There are even users who make a living by customizing other people's faces.

Tencent's Huanyu-Pengcheng directly incorporates the virtual avatars users have in the VR system.

"Once the specific app is launched, users will be able to customize their personal profile in Huanyu-Pengcheng."

About fifteen minutes later, after the users had experienced the VR experience, everyone exited the VR environment and continued listening to Ren Yu's presentation.

Because the most important part, the price, hasn't been discussed yet.

After trying it out, Li Miaomiao thought it was indeed a good product.

It's just not bad.

"For the first time, we will release 50,000 units of the Metaverse Residence, with prices benchmarked against the transaction prices of residential properties in Shenzhen."

We obtained the housing registration prices of each residential community in Shenzhen for the past month from the housing management bureau. The 50,000 Yuan Universe residential units released this time will be priced at one-tenth of the actual registered prices in those communities.

The price of each residence in the metaverse is different, and it is determined based on the neighborhood where it is located.

Then, the price will be slightly adjusted based on the specific quality.

"One more thing, residential properties in the metaverse don't have shared areas. That means the square footage shown on your blockchain certificate when you buy a property is exactly that amount."

Li Shuyao covered her mouth from the audience. As a fund manager, the most important thing she needed to do was to make a preliminary estimate of the profitability.

After Ren Yu finished speaking, Li Shuyao checked the recent average transaction price of second-hand houses in Pengcheng from below the stage.

The average price is already around 70,000.

Fifty thousand residential units, assuming each unit is 100 square meters, would amount to 50,000 square meters.

In other words, Tencent's total sales price this time is around 350 billion.

She couldn't help but sigh inwardly, thinking how truly heartless these cyber landlords were.

What frustrated Li Shuyao the most was that although she knew the pricing was unreasonable, she was certain that all 50,000 units could be sold.

They might even sell out on the very first day of release.

The wealth imbalance in this world is so severe that wealthy people can buy hundreds of thousands of virtual products without batting an eye.

"The 50,000 residential units we are releasing for the first time are all located in the core area of ​​Shenzhen, with prime views."

Therefore, the price may be a bit high.

More affordable virtual homes will be added later.

This press conference was broadcast live across the entire internet.

Therefore, after Ren Yu finished speaking, the comments section was filled with criticism.

Real-world housing prices are already suffocating enough, but virtual housing prices are even higher.

Tencent's pricing has left cryptocurrency enthusiasts speechless.

They originally thought that if it was only a few thousand yuan a set, there would still be room for speculation.

The current price is hundreds of thousands of yuan per set. If you buy it, you'll be stuck with it and it'll be a disaster.

There may be a difference between the price registered by the housing authority and the actual transaction price; the registered price will be slightly lower than the actual transaction price.

But it costs at least several million per set.

Ren Yu was referring to the core area, which costs tens of millions per unit. Even with a 90% discount, it would still be several million.

Of course, some people also think that there is room for speculation at this price.

"That trash company Tencent is just greedy! Even in the metaverse era, all they're thinking about is reskinning QQ Space to rip you off!"

"Tencent really knows how to make money; how come no one else thought of this way to make money?"

"Tencent should just shut down! They have no real technology, all they do is copy games, and they're constantly engaging in piracy."

In fact, Tencent's operation is quite bold, selling land and housing in the virtual world in the real sense.

Especially today, with the prevailing resentment towards the rich, creating a similar product would undoubtedly be seen as defying public opinion.

Why did Tencent still do it?

Because the profits are too great.

They don't need to develop all the land at once.

The total residential area in Shenzhen is about 500 million square meters, with an average price of 70,000 yuan per square meter, which means the total value is 3500 trillion yuan.

Multiplying by one-tenth still gives a value of 350 trillion.

Of course, they definitely can't be sold in one go.

Tencent's strategy is to proceed gradually, starting with core areas and expensive locations.

Then it spreads slowly.

You need to make money for those who enter the market earlier before you can attract more "newbies".

This revenue is enough to make even a giant like Tencent extremely interested.

The reason why Pengcheng was willing to do so was because they would also receive a share of the profits.

In the metaverse, for every square meter of residential property sold, Pengcheng City receives half of the revenue without having to do anything.

In other words, a metaverse-themed residence sold for 500,000, Tencent received 250,000, and Shenzhen received 250,000.

The government will have a very generous budget, which is the main reason why Shenzhen is willing to let Tencent do this.

Shenzhen is also short of funds. In recent years, very few students in Shenzhen have been able to receive full bonuses under the city's Peacock Plan. Primary and secondary schools have resorted to raising salaries and then lowering them.

The number of projects from universities and research institutes in Shenzhen has been halved compared to previous years.

These are all signs that the municipality is short of funds.

Tencent's Metaverse Real Estate will undoubtedly provide a significant boost to Shenzhen's rapid development.

You can't smoke in real life, but you can take a puff in the virtual world!