[ExI] The Genesis City land speculation boom...

[John Grigg]

"Genesis City is a plot of virtual land, roughly the size of Washington,
D.C., that investors can buy slices of for obscene amounts of money. Even a
simple 1,100 square foot plot can go for as much as $200,000, according to
*Bloomberg*
<https://www.bloomberg.com/news/articles/2018-06-12/making-a-killing-in-virtual-real-estate>
.

This bizarre bubble market was born from the promise of a VR future. Ray
Kurzweil has predicted that, in a matter of years, physical workplaces will
be a thing of the past
<https://futurism.com/ray-kurzweils-most-exciting-predictions-about-the-future-of-humanity/>,
replaced by virtual ones. By 2020, virtual reality and augmented reality
are predicted to rake in an estimated $162 billion
<http://www.businessinsider.com/virtual-and-augmented-reality-markets-will-reach-162-billion-by-2020-2016-8>
 in revenue. So, naturally, if there’s real estate to be had (even if it’s
virtual), people will pop up to buy and sell it."
https://futurism.com/virtual-real-estate/
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