Metaverse Land Shortage Intensifies as Developers Scramble for Virtual Plots
The Metaverse, a mystical place of bits and bytes considered the promised land for woes of the Generation Z, is grappling with a terrible land shortage as boomer financial institutions and millennial crypto venture firms have arrived on April 1 to scoop up its prime real estate.
“I’ve been able to save up two million satoshi in the Bitcoin adits of Minecraft, only to now realize it won’t even buy me a few hundred square pixels worth of virtual land to hang my Bored Ape NFT,” shrieks Cloud Wong, member of the local ethereal guild.
Studies conducted by think tank ‘Our Metaverse Foundation’ reveal that even online, young Hong Kongers have to live longer and longer with their parents, leading to inter-generational conflicts intensified by lack of virtual green space. “It’s all parking lots!” sustainability researcher and cycling affinado Twowheels Cheung (names not altered by the editor, that’s what people in the Metaverse are called) points out.
Indeed, data publicly available through Etherscan reveals that 98% of the Metaverse has been covered in highways, airport runways and the world’s largest virtual port, while only 1% is reserved for housing, recreational use and sports and another 1% for banks and handbag shops.
Despite a recent emigration wave amid restrictions to contain a virus outbreak, developers are optimistic that land premiums will continue to rise. “Land in the Metaverse is famously scarce, and we will not allow any contentious hard forks to increase the block size,” an anonymous government source comments via fax.
With Bitcoin at HK$358,000, at least nobody has to live inside a Satoshi.
