Enter the Metaverse
The world’s future is going virtual and getting into the Metaverse right now is similar to investing in the Internet or Apple back in the early 1990s
The world has seen massive technological upheavals in the past couple of decades. With the advent of the internet and smartphones and the easy accessibility of computers and laptops, people have access to all the information and people in the world. And with the battle with the COVID-19 pandemic still raging, the Omicron variant posing newer threats, the need for the internet and online world has grown exponentially. With Facebook, arguably the biggest internet company in the world, changing its name to Meta, the signs could not be clearer that we are moving towards virtual reality and the Metaverse.
The World is Virtual
The Matrix might just be a movie for the world, but its impact both culturally and technologically can still be felt and experienced all around us. The idea of humans living in a world created online while being plugged in might seem too flimsy on the surface but has now formed the basis of virtual reality. Over the past decade, many companies and organizations have dabbled into the realm of virtual reality. It first began with the gaming industry and is now expanding to every major arm of the internet.
While the pandemic has been devastating for local businesses and stores, it has presented online businesses with a much-needed boost. We all have had our fair share of online meetings and Zoom calls, birthday celebrations to parties, concerts, podcasts, movie streams, etc. It has become all the more evident that the world is going virtual. It won’t be long before we get a completely immersive virtual reality experience and that becomes a part of our daily lives. This is exactly what Meta (Facebook) wants to do as shown by its CEO Mark Zuckerberg in his presentation.
Along with the announcement from Meta, one other company quickly and quietly dipped its toes into the Metaverse. It was none other than Microsoft when it announced that it is going to take its services like Microsoft Teams into the Metaverse through Mesh. When the two biggest giants of the tech industry are going all-in on the Metaverse, it is time that people should start taking it more seriously than just for gaming and leisure.
Opportunities in the Metaverse
Now that the big wigs are getting into the Metaverse, what does it entail for the everyday joe like us? Well, simply put, it presents a wonderful opportunity to get on the ground floor of the biggest building in the world and make tons of money. There are ways in which one can do this and that is not just limited to investing in the stocks of companies that are building the Metaverse.
Another way is to dabble in the world of cryptocurrencies and the blockchain companies that are going to make the Metaverse a decentralized entity. The metaverse cryptocurrency market cap is still very minuscule when compared to other mainstream companies. There is a huge potential for growth and returns to be made. Metaverse cryptocurrencies like $SAND, $MANA, $RNDR, $AXS, etc. have seen a massive surge in their prices and market capitalization. And the Metaverse is just getting started with all the signs pointing towards Metaverse being built and perfected over the blockchain.
Though the opportunity to make astronomical returns in the Metaverse is immense, the risk and downsides are also profound. Thus, it is always a good idea to tread with caution and do your own research while investing in the Metaverse. It is an opportunity that none should pass on without taking a good look.
