Billions spent on land rush for the Metaverse
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Reminds me of late 2006/ early 2007 when most of these companies rushed to get into Secondlife thinking it was going to be the next big thing. Almost all of them were gone within a year and Secondlife never became anything more than a crude sex simulator for around 40,000 neckbeards and wine aunts.
The irony being Secondlife literally had the concept and name Metaverse as well yet zero lessons look to have been learned.
But they applied the new coolest thing, cryptocurrency, to it. Anything + cryptocurrency, as we know = millions