The metaverse land rush is an illusion
A thriving digital future or a soon-to-be ghost town? The metaverse has sparked a 21st-century digital land rush, with investors spending millions on cyberspace plots. Real estate on these platforms is supposed to be the same as owning property in the "real world". However, it currently feels more like a facade of what could be. In this in-depth commentary, Eric Ravenscraft visits Decentraland, a prime spot of metaverse real-estate, and critically reviews the current narrative of the future of the internet.