{"id":12210,"date":"2022-08-14T16:16:00","date_gmt":"2022-08-14T23:16:00","guid":{"rendered":"https:\/\/BigJimIndustries.com\/wordpress\/?p=12210"},"modified":"2022-08-20T16:18:25","modified_gmt":"2022-08-20T23:18:25","slug":"meta-sad","status":"publish","type":"post","link":"https:\/\/bigjimindustries.com\/wordpress\/2022\/08\/14\/meta-sad\/","title":{"rendered":"Meta Sad"},"content":{"rendered":"\n<p><em><a href=\"https:\/\/www.cnbc.com\/2022\/08\/10\/mark-cuban-buying-real-estate-in-the-metaverse-is-dumbest-idea-ever.html\" target=\"_blank\" rel=\"noreferrer noopener\">from CNBC<\/a><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Mark Cuban: Buying real estate in the metaverse is \u2018the dumbest\u2019 idea ever<\/h2>\n\n\n\n<p>by <a href=\"https:\/\/www.cnbc.com\/cheyenne-devon\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cheyenne DeVon<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107101486-1660079459512-gettyimages-1230828427-155732_3383.jpeg?v=1660079506&amp;w=929&amp;h=523\" alt=\"\"\/><figcaption><em>Christopher Willard | Disney General Entertainment Content | Getty Images<\/em><\/figcaption><\/figure>\n\n\n\n<p>Buying digital land in the metaverse may not be the best use of your money, according to billionaire investor Mark Cuban.<\/p>\n\n\n\n<p>Although Cuban is a well-documented\u00a0<a href=\"https:\/\/www.cnbc.com\/2022\/01\/14\/mark-cuban-says-80percent-of-his-non-shark-tank-investments-are-in-crypto.html\" target=\"_blank\" rel=\"noreferrer noopener\">cryptocurrency enthusiast<\/a>, he called purchasing virtual real estate in the metaverse \u201cthe dumbest s&#8212; ever\u201d in a\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.youtube.com\/watch?v=BUXuxGbZ6nw\" target=\"_blank\">recent interview<\/a>\u00a0on the Altcoin Daily YouTube channel.<\/p>\n\n\n\n<p>Despite being an investor in Yuga Labs, which owns popular NFT collections such as Bored Ape Yacht Club that has sold digital land plots, Cuban said buying virtual real estate is \u201cdumb.\u201d<\/p>\n\n\n\n<p>\u201cIt was great money for them, but that wasn\u2019t based off utility,\u201d he said.<\/p>\n\n\n\n<p>In the physical world, real estate is valuable because land is a scarce resource. However, that scarcity doesn\u2019t necessarily apply to the metaverse.<\/p>\n\n\n\n<p>In these virtual worlds, \u201cthere\u2019s unlimited volumes that you can create,\u201d Cuban said during the interview.<\/p>\n\n\n\n<p>[ <a href=\"https:\/\/www.cnbc.com\/2022\/08\/10\/mark-cuban-buying-real-estate-in-the-metaverse-is-dumbest-idea-ever.html\" target=\"_blank\" rel=\"noreferrer noopener\">click to continue reading at CNBC<\/a> ]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>from CNBC Mark Cuban: Buying real estate in the metaverse is \u2018the dumbest\u2019 idea ever by Cheyenne DeVon Buying digital land in the metaverse may not be the best use of your money, according to billionaire investor Mark Cuban. Although Cuban is a well-documented\u00a0cryptocurrency enthusiast, he called purchasing virtual real estate in the metaverse \u201cthe [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[6],"tags":[],"class_list":["post-12210","post","type-post","status-publish","format-standard","hentry","category-mirth"],"_links":{"self":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/12210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/comments?post=12210"}],"version-history":[{"count":0,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/12210\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/media?parent=12210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/categories?post=12210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/tags?post=12210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}