Metaverses: The New Economic Bubble
Zuckenberg and Co. have become involved in a story in which they
are trying to create a new frontier for the consuming of American
budgets. This is fraud, but only on a fundamentally different level,
when it is forbidden to say that you are being deceived. People are
told about the need to buy items from real life in virtual worlds.
After all, games sell artifacts, so why not create a copy of the
Earth and trade "snake oil" there? The funny thing is that in the
pursuit of profit, such companies spend huge amounts of resources,
electricity, equipment to build fruitless mirages.
Terrazero company recently issued a $45000 mortgage to purchase
land for a five-story building. From the windows you can see a golf
course, nearby a concert venue. One clarification, we are talking
about the "land" in Decentraland, that is, in a completely virtual
world.
On the other hand, look at how millions of people play bitcoin,
which is backed only by the belief that it is worth something. With
the metaverse, the story is about the same, the value of an object is
determined by the meaning given to it by its creators. Thus, fraud
and trade in "snake oil" reached a new level.
For you to understand, now the financial pyramid is at the point of
growth. Over the past year, $500 million in virtual real estate has
been sold in the Metaverse. In January 2022 for $85 million. Most
transactions take place in the US. Zuckerberg has a simple vision for
how his company will create new spaces for financial bubbles. And
at almost zero cost. It is possible to earn money from emptiness in
emptiness. But sooner or later, such pyramid schemes end in economic
collapse, galloping inflation and a new debt crisis. In my opinion, the
next global crisis caused by the collapse of IT will lead to a total
global economic depression. You can save this article to your
favorites and read it after the collapse of this soap bubble.
Sources:
https://bbc.in/34tPrAz https://bit.ly/3uCDuTZ
