of Facebook Founder and meta Boss has ordered a “quality lockdown” until 2023 after bugs and quality issues disrupted early iterations of the 3D digital platform. Some investors have reportedly declared the platform univestable without further work. reported by the Financial Times.
The Metaverse real estate market is hot all year round, with investment Peak of $229 million in November 2021.
There is a chill as investors realize that assets, even crypto assets, are worthless unless and until people use them. Buying a property without knowing where the featured location is is described as: “The most ridiculous shit ever.” last month US regulators have warned against fraud.
Now, Facebook founder and Metaverse advocate Zuckerberg seems skeptical about actually executing on the $10 billion annual Metaverse plan.
Zuckerberg’s decision emerged as investors launched Madaria WorldThe virtual area contains 500 NFTs ‘Parcels’ of 7 acres, 20 acres or more, and permits for ‘construction’ are obtained through virtual building permits issued by the local government of Madeira.
Some commentators continue to hope that the metaverse will prove useful in the near future.
The attraction of most real estate businesses is strictly virtual, According to Cushman & WakefieldMetaverse real estate allows you to mine data about customer preferences to design real-world properties.
Contrary to what some believe, the Metaverse is not a replacement for a business location, but a complement to it, futurist and designer Tiffany said before Zuckerberg’s decision was revealed last month. Mr Pilgrim said.
“As a result, companies need to think more strategically about where and where to locate their offices. innovation hub How to attract and connect talent and how to balance their physical and virtual footprints,” she said.