The idea floating around since the 90s, no one ever thought that the metaverse could have ever even thought of as a potential possibility. The fact that virtual reality might be the force that could rule the world with its influence seemed like a very distant stretch. And yet, here we are with Mark Zuckerberg, rebranding his company to Meta, with a focus on the next big thing, the Metaverse.
Just as it was announced, big names like Epic Games and Niantic poured their resources into the idea and were committed to its build. Things like blockchain, crypto, interoperability, and affordable virtual reality just further the reachability of the idea that is the metaverse. Here’s why it is way more of a big deal than you thought it was!
The New Internet
Whereas virtual reality was already an industry that was up and coming, any idea about the metaverse was as distant as the most distant reality in the minds of most people just a few years back. No more, however! With Mark Zuckerberg naming it as an ‘embodied internet’, everything, from the sheer number of investments to the amount of seriousness this project is being taken care of with, points to it becoming an alternative to social media at first, but then expanding to accumulate all of the world wide webs as we know it. It could be the best big online destination where the entire world gathers, buys, sells, discusses, talks, and makes transactions.
A Leap In Economic & Investment Opportunities
The metaverse is bound to breed an entirely new sense of what investment or even the economy means. From being an entirely new platform for the monetization of content creators, and platform developers, to changing every idea we have to exchange currency, there are no limits and the possibilities are endless. A crypto-based currency would allow for seamless and fairer means of transactions. Some experts even predict the figure of net investment to be around $1 trillion when the metaverse is fully formed. Not only is the amount massive but the credibility of every investor and player is guaranteed by Meta itself, one of the most iconic and trustable companies ever. It will be difficult to not find ignorable for most.
This plethora of reasons is exactly why the Metaverse is to be the next big deal. And why do you, have to be intelligent and ahead of the curve regarding it?