"Meta universe real estate speculation" intensifies People's Daily: Beware of the heat to the point of scalding

  What is Metaverse "Real Estate"?

  The so-called "real estate" in the meta universe is actually a part of the virtual space in the meta universe.

  After you own these virtual spaces or meta-universe "real estate", you can build and decorate them, open shopping malls, use them as museums to display virtual collections, or rent them out.

From this point of view, in addition to being unable to live in it, the "real estate" of Metaverse seems to have most of the attributes of real estate in the real world, which can be bought and sold, leased, developed, and constructed.

  ■ As the concept of Meta Universe becomes more popular, real estate transactions in Meta Universe have also become popular.

Real estate transactions in this virtual world have frequently set new high prices recently, even exceeding the actual housing prices in many large cities in the real world.

  ■ According to statistics from Dapp (Dappradar.com), during the week from November 22 to 28, the total transaction volume of the four major Meta universe real estate trading platforms approached 106 million U.S. dollars.

  ■ According to Forbes, a construction company can make nearly $300,000 in designing a project in Meta Universe.

Indicators such as size, location, and height also affect specific prices.

These virtual real estates rely on the meta universe where they are located. Therefore, factors such as the popularity of the meta universe project, the maturity of the development and the activity of the community will also affect its business prospects to a large extent.

  ■ Similar to many virtual assets, Metaverse “real estate” also has security risks.

If the metaverse declines and no one cares about it, or the hot money in the market fades, or the regulatory policy is adjusted, it may bring huge downward pressure on prices.

  Meta universe virtual land

  The amount of "land speculation" is staggering

  According to "China Economic Weekly" quoting Hong Kong media reports, on the morning of December 9, Hong Kong real estate giant and CEO of New World Development Group Zheng Zhigang announced an investment in the Metaverse virtual world game "The Sandbox" and the purchase of the largest digital plot in The Sandbox. One is to build an "innovation center" to showcase the commercial success of new ventures in the Greater Bay Area.

According to people familiar with the matter, Zheng Zhigang's investment in this virtual land is about 5 million U.S. dollars (about 32 million yuan).

  It is reported that Zheng Zhigang will display 10 characteristic companies on this virtual land, including diagnostics and genetic testing developer Prenetics, logistics unicorn Lalamove, technology accessories brand Casetify, etc. These companies are all related to New World Development and Zheng Zhigang’s venture capital investment. The company has a connection or partnership.

He also said that these startups will launch NFT, immersive experiences and entertainment.

  On November 23, the famous singer Lin Junjie said on Twitter that he holds three virtual plots on the meta universe platform Decentraland: Prime Gallery 1, Prime Gallery 2, NEAREST to GENESIS PLAZA. According to estimates, the value of these three plots is about 12.3 Million US dollars, or about 784,000 yuan.

Before that, JJ Lin spent 125 Ethereum (approximately US$550,000) on the 11th to buy CryptoPunks No. 8601.

  On November 28, also on Decentraland, another piece of digital land was sold for a record amount of about 2.43 million U.S. dollars in cryptocurrency. The buyer was Canadian listed company Tokens.com Corp.

Subsidiary Metaverse Group, this transaction set a record high in the price of virtual real estate at that time, and the selling price has been slightly higher than the average price of a single house in Manhattan, the United States in reality.

  Two days later, Sandbox, another Metaverse platform, was not to be outdone. A piece of virtual land on its platform was sold for approximately US$4.3 million, equivalent to approximately RMB 27.3 million, which was worthy of a villa in Houshayu, Shunyi, Beijing. Buyer It is a real estate company called Republic Realm, Meta Universe, and the price has once again set a new record for the price of virtual land.

  The price of a virtual sea-view room is 200,000 yuan

  The absurd scene of hoarding and looting houses is also staged in China

  As a rigid need of the real world, "living" also extends to the meta-universe world.

Buy a piece of virtual land first when you enter the meta-universe, which has become a “get rich experience” among some populations.

  According to foreign media reports, when Decentraland, a virtual world based on the Ethereum blockchain, was auctioned for the first time in 2017, some plots sold for about US$20, and only 4 years later, the resale price has reached hundreds of thousands of US dollars. .

  Domestically, in a closed beta game, the absurd scene of hoarding and looting houses was also staged.

  On October 28, the virtual social meta-universe app "Honnverse Rainbow Universe" developed by Tianxia Show started its internal test. The product was launched two weeks ago, and the number of people who booked the test has exceeded 130,000.

When the online limited edition virtual real estate booking activity was opened a few days ago, the server crashed due to the large number of participants.

  Users need to make an appointment in advance to snap up virtual real estate, and then they can enter the game after the number is reached.

From the beginning of the closed beta, users have hoarded a lot of houses.

There are already more than 100 houses under the name of "Big Brother", which is the number one in the Rainbow Universe World Ranking.

  Since it is currently in the closed beta stage, only the house is eligible to log in to the game. Someone rents an account on Xianyu in order to enter the game. The price is 5 yuan for 24 hours.

This is only a small amount of money.

  It is worth noting that the domestic Rainbow Universe currently distributes ready-made houses, and users can only dress up houses. The foreign head Meta Universe game platform sells plots, and users can build houses on the plots independently.

  According to the official news of Tianxia Show, the "Rainbow Universe" platform will issue a total of 350,000 virtual houses. These virtual houses have six levels of houses according to the different topography of planet P. There are 13 types of houses in total, and the circulation and scarcity of each house type are all. Different, the house is divided into SSS, SS, S, A, and B from high to low. The higher the level, the more rare it is.

It is estimated that 20,000 sets will be distributed free of charge.

  The number of officially released houses is limited. Such a hard-to-find hunger marketing has directly caused the virtual real estate transactions in the Rainbow Universe in the Xianyu, WeChat, and QQ communities to be in full swing.

  In Xianyu, WeChat, and QQ groups, Hong Kong's real estate "prices one day can double in three days", and the current highest-level SS-class real estate has been sold at a price of 18,000 yuan.

On Xianyu, there are also many transaction records of SS-class houses sold for 8,000 yuan.

  According to a report from China Economic Weekly, on November 21, reporters logged into Xianyu APP and found that a set of Hong Kong Universe’s “SS Ring Sea Island” virtual real estate with a rarity of 0.12% was listed at a price of 100,000 yuan. The bid is 120,000 yuan.

More users have listed a set of virtual real estate "SS Sea Island" with "Land Deed Number Top 5" with a price tag of 200,000 yuan. As of November 22, 3 people "want".

  High prices of virtual real estate

  Is it "cutting leeks" or is it worthless?

  From the perspective of game development, virtual real estate games are still in the stage of development.

An employee of a well-known foreign game company told the "International Finance" reporter that the company has not yet set foot in the development of virtual real estate games.

  Many other game practitioners believe that virtual real estate is purely cutting leeks and has no development value. Even if it is valuable, there is no physical value.

  But from the perspective of experienced players, the value of virtual real estate is unlimited.

  Wang Le, a virtual real estate game player, told the "International Finance" reporter that he already owns about 5 million yuan of virtual real estate on major virtual platforms.

He believes that the virtual real estate model is the ultimate goal of future assets, which is equivalent to human beings discovering the "New Continent of America" ​​and exploring a new world.

  In Wang Le's view, virtual real estate is just a kind of game props. If the player has rights, it is worth buying, just like the skin of the glory of the king.

In addition, virtual real estate is guaranteed, and the sense of asset security attracts many players to buy.

He mentioned, "Virtual real estate is published on ETH, as long as you don't authorize it, even game developers can't touch your virtual real estate."

  Player Wang Le does not approve of the argument of "real estate speculation" in virtual real estate.

He believes that after virtual real estate is bought, it will bring many rights and interests in the future, and those who recognize it will buy it.

Of course, it is not ruled out that some people speculate on "real estate speculation."

  So, where do the rights and interests behind virtual real estate exist?

  Wang Le said, “Virtual real estate will have huge monetization capabilities in the future. People flow, commerce, live broadcasting, and advertising are all channels for virtual real estate to monetize in the future. Just like the Internet back then, virtual real estate will carry a new source of power for the world’s economic development. Not only investment, but also huge opportunities for employment, new economic growth points, and new industries, just like Taobao has solved many people’s employment problems." Comprehensive CCTV Finance, Daily Economic News, The Paper

  People's Daily commented on Yuan universe real estate speculation

  Prevent the risk of scalding from heat

  A few days ago, the top ten buzzwords of 2021 were released, and "Meta Universe" was among them.

The so-called meta-universe is regarded by some as a vehicle for the integration of the virtual world and the real world, and it has hidden opportunities for scene changes such as games and social interactions.

Recently, the "house speculation fever" has also blown into the meta universe.

  Buying land, buying houses, buying materials, decorating, waiting for appreciation, and then selling...Virtual real estate transactions are roughly the same as real estate transactions in real life, except that they are in different spaces and different scenarios.

However, whether it is speculation or investment, a bubble or an outlet, hype or a trend, there is still a big question mark.

  New things will inevitably bring a variety of new understandings.

People have different opinions on how to define the nature of "meta universe real estate speculation", how to estimate the trend, and how to treat the trend.

Some people see it as an opportunity and think it is the "wealth code" of the future; some people feel magical, "the body has no place to sustenance, and the spirit of building a house"; some people participate in speculation, "if it can rise to several million, then sell it Some people regard it as a hype, “creating a sensational transmission effect to attract investors”; some people are full of expectations, thinking that this type of real estate has transaction and circulation attributes, and there is room for appreciation; some people can’t help but worry, fearing that it will conceal “drumming and spreading flowers”. Scams...all of these, every view is like a polygonal side, not enough to show the whole picture.

Perhaps, you need to let the bullet fly for a while, and in a longer period of time, you can observe more clearly and understand more deeply.

  Currently, Metaverse and its related application scenarios are still in the initial stage of development.

This is the basic premise for analyzing and discussing related topics.

In particular, the meta-universe as an industry, although there are infinite possibilities, there are even more uncertainties.

Whether it is enriching concepts or exploring extensions, whether it is developing industries or market investment, it is still an exploration attempt based on technology, ideas and needs.

This is a gradual development process, from virtual to real, from seeing to tangible, and there is still not a small distance. You may wish to calm down and think twice to avoid the risk of heat to scalding.

  New things are bound to accompany new risks.

At present, "Meta universe real estate speculation" is often based on NFT (non-homogeneous tokens).

In this sense, virtual real estate transactions are suspected of "real estate speculation" and "currency speculation".

Some experts pointed out that there are compliance risks of the trading platform in the NFT investment market, whether the issuer constitutes a compliance risk of currency issuance, and whether the buyer has liquidity risk when reselling.

Related to this "metauniverse real estate speculation", there are also risks such as the tendency of product financialization and skyrocketing, speculation and fraud, illegal fundraising, and money laundering through gambling.

More importantly, my country has not yet clarified the legal nature, transaction methods, supervisory bodies, and methods of NFTs. Some other forms of virtual asset transactions have not received legal support in my country and many other countries.

In fact, the value growth of any innovative product should be established in a safe market environment and a normal financial order. Only by being aware of and preventing potential risks can it help guide the healthy development of the industry.

Therefore, the advanced development of new things can neither be unbounded nor disorderly. It needs to be tolerant and indulgent, and supervision should be encouraged to take the lead in innovation.

  Participating in the "Meta universe real estate speculation", is it a wealth opportunity or a cut leek?

At present, there are many virtual world products known as Metaverse. As long as any company declines, the virtual products purchased by investors will be lost. Such lessons are abound in the history of game props trading.

"Meta universe real estate speculation" is Alibaba’s cave or Pandora’s Box, we might as well take a closer look.

But what should be sobering is that being in a virtual space and anchoring the speculation of making quick money may be a "bubble" that bursts at once.

In the final analysis, new concepts and the maturity of the industry still need to be built brick by brick. Only with the development of technology, the support of reality, the constraints of rules, the cohesion of consensus, and the advancement of concepts can we truly achieve stability and long-term progress.