Decentraland: The Metaverse's Early Mover | The Generalist

Community building has been a core part of internet functionality since the very first sites. For most of us, our first use of the internet was jumping into a community. The difference now is that Web3 allows all communities to launch, manage and grow native online economies together that enrich the lives of a broader stakeholder group than ever be... See more

All of this means that the value of metaverse land and real estate to users will likely depend on what’s locally proximate, rather than on the full geography of that metaverse. We can expect to see thriving shopping malls, micro-cities, or even entire virtual worlds that are kind of like islands in digital space – packed with activity t

... See more

More people actually own content in Second Life than own an NFT—vastly more. And these NFT-connected metaverses like Decentraland have very tiny user bases mostly populated by people who’ve invested in it. If you buy land in Decentraland, you have an incentive to have people come in.

Something similar is currently happening in the virtual world. Online scarcity is possible. Virtual land can be valuable if it provides exclusive access to a unique flow of economic opportunities — in the same way that a domain name can be valuable. As such, virtual land can indeed be scarce. But the fundamentals are tough to read, the number of ne... See more