The successful 1992 novel by Neal Stephenson, Snow Crash, introduced the metaverse, which is now the talk of the town. Facebook is now known as Meta, and people across the world are rapidly getting into the thick of the metaverse. Did you know Facebook’s share price rose by 9% back in November 2021 after its rebranding? While the metaverse has been around for a while, people are finally realizing its potential. From virtual meetings to games and even a wedding, people are using the metaverse for virtually everything. These are also some of the many reasons to invest in the metaverse.
It’s been predicted that the metaverse market value will reach over $850 billion by 2028. Major players in the tech space are already investing in the metaverse. Any company that deals in AR/VR technology or aims to alter the brain’s chemistry with nootropic or biohacking products or by psychedelic research, or both is a metaverse company. That’s what the ArtWallet advisor and HackenAI CEO Dmitry Budorin thinks. While it may sound exciting and terrifying at the same time, the fact that many companies from the tech, finance, and crypto domains are already in the thick of the metaverse remains.
If you are one of the uninitiated ones, the metaverse is a 3D virtual worlds network. There are many such worlds, and Facebook, now Meta, aims to be the biggest of them all. You can do all sorts of things in these worlds like hanging out with your friends, going to work, purchasing land, and whatnot. Other big names in the metaverse market are The Sandbox, Decentraland, Nintendo, and Roblox. So, the time is about ripe to start investing in the metaverse. However, is it safe to invest in the metaverse? Let’s find out together.
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Why Should You Invest in the Metaverse?
The metaverse trend offers immense potential to revolutionize our lifestyles and communication, and we’ve seen its development accelerate post-pandemic. But the metaverse is still conceptual, and the race has just started
– Shixing Mao, aka Discus Fish, Co-founder and CEO of Cobo
You are not wrong if you think people are going to get addicted to the metaverse. In fact, many are addicted to these virtual worlds already. While the native token of Decentraland, Mana, had a 400% spike after Facebook’s rebranding, it now sits at $3.22. However, some serious investors who bought the Grayscale Decentraland Trust in the Mana token are now sitting at tens of millions of dollars. Enough to make you sick, right? Therefore, the possibilities of gaining huge profits are endless if you invest in the metaverse now.
Many people earn crypto and NFTs simply by playing blockchain games. Also, many of these blockchain games have virtual worlds of their own. The crypto industry is highly involved in the metaverse because of its potential and, of course, people’s interest in the domain. Just like cryptocurrencies and the metaverse, the play-to-earn model is not new, and millions, if not billions, of people, are already into it. The metaverse is simply providing these people with endless avenues to substantiate their investments.
As mentioned earlier, this 3D virtual worlds network is going to be huge in the future. This is why many influencers from the tech, crypto, finance, and many other domains have been speaking very highly of it. So, if you want to invest in the metaverse, now is the time to act. If you still have some doubts about the same, let’s clear them up with some things famous people have to say about the metaverse.
Influencers’ Take on Investing in the Metaverse
Ever heard of NFTs or non-fungible tokens? Well, they are essentially virtual assets on the blockchain like graphic arts, video or audio clips, and more such tangible and intangible assets. The key thing about them is that many of them have a seriously high value. Overall, owning these assets can prove to be highly beneficial, especially if you are into NFT trading or gaming. Therefore, buying NFTs is one of the best ways to invest crypto in the metaverse. Shixing Mao feels the same.
The best way to invest crypto in the metaverse are by buying NFTs
– Shixing Mao
The development of blockchain systems intended towards decentralized finance, smart contracts, and decentralized governance depends on the creation of metaverse. This is what Roman Nekrasov, the co-founder of ENCRY and a serial Russian IT entrepreneur, thinks. He also feels that buying the foundation builders is another way to invest in the metaverse.
Think Ethereum (ETH), Polkadot (DOT), Solana (SOL), Cardano (ADA). This is not only about blockchain systems for creating decentralized applications but also about infrastructure-building blockchain projects that are created for seamless transfers between blockchains. In my opinion, Polkadot is among those that are worth mentioning most. Polkadot wants to solve a very important task — to ensure interoperability among various blockchains within one platform. The seamless transfers among blockchains will become a necessity one day soon. I think over the next five years, Polkadot…has a bright future.
– Roman Nekrasov
Well, Nekrasov’s not wrong, and Mao agrees with him. Investing in the metaverse infrastructure is the very first thing to do. After that, investing in a metaverse platform’s core NFT assets like gaming accessories, virtual avatar clothing, etc., can further help substantiate the ecosystem’s underlying token economy. Finally, investing in a social token makes sense as social interaction in these virtual worlds might give rise to new social networking apps, further creating an economy of fans. Thus, it plays an integral role in the metaverse’s development.
Simply put, many famous names from various domains feel that investing in the metaverse is safe if done correctly. Therefore, you can put your worries aside and safely invest in the metaverse without looking over your shoulder. However, it is good to have valuable information on the metaverse before you go ahead and start investing in it. Just like in any other domain, you can make the right decisions if you know what the metaverse is and how you can go about investing in it. So, let’s take a look at some ways in which you can invest in the metaverse.
How to Invest in the Metaverse
When it comes to investment, it is not a small task and requires proper planning and research. You need to be aware of things like stock prices, top players in the domain, the latest trends, and much more to start your investment journey. Therefore, it is essential to follow popular metaverse influencers, experts, and people well-versed in the domain. Once you have enough information to act upon, you can start investing in publicly traded companies like Meta, Boeing, Microsoft, and Roblox.
Apart from that, you can even invest in the metaverse land. Platforms like Decentraland and The Sandbox sell digital real estate NFTs. You can rent these metaverse land NFTs, build properties on them, or sell them again. While these are only some of the ways in which you can start investing in the metaverse, the possibilities these virtual worlds offer are endless. However, it is essential to know the ins and outs of any domain before investing in it. It is, therefore, crucial to follow famous figures in the game, get the latest updates, and make educated decisions.
The Key Takeaway
The metaverse is not a new concept and has been around for quite some time. There are many major players in the metaverse game apart from Facebook (Meta), and many are and will be joining the bandwagon. While it is a network of virtual worlds, it is still as real as the air you breathe. People are already using these virtual worlds, and the metaverse is only getting bigger and bigger.
It is possible that this hype may fade away in time, but the odds of that ever happening appear to be astronomical. Big companies from virtually every domain are getting into the thick of it. Moreover, many people are literally living their lives in these virtual worlds, and the day may not be too far when the fine line between the real and virtual worlds will vanish. Therefore, throw all your worries out of the windows, be a little crazy, and touch the fire, for now is the perfect time to invest in the metaverse.
