domains As Meta stock tumbles with Metaverse losses mounting, should domainer’s rethink their domain holdings

[equity78]

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With all the speculation and hype around the Metaverse and domain names related to Metaverse and meta, this past week had to give one pause. Meta Platforms the parent of Facebook got trounced in the market. They are losing a lot of money so far in their attempt to build their Metaverse. The stock of […]
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[Surya Giri Kurniawan]

Meta Facebook is not the leading player in Metaverse. The leading players are Decentraland, Sandbox. Land Parcels in Decentraland used to be only $20, and now the ceapest are $3000.There are leading brands including Ferrari, Adidas, Sotheby's, etc. already open store on Metaverse. So for me, Metaverse is not Meta inc. which already failed in Diem Crypto (used to be called as Libra). Meta inc. might fail in Metaverse too, who knows. But Crypto and Metaverse are the other story, not connected to Diem and Meta Platform.

 

[Digital Nomad]

I’ve been saying for quite some time that the idea of the metaverse is dumb.

Anyone who invested in these types of domains will regret it. Good luck and just know it happens. Learning curve…

Lots of people made a lot of money last year, you have to know when to bail out, but while the "buzz" is hot, it's smart to invest in whatever niche, but know when to exit.

Source: NameBio.com

 

[Digital Nomad]

Facebook wants to own the "metaverse". That is counterintuitive to the entire concept of it.

One company owning it is bad enough. Facebook being that company would be far worse.

I don't think they have any actual interest in the concept other than it's just another way to use data and technology to jam ads in front of your face.

Brad

Can you imagine having a headset which you can control with your brain/mind. This is what Meta/Facebook and others are working on. And now imagine that with injecting ads, controlling consumer behaviour etc. Weird world it would be, pretty dangerous. Not to mention hackers. But this is the future, VR AR MetaVerse is still in the beginning, taking its first baby steps. Imagine in 15-30 years. I only own one domain now "iimmerse" which I will hold on the long run, because you never know, but sold lots of VR ones in the beginning/hype.

 

[Digital Nomad]

Yeah, I will pass on that. It sounds a dystopian nightmare out of a show like Black Mirror.

Brad

Reminds me of the movie Ready Player One, everyone isolated in reality, but connected in virtual reality, scary.

 

[Digital Nomad]

I'll keep this shorter then my last post which didn't address some crucial points...

Meta Platform's issue and losses is not reflective of the Metaverse as a whole.

If you weren't around domaining during the Great Recession 2007-2009 then these are fearful times. Fearful times breeds panic.... if you did not prepare your portfolio or finances adequately, then you do what you need to do to eat which typically means selling cheap. But holding is the better strategy when facing recessionary pressures especially in a niche where major players have yet to enter the ring and we have countries like Dubai via Dubai Future wanting to be the leader (and China) and other governments changing their economic outlook to reflect the metaverse.

2007-2009 the major tech niche emerging at that time was "CLOUD". Late 2006 early 2007 was quick boom before recession came full blast. It was another big holding season and it wasn't until 2010 that the Cloud market really exploded and still going strong. Put same pattern occured.... panic selling.... saavy buying.

If you don't have great names, hey recoup your money because where there is panic selling and there is also active spread buying occuring. If you have great names or decent names, you hold until the dust clears.

And it is NEVER a good idea tying your portfolio decision based on 1 company's outlook. Research Research Research.... also, network and ask questions if this environment is not your strong suite. Unsettled environments is where you can make a lot of money and also where you can lose your shirt so strategize wisely based on your risk tolerance... you have to decide what's best for you... but I would suggest not panicing.

Best of luck everyone! Just my 2 cents.

That's it, you nailed it! In addition it does not mean because Meta Platforms, Inc. aka Facebook is failing (which could change in the future too) that the metaverse will fail as a whole industry, it is still super early not to mention the recession going on.

Check out this video about the Great Video Game crash of 1983, everybody thought gaming would be a flop, until Nintendo NES came along and changed the game literally.

 

[JB Lions]

So the second coming of Second Life isn't going as planned, not shocked at all.

This will always be a niche type of thing.

I think the further we barrel ahead into what technology can offer, the more you'll see nostalgic type stuff getting more popular. Good ole days, when life was simpler etc. will be some of the keywords.

 

[bmugford]

Facebook wants to own the "metaverse". That is counterintuitive to the entire concept of it.

One company owning it is bad enough. Facebook being that company would be far worse.

I don't think they have any actual interest in the concept other than it's just another way to use data and technology to jam ads in front of your face.

Brad

 

[Ostrados]

The main reason for Meta bad start is that they didn't first study if people will accept the idea. They just wanted to push the technology as a new reality and we have to accept. Who said we want this?! People value quality time outdoors more than ever so I believe most people will simply opt-out of the Metaverse.

All indicators are negatives for Meta, it was huge risk that they took, and I expect that the idea will be abandoned eventually.

 

[Digital Nomad]

 

[boker]

I’ve been saying for quite some time that the idea of the metaverse is dumb.

Anyone who invested in these types of domains will regret it. Good luck and just know it happens. Learning curve…

Check this: https://metaverse-standards.org/members/ only a fraction of the companies involved in the niche, check the caliber of these companies and the money involved and tell them that they are dumb. Even as of today, each day there are more companies investing in the niche.

 

[MadAboutDomains]

Meta Platform's issue and losses is not reflective of the Metaverse as a whole.

300 users a day.

2007-2009 the major tech niche emerging at that time was "CLOUD".

Cloud market really exploded and still going strong

Cloud had utility that made EVERYTHING easier for people and for businesses. Metaverse doesn't have these properties.

Cloud is "we'll store that on our servers". That's a great concept.

You can pay to live in a virtual world like a drone and experience something that is completely rubbish and half bakes isn't the same.

My 2 cents

 

[AEProgram]

I found that the people into the metaverse and products like it, believe in it like someone believes in a cult and would rather lose everything they have than reconsider their investments.

Most people not into it are not against it, they just want to wait a little more before investing.

To confirm it's a cult, anyone that challenges the belief in the metaverse, is immediately attacked by the cult worshippers. Some people get so intimidated by these worshippers that they either say nothing or worse, give bad investment advice to appease the few very loud, people of the meta cult. You also will find people that don't believe in it that will say, "I definitely think one day it will be very popular, however, that will take a while." They say this out of fear of the cult worshippers.

 

[Kingslayer]

I'm not invested in 'meta' or 'metaverse' domains anymore.

But i still believe in the 'metaverse' as a concept, i think a problem Facebook might have is them actually branding around ‘the metaverse’, calling company 'meta' and probably owning Metaverse dot com, this is like Amazon or Apple saying 'Amazon' or 'Apple' is the future (if these words mean something like 'metaverse' does) but trademarking the term, 2 problems with that are:-

1) It prevents other companies embracing 'meta' and 'the metaverse' i.e. they can't brand around it.

2) Would companies want to brand around something largely associated with Facebooks company name anyway? Some high profile companies changed their name completely as result of Facebook branding around ‘Meta’ for example MetaBank. Companies want their own identity, why should they use and promote ‘Meta’ and the ‘Metaverse’ and make ‘Meta’ (Facebook) stronger?

 

[enterscope]

Why don't people just admit that VR is a fairly small niche market that has failed to gain traction every single time something innovative comes out going back at least 30-40 years.

It's fun for a few days, then it's on to something else. People want to really feel connected. Not some pseudo-reality that at the moment only offers minimal practical use.

You can video chat on Skype and Zoom so why do we need virtual reality chatrooms again?

The only thing beneficial that is going to come from VR is VR-controlled machines for manufacturing and other dangerous jobs. But at this point, it's basically an FPV radio-controlled equipment. Not a metaverse.

 

[Digital Nomad]

Last year was the key point of your post. Also knowing when to move along!

That's what I'm saying. But it can also rise again with time, because the MetaVerse is still in development.

 

[NYJimbo]

Anyone who invested in these types of domains will regret it. Good luck and just know it happens. Learning curve…

Well, I made back all the money I spent on buying them as handregs, but thats not really investing. Right now its cost me nothing and I made just over $1200 profit. Its the coming renewals that I have to be careful with. Most expire in Jan to May 2023.

 

[acs6656]

everyone = the same people and not many new people

same people + startups

 

[Future Sensors]

Mark Zuckerberg’s metaverse vision is over. Can Apple save it?​

The CEO of the social media giant has spent billions on his virtual reality dream – and still no one understands the idea. Now the world’s richest firm could change the game.

Read more:

https://www.theguardian.com/technol...gs-metaverse-vision-is-over-can-apple-save-it

 

[NYJimbo]

i think a problem Facebook might have is .....

I think the problem is that Facebook is the wrong company to be the pioneer "metaverse" company.

Apple, IBM, Google, some giant tech company. But Facebook is just a social media and networking service. Nothing about them gives them the experience and resources to do something this massive.

Even Apple said they saw more of a mixed reality environment than this full blown immersed world that Facebook is talking about.

 

[Digital Nomad]

Yes, scary. An unfair advantage and dichotomy can arise, due to the daredevils who go completely bionic, and the people who do not want or dare to do so.

Related:

Invasive surveillance: Are regulators ready to deal with Facebook’s ‘metaverse’?​

https://www.brisbanetimes.com.au/te...ith-facebook-s-metaverse-20211101-p594ys.html

Now imagine having an AI chip in your brain, but only the very rich/elite can afford, even scarier.

 

[Digital Nomad]

He can't even give his avatars legs, he is way off from anything like that.

Right now its all promises and bullcrap. People are buying "land" with nothing on it and nothing around your property. Tiliaverse is selling real world locations, like buildings in NYC, but of course in the metaverse. What the hell are they going to do with them ? Think about designing a whole building and then nobody being in it or nothing around you being developed.

Yes I also think it's absurd, but hey if they can buy my domains it's ok lol I think the same of NFTs, funny how an ape gives you status now a days, but hey no judging, it's an investment, if it makes you rich, why not? It's all about perception, just like Rolex, you don't buy TIME but you buy status. We can all know the time on our phones. Or another example, a car worth millions, why not take the bus for 3 dollars. Hey you can be smart and take advantage of these opportunities, but I would would use the money to travel or something else, but to each their own, whatever makes them "happy".

PS what about art in the real world, it's just a painting, and the painter is dead, but they sell for $100,000,000. It's an investment, whatever works to make you more money, as long as people are not harmed and that you understand how the world works and know the risks involved, you can make a nice profit too.

 

[acs6656]

I don't know much about the Metaverse, but Web Summit 2022 is happening right now and everyone is talking about AR, VR, blockchain, metaverse...

 

[Digital Nomad]

startups are people

He meant, same people + new people (startups)

 

[Digital Nomad]

Search term for "metaverse" in Google:

Source: Google Trends