Are Metaverse Land Sales a Good Strategy? | Overpriced JPEGs #35

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As the idea of “the metaverse” grows in popularity, projects selling land in their own metaverse grows more popular too. But is this really a good long-term strategy?

In this episode, Carly sits down with Lars Doucet, the Co-Founder of Level Up Labs, a consulting firm focused on blockchain gaming.

Lars is a digital land expert who has studied what happens when you sell “land-like assets” in virtual worlds. (Hint: digital economy land recessions). He explains why selling land can be a losing strategy, the situations in which it does work, and how some of these high-profile projects who have already started selling land (**cough cough Otherside, cough cough Axie Infinity**) can do from here to prevent the worst from happening.

Digital land is one of, if not THE hot topic of NFTs as of late and it’s important we all understand it a little better.

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------ Timestamps:

0:00 Intro 2:05 Land-Like Assets Explained 8:54 Should Metaverses Be Land-Based? 13:51 UGC-Based Land Games 19:17 Axie Infinity Land Dilution 28:00 Xbox Live Arcade 31:47 Land Solutions 44:43 Alternative Metaverse Ideas 47:22 Land Monetization Strategies 52:29 The Co-Op Strategy & Closing

------ Resources:

Lars Doucet https://twitter.com/larsiusprime 

Land Value Tax in Online Games and Virtual Worlds: A How-To Guide https://naavik.co/deep-dives/digital-land-tax 

Metaverse Land: What Makes Digital Real Estate Valuable https://a16zcrypto.com/metaverse-real-estate-digital-land-value-to-users/ 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures