On October 18th, Chinese male singer JJ Lin announced on Twitter that he had received a work from Bored Ape Yacht Club (Bored Ape Yacht Club referred to as BAYC, which has 10,000 ape-related NFTs) from Huang Licheng (Brother Maji);
On October 29, JJ Lin stated that he has received a customized NFT from the developer of the marine environmental protection NFT project Cyber Dolphin to support marine protection actions;
On November 23, JJ Lin announced on Twitter that he had purchased three virtual plots of Decentraland, spending a total of about 123,000 US dollars, officially entering the metaverse world. Founded in 2017, DCL is the first metaverse community based on blockchain and cryptocurrency. It has issued a total of 90,000 pieces of land and created communities such as A City, Dragon City, and Dragon Kingdom.
There are many people who have the same idea as JJ Lin. According to statistics from the data platform DappRadar, from November 22 to 28, the total number of virtual land transactions on the virtual platforms TheSandbox, DCL, CryptoVoxels and SomniumSpace reached more than 6,000, with a total transaction value of 105.8 million US dollars. The record of "Land King" is constantly being refreshed.
As a singer, JJ Lin is known as the walking CD because of his extraordinary singing skills. He already has a lot of popularity in the music field; I believe that no matter what age you are in, you will be familiar with it; It can be found from the news that not only has he achieved outstanding achievements as a singer, but he is also quite active as an avant-garde in the industry. He followed the real estate speculators early on to start the asset layout and investment of the Metaverse. The metaverse has not yet been finalized, and countless forces have been eyeing this fat vacancy, and some of them have already been caught in the claws of the devil. I don't know if this kind of behavior will help the development of the metaverse, or it will quickly lose the value of the urging talisman, and urge it early. end.
Real estate speculators group, the term generally refers to a team of home buyers who invest in the real estate market. It has the characteristics of non-government, profit and autonomy. Because of the adaptability of the policy, it generally points to the domestic market. In reality, the real estate speculators have had much impact. Looking at the current high housing prices, there should be no need to explain it. Everyone can understand it. After all, the real estate speculators have contributed a lot to it. Now, with the continuous updating of national policies, the real estate speculators are gradually losing their strength, and finally they have extended their tentacles to the currently hot metaverse field, successfully upgraded, and transformed into the metaverse real estate speculators; it is also here that, The initial development of the metaverse, a period without rules and unsupervised.
This is the scene of the internal trading center of the Decentraland platform, does it seem familiar? Similar scenes can also be seen in "Runaway Player" and many metaverse-themed film and television content.
On November 30, the highest transaction price of virtual world land on The Sandbox platform was 4.3 million US dollars (about 27.3 million yuan), which was as high as a villa in Beijing; Real estate developers can buy a piece of land on Decentraland for about 2.43 million US dollars (about 15.42 million yuan), and 27 million yuan can buy a two-story single-family courtyard house in Beijing.
Behaviors such as grabbing and hoarding land in the metaverse have spread from individual users to institutional players such as virtual real estate developers, both at home and abroad, and the powerful metaverse real estate speculators who are truly first-line players. In its near-term strategy, the virtual land already has real value, and the land is directly leased, developed and renovated as a virtual store or resold, and the operation is exactly the same as in reality, maximizing the benefits as much as possible.
What are these crazy speculators doing? Before understanding these buying behaviors, we must first understand the decentralized market they participate in.
Everyone now knows that blockchain technology is the premise of a decentralized organization, and the most common application before it was Bitcoin. In addition to Bitcoin, Ethereum provides more blockchain application scenarios through smart contract technology. For example, CryptoKitties, which became popular in 2017, can be simply understood as a scenario-based application based on Ethereum. a cat. The purchased virtual land is equivalent to a scenario-based application based on Ethereum, visualized as a piece of land.
Virtual real estate and land are based on a common contract. A community defines an area, and how many houses can be built in the area is agreed by all residents through consultation, and no one can change it without authorization. As more and more people enter this area and want these lands, the price of each piece of land will increase accordingly, and the same principle can be amplified to the entire metaverse. Therefore, due to decentralization, behind virtual assets is not an institution or a single subject, but a community based on a common contract.
Non-decentralized game skins or equipment are stored in the developer's server. If the main body stops operating, the game is stopped, and the data is deleted, all the assets of individual players in the game will disappear. Both DCL and TheSandbox are decentralized virtual platforms based on Ethereum. Assets such as land are stored on every server in the blockchain. No one can modify them, and basically no one can shut down all servers at the same time. .
On platforms such as DCL, users can use governance tokens to purchase land, then develop the land according to their own needs, and create their own exclusive content and applications, such as advertising and holding events. Land is unique in each platform and is designed as a transferable NFT (Non-Fungible Token, non-homogeneous token) asset. There is one point to be distinguished here. For the virtual real estate in China at the current stage, the behaviors that users can operate are limited to the decoration of existing houses, while foreign platforms can support the construction of houses from scratch and the renovation of second-hand houses.
The encrypted token issued by DCL is called MANA, and the price of MANA in the early days was only a few cents in RMB. With more and more investors pouring into the community, the price of tokens keeps rising when the number and area of land remain unchanged. As of press time, the price of MANA is about 4.3 US dollars (about 27 yuan), which can be regarded as Issuing currency that is not in actual circulation, and the rest will not be described in detail.
In DCL, except for the square and the road at the place of creation, to define a rough range of the space, other vacant land can be freely bought, sold and developed by users. Enter DCL, click on a plot, you can see the real-time price and auction time of the plot. The difference in the price of land is similar to the logic of reality. The closer to the establishment, the corner display office or the place with convenient transportation, which is what we call a prosperous area, the more expensive the land.
At present, the high-priced land in the metaverse is mostly used for commercial purposes such as information display, retail, and social networking. It can be understood as the private land of developers in reality. It can support the development of the community in the early stage and complement the entire ecological chain of the community. After the development is perfect, it can be used for other purposes.
The transaction with the second highest transaction price we mentioned earlier, the buyer of the $2.43 million land parcel in DCL, is MetaverseGroup, a subsidiary of Tokens.com Digital Asset Investment Group. The company is engaged in real estate acquisition, development, leasing, real estate investment trust management, metaverse regional development, metaverse capital markets and other related services in the metaverse world, that is, a commercial real estate developer in the metaverse. The company stated that it will turn the land into a digital fashion industry, which will be used to hold digital fashion shows and sell virtual clothing.
We also mentioned in the previous article that on November 25th, Adidas Originals, a subsidiary of Adidas, announced on Twitter that it had reached a cooperation with the digital asset trading platform Coinbase; the entry of Adidas, Nike and other real consumer retail companies into the metaverse may be more illustrative. the value of these lands.
However, limited by the difference in strength, unlike the madness of big factories, most ordinary people still believe that the current increase in land and housing prices in all metaverses comes from the value brought by the influx of more investors. And once the market is saturated, or the entry of investors reaches a stage of relatively stable growth, the price will inevitably return to a relatively reasonable level, or even lower. To reach a level that can be generally taken over by ordinary people, it is inevitable that large factories will settle in advance and continue to dismember and dismantle the corresponding assets.
However, these metaverses are currently independent, and the servers are not interoperable. DCL’s land and housing assets cannot use TheSandbox’s furniture. , or platform integration, to achieve the environmental goal that most people use the unified metaverse platform, or the intercommunication between independent metaverses, to break the saturation bottleneck and promote the continued appreciation of metaverse land and real estate.
Under the wave of the metaverse, countless accompanying industries became popular, such as the training industry of the metaverse and virtual idols of the metaverse. It is also a challenge. Between the ebb and flow, rebirth and destruction go hand in hand. I don’t know what will be the next fire. When will the square dancing aunt be able to conquer the metaverse? With the metaverse real estate and celebrities as neighbors, you no longer just stay in the imagine.
