PUBLISHED 4:35 PM CDT Jul. 08, 2022AUSTIN, Texas —
Justin Reed has been picking up the controller for as long as he can remember. Now the gaming world has become his place of residency. “It's been a dream of mine to own a chunk of this game for a very, very long time in my life," said Reed. After a bonus working at Walmart, that dream became a reality this year — but it cost him $18,000, all of his money he saved for retirement. Justin Reed plays video game Entropia Universe on his couch in Kyle.
“People are buying virtual land expecting to profit from it,” said Paul Toprac, Associate Director of the Game Development and Design Program at UT Austin. “It’s a distinct possibility that everybody will be plugging into the metaverse in the next 20 years and doing a lot of their work and play there and so then this would be just like buying land in the real world.”
He says while companies like Meta are behind the movement towards VR, buying virtual property is risky business.
Man I remember Second Life. And Habbo Hotel. And AlphaWorld. This time is gonna be different though.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meta captures 90% of the VR headset market: reportMeta's Quest 2 headset, which serves as a gateway to its metaverse, dominates the VR headset market, followed by ByteDance's Pico. Its over. Zuck become dumb People like real nature earth than stick their face to dumb VR Normies love Facebook and hate crypto 🤣🤦♂️ someone open their eyes
Source: TheBlock__ - 🏆 464. / 53 Read more »
Texas asks federal appeals court to end the Obama-era DACA programDefenders of the 2012 Deferred Action for Childhood Arrivals policy said Texas and other Republican states have not been able to prove they’ve suffered financial harm in the decade since the program was first initiated. They’re just trying to get it to the Republican-funded Supreme Court who WILL overturn it. I feel SO unrepresented in Texas.
Source: KUT - 🏆 77. / 68 Read more »
Freshman Alex Anamekwe looks like the perfect fit for TexasUnique among Texas’ 2022 signing class, McKinney forward Alex Anamekwe is the sort of...
Source: ExpressNews - 🏆 519. / 51 Read more »
Texas to send illegal immigrants back to borderWhen Texas authorities arrest illegal immigrants they will now be able to take them and dump them back on the U.S.-Mexico border, Gov. Greg Abbott said Thursday. NewsNancy9 Awesome 👏 NewsNancy9 We are trying to keep them alive!! With Biden’s Open Border Policy many have died!! Including the 53 in the tractor trailer! AND AMERICANS FROM FENTANYL! IN CASE YOU HAVEN’T NOTICED BIDEN’S PRESIDENCY SUCKS!!! Should have been happening this whole time
Source: WashTimes - 🏆 235. / 63 Read more »
Texas-based Karbach Brewing Co. launches Ranch Water Wanderer contest with $10,000 travel stipendThe brewery will offer one Texan a paid adventure to travel across the Lone Star State and the Southwest. Texas Travel CraftBeer TexasBeer RanchWater Southwest
Source: SAcurrent - 🏆 607. / 51 Read more »
Abbott invokes Constitution's 'Invasion Clause' as Texas lawmakers slam Mayorkas' border 'baloney'Lubbock Republican Congressman Jodey C. Arrington sounded off on the Biden administration's continued failure to secure the United States-Mexico border.
Source: FoxNews - 🏆 9. / 87 Read more »