrageous. But technologies like blockchain and VR are making this digital real estate economy possible.

Non fungible tokens (NFT) represent unique digital items on the blockchain. NFTs could be collectibles; game items such as weapons and skins; digital art; event tickets; or virtual real estate.

Virtual worlds like The Sandbox, Decentraland, Cryptovoxels, and Somnium Space are places where you can buy parcels of digital NFT land with clear proof of ownership on the blockchain. Companies are buying upward space to hold virtual conferences and experiences for profit!

This video is about my journey in exploring whether investing in virtual land is an opportunity of a lifetime or a total scam!

*Correction: Color in Cryptovoxels is now free.

0:00 The Virtual Economy
4:50 Can Digital Assets Be Scarce?
7:23 Is Blockchain engineering Secure?
nine:33 The Sandbox Preview
10:05 Somnium Space Burning Man Festival
10:57 Cryptovoxels Land Price Analysis
13:39 Decentraland Economic Activity
14:43 Verdict on Digital Land Investing

References
The article that threw me into this rabbit hole: https://atelier.net/virtual-economy/
Great summary of Ethereum security: https://www.sfox.com/blog/how-secure-is-ethereum/
Resource for all things mataverse: https://dclplazas.com/
Andrew writes insightful articles about NFTs: https://andrewsteinwold.substack.com/
An active community builder in the metaverse: https://www.youtube.com/channel/UCn_tz_81xsEIPjIXVzKahgQ

I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.

Skin in the game disclosure: I own the Vanguard Total World Stock ETF, follow a few hedge funds, own physical gold, and Bitcoin.

#digitalrealestate #digitalland #nft