I believe we are in a kind of gold rush when it comes to the metaverse. But in this case the gold is not a rare commodity, it is the users attention and that can change on a whim. What is to stop another metaverse open up just next door. Identical in every way except the founders own just 49%.

If the team behind this owning 50% doesn't set off alarm bells then I really don't think people understand what the metaverse will be. This sounds like a cash grab to me. And another example of "The greater fool economy' which a lot of crypto projects seem to run on.

I am excited about the metaverse but at the moment the value is the most silly speculation I have seen in the crytoverse.