The Metaverse- The New Reality?
If you do not know about the metaverse yet then you definitely should live under a rock or something because it really is the hot topic in the financial markets as I write this article. A virtual place that is threatening where people will be spending their time in the next couple of years. If you watched ready player 1 and thought that such a world was 100s of years away from us then you thought wrong because such a world is already knocking on our door.
Where The Big Money Is
At first, I heard Stephen Curry bought a “bored ape” digital art for $300 000 dollars and I thought maybe that was just a mad moment for him. I mean all these basketball players buy these snobbish goods every time after all. Then as I went further down that research I discovered that billionaires and multi millionaires are splashing their money on nfts. Some amounts that are breathtaking because they could do a lot actually if they were spend in the real world. But alas, a lot is happening as well in the virtual world. And history has shown us that where the big money goes, there the future lies.
Big Companies Adapting
VISA did buy its own nft CryptoPunk nft for a sum around $150 000 in Ethereum and believe you me its not the only big company that has bought an nft for these big amounts of money or rather crypto. Facebook has also renamed itself to meta. This move to escape the bad publicity around the company but it is also about focusing on its project to create a whole metaverse(virtual world) where people can spend their lives and enjoy doing things that they only used to do only in their imaginations. With all the research that companies deploy on projects as well as the labour and funds that they have it is a certain fact that the metaverse is going to be an integral part of all our lives.
So What Now?
I am not going to motivate anyone to invest in the metaverse because just like any investment it carries its own types of risks. However it is very important for every person who knows what is best for himself/herself to know everything they can about the metaverse because it is going to be a very important part of all our lives soon.