Staramba Spaces Launches Their Shop: Act Now, There’s Only 412 Coveted Spaces Next to Paris Hilton!

Staramba Store 6 Oct 2018.png

Staramba Spaces (you remember, the social VR space/virtual world with links to celebrities such as Paris Hilton and Hulk Hogan) has launched their online shop, where you can buy… well, not much, yet. All they offer for sale right now are “bidding rights” for various sectors:

  • Celebrity Sector
  • Soccer Sector
  • Tennis Sector
  • Hulk Hogan Sector
  • Paris Hilton Sector

They explain, in the product description of the Paris Hilton Sector:

Plot Bidding Right for the Paris Hilton Sector. This early access Bidding Right enables you to bid for your own real estate plot in the Paris Hilton Sector of the celebrity cluster Primus of STARAMBA.spaces. You will have the opportunity to participate via your Staramba Tokens in the non-public Investor Phase (starting in November 2018) before any public bidding begins.

Be the first!

Bid for a real estate plot with your Staramba Tokens before the public bidding begins.

Next to YOUR star!

The plots will be in Paris Hilton Sector in the celebrity cluster Primus on our first planet, Pasyra.

Here’s a picture of what the planet Pasyra will look like, with the location of the Paris Hilton sector:

Planet Pasyra 6 Oct 2018.png

I note with amusement that these “bidding rights” are limited to one per buyer, and there are “only 412 left in stock”:

Paris HIlton Sector 6 Oct 2018.png

I’ve been trying to figure out what the bidding cost (25 STT, or Staramba tokens) works out to in US dollars, but I haven’t had much luck in finding a website that will do the conversion for me. All I can find is this rather long-winded Medium post explaining the projected lifecycle of Staramba tokens, with the following less-than-helpful timeline:

Staramba1.png

Now, I also follow the chatter on the Staramba Telegram discussion forums, where someone posted the following information:

After the ITO: restricted trade and trade of STT

In November a restricted trade will be possible depending on regulations. This trade is only possible inside the Leondrino Wallet. It is most likely, that initially trade restrictions must be followed: on a daily, monthly and yearly basis as well as per transaction. These specifications are imposed on us by the competent authority in Germany. This means that the STARAMBA.Tokens can be offered and bought once. The price can be made by the seller or the buyer but cannot be lower than 0.25 USD per STT, which was the last price during the ITO. As soon as the STARAMBA.Tokens changed the owner or wallet, the new owner cannot resell those tokens until token class A was reached.

But you can still use them to buy services and products in the STARAMBA.spaces shop.

Tokens which were not sold during the ITO will be offered by Staramba as sell orders (instant exchange) for 1.00 USD per STT, as this is the value per STT reflected in the shop offers, to give all interested parties the possibility to fill up their STT account and afford desired products and services in the STARAMBA.spaces shop.

The token class B will be the next step and an “advanced” restricted trade will be possible.

At this time trading on other exchanges (selection process has already started) will be possible. Furthermore, the possible limits defined for the restricted trade might be loosened.

That means that today, no exact date can be provided when token classes B and later A will be reached. Every step is made due to all regulations and has to be approved by the regulator in advance.

The aim is to have the STT listed on exchanges that meet all regulations. Therefore, we are in close contact with the regulator to get information about which licenses are needed. At the moment, there is no final decision on regulations regarding trading tokens on exchanges from the side of the Financial Supervisory Authority, but we know that they are setting them up and we are in close contact with them to meet all requirements with the highest precision.

Depending on the time it takes until regulations are defined, we cannot tell you when the STARAMBA.Token will be available on exchanges or which exchanges are approved by the Financial Supervisory Authority.

Our goal is to get the STT listed on established exchanges as soon as the applicable regulations are in place and to make the STT as liquid as possible by October 2019. Nevertheless, our product development team of more than 70 people is working on STARAMBA.spaces and the whole company with more than 100 employees is doing its best to have a successful STARAMBA.Token.

If you should have any further requests regarding regulations or trading of the STARAMBA.Token feel free to contact us and we try to answer all questions as good as we can in the next newsletter.

So, you got all that straight? You basically need a Ph.D. in crypto to figure this thing out.

And for what?!?? A coveted space next to Paris Hilton or Hulk Hogan?? Or rather, a possibly-animated “lifelike scan” or “lifelike 3D avatar” of Paris Hilton, or Hulk Hogan, or some soccer star, or Gene Simmons from KISS?

KISS 6 Oct 2018
Image from the Staramba website

I’m sorry, but this simply makes no sense to me at all. Caveat emptor!

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Editorial: Crypto/Blockchain is Becoming a Cesspool

blockchain-3357567_1920.jpg
Image by TheDigitalArtist on Pixabay
Ever since I encountered my first blockchain-based virtual world, Decentraland, back in February, I have been watching the marketplace closely. Many companies have announced social VR platforms based on the blockchain; either they are selling a cryptocurrency for use in their virtual worlds, or are using blockchain technology in some another way, such as registering ownership of virtual land. I have joined the Discord and Telegram channels for the various metaverse-building companies and avidly followed the discussions and arguments taking place. I have scanned their websites. I have read through all their white papers.

The hype surrounding blockchain technology has now reached unprecedented levels. Some of the claims made by companies (or their cheerleaders) for blockchain-based virtual worlds have been misguided at best and deluded at worst (here’s just one example). Bold promises are being made for virtual places which you cannot even visit yet, or which only exist in skeleton form.

In some cases, the use of blockchain is a solution where there wasn’t a problem in the first place, as someone else recently pointed out when commenting on one product. In other cases, companies may be feeding the impression that their blockchain-based coin/token/land will only gain in value, without making the risk clear. Investors who have not done their proper due diligence have jumped on board many recent ICOs and ITOs, hoping to score huge profits similar to those who were early investors in Bitcoin and Ethereum.

Frankly, one of the few companies I have encountered in this area that actually has some substance behind all the hype is Virtual Universe, and I have given video proof as to why I am looking forward to their product launch. But the often-misleading and sometimes-shady statements of some blockchain-based virtual world companies are tainting the entire marketplace, including VU. If I were an investor, I wouldn’t touch any of them with a ten-foot pole.

As I have stated before, I am part of the Virtual Universe (VU) Initial Coin Offering Partner Program (I’m currently number two on their VU Token Leaderboard). The main reason I am participating in that program is that it’s the only legal way I can earn VU tokens before the social VR space launches later this summer (as a Canadian I cannot buy tokens). But I refuse to put one cent of my own money into any cryptocurrency at this point, and I advise anybody who wishes to do so, to do every single scrap of their homework before investing in any product or service. It’s simply too risky.

For example, I am currently a member of the Staramba Spaces Telegram community, and I has been watching with increasing dismay over the past week as numerous people report that scammers are trying to steal their money by impersonating Staramba staff and direct-messaging potential customers, posing as agents for the Staramba initial token offering. The entire Staramba ITO has been a shambles, with the company having to hurriedly suspend the buying of tokens by credit card until a later date. (And why would you choose to go deeper into debt to buy a blockchain token in the first place? It’s insanity.)

The actions of a few bad apples (both individuals and companies) are threatening to spoil the entire barrel. Also, greed is driving investors into ill-informed and risky speculation, and currently, there is a crypto feeding frenzy that is starting to remind me of Shark Week. I fear that this is a financial bubble that will hurt many investors when it implodes. Caveat emptor!

UPDATED: Staramba Spaces—Another Blockchain-Based Virtual World, Built Around Celebrities

Hey, have you ever wanted to be next-door neighbours with Paris Hilton?

Yeah, me neither. But a new blockchain-based virtual world called Staramba Spaces plans to give you that opportunity, according to this article from the CoinTelegraph website titled Company Creates Decentralized VR World Where Public Can Meet Celebrities:

An established company that is listed on the stock exchange in Frankfurt is creating a decentralized, social virtual reality world which gives users the chance to rub shoulders with some of the world’s biggest celebrities.

Staramba has already created what it claims is the world’s largest database of 3D avatars, which features 7,000 stars. They specialize in creating lifelike avatars for Hollywood studios, as well as companies like Konami, the brand behind the ProEvolutionSoccer video game – with its scan of David Beckham featuring prominently in the title’s 2019 edition.

Its upcoming venture, Staramba.spaces, allows users to immerse themselves in a virtual world and engage with their idols in a whole new way. Training sessions with an internationally renowned football star would become possible – as well as enjoying a singalong with a famous musician.

The platform also offers users the opportunity to buy virtual plots of land. Examples highlighted by Staramba’s white paper include the prospect of becoming a neighbor to Cristiano Ronaldo or Paris Hilton, or gaining a prime property with a balcony that overlooks the grounds of a major football club.

These investments could prove lucrative, as it will be possible to rent out these plots to other users – or sell a desirable space at a premium. The company envisages that demand will be high because properties in the most fascinating locations with the highest footfall are going to be finite.

Aaah yes…playing the land scarcity card again. Buy now, because there are only so many coveted spots next to Paris Hilton! Decentraland and its many investors are another social VR space trying to pump up the prices of its virtual land using that angle as well, and it seems to be working…or is it just creating a financial bubble?

Here’s the Staramba website:

Staramba 1 29 May 2018

(Which reminds me, I need to post an update to my popular blogpost about stupid pictures promoting virtual reality. This one definitely belongs in that category!)

Of course, there is the requisite, slicky-produced promotional video, with “pre-alpha in-game footage”, whatever that means:

Staramba will use a cryptocurrency called the Staramba token as an in-game currency. They plan an initial token offering (ITO) this summer. The actual platform, to be called Staramba Spaces, is not expected to launch before the fourth quarter of 2018.

Staramba 2 29 May 2018

Staramba has signed agreements with various celebrities and sports clubs:

Staramba has already forged a series of partnerships – including with top-flight football clubs such as Bayern Munich and Real Madrid, the world’s number one table tennis player Timo Boll, and wrestling legend Hulk Hogan.

Other official licensing partners include the English Football Association, Paris Hilton, SLASH and KISS. It expects further A-listers from the worlds of entertainment, music and sport to join in the future.

I wonder how much Staramba is paying Paris Hilton for the use of her likeness…I mean, who is actually going to get excited about hanging out with a 3D-scanned replica of a celebrity like Portuguese soccer player Cristiano Ronaldo?Staramba 3 29 May 2018

Again, this is yet another blockchain-based social VR space that I plan to watch (from the sidelines) as it develops. Mark my words, all of these companies in this increasingly-crowded marketplace are not going to survive.

I’ll leave you with yet another promotional video for Staramba Spaces, featuring Paris Hilton herself. Turns out she’s an investor in the project. “That’s hot.”


UPDATE June 20th: A recently published due diligence report on the Staramba ITO by the self-described “open, collaborative ICO due diligence” service called ConcourseQ has plainly stated one rather obvious problem with Staramba’s planned platform:

Drawing 3D models of the celebrities does not mean that those celebrities have accepted to interact with their fans on the Staramba platform.

Now, I don’t know anything about the bona fides of the people who run ConcourseQ, so you can accept or reject their recommendation as you see fit. But they have touched on the one thing that has been bothering me the most about Staramba Spaces: How much interaction with real celebrities will you actually get, with all this talk of “lifelike scans” of celebrities and soccer stars? Why would you want to hang out with a 3D scan of a famous person in the first place? And, for the love of God, why would you want to be neighbours with Paris Hilton?

I guess we won’t find out answers to those questions until Staramba Spaces launches later this year. I can’t wait to see what they have to offer.