Facebook CEO Mark Zuckerburg. Others will follow him into the metaverse. Why you should, too.
Since Mark Zuckerberg announced on October 28 that Facebook would now be known as the Meta Platform, or simply Meta, its share price has risen by more than 9%, which is more than double what the Nasdaq NDAQ has done.
If you dont know what the Metaverse is think of it as a virtual world. There are many types of virtual worlds. Facebook wants to be the biggest one. Say what you will about Facebooks foray into the metaverse (theyll probably censor people in these new parallel universes), Zuckerbergs move into this space shows that within the Big Tech juggernauts, this guy is ahead of the curve.
The current, most popular ideas of the metaverse we have today could be described simply as a place that one can visit via smart glasses or VR headsets where you find yourself in a computer-generated world some fake forest or a beach somewhere or your office. The possibilities are endless, says Guy Yanpolskiy, chief organizer of the biggest blockchain and NFT event in Gulf the WOW Summit in the United Arab Emirates.
Yanpolskiy suspects the rest of the Big Tech will follow Zuck into the metaverse, as will the Japanese gamers at Sony and Nintendo.
Disneys going in. This is so obvious.
People are going to become addicted to these virtual worlds, and all sorts of nefarious sad things will happen in them (Ive seen Caprica! This doesnt end well for humanity!), but if I am wrong, maybe I should put some money to work in the meta-space, but I dont want to fork over $340 to own a single share of Facebook. Theres got to be something better, and of course there is. Blockchain platforms are sprouting up all over the place, designed to be the backbone of their own virtual world, where people play games or whatever, trade NFTs and cryptocurrency. Its a wonder they will ever get off the keyboard.
The metaverse trend offers immense potential to revolutionize our lifestyles and communication, and weve seen its development accelerate post-pandemic. But the metaverse is still conceptual and the race has just started, says Shixing Mao , aka Discus Fish, the CEO and Co-founder ofCobo, a formerly Beijing-based crypto currency asset manager and custodian platform now based in Singapore.
Cylons from the SyFy series Caprica (left) and Battlestar Galactica. In Caprica, people used virtual ... [+] worlds to recreate life of the deceased then used that intelligence to upload into robots.
Any company building VR/AR technology like Magic Leap, HTC Vive, Varjo, is a Metaverse company, says Dmitry Budorin, a project coordinator for ArtWallet, an NFT marketplace and storage solution. Any company doing psychedelic research or building biohacking or nootropics products that alter your brain chemistry is a metaverse company. Any company merging these two worlds with digital assets is especially a metaverse company.
Okay, that sounds terrifying.
Companies like Facebook are investing in the software and hardware to support metaverse virtual displays. The scalability of these virtual worlds have yet to go far on the blockchain outside of a few games or well-known platforms like Decentraland. Ive never used it. It seems like the Sims. For games, this brings up a whole new segment of crypto for me GameFi. Yes, Ive heard of it. No, I dont invest in it. I think I should start poking around. This is definitely a corner of the metaverse worth checking out.
If this is going to be a thing, how do we invest in the metaverse before the Cylons take it over?
The best way to invest crypto in the metaverse are by buying NFTs, says Mao, which everyone reading this knows to mean non-fungible token. An NFT is usually graphic arts, audio or video clips that give investors the chance to own a virtualized asset on the blockchain.
Everyone has heard that Decentralands native token Mana hit all time highs shortly after Facebooks announcement. That was a pure momentum trade. Only the lucky got in on that one. Anyone that bought in on the hype has lost money since. Its already back down to $3.20 as of Saturday.
Serious investors can buy the Grayscale Decentraland Trust as a metaverse play in that very same MANA token. Can you believe this is a thing now with Grayscale? Its up over 1,000% since it launched in February. But theres a catch, you have to be an accredited investor which requires a $25,000 minimum investment. If you bought on day one of the funds launch, youd now have $275,000 as of this weekend.Does this make you sick? It makes me sick.
Grayscale CEO Michael Sonnenshein. Grayscale had made it much easier for traditional retail ... [+] investors with an E*Trade account to invest in crypto without having to go through the pain of opening a crypto currency account and deal with crypto wallets.
How can us plebs get in on the action?
One thing thats noteworthy about crypto based metaverse projects is that you can earn tangible resources and assets in the metaverse, which can be exchanged for other digital and real-world goods, says San Morales, chief operating officer for Myobu, a new GameFi project out of Spain. (Wow, I didnt know Spain made things anymore.) Its the intersection of gaming and finance. Youve seen it already with several blockchain projects where it is possible to earn a living merely by playing games. Think Axie Infinity (AXS) for example, he says about the Vietnam-based blockchain game by Sky Mavis where you can make money in NFTs, then sell them for fiat.
We are creating parallel universes right now, people.
Myobu started as a community token in June 2021 and is just starting to work on making a game for the metaverse. They plan to roll it out in stages on the blockchain, starting with a fairly simple trading card game, and moving into a full-blown immersive role-playing game in the later stages. The token is available on Uniswap.
The creation of metaverses will serve as a catalyst for the development of blockchain systems oriented towards decentralized governance, decentralized finance and smart contracts in general, thinks Roman Nekrasov, a serial IT-entrepreneur from Russia and co-founder of the ENCRY Foundation.
He has another way for investors to get into the metaverse: just buy the foundation builders.
Think Ethereum (ETH), Polkadot (DOT), Solana (SOL), Cardano (ADA), he says. 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, he says. 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, Polkadothas a bright future.
Mister Discus Fish agrees.
The first thing to do is to invest in the infrastructure of the metaverse platforms and ecosystems, he says. Typically, the token economy underlying the ecosystem are common investments. The second one is to invest in core NFT assets on a (particular) metaverse platform. It could be something like (gaming) accessories, or clothing for a virtual avatar. The third way is to invest in a social token. Because the social interaction in the metaverse may bring some new social networking apps and create a fans economy, so itll be an integral part of the development of the metaverse, he said.
A whole new world. For real...only virtually real.
Social tokens are a type of cryptocurrency that is built around a community, influencer, or brand. They can be part of a metaverse or have nothing to do with it. Its just another way to diversify your crypto portfolio so youre not just owning Bitcoin, Ethereum and the classic alts like Filecoin and Litecoin.
Id buy AXS for its social aspect, says Yanpolskiy, who was ranked this year as one of the blockchain influencers to follow by Hackernoon. What we see there in terms of their community development is insane. Theyve built multi-billion-dollar, player-controlled ecosystems into games now.
The idea behind the gamification of entire token ecosystems brought Yanpolskiy to make his own play-to-earn gaming guild, CGU.io. Play to earn: the metaverse is calling it says on their website with something like a pink flying pig crossed with a ram and a chicken on their home page. They have their own token CGU is the ticker it trades at around $2 and change.
Yanpolskiy claims Crypto Gaming United now has 70,000 members in around 26 countries. In case you want to follow him on Insta, here he is.
Id rather invest in these than play them. These virtual worlds look like a total time suck. Check out The Sandbox. This Mindcraft looking game has its own token SAND. It started the year worth $0.03. Its now priced at $2.7 and there is something like $2 billion invested in this token.
As the teens used to say back in 2018: I cant even.
Joel Dietz, a metaverse true believer. He is all in on virtual real estate and building the Meta ... [+] Metaverse, a platform to create virtual worlds.
Start buying and developing virtual land and assets, says Joel Dietz, formerly with ArtWallet, and a founding member of Ethereum. Get involved in a couple 100-times growth potential projects and spread your bets.
Dietz is behind the Meta Metaverse, a new platform for building metaverses. It started in late October. We just started issuing our own land sale after intense interest following Dubai blockchain week, he said via his press office. The event ended October 18.
Cryptocurrency investors of today are likely to be the masters of the metaverse. The metaverse now has the potential to take The Sims to a whole new level. We are truly creating parallel systems of existence that will change how we live, how we interact with people across the world, and how we do business meaning you can probably hire someone in the metaverse. So you got fired in the new dystopia for wrong thing? Create a parallel universe in the metaverse and earn a living that way. Oh, itll happen. This is pre-Star Wars stuff going on here.
Nigel Green, CEO and founder of wealth manager deVere Group, says Facebook will hire a reported 10,000 people in the European Union to develop Zucks metaverse on its Horizon Worlds platform.
Facebooks announcement once again underscores that the metaverse is not being seen by those-in-the-know as an extension of the internetbut as its successor, says Green.
As a side note, while this isnt exactly all due to the metaverse, it is all due to crypto: Grayscales total assets under management is now over $60 billion, which is bigger than State Streets STT Gold ETF (GLD) GLD , once the most hotly traded ETF around. Grayscale didnt start launching crypto ETFs until around 2017. The SPDR Gold fund has been around since 2004.
Disclaimer: The author is the happy owner of Polkadot and Cardano. And, of course, Bitcoin.
See original here:
Why You Absolutely Must Invest In The Metaverse - Forbes
- Curious About Brain Optimization? Thesis Nootropics May Be Your In - The Edge - April 20th, 2024 [April 20th, 2024]
- Do nootropics and prebiotics actually do anything? Here's what the experts say - New York Post - April 20th, 2024 [April 20th, 2024]
- This coffee is amazing rave fans of London Nootropics Zen blend now 15% off... - The Sun - April 20th, 2024 [April 20th, 2024]
- What science reveals about adaptogens, probiotics, nootropics and CBD in rising functional drink trends - The Northlines - April 20th, 2024 [April 20th, 2024]
- A Forty-Something's Guide to the Best Brain Boosting Nootropics - Psychedelic Spotlight - October 29th, 2023 [October 29th, 2023]
- Unlocking brain health: The nootropic revolution - Smartbrief - October 29th, 2023 [October 29th, 2023]
- Customer Review: How I Dropped Two Pants Sizes With Inno Supps ... - Muscle & Fitness - October 29th, 2023 [October 29th, 2023]
- One research firm thinks Mississippi is a lot smarter than everyone ... - Darkhorse Press - October 29th, 2023 [October 29th, 2023]
- Assistance from AI: Virginian students struggle the most in the U.S. ... - Augusta Free Press - October 29th, 2023 [October 29th, 2023]
- Building better cognitive health supplements with smart formulations - Natural Products Insider - May 18th, 2023 [May 18th, 2023]
- Podiatry Treatment Market: Forthcoming Developments and ... - Cottonwood Holladay Journal - May 18th, 2023 [May 18th, 2023]
- That movie where Russell Crowe plays an exorcist might have ... - PC Gamer - May 18th, 2023 [May 18th, 2023]
- We tried the new soft drink called 'g-spot' by Gillian Anderson - Metro.co.uk - May 18th, 2023 [May 18th, 2023]
- Brain Health Supplements Market New Pathways for Research and Innovation are Being Opened by Trends ,Growth 20 - openPR - May 18th, 2023 [May 18th, 2023]
- Aussie nootropics start-up, Yootropics, eyes opportunities in healthy ... - NutraIngredients-Asia - May 2nd, 2023 [May 2nd, 2023]
- Nootropics Market Opportunities, Share, Growth and Competitive Analysis and Forecast 2029 - openPR - May 2nd, 2023 [May 2nd, 2023]
- SmartProtein Rebrands As Nutriv With Expanded Vision On ... - Digital Journal - May 2nd, 2023 [May 2nd, 2023]
- The Industry-Loved Supplement That Can Boost Brain Power - SheerLuxe - May 2nd, 2023 [May 2nd, 2023]
- Filler Bite Reaches 100% Funding Goal in Less Than 2 Days on ... - Digital Journal - May 2nd, 2023 [May 2nd, 2023]
- Social Shrooms Have Inspired The Next Wave Of Sober Curiosity - mindbodygreen - May 2nd, 2023 [May 2nd, 2023]
- The 12 Best Nootropics 2022: Top Smart Drugs and Brain Supplements - February 5th, 2023 [February 5th, 2023]
- The 10 Best Nootropic Supplements to Boost Brain Power - Healthline - February 5th, 2023 [February 5th, 2023]
- 8 Natural Nootropics To Improve Intelligence, Memory, And... - Biostrap - December 28th, 2022 [December 28th, 2022]
- London Nootropics adaptogenic coffee has all the perks without the crash - The Independent - October 19th, 2022 [October 19th, 2022]
- Keeping Your Brain In Shape Is Equally Important And Here's How To Do It - Seen in the City - October 19th, 2022 [October 19th, 2022]
- The keto diet and mental health: how closely should the food industry watch this trend? - FoodNavigator.com - October 19th, 2022 [October 19th, 2022]
- Nootropics revolution - patentability in the UK and EU - Lexology - October 13th, 2022 [October 13th, 2022]
- 'Sober' drinks are popular: Why? Are they a good alcohol alternative? - USA TODAY - October 13th, 2022 [October 13th, 2022]
- Almost Half Of US Adults Face Stress - This Company Believes Its Wearable Tech Is The Answer - Benzinga - October 13th, 2022 [October 13th, 2022]
- Focus On Functional Foods: 22 October | Feature Synopsis - The Grocer - September 22nd, 2022 [September 22nd, 2022]
- Nootropics That Actually Might Work, Say Experts Eat This Not That - Eat This, Not That - September 11th, 2022 [September 11th, 2022]
- The Nootropic Supplement This Former Gymnast Swears By For All-Day Energy - mindbodygreen - August 15th, 2022 [August 15th, 2022]
- Best Weight Loss Pills That Actually Work - Outlook India - August 2nd, 2022 [August 2nd, 2022]
- NooCube Reviews: Does It Work? - The Daily World - July 29th, 2022 [July 29th, 2022]
- Global Nootropics Market Report 2022: Market is Expected to Grow to $6.61 Billion in 2026 at a CAGR of 13 - Benzinga - July 29th, 2022 [July 29th, 2022]
- This Week's New Beverages: Black Adam-Themed Energy Drinks, Non-Alcoholic Aperitivos and Psychedelic Microdoses - BevNET.com - July 29th, 2022 [July 29th, 2022]
- The Terminal List season 1, episode 5 recap "Disruption" - Ready Steady Cut - July 4th, 2022 [July 4th, 2022]
- Improve Your Performance and Neurogenesis With These Five Easy Tips - Sporteluxe - July 4th, 2022 [July 4th, 2022]
- Supporting Brain Health with Foods, Beverages, and Supplements - WholeFoods Magazine - July 4th, 2022 [July 4th, 2022]
- Kin Euphorics Expands With a Mood-Boosting Ros, and Other News - Surface Magazine - May 21st, 2022 [May 21st, 2022]
- Alkalife pH Booster Drops Rated #1 for the Second Year in a Row - Digital Journal - May 11th, 2022 [May 11th, 2022]
- Reality goes beyond fiction. This cryptocurrency can change the future of businesses - Yahoo Finance UK - May 11th, 2022 [May 11th, 2022]
- Nootropics Market by Manufacturers, Types, Regions and Application Research Report Forecast to 2028 Queen Anne and Mangolia News - Queen Anne and... - May 7th, 2022 [May 7th, 2022]
- More than human: What is biohacking? - Daily Maverick - May 7th, 2022 [May 7th, 2022]
- Healthy Extracts First Major Brand Influencer Launches New Line of Natural Health and Fitness Formulations on WhitneyJohns.com - Yahoo Finance - May 7th, 2022 [May 7th, 2022]
- Best Brain Supplements, Nootropics and Memory Pills - NDTV - April 9th, 2022 [April 9th, 2022]
- These New Drinks Are Taking Over Your Grocery Store's Alcohol Aisle Eat This Not That - Eat This, Not That - April 9th, 2022 [April 9th, 2022]
- Best Nootropics - Buy the Top Brain Booster Nootropic Supplements - Okanogan Valley Gazette Tribune - March 13th, 2022 [March 13th, 2022]
- 4 Best Nootropics in 2022: Top 4 Brain Supplements and Smart Drugs - The Hindu - March 8th, 2022 [March 8th, 2022]
- HOP WTR Leans Into the Positive Power of "No" With "Up To No Good" Campaign - BevNET.com - March 8th, 2022 [March 8th, 2022]
- In the Aisle: Non-alcoholic beverages go beyond zero proof - New Hope Network - March 8th, 2022 [March 8th, 2022]
- Smart Pill Technologies Market 2022 Size, Share, Growth, Trends, COVID-19 Impact Analysis, and Forecasts to 2028 - Digital Journal - February 21st, 2022 [February 21st, 2022]
- Read This Before You Buy Nootropics. What are the Best Nootropics? Thesis Customized Nootropics Review: The Most Effective Brain Supplements. -... - February 11th, 2022 [February 11th, 2022]
- Here's Why the Jonas Brothers Invested in a Vegan Snack Company - VegOut Magazine - February 11th, 2022 [February 11th, 2022]
- Global Connected Healthcare Market Growing Demand, Future Trends, Competitive Regions and Forecast 2021 to 2027 The Grundy Register - The Grundy... - February 9th, 2022 [February 9th, 2022]
- Sometimes you feel like a nut: almonds in the mood food movement - FoodNavigator-USA.com - February 9th, 2022 [February 9th, 2022]
- Global Nootropics Market Is Set To Reach $5959 Million By 2024 | Exclusive Report by Esticast Research The Grundy Register - The Grundy Register - February 7th, 2022 [February 7th, 2022]
- Hop Wtr Heads Into 2022 With Zest: Introducing Lime - Brewbound.com - February 7th, 2022 [February 7th, 2022]
- Brain health: how to age-proof your brain and stay sharp - Get The Gloss - February 7th, 2022 [February 7th, 2022]
- Best Nootropics (2022) Review Top-Rated Nootropic Supplements - Kirkland Reporter - January 30th, 2022 [January 30th, 2022]
- You Wont Believe What Bella Hadid Just Revealed About Her DrinkingWere So Surprised! - SheFinds - January 30th, 2022 [January 30th, 2022]
- Beverages With Benefits: Do They Really Work? OR Are Beauty Drinks Too Good to Be True? - The New York Times - January 21st, 2022 [January 21st, 2022]
- 3 Key Supplement and Wellness Trends to Watch in 2022 - Green Entrepreneur - January 21st, 2022 [January 21st, 2022]
- Global Smart Drugs Market 2021 Valuable Growth Prospects and Upcoming Trends till 2027 Discovery Sports Media - Discovery Sports Media - January 21st, 2022 [January 21st, 2022]
- How To Clear Your Frazzled Brain and Regain Your Focus - Intelligent Living - January 21st, 2022 [January 21st, 2022]
- LifeVantage to Announce Second Quarter Fiscal Year 2022 Results on February 1, 2022 - Stockhouse - January 21st, 2022 [January 21st, 2022]
- The Different Types Of Supplements And Their Main Benefits - Toys Matrix - January 17th, 2022 [January 17th, 2022]
- This Energy Drink Uses Nootropics To Give Your Brain The Boost It Needs - TMZ - January 9th, 2022 [January 9th, 2022]
- Keep yourself healthy this winter with up to 30% off supplements from Amazon - SFGate - January 9th, 2022 [January 9th, 2022]
- Methylene Blue Nootropics Expert - December 7th, 2021 [December 7th, 2021]
- Can Mushrooms Help in Managing Alzheimer's Disease? Here's What we Know - India.com - December 7th, 2021 [December 7th, 2021]
- These 3 Trends Will Impact the Future of Snacking - NACS Online - December 7th, 2021 [December 7th, 2021]
- Drinking To The Future: Heres How Bella Hadid And Jen Batchelor Are Leading The Age Of Sober Curiosity With Kin Euphorics - Forbes - December 7th, 2021 [December 7th, 2021]
- Nootropics Expert | The Authority on Nootropic Supplements - December 3rd, 2021 [December 3rd, 2021]
- IFF Health Advances in Brain Health Innovation with New Research that Demonstrates Benefits on Cognitive Performance - PR Web - December 3rd, 2021 [December 3rd, 2021]
- Mondelez executive expects three issues to impact snacks category - Food Business News - December 3rd, 2021 [December 3rd, 2021]
- The Complete Introduction To Nootropics, From Beginner To ... - November 28th, 2021 [November 28th, 2021]
- Buy Piracetam Powder | Nootropics Depot - November 28th, 2021 [November 28th, 2021]
- RTD beverages broaden appeal with functional ingredients - Natural Products INSIDER - November 19th, 2021 [November 19th, 2021]
- Buy Piracetam Capsules 800mg | Nootropics Depot - November 15th, 2021 [November 15th, 2021]