Billionaire Mark Cuban, the infamous crypto investor and self-proclaimed Ethereum maximalist, is not a fan of digital land. In a recent YouTube interview with Altcoin Daily, he talked about metaverse digital lands and the problems he has with them.
Mark Cuban is not a fan of digital land
Mark Cuban is one of the richest men in the world and perhaps one of the most famous proponents of web3. However, in an interview with Altcoin Daily last week, Mark Cuban spoke about his distaste for metaverse land spaces and the metaverse hype. In the video he said: ‘The worst thing is that people buy property in these places. That’s just the dumbest sh*t ever.”
Mark Cuban also worries about the scarcity of metaverse land and whether it makes the parcels more valuable. “It’s not even as good as a URL or an ENS [Ethereum naming service] because you can create unlimited volumes,” he added.
Yuga Labs’ real estate sale was ‘stupid’
Surprisingly, Mark Cuban is also an investor in Yuga Labs. They are the owners of Bored Ape Yacht Club and CryptoPunks, the two main NFT collections in the space.
In April, Yuga Labs raised $317 million through land sales somewhere in the region for an expanded metaverse platform. Mark Cuban said he wasn’t a fan of this digital land sale. He said: ‘I still thought it was stupid to get into real estate. That was great money for them, but it wasn’t based on a utility.”
In the future, as the metaverse grows and evolves, it will be interesting to see if Mark Cuban changes your mind about the metaverse.
