Tag: estate

Is It Really Such A Crazy Idea? – Real Estate In The Metaverse Is Booming
TECHNOLOGY

Is It Really Such A Crazy Idea? – Real Estate In The Metaverse Is Booming

The idea of spending thousands or even millions of dollars to buy fictitious “land” in a virtual world sounds, to be frank, absurd. But in recent months, we’ve seen significant investments in virtual land within the metaverse. PwC is among the latest to dive in, having purchased real estate in The Sandbox, a virtual gaming world, for an undisclosed amount. If other reported sales are anything to go by, it would have been a handsome sum. One person recently bought a plot of land in the Snoopverse – a virtual world rapper Snoop Dogg is developing within The Sandbox – for US$450,000 (around £332,500). Meanwhile, the Metaverse Group, a real estate company focused on the metaverse economy, reportedly bought a piece of land in Decentraland, another virtual platform, for US$2.43 million. Let’...
TECHNOLOGY

Zuckerberg: ‘Fifth estate’ should not decide what is credible

Facebook CEO says social media companies ought not be responsible for judging the merits of political expression. Facebook Inc. Chief Executive Officer Mark Zuckerberg said the social network doesn't fact-check political advertisements because it's not the place of technology companies to become arbiters of truth. "I don't think most people want to live in a world where you can only post things that tech companies judge to be 100% true," Zuckerberg said on Thursday to an auditorium full of students at Georgetown University's Gaston Hall in Washington. "People should be able to see for themselves what politicians are saying." In recent weeks, Facebook has been criticized for its policy on political ads, with the presidential campaigns of Joe Biden and Elizabeth...