There's a territory. There was digital land-grab on this territory. A tiny number of people bought all the available digital-land. Now everybody else needs to buy the land from them. At extortionate prices.
The good news? It's easy to create another territory. It's easy to create an infinite number of territories.
Aside 1: as big of a joke the original dotcom boom was, it looks serious compared to web3's $200,0000 floor price jpeg apes.
Aside 2: I read this week about a couple of people losing their jpeg apes because they connected their wallet to some scam site. I thought web3 was supposed to be smarter than "connecting one's wallet to a non-scam site in a way that allows the non-scam site to scam you if they wanted." Is this the best they can do? I was told we'd be connecting our wallets to everything in the future.