Mark Cuban loves cryptocurrency and Web3 technology, but thinks buying digital real estate in the metaverse is not a good idea. “The worst part is that people are buyingreal estate in these places,” Cuban told YouTube channel Altcoin Daily this week. Cuban: “I’m a big fan of the Web3 platform, but I don’t think it’s good for people to buy real estate there.”

Cuban is referring to companies like Decentraland or The Sandbox where people can invest in virtual land within the metaverse. The metaverse in this case refers to a 3-D decentralized version of the internet. Celebrities like rapper Snoop Dogg, and reality TV star Paris Hilton, as well as companies like Gucci, Atari0KUV, and Atari.

Mark Cuban says ‘crypto is going through the lull that the internet went through’ The Dallas Mavericks owner is invested in the crypto and NFT space and claims to own several thousand dollars worth of bitcoin. The metaverse real-estate market is expected to grow by $5.37 billion between 2021 to 2026.
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