Nedbank buys Ubuntuland plot, says it's first African financial services company in metaverse

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Nedbank buys land in non-existent Ubuntuland metaverse

Nedbank has become the latest major South African company to hop onto the non-fungible token (NFT) craze by buying digital land in Africarare's Ubuntuland metaverse, which does not yet exist.

The bank said it secured a 12 x 12 village consisting of 144 plots in Ubuntuland to make it the first African financial services organisation to enter the metaverse.
 
Anyone think this Metaverse is going to be a success? Virtual world instead of just living life normally...?
 
Let me guess, it was the Social Media/Marketing department who blew the money...the serious bankers in the company probably gagged on their tea when they heard about this
 
In my personal view I believe that Ethereum will start to lose out to scalable blockchain technologies. Layer 2 implementation can only help them that much. I am saying this because Ubuntuland is built on Ethereum. Though Ethereum has the political support now, will they still have that support in 5 years?

Anyhow, crypto remain too untested and volatile to make any predictions, and those who invest in Ubuntuland better hope that it will be desirable in the time to come. Neither do we know whether there will be any interoperability between metaverses.

Ethereum has the staking power now, and many staked without knowing that their liquidity will be locked up, and they can vote to hold on to those stakes. Yes, you do earn your 'dividends'. Ethereum may or not buckle in the time to come.

Eh… Anyhow, there was a time I was skeptical about NFTs and Metaverses, but once you invest your time to be more enlightened you start to see its potential. Not to ignore that most NFTs are without utility and promise. Still, metaverses will compete against each other, some winners, many more losers, and more rug pulls to be expected.

All crypto are metaverse enablers, so you own it, you support it whether you like it or not you already put your capital into it.
 
OhYeah84 said:
Anyone think this Metaverse is going to be a success? Virtual world instead of just living life normally...?
Click to expand...

It's just an interface. I think it's inevitable that it'll be a success just not necessarily the way Facebook is doing it.

If I had trouble and needed to talk to mtn, I wouldn't put on a pair of goggles and walk around a virtual shopping mall trying to find their store.
But that's just because it's a really bad application of virtual worlds. And I think that's because we don't know how to take advantage of it yet.
But if we don't create it, we won't get the advantages. For this to really become successful they need buyin from every sector. The more people looking at how to solve problems with virtual worlds, the sooner we'll establish how to make it useful.
I think the reason they created Meta was to light the path so that everyone can work together and find the value in virtual reality.

It's not supposed to replace your game drives.
But meeting with my team and being able to engage with them in a virtual room would really make our lives easier as we are all around the world.
I think the value is comming. Don't think the property sales is smart.
 
OhYeah84 said:
Anyone think this Metaverse is going to be a success? Virtual world instead of just living life normally...?
Click to expand...
Arent we already 95% in the Metaverse, just that I'm doing this on a smartphone/laptop instead of taping the screen to my head?
This is just ownership of assets, another form of DRM by another name.
 
hj007 said:
Arent we already 95% in the Metaverse, just that I'm doing this on a smartphone/laptop instead of taping the screen to my head?
This is just ownership of assets, another form of DRM by another name.
Click to expand...
There's a difference between using technology on the Internet and the Metaverse where you create your own avatars of yourself.
 
OhYeah84 said:
Anyone think this Metaverse is going to be a success? Virtual world instead of just living life normally...?
Click to expand...

No, but I may be wrong.

While playing Counterstrike, there were some kid (teenager?) discussing what skins he should buy with the R300 he got.
Another person on MyBB wanted advice/help finding work. In other threads he talked about how badly he wanted to buy fancy Dota skins.

People complained about some game (Halo infinite I think?) not having enough cosmetics to buy when it launched.

For some people it seems cool skins and other virtual items are as important as a pretty handbag is to some women. I don't get it at all, but I'm old, so what do I know.
 
OhYeah84 said:
There's a difference between using technology on the Internet and the Metaverse where you create your own avatars of yourself.
Click to expand...
We all play videogames, RPGs, the Sims, MMOs. There is no difference between an avatar in WoW or an avatar in Ubuntuland other than the concept that you may be able to move your avatar across worlds or have potential ownership of your avatar.

-unless it's Cryptopunks, then you don't even own that IP...
 
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