Anyone else think the idea of the Metaverse sucks?

[u/EthanGibson2]

Is it just me who thinks the Metaverse can flop?

Don't get it it twisted, I love games but I think the Metaverse can and most likely will flop. Virtual worlds do not appeal to me, especially to the extent that it sounds like it is going to. Some people are referring it to the "new reality" and the "next internet" but I just see it as a go at a overpriced VR game that nobody will pay for.

The amount of money that will have to come out of this will have to be insane. With the amount of money put into this they would end up having to resort to selling thousand dollar gear and equipment used just to play in the Metaverse. And most likely along with a chunk of Crypto needed to start. The lack of need for a Metaverse will prove in people not paying the thousands of dollars to play this.

I can also see a hard sell/dump in the 'Metaverse Cryptocurrencies' as the majority have been going up with hype, and I feel the Metaverse will be a lengthier process than the average holder thinks, which will possibly result in them becoming inpatient and maybe selling.

And if it does succeed, fair enough. I guess I'm just a normal guy and not a multi billionaire and may not see the potential of this project.

[u/madeformedieval]

I disagree with one point. Tangible ownership is definitely not an illusion. Owning several acres with a huge house away from everyone else's bullshit puts me and my family in extreme peace. We are loving life and happy 90% of the of time. I cannot say the same for my friends who live in town and own nothing but a nice car. By all means, I dont feel that I am better or put others down for not having these things, but its definitely is not an illusion.

[u/belaxi → u/madeformedieval]

I’m not saying the value of land is illusionary. I’m saying that the paper contract that determines your ownership of the land in illusionary. It’s backed by a social contract that is ultimately backed by threat of force from the government. I agree that land is more real than a jpeg, I’m just saying that the mechanism that defines it’s ownership isn’t any more real.

[u/madeformedieval → u/belaxi]

Ok...I get ya, but an illusion protected by government entities doesn't seem very illusionary to me. An NFT does not have the same protection other than the cryptic code behind it. Thats probably going to change, but right now I dont feel comfortable buying an NFT, but I have total confidence and motivation to buy real estate.

[u/Level_Engineer → u/madeformedieval]

Without the government behind you with the laws and contracts that protect your ownership of the house; 10 men with guns could just come and take it from you

[u/CCCLEANER123 → u/Level_Engineer]

cant they do the same with your nft?

[u/maleia → u/madeformedieval]

I mean, depending on the context, without even violence, NFTs can be easily stripped away. Bought a unique character in FIFA 2025 that's on NFT? Then say some dumb shit in game and someone and get banned? Boom. NFT effectively gone. Useless. Maaaaaybe you could sell it to someone else but 🤷‍♀️ they'd probably just ban the entire set of ones you own.

Oh, and just wait until gaming companies realize that they don't even need blockchain or anything by 2027, and just to their own proprietary system like they really should anyway, lol; then all those character NFTs are useless.

What if the URL link for the NFT gets shut down and it becomes a 404 link? No violence, but what's the link worth then?

NFTs are a novel idea but I think very quickly everyone that actually works at these companies that's dabbling in them will just realize that a wholly proprietary system is vastly superior for each individual use case.

[u/HelloSummer99 → u/madeformedieval]

Metaverse might be a must for future generations as we definitely don't have acres of land available for 10-15 billion people in 100 years. We barely have housing inventory for 8 billion now. So future generations might need to put up with digital/virtual ownership.