Why Some Investors Refuse to Give Up on Metaverse Land

Victoria Vergolina, Bloomberg News

Attendees wear virtual reality (VR) headsets to experience virtual content from the International Space Station (ISS) in the Bascule Inc. and the Japan Aerospace Exploration Agency (JAXA) booth at Metaverse Expo Japan at the Combined Exhibition of Advanced Technologies (CEATEC) in Chiba, Japan, on Tuesday, Oct. 18, 2022. CEATEC, the annual information technology and electronics trade show, will run through Oct. 21. , Bloomberg

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(Bloomberg) -- For a while, there was a real buzz around owning land in the metaverse. As one theory went, Millennials and Gen Z’ers who’d given up on being able to afford a physical property would splurge on a virtual one instead. Well, it’s not quite turning out that way.

Despite the hype - and investments by everyone from Snoop Dogg to the Bajan government - owning property in the metaverse so far hasn’t turned out to be a winning investment. Bloomberg reporter Carly Wanna joins the show to discuss why some are still betting on virtual property despite falling prices and declining user activity.

This podcast is produced by the Bloomberg Crypto Podcast team: Supervising producer: Vicki Vergolina, Senior Producer: Janet Babin, Producers: Sharon Beriro and Muhammad Farouk, Associate Producers: Mo Andam and Ty Butler. Sound Design/Engineer: Desta Wondirad.

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Why Some Investors Refuse to Give Up on Metaverse Land

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