Source: www.cnn.com
Talk to people who work in the metaverse and a descriptor follows: “It’s like the Wild West.” Make of it what you want. Is it a new frontier for people seeking fortune? A lawless land? A place characterized by the unknown, away from the rest of society? Perhaps all of the above. But one thing is for sure: the people of the Wild West were not throwing away $650,000 worth of crypto on a digital yacht.
The metaverse, a growing number of immersive online virtual worlds where users live and play, has become a hotbed of real estate speculation. Investors are betting it will be an integral part of a possible paradigm shift in the way we use the internet: a decentralized version called Web3, which its supporters say will wrest control of the web from big tech companies and…
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