Uploaded January 2022 | Updated September 2026, 3 days ago
With Meta’s announcement of their long term vision of owning the Metaverse, crypto tokens such as Decentraland ($MANA) and Sandbox ($SAND) soared to new all-time highs. While I am a big believer in the potential of blockchain technologies to create a decentralised Metaverse, blockchain approaches based on exclusive and scarce virtual land is entirely backwards and fails to grasp at what the Metaverse will become. In this video, I am telling you why.
The video explains why the users of "the Metaverse" like Decentraland and Sandbox wish to become, does not benefit from having exclusive or limited virtual land. This is what Edward Snowden referred to as the NFT ish-ness of these projects. While Metaverse projects can greatly benefit from crypto, metaverse real estate is in my opinion the wrong approach. Virtual land investment might still increase in value, but one's investment will not be turned towards any good product that people in the end will want to use. We therefore haven't seen the best metaverse crypto tokens yet, in my opinion, it would have to be someone that opens up the space for everyone to participate, like a blockchain version of VRChat. While these projects are still better than Meta or Facebook or whatever, they do a lot of things wrong which limit their potential greatly. Whether Mana can still do an 100x or not (and I severely doubt it, it looks like Habbo hotel), it's not a good investment for humanity as we have the possibility to invest in projects that are actually good for us. Buying metaverse property for sale, whether Decentraland or Sandbox, is just silly.
With Meta’s announcement of their long term vision of owning the Metaverse, crypto tokens such as Decentraland ($MANA) and Sandbox ($SAND) soared to new all-time highs. While I am a big believer in the potential of blockchain technologies to create a decentralised Metaverse, blockchain approaches based on exclusive and scarce virtual land is entirely backwards and fails to grasp at what the Metaverse will become. In this video, I am telling you why.
The video explains why the users of "the Metaverse" like Decentraland and Sandbox wish to become, does not benefit from having exclusive or limited virtual land. This is what Edward Snowden referred to as the NFT ish-ness of these projects. While Metaverse projects can greatly benefit from crypto, metaverse real estate is in my opinion the wrong approach. Virtual land investment might still increase in value, but one's investment will not be turned towards any good product that people in the end will want to use. We therefore haven't seen the best metaverse crypto tokens yet, in my opinion, it would have to be someone that opens up the space for everyone to participate, like a blockchain version of VRChat. While these projects are still better than Meta or Facebook or whatever, they do a lot of things wrong which limit their potential greatly. Whether Mana can still do an 100x or not (and I severely doubt it, it looks like Habbo hotel), it's not a good investment for humanity as we have the possibility to invest in projects that are actually good for us. Buying metaverse property for sale, whether Decentraland or Sandbox, is just silly.
