WHAT IS THE METAVERSE ?

By
Real Estate Broker/Owner with Mackintosh REALTORS 82894
Wikipedia defines the Metaverse as a fictional world:
"A metaverse is a network of 3D virtual worlds focused on social connection. In futurism and science fiction, the term is often described as a hypothetical iteration of the Internet as a single, universal virtual world that is facilitated by the use of virtual and augmented reality headsets."
 
 
 
 
Facebook who recently named it's empire of social media brands Meta explains the Metaverse this way;
 
“The metaverse is a set of virtual spaces where you can create and explore with other people who aren’t in the same physical space as you. You’ll be able to hang out with friends, work, play, learn, shop, create, and more.”
 
 
 
McDonalds recently filed for a trade mark so users in the Metaverse can have food delivered to them in the real world. Others are paying millions of dollars buying real estate base on location in the Metaverse.
 
Many are scratching their heads saying HA HA what is this?? Could this be a Today show moment from the 1990's when the internet was in it's infant stage??
 
 
 

Comments (29)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Buzz - just reading the comments I am thinking too this is very hard for me to wrap my head around.

Feb 13, 2022 10:47 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Buzz Mackintosh I find all of this fascinating, intriguing, and confusing at the same time. If the money were "play money" like Monopoly, I would just see it as an online game. 

Feb 13, 2022 11:52 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Buzz Mackintosh   Just look at the Zoom meetings we have every weeks - but mostly minecraft - Glad Kathy Streib     featured this as I missed this

Feb 13, 2022 11:55 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

The world has gone mad, so why not create a fictional world that people can be insane. Maybe we will be nicer to each other in the real world...lol

Feb 14, 2022 07:40 AM
Buzz Mackintosh

 Jeffrey DiMuria 321.223.6253 Waves Realty too late for that, a woman is already claiming she was gang raped in the metaverse.

Feb 14, 2022 09:47 AM
Anthony Kirlew

Ugh... what a sad story. Just like social media, people can hide who they really are in the Metaverse, so we will sadly have to deal with that. Hopefully, some Meta Guardian Angels can be on the lookout and if not, the Meta Police can be called.

Feb 17, 2022 08:43 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

That video is pretty funny, Buzz. Quite a step back in time.

I'm still working on understanding the Metaverse! LOL.

Jeff

Feb 14, 2022 12:56 PM
Buzz Mackintosh

Jeff Dowler, CRS I'm still doing my home work also, The high school kids at our Super Bowl party were chatting about NFT's quite a bit.

Feb 14, 2022 06:21 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Buzz - just went back to re read this.  I will have to asked our kids about this.

Feb 15, 2022 03:21 AM
Buzz Mackintosh

Grant Schneider many of the Super Bowl ads this year had to do with NFT's & the Metaverse and the kids are well aware.

Feb 15, 2022 03:30 AM
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

Another great post from you, Buzz Mackintosh ; Thank you!  I am pleased to say that I am moving in a diametrically opposed direction from the masses and looking forward to the day when I can completely unplug from everything internet.

Feb 15, 2022 09:35 AM
Anthony Kirlew
Group 46:10 Network @ eXp Realty - Gilbert, AZ
Helping You Make Fiscally Sound Choices

This is the new frontier and those of us in real estate should seek to stay on top of this trend where people are paying millions of dollars for "virtual real estate". I am meeting with one of the largest Metaverse Property companies next week that I was introduced to, so I can be prepared to sell some of that "land". My, how times have changed...

The CNBC article I referenced states that metaverse real estate sales reached $500 Million last year and is expected to double this year.

Feb 17, 2022 08:46 AM
Chad Felter
Virginia Beach, VA
Providing service through out Hampton Roads

I thought the title of your Post should be, "What is the Metaverse? ... and who cares?"

The true is I have "Lake" front property in Meta for sale.

Please pay in cryptocurrency only.

Thank You.

Feb 26, 2022 06:23 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Buzz Mackintosh - looking back at the Today Show, Kathy C. may have sounded ditzy in 1995 but she really did figure it out quickly when she said, she'd be afraid of getting addicted! The way I see it, Metaverse is a combination of virtual reality, physical reality, and augmented reality! It could lead to creative innovation or creative destruction, depending on how you look at it and its consequences. FaceBook, ActiveRain, and other Social Media sites, can cause you to lose track of time, get depressed, feel empowered or powerless when the Internet goes out, get too involved in lives and lies, and spend too much time at night causing you to lose sleep! Hmmm..... it kind of reminds me of the old Outer Space and Twilight Zone shows that scared me to death!   

Feb 26, 2022 07:03 PM
Buzz Mackintosh

Patricia Feager, MBA, CRS, GRI,MRP I miss the slower days of the 60's, 70's & early 80's when we were not connected all the time!

Feb 28, 2022 09:56 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Talking about the meta-verse within the meta-verse is pretty meta. :) Nice work

Feb 26, 2022 10:27 PM
Edward Gilmartin
CRE - Boston, MA

Unfortunately it’s just one more thing you need an addictive screen to experience.

Feb 27, 2022 03:19 PM
Gwen Fowler-864-710-4518 SC * Mountain* Lake*Home
Gwen Fowler Real Estate, Inc - Walhalla, SC
Gwen Fowler Real Estate, Inc.

Interesting.  Thanks for sharing.

Feb 28, 2022 06:01 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

I imagine the metaverse will start out as fun and they'll figure out a way to make it a necessity in life so we all need it and have to pay for it. I think it is funny to hear Katie Couric say she doesn't want the internet because we'll all be inundated and it is already too much. She was spot on with that one. 

Feb 28, 2022 07:01 AM
Buzz Mackintosh

Carla Freund Zuckerberg seems to be ahead of the curve by changing the name of Facebook & his social media empire to Meta?

Feb 28, 2022 09:53 AM
Peter Mohylsky. BRIX REALTY
Brix Realty - Destin - Miramar Beach, FL
BRIX REALTY -DESTIN

Fun stuff, thanks for sharing the information. 

Feb 28, 2022 08:24 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Are you among the first Metaverse brokers?   I will leave these investment opportunities for others.

Feb 28, 2022 10:59 AM
Buzz Mackintosh

Roy Kelley, I believe I will continue to do things the old fashion way also.

Mar 01, 2022 03:40 AM
Ginger Harper
Coldwell Banker Sea Coast Advantage~ Ginger Harper Real Estate Team - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

This was an interesting post. Thanks for sharing.  Have never heard of Metaverse.

Guess I am sheltered too much.

Feb 28, 2022 11:09 AM
Wayne L. Brown
Franklin Advantage Inc. - Alpine, CA

I sincerely mean no disrespect, but this is just another "Shinny Object" directed to we in the industry and other consumers by Big Tech.

Heaven knows we have Facebook, Twitter, Tik Tok, Instagram, and a slew of other objects dangled by them to gain our attention.

Some possibly could be beneficial, but it just seems like a new craze comes out every so often to get our attention...... until it fizzles out.

We have too much going on out there with a severe shortage of inventory, sky high home prices, huge buyer demand, and now higher rates and inflation.

Personally, I'm just focusing on going back to the basics, and will use what works for me instead of jumping on every new bandwagon that comes along which usually doesn't last long until the next new "Shinny Object comes along.

Time to get back to real work people instead of chasing all the new fades!  Get off the computer, and work your tail off to get new listings, or work the buyers to the best you can while we face this inventory issue.

Personally, I'm focusing on getting loans closed for my agents that refer them to me regularly.  That's my Priority.

Just my opinion, and no disrespect intended.

Feb 28, 2022 05:34 PM
Edward Gilmartin
CRE - Boston, MA

Imagine a world where everyone stares into their smartphone oblivious to their surroundings , never acknowledging people passing them on the sidewalk 

Mar 01, 2022 02:59 AM
Wayne L. Brown

One sees this everyday.  You don't have to imagine; it's been like this now for quite some time. Or people gathered together, and everyone is looking at their cell phones.  Geesh.

Mar 01, 2022 12:27 PM
Ben DeHaven
Haven Realty & Investments - Winter Haven, FL
Proudly serving Winter Haven & Lakeland, Florida

I think someone has read Ready Player One a few times. Thanks for sharing. 

Apr 06, 2022 06:09 AM