‘80,000 won’ wiped out Banpo land, 50 times… MZ to solve the metaverse

Let’s think about it. There is a young man with a bank account balance of 1 million won. Where can he invest?

real estate? Living in Seoul is a feeling of feeling. It is also tight to pay two or three months rent for a small studio.

stock? LG Household & Health Care (1.6 million won based on the closing price on the 19th), which is called’Hwangjeju’ in Korea, cannot be obtained for one week. Of course, you can buy cheap stocks. Even that doesn’t go up well unlike others.

But in the virtual world, it’s different.

For only KRW 80,000, you can buy the land in Banpo, Seoul, where expensive apartments are concentrated. It is not a dream to enter the 3rd district of Gangnam, which used to be the cake of painting. The yield is also 5000%, which is salty. Even after buying a small cryptocurrency, it has multiplied 10 times in two years. In reality, it is impossible to dream of, and in another world, it is to solve the han (恨).

About the hottest topic these days, bitcoin, the leader of the virtual world, the young people the secret team met said, Nowadays, when we are interested in whether it will be the currency of the next generation by breaking the highest price every day, we have a glimpse of confidence in them. It is not just’speculation’, but that Bitcoin will be the center of the trading method.

But why do they invest in bitcoin or something that can’t be held.

At its center is the’Metaverse’. It is a compound word of’Universe’, which means the real world, and’Meta,’ which means processing and abstraction, and refers to’three-dimensional virtual world’. Metaverse is familiar to the MZ generation born in the early 1980s to early 2000s. It is natural for them to cross the mixed virtual and real worlds like the movie Ready Player One (released in 2018). Virtual currency is no different from real currency.

Last year’s US presidential election was also an extension of the Metaverse. President Joe Biden, who was a Democratic candidate at the time, jumped into the world-famous Nintendo game “Gather, Animal Forest”. His avatar became a hot topic with the campaign.

American teenagers are already enthusiastic about’ROBLOX’, which communicates with avatars in a three-dimensional virtual world. Another analysis found that children and teenagers under the age of 16 spend 2.5 times more time at Roblox than YouTube. It is the result of proving that there is a natural perception of a non-substantiated digital world.

Kang Yoo-bin (31), CEO of the blockchain community’NONCE Classic’, is also an investor familiar with Metaverse. Kang, born in the mid-1990s to early 2000s, saw that the’popularization’ of bitcoin would take place in Gen Z, and he boldly invested.

“The MZ generation, who has grown up with smartphones since childhood, spends much more time in the digital world than other generations. Of course, digital currency such as bitcoin or digital gold has no choice but to be more familiar.”

Change is ongoing. Lee Jung-yeop, 33, who works as a stock analyst at Wall Street in New York and runs the YouTube’Waltuga’ channel, said, “The people who bought bitcoin in 2017 were all individuals, but now investment institutions are starting to trade bitcoin.” I deliver.

Lee, who originally had a negative view on Bitcoin, also changed his mind last month when the uptrend continued.

He said, “As a result of studying bitcoin with an open mind, reading many reports and studying, I decided to invest.” He added, “If people with a lot of money previously only considered investing in stocks and real estate, now they see Bitcoin as a safe asset or a place to bury money.” It is an explanation that a big change has already come.

Mr. Lee explains, “If bitcoin occupies 50% of the gold and silver market, it is 6 times its value now.” JPMorgan Chase, the largest bank in the United States, also diagnosed that Bitcoin has emerged as a gold competitor. In the long run, it was analyzed that the market price could reach 146,000 dollars (about 150 million won).

For those who entered the metaverse, gold is useless than Bitcoin. It costs a lot of storage and is not easy to move. On the other hand, Bitcoin cannot be stolen by anyone. This is because every time a transaction takes place, everyone participating in the system keeps the same ledger.

Inflation also promotes’post-reality’. The value of the currency is deteriorating as governments around the world are struggling with money to prevent the economic downturn caused by the novel coronavirus infection (Corona 19).

This is a question posed by Yoobin Kang. The answer of the MZ generation is that it is not necessary when you think about whether the currency should be real.

But there is still a long way to go. Because there is no guarantee that Bitcoin, which has only 12 years of history, can replace gold.

Hong Ki-hoon, professor of business administration at Hongik University, said, “Gold has been established for the past 2000 years. “I don’t know what will happen to bitcoin in 2000, which claims to make history.” If something else emerges in the name of innovation, then Bitcoin’s exit is a predicted sequence.

Nevertheless, the transition to metaverse is faster. Virtual land transactions have appeared beyond digital currency. ‘Earth2.io’ is representative. I created a virtual space on my website that replicates the Earth.

Famous cities around the world such as Paris and Rome, as well as representative historical sites, are already sold out as’Sold Out’. Now you have to pay much more expensive money to buy someone else’s land.

Korean users, whose house prices are soaring day after day, have also invested in expeditions. The current value of the land shares they bought is 1,262 million won. In particular, Gangnam, where the real estate market price is high, occupies a lot. Apgujeong and Cheongdam-dong have already been dealt with, and the same is true for’Mayongseong (Mapo, Yongsan, Seongdong-gu)’ along the Han River with a nice view.

A domestic user paid about KRW 80,000 in December of last year to buy all the surrounding land, including Banpo Acro River Park, over 100 million KRW per pyeong. On this website, the value of the land that the user wiped out has risen to about 4 million won. The desires of reality are also hotly expressed in the virtual world. For the MZ generation, there is also the effect of surrogate satisfaction.

This is the prospect of Sang-gyun Kim, professor of industrial engineering at Kangwon University. His explanation is that it is because there is no satisfaction with the human needs that constantly explore and achieve.

Professor Kim said, “It seems that the earth has come to a state of saturation to digest the essential characteristics of human beings without satisfaction in the frame of time and space. “We create one more digital earth on top of the physical earth and see it as a space where we can achieve a lot of communication or achievement.”

It is still unstable, but the transition to a metaverse that will soon become a daily routine for some. Are you ready for the metaverse? And how do you build that world?

Reporters Baek Hee-yeon and Park Gun [email protected]
Video = Intern with Sieun Lee, Jinyoung Lee, Yejin Cho, Kyungmin Baek