Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum » China Buying up Virtual land
  1. Results 1 to 15 of 15
  2. Page 1 of 1

Thread: China Buying up Virtual land

post 1654658863 01-20-2022, 09:40 AM
-
#1
  1. Kraken
  2. Texas Crew
  1. Kraken
  2. Texas Crew
  3. Join Date: Jul 2003
  4. Age: 47
  5. Posts: 26,780
  6. Rep Power: 198322

China Buying up Virtual land

A first note that was interesting is that this is apparently one major application of NFTs.

https://www.gmw3.com/2022/01/in-the-...-virtual-land/
An explosion in the popularity of digital assets known as NFTs (non-fungible tokens) has led to virtual items of all shapes, sizes and formats being bought and sold – from video art pieces to trading cards and even memes.

Virtual land is essentially just an NFT that confers ownership of a given digital space. For more information on NFTs as a whole and how they are built, visit our explainer, but suffice it to say that virtual land is created by platform developers who parcel off land from a large map of potential properties for users to buy using cryptocurrency. Proof of ownership is then assured by the blockchain technology on which the NFT exists, a ledger secured by the efforts of a network of computers solving complex mathematical problems in order to verify and record transactions without resorting to one central authority.
https://www.scmp.com/tech/big-tech/a...land-metaverse
In Hong Kong, where housing is scarce and property is deemed the most critical of investments, the interest around virtual land sales is reaching a fever pitch. If the next iteration of the internet involves three dimensions, many believe virtual land upon which the likes of digital shopping malls and mansions can be built will inevitably become a highly sought-after asset.

This week Adrian Cheng Chi-kong, the third-generation scion of Hong Kong’s New World Development, announced he has purchased one of the biggest plots in The Sandbox. The 42-year-old billionaire said he will form a “GBA Pavilion” in which start-ups from the Greater Bay Area can sell their products virtually.

“Last Saturday, a new area opened up and the land was sold out in about a second. They made about 100 new plots of land available at the time,” the 29-year-old said. “I was in a WeChat group with a number of other landowners and we all failed to buy one. It’s literally a race for finger speed.”

The Communist Party mouthpiece People’s Daily newspaper issued a fresh warning last week saying speculators risk “getting burnt” as they try to turn a quick buck buying virtual land. The report said property sales in the metaverse were akin to “product financialisation” and carry the risk of volatility, fraud, illegal fundraising and money laundering.
Inb4 central governments start regulating and cause more tension. Metaverse looks like a horrible idea in every way.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
post 1654659133 01-20-2022, 09:44 AM
-
#2
  1. mcdojo
  2. Registered User
  1. mcdojo
  2. Registered User
  3. Join Date: Sep 2010
  4. Age: 36
  5. Posts: 19,514
  6. Rep Power: 42360
I also own virtual land srs
post 1654659373 01-20-2022, 09:46 AM
-
#3
  1. dizzin9
  2. Stay safe bros
  1. dizzin9
  2. Stay safe bros
  3. Join Date: Oct 2007
  4. Location: Okinawa, Japan Stats
  5. Posts: 31,944
  6. Rep Power: 205818
Where is this virtual Earth at? srs
We’re all gonna make it.
post 1654659513 01-20-2022, 09:48 AM
-
#4
  1. propreffered7
  2. Registered User
  1. propreffered7
  2. Registered User
  3. Join Date: Mar 2010
  4. Posts: 36,839
  5. Rep Power: 86393
i dont understand. is this actual virtual land. or have they taken actual land and made it available virtually?

who the hell is interested in virtual land?
post 1654659763 01-20-2022, 09:50 AM
-
#5
  1. mcdojo
  2. Registered User
  1. mcdojo
  2. Registered User
  3. Join Date: Sep 2010
  4. Age: 36
  5. Posts: 19,514
  6. Rep Power: 42360
Originally Posted By propreffered7⏩
i dont understand. is this actual virtual land. or have they taken actual land and made it available virtually?

who the hell is interested in virtual land?
its virtual land, its herehttps://www.sandbox.game/

I don't own any for this game tho
post 1654659953 01-20-2022, 09:53 AM
-
#6
  1. H00J
  2. Banned
  1. H00J
  2. Banned
  3. Join Date: Nov 2019
  4. Posts: 27,756
  5. Rep Power: 0
Recently watched Ready Player One





Cliffs:

Fuk this gay earth
post 1654660103 01-20-2022, 09:54 AM
-
#7
  1. propreffered7
  2. Registered User
  1. propreffered7
  2. Registered User
  3. Join Date: Mar 2010
  4. Posts: 36,839
  5. Rep Power: 86393
Originally Posted By mcdojo⏩
its virtual land, its herehttps://www.sandbox.game/

I don't own any for this game tho
ok, so theoretically.. lets say everything turns virtual. how do people earn currency?

why wouldn't the ****s that spend 24 hours a day on call of duty right now use that chit to become the best virtual.. whatever it's gonna be

what happens to real land?

if im earning currency in virtual land how do i pay for food in real life?
post 1654660913 01-20-2022, 10:06 AM
-
#8
  1. Exiled93
  2. Manlet of Steel
  1. Exiled93
  2. Manlet of Steel
  3. Join Date: Jan 2012
  4. Location: Tennessee, United States
  5. Posts: 7,754
  6. Rep Power: 23467
Stopped contributing to 401k to invest in land instead


just lmao if you're not investing in prime virtual real estate. You peasants will have no where to farm or build on in the years to come.
post 1654661233 01-20-2022, 10:12 AM
-
#9
  1. MajorTendonitis
  1. MajorTendonitis
  3. Join Date: Jan 2016
  4. Location: East Kootenays BC
  5. Age: 65
  6. Height: 5'8"
  7. Weight: 241 lbs
  8. Posts: 41,991
  9. Subscribers: 8
  10. Rep Power: 715758
In b4 Bill Gates buys most of it so us peasants have to eat virtual bugs
Back with my Fam
post 1654661313 01-20-2022, 10:14 AM
-
#10
  1. DolphinPilot
  1. DolphinPilot
  3. Join Date: May 2015
  4. Posts: 49,469
  5. Rep Power: 367822
Bro just paid all my franchise fees to own three virtual Subway restaurants. We're all gonna make it
post 1654662343 01-20-2022, 10:31 AM
-
#11
  1. LethalGunz34
  2. Registered User
  1. LethalGunz34
  2. Registered User
  3. Join Date: Mar 2002
  4. Location: New Jersey, United States
  5. Age: 42
  6. Posts: 67,734
  7. Rep Power: 611918
Just LOL if you’re not investing in air.
post 1654662973 01-20-2022, 10:41 AM
-
#12
  1. PumkinPie
  2. Dreamer Bulk
  1. PumkinPie
  2. Dreamer Bulk
  3. Join Date: May 2013
  4. Location: Florida, United States
  5. Posts: 5,073
  6. Rep Power: 34351
Props to people banking from NFTs

lol@people investing in them
libs gonna lib
post 1654663063 01-20-2022, 10:43 AM
-
#13
  1. propreffered7
  2. Registered User
  1. propreffered7
  2. Registered User
  3. Join Date: Mar 2010
  4. Posts: 36,839
  5. Rep Power: 86393
Originally Posted By LethalGunz34⏩
Just LOL if you’re not investing in air.
you think that's funny but that's really what we've done with everything. i'm sure if weren't so abundant and necessary for life - meaning we're actually using it to ascertain anything - then it would have been commoditized as well

water costs money
post 1654663853 01-20-2022, 10:56 AM
-
#14
  1. steeler505
  2. 🇷🇺🇷🇺🇷🇺
  1. steeler505
  2. 🇷🇺🇷🇺🇷🇺
  3. Join Date: Nov 2016
  4. Location: Denmark
  5. Posts: 22,068
  6. Rep Power: 156449
We pooling for misc virtual island now?
**Misc. Pureblood Crew**
**No Hymen No Diamond Crew**
**Russia/anti-degen Crew**
**Her anus tint tells you everything you need to about her Crew**

Auto-negging posts with instagram/tiktok links and not embedding a single image
post 1654664013 01-20-2022, 10:57 AM
-
#15
  1. SuperHercules
  1. SuperHercules
  3. Join Date: Jun 2014
  4. Height: 6'5"
  5. Posts: 32,389
  6. Subscribers: 6
  7. Rep Power: 567288
I'll never care about this stuff

Real land is much better than fake land
See Shakebrah's sig
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts