Demystifying the Blockchain [telecom]

By Andrew Ross Sorkin
This is bonkers. A new so-called blockchain company is selling virtual
real estate online with prices as high as $120,000 for a 10-meter by
10-meter piece of virtual land. You can buy a plot of virtual land in
a virtual city, with certain neighborhoods costing more than others,
like in a real city. Except that it isn't a real city. It is all
virtual. Follow? Me neither.
Somehow this company, Decentraland, managed to raise $26 million in 30
seconds from investors last year. That money isn't "virtual" - it is
real.
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Bill Horne
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