The (current) Metaverse is a Scam

Here’s why I’m sceptical about the Metaverse and the promises that were made.

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Ever since Mark Zuckerberg announced the name change of Facebook to Meta in 2021, there has been an exponential increase in interest surrounding the metaverse (whatever that means).

This includes the rise in in-game cryptocurrencies such as $SAND, $MANA and $AXS with a year-to-date return of about 16,853%, 4,219% and 18,016% respectively.

These are the 6 hottest crypto tokens you can use to buy real estate in the metaverse

Furthermore, games and brands that are jumping on into the ‘metaverse’ idea are getting a boost from investors trying to get an early piece of the pie. Age-old brands like Coca-cola started selling NFTs. This seemed a bit unorthodox. As we all know, they have only been focused on selling sugared beverages.

Not only that, it gets even more ridiculous when a plot of land in The Sandbox has been sold for $4.3 million. REAL MONEY.