The crypto investors of today are tomorrow’s Masters of the Metaverse
As Facebook unveils plans to hire 10,000 people in the EU to develop a so-called ‘metaverse’, I believe we’ll see today’s crypto investors being the “Masters of the Metaverse”, which will potentially alter how we live, interact and do business.
According to a Facebook blog, “the metaverse could unlock access to new creative, social and economic opportunities.”
So, what is the metaverse? It provides a virtual parallel to physical reality where a community of people can interact via avatars. It refers to the merging of physical, augmented, and virtual reality in a shared online environment.
Once again, this latest announcement by the social media giant highlights the metaverse is not being viewed as an extension of the internet, but as its successor.
It will provide the entrance to nearly all digital experiences and form a key part of most physical ones, meaning it will profoundly change the way we live, interact with each other and do business.
The metaverse will revolutionise economies, it will be the key to the creation of whole new generations of businesses, which is why the world’s major tech firms are getting on board. Who wants to be left out of something so huge?
It’s being constructed on blockchains and decentralised applications, which is the same pioneering tech utilised by the top two cryptocurrencies, Bitcoin and Ethereum.
Furthermore, within these virtual worlds, financial transactions will also of course have to be digital. As such, cryptocurrencies will likely become the sole legal tender accepted in the metaverse.
This is clearly a massive advantage to today’s crypto investors. Prices of major digital currencies will likely skyrocket over the next few years. Therefore, those buying in now will be making the most of the lower entry points.
These investors’ purchasing power within this digital space will be colossal as a result; they will be the so-called Masters of the Metaverse.
Although saying that, this is very much in the initial stages, and it could be another decade before we see the potential of the metaverse.
However, there’s a massive advantage for early new tech adopters, as well as crypto investors getting in there early.