Stupid paywall
Here's the free part:
The metaverse is in the midst of a real estate meltdown. Sales volumes and average prices for virtual land have plunged this year, part of a broader slide in crypto and non-fungible token prices.
Soaring interest in virtual property spawned an industry that mirrors traditional commercial real estate—buyers develop land by adding virtual storefronts, and then sell or rent it to companies looking to set up shop as a marketing strategy or to sell things like clothing for online avatars. Investors who bought at the peak are now sitting on land that has tumbled in value. Meanwhile the real-world economic downturn could weigh on brands’ appetite for spending on building out their metaverse presence.
https://hexbear.net/pictrs/image/xmYT6R5raD.jpg
This is just Second Life with more investor money. First as tragedy, then as farce...
What's that?
An online role-playing life-simulator in the mid 2000s. Parodied on the Office where Dwight plays it just to roleplay as the same thing he does in his real life. Many investors bought advertisement space aka real estate in that game, for example Coca Cola bought an island. The hype was unwarranted and the game died out. The game is mostly filled with sexual roleplayers nowadays from what I have heard.
That early era of internet ads when nobody knew how worthless they were was amazing. I remember the guy who had a website with a million pixels where each pixel cost $1 to advertise on, he got fukken early retirement money even though nobody had any reason to visit his site to see the ads in the first place.
FOMO is a powerful drug lol, thats why every game company is putting it into their games.
back then it was more than just sexual roleplayers - it had gambling too.
Not really surprised to hear it's full of sexual roleplayers when a lot of the ads for it were sexual