The Reality of Virtual Real Estate (w/ Jathan Sadowski)

We’re living in a time where a large portion of the population can only dream of owning their own house or land due to increasing prices and stagnant wages, but alas, something called “virtual” real estate is a hot new market, raking in billions of dollars in sales in the last year alone. But why would anyone want to own virtual real estate and who are the driving forces behind it’s sudden popularity? To help us explore this topic, we’re joined by Jathan Sadowski, Senior Fellow at the Emerging Technology Lab of Monash University and host of the This Machine Kills podcast. Follow Jathan: Twitter This Machine Kills Podcast (Twitter) This Machine Kills Podcast (Patreon) Follow GRIFTONOMICS: Website Twitter YouTube

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We are living in a time where a JPEG can sell for a million dollars, celebrities openly endorse Ponzi schemes and when what you've invented doesn't matter nearly as much as what you say you've invented. As snake oil increasingly becomes our new currency, regulators and lawmakers are asleep at the wheel while pay-to-play journalists pump out puff pieces from their slurp juice-induced hangovers. Join us as we explore the dizzying, unending roster of these 2020s-era rackets. Welcome to the age of GRIFTONOMICS.