00:10 — This episode is brought to you by the Cloud Wars Expo. This in-person event will be held June 28th to 30th at the Moscone Center in San Francisco, California.
00:25 — There’s a potential bubble that’s about to burst in the Metaverse real estate space—the price of real estate in the Metaverse is astronomical.
00:45 — Currently, users can’t find land in Decentraland or Sandbox for under three ETH. Is this going to last? Or, are we going to see the bubble burst and the price of real estate plummet?
01:39 — Across the planet, different cities and regions go up and down in value. For example, 80 years ago, before the Second World War, London was not an attractive place to live. Much of the East End of London was uninhabitable. Now, it’s hard to find anything under $1 million.
02:24 — What does this mean for the Metaverse? Areas in the Metaverse may go out of favor. We’re yet to see how the Metaverse develops. We’re also yet to see how the interoperability of different platforms works.
02:38 — Areas in Decentraland, when compared to other newer platforms, may go out of fashion.
03:08 — On the flip side, the Metaverse is a virtual world, which can be changed in an instant. So, if developers for Decentraland see that other platforms are gaining traction and users are more attracted to buying real estate in those platforms, they might just up their game and change the landscape to fit the trend.
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