Awesome insights. I do have some comments I would like to share
i dont think that land scarcity is the primary contributor of value. I think one of the biggest reasons open worlds like Decentralland or the Sandbox have high land valuations falls back to the strength of the team, the nature of the governance model & having a very strong community empowered to create & dictate how their mini-economies operate. Not to mention the great collaborations and events.
When you think about it, there isnt much scarcity when it comes to the availability of virtual land. Each project now claims to be working on a metaverse of their own, but eventually, peoples attention is going to flock to wheres value to be had.
We've seen how people are willing to sell a kidney to be neighbors with Snoop Dogg. They're betting that these exclusive new 3d websites are going to have the most foot traffic, with lesser grade virtual words existing but not enjoying that much attention.
with regards to reclaiming or decommissioning unused land, believe that streamlining the land rental process is going to be very beneficial for populating these worlds and realizing their full potential in the sense that land investors can lease out the land to developers thus unlocking some liquidity from their assets, and on the other side of the spectrum, the developers and brands have a low barrier to entry.
Personally, I advise brands on how they can enter this new internet and ideate on how to provide value to their users and raise brand awareness to a wider audience, the first question is, where are the people? :) (i usually take them on Decentraland tours)
Its a very valid question and platforms like Decentraland have about a couple of thousand daily active users, so to get to that stage of a vibrant, bustling world, i think that education and plus value are the key to more foot traffic. NFTs & blockchain games have proven that people are willing to re-skill & upskill knowing that there is some value to be had.
again, appreciate the insights and would love to connect some time T: @metaversive
Awesome insights. I do have some comments I would like to share
i dont think that land scarcity is the primary contributor of value. I think one of the biggest reasons open worlds like Decentralland or the Sandbox have high land valuations falls back to the strength of the team, the nature of the governance model & having a very strong community empowered to create & dictate how their mini-economies operate. Not to mention the great collaborations and events.
When you think about it, there isnt much scarcity when it comes to the availability of virtual land. Each project now claims to be working on a metaverse of their own, but eventually, peoples attention is going to flock to wheres value to be had.
We've seen how people are willing to sell a kidney to be neighbors with Snoop Dogg. They're betting that these exclusive new 3d websites are going to have the most foot traffic, with lesser grade virtual words existing but not enjoying that much attention.
with regards to reclaiming or decommissioning unused land, believe that streamlining the land rental process is going to be very beneficial for populating these worlds and realizing their full potential in the sense that land investors can lease out the land to developers thus unlocking some liquidity from their assets, and on the other side of the spectrum, the developers and brands have a low barrier to entry.
Personally, I advise brands on how they can enter this new internet and ideate on how to provide value to their users and raise brand awareness to a wider audience, the first question is, where are the people? :) (i usually take them on Decentraland tours)
Its a very valid question and platforms like Decentraland have about a couple of thousand daily active users, so to get to that stage of a vibrant, bustling world, i think that education and plus value are the key to more foot traffic. NFTs & blockchain games have proven that people are willing to re-skill & upskill knowing that there is some value to be had.
again, appreciate the insights and would love to connect some time T: @metaversive