
The Reality of Virtual Real Estate (w/ Jathan Sadowski)
GRIFTONOMICS
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Is There a Scarcity in the Internet?
Virtual reality and virtual real estate, i think, specifically, kind of starts to enforce the virtual scarcity in a way that will help the power stay in the hands of these corporations. And so it's why we see, you know, virtual real estateor rather meta verses. I can't help but look at these meta verses and see a lot of the same power structures and wealth distributions that exist in the real world cascading into this supposedly new world. It also means is that the fundamental economics of these things are untethered from reality. They are not actually a based in any kind of what's called ono. But crypto economy is completely fictitious capital its purely speculative speculation. That makes
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