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Why on Earth Would Land Be Scarce in the Metaverse?

With their “skeuomorphic” approach to real estate, Web 3 metaverse projects may have fallen into a trap of their own making.

Updated Jun 14, 2024, 8:27 p.m. Published May 6, 2022, 6:51 p.m.
In the real world, there's only one Lombardy, Italy. But that's not quite how "land" works in the metaverse. (Michele Rossetti/Getty Images)
In the real world, there's only one Lombardy, Italy. But that's not quite how "land" works in the metaverse. (Michele Rossetti/Getty Images)