Mark Cuban Mocks the Metaverse: ‘It Is Anything You Want It to Be’

Mark Cuban, investor, Shark Tank star, and proprietor of the Dallas Mavericks is skeptical erstwhile it comes to the conception of the metaverse. In a caller interview, erstwhile asked astir the explanation of the metaverse, Cuban stated that the metaverse was “anything you privation it to be,” declaring that buying onshore successful the metaverse was the “dumbest sh*t ever.”

Mark Cuban Mocks Current Metaverse Iteration

The conception of the metaverse has been an entity of skepticism for galore people. In a caller podcast, Shark Tank prima and National Basketball Association (NBA) squad the Dallas Mavericks owner, Mark Cuban, mocked the existent conception of the metaverse, stating that it could beryllium thing anyone wants it to be. Cuban stated:

People that absorption connected [virtual reality] VR privation it to beryllium the metaverse. Others privation Web3 to beryllium the metaverse. There is nary rhyme oregon crushed to it yet.

To Cuban, the thought of the metaverse volition beryllium a hard task to accomplish, arsenic determination needs to beryllium standardization and interoperability betwixt antithetic communities. He believes that the metaverse, if realized, has to beryllium backed by a community, and whichever platforms physique the strongest communities down them volition beryllium 1 benignant of metaverse.

Real Estate successful the Metaverse

Cuban besides criticized the thought of buying onshore successful the metaverse, explaining that helium believes that buying existent property connected these platforms was not a bully idea. He referred to this arsenic the “dumbest sh*t ever,” declaring:

It is not adjacent arsenic bully arsenic an URL oregon an ENS due to the fact that determination are unlimited volumes that you tin create.

He explained that for these structures to person value, they person to beryllium archetypal supported by a assemblage and its activities, and these places volition person worth depending connected entree oregon however the assemblage values them.

However, the existent property concern successful the metaverse has been booming, and it is projected to support increasing successful the abbreviated word by immoderate estimations. According to metaverse analytics steadfast Metametric Solutions, the merchantability of existent property successful the metaverse is expected to scope $1 cardinal this year.

Furthermore, a metaverse study issued by Technavio successful July predicts these income volition turn by $5 cardinal by the twelvemonth 2026, fueled by the implementation of virtual world solutions and the popularity of cryptocurrencies.

What bash you deliberation astir Mark Cuban’s instrumentality connected the existent conception of the metaverse and his sentiment astir buying integer land? Tell america successful the comments conception below.