Metaverse Land is `Dumbest’ Buy Ever, Mark Cuban Says – Insider

Billionaire Mark Cuban, an investor on the reality TV series Shark Tank, said buying digital real estate in the metaverse is the “dumbest shit ever,” Business Insider reported.

Unlike real estate, virtual property does not depend on scarcity because unlimited amounts can be created, Cuban told Youtube channel Altcoin Daily, the story said. Cuban dismissed the metaverse, saying ”right now it’s more talk than anything,” according to the report.

Read the full report: Business Insider


Read more:

Sony Ready for Metaverse Revolution Across Platforms

HSBC Buys Virtual Plot of Land in First Metaverse Foray

Second Life Creator Says Facebook-like Metaverse a Disaster – Nikkei

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

Recent Posts

China Quants Banking on AI to Gain Hedge Funds Edge

One hedge fund already uses ChatGPT to project earnings power, and identify investment opportunities and…

15 hours ago

Global Economy Showing Signs of De-Dollarisation, Says JPMorgan

"De-dollarisation is evident in FX reserves where [the dollar's] share has declined to a record…

17 hours ago

China Services Activity Speeds Up as Demand Recovers: Caixin

The survey saw firms reporting a rise in new business in May as China's Covid…

18 hours ago

Binance Controlled Bank Accounts of ‘Independent’ US Crypto Arm

New findings show how CEO Changpeng Zhao secretly retained control over Binance's US arm and…

19 hours ago

TSMC’s Tough Standards Could Hit Hunt for US Staff – Fortune

TSMC's workplace culture has come in for criticism by former workers, but the tech giant…

19 hours ago

Israel Likely to Play Big Role in Reducing AI Risks: Altman

OpenAI CEO Sam Altman predicted Israel, a country ranked high for machine learning systems, will…

20 hours ago