Shark Tank's Mark Cuban thinks buying real estate in the Metaverse is dumb

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He expressed his disappointment with the popularity of virtual plot purchases.

"The worst part is that people are buying real estate in these places. That's just the dumbest shit ever," Cuban said.

"It's not even as good as a URL or an ENS, because there are unlimited volumes that you can create," Cuban told Altcoin Daily, referring to Ethereum naming service domains that serve as readable crypto wallet addresses, which have become a lucrative market. "I still thought it was dumb to do the real estate. That was great money for them, you know, but that wasn’t based off a utility," he said.

 

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