News Ethereum Sell-Off Inspired by Bitcoin, Inflation and High Transaction Fees


Cryptocurrency (even Dogecoin) seems like a conservative investment when compared to "real estate" on an ape island in a "metaverse".

Imaginary money need not be managed in a serious way.


Yuga sold out of Otherside Metaverse real estate, raising over $200 million. Some individuals flipped their purchases quickly for a fast profit. However, Yahoo observes that many virtual plots of land are now valued at below original sale price.
Smells like a classic pump-and-dump scheme: sell something as a collectible with a sales pitch promising seemingly guaranteed profit, liquidate your stake in the make-believe estate, then walk away laughing maniacally as you watch the whole thing crash and burn once people realize what sort of con they bought into.
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