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

Edward Haigh eh at edwardhaigh.com
Tue Jun 12 23:30:34 UTC 2018

Finally, an investment even riskier than crypto. Virtual real estate,
bought and sold with cryptocurrency.

-- Edd

On Wed, Jun 13, 2018 at 12:09 AM, John Grigg <possiblepaths2050 at gmail.com>

> "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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