The Last Word: Mark Cuban on the Real Estate Value of the Metaverse

“Buying land in the metaverse is the dumbest sh** ever!”

Mark Cuban
Dallas Mavericks, Mark Cuban Cost Plus Drug Company, “Shark Tank,” etc. 
.…sharing his take on the Metaverse, crypto, and more via Altcoin Daily.

Here's "who said what" in Dallas Innovates Every Day.Mark Cuban has some hot takes on the metaverse, and he doesn’t stop there. He made a recent virtual appearance on the YouTube channel Altcoin Daily to share his thoughts on Bitcoin, Ethereum, XRP, Cardano, cryptocurrency in general, and more.

“The metaverse is anything you want it to be,” Cuban told the Altcoin Daily hosts. “People that are focused on VR want that to be the metaverse. People want Web3 to be the metaverse. There’s no rhyme or reason to it yet. Now, will there be? It’s gonna be hard to standardize things and to make it interoperable, at least for the foreseeable future.”

“It won’t be just one size fits all. There’ll be a lot of different applications and a lot of ways of defining the metaverse. But right now it’s more talk than anything.”

“The worst part is people are buying real estate in these places,” Cuban added. That’s just the dumbest s*** ever. The dumbest, dumbest… Did I say it was dumb? No, that’s not strong enough. Super-meta immaculately dumb.”

“Now, after you create a community…then you can find places—depending on how that community works—that can have perceived value because of access or whatever. But beforehand? Based off of a traditional real estate model? Dumbest (bleeping bleeping bleep) ever.”

For more on what’s new and next in North Texas, check out Every Last Word.

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R E A D   N E X T

  • Mark Cuban Cost Plus Drug Company Dallas Deep Ellum

    The Mark Cuban Cost Plus Drug Company is building an $11M, 22,000SF drug manufacturing plant in Dallas' Deep Ellum, aiming to "disrupt and disable big pharma." The startup plans to launch an online pharmacy selling 100 of the most commonly prescribed generic prescription drugs at a 15 percent markup plus a $3 dispensing fee. "Our only goal is to push down the pricing of drugs for every American," the company pledges.

  • THE LAST WORD on Dallas Innovates. Find "who said what" in our collection of quotes on Dallas-Fort Worth Innovation.

    Read “who said what” in our roundup of quotes about all things North Texas, including ENO8's Jeff Francis; MyndVR's Chris Brickler and Ted Werth; Axxess' John Olajide; the Urban Land Institute's Ron Pressman; Dallas Mayor Eric Johnson; the Mavs Foundation's Katie Edwards; UT Arlington's Yi Hong;'s Ben Caballero; ParkHub's George Baker Sr.; and more.

  • Mark Cuban Cost Plus Drug Company Dallas Deep Ellum

    The Mark Cuban Cost Plus Drug Company aims to "disrupt and disable big pharma" by offering more than 100 generic drugs "at striking savings" direct to consumers on a cash-pay basis. As a pharmaceutical wholesaler, MCCPDC says it can "bypass middlemen and outrageous markups" by simply charging a flat 15% margin and pharmacist fee. With an $11M plant going up now in Deep Ellum, Cuban clearly means business.

  • The charitable foundation of Dallas Mavericks owner and serial entrepreneur Mark Cuban—is teaming up with local tech firms to launch its free AI Bootcamps for high school students across North Texas and beyond. “These young leaders can now participate in the conversation around how AI should be developed and used,” Cuban has said. “We’re giving them a seat at the table.”   Applications are now open.

  • The $11 million, 22,000-square-foot facility is expected to produce low-cost generic versions of traditionally overpriced drugs—and aims to be a designated site for producing drugs which other companies see as unprofitable to make. Two weeks ago, the MCCPDC launched its online pharmacy, offering 100+ generic drugs at manufacturer cost plus a flat 15% margin and a $3 pharmacist fee.