Mark Cuban is not happy about metaverse real estate

Yahoo Finance published this video item, entitled “Mark Cuban is not happy about metaverse real estate” – below is their description.

#metaverse

‘Not everything that can be virtualized will have value’ says billionaire Mark Cuban. The ‘Shark Tank’ host took to Twitter discussing why he thinks virtual real estate doesn’t hold value, after slamming buying property in the metaverse on Altcoin’s YouTube podcast. Yahoo Finance Anchors Seana Smith and Dave Briggs take a further look on Aug 11, 2022.

Yahoo Finance YouTube Channel

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Mark Cuban is an American billionaire entrepreneur, television personality, and media proprietor whose net worth is an estimated US$4.8 billion, according to Forbes, and ranked No. 177 on the 2020 Forbes 400 list.

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A metaverse is a network of 3D virtual worlds focused on social connection.

In futurism and science fiction, the term is often described as a hypothetical iteration of the Internet as a single, universal virtual world that is facilitated by the use of virtual and augmented reality headsets.

The metaverse is something which many in the early 2020s are actively engaged in developing: an entirely online, virtual and alternative reality, in which people will be able to conduct many forms of business and social interaction – virtually.

The movement towards a metaverse gathered significant pace and attention when Facebook’s parent company rebranded itself to “meta” in 2021.

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