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Buying digital land in the metaverse may not be the best use of your money, according to billionaire investor Mark Cuban.⁠ ⁠ Although Cuban is a well-documented cryptocurrency enthusiast, he said buying virtual real estate is “dumb” in a recent interview.⁠ ⁠ In the physical world, real estate is valuable because land is a scarce resource. However, that scarcity doesn’t necessarily apply to the metaverse.⁠ ⁠ In these virtual worlds, “there’s unlimited volumes that you can create,” Cuban explained.⁠ ⁠ Learn more about the rise and fall of digital real estate at the link in bio.
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