[ExI] The Genesis City land speculation boom...
possiblepaths2050 at gmail.com
Tue Jun 12 23:09:57 UTC 2018
"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
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
replaced by virtual ones. By 2020, virtual reality and augmented reality
are predicted to rake in an estimated $162 billion
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."
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