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The scope of the metaverse
The truth is that we’ve barely even scratched the surface of this new universe and any long-term plan is mere speculation for now.
But in theory it can go as far as anyone’s imagination goes.
The metaverse is ripe with possibilities and opportunities. That’s why investors are jumping at the opportunity to snatch virtual land.
Just recently, the CEO of Tokens.com bought real estate in Decentraland worth roughly $2.5 million, while someone else paid $450,000 for a virtual property to be Snoop Dogg’s neighbor in Decentraland.
At this rate, the prices for virtual land are surpassing the real estate prices in big cities across the globe!
Additionally, Microsoft recently bought out Activision Blizzard (maker of World of Warcraft) for a whopping $68.7 billion with Satya Nadella, quoting the “development of the metaverse” as one of the key drivers of the deal.
But Microsoft is just one out of hundreds of companies that have begun looking at how to expand their services in the metaverse.
Facebook, Nike, Balenciaga, MacDonald’s, Walmart, Apple, Netflix, and so many others have also taken steps towards embracing this new universe.
The metaverse is a chance for companies to expand their digital presence and open a new source of revenue. But it is also a place where individuals can earn income by creating and selling products, or even trading assets.
All this probably makes you a little uneasy, doesn’t it?
But there’s no need to worry, sometimes people tend to fear the unknown.
We feared the computer but now we walk around with smartphones. We feared the internet but now we couldn’t get through a day without it. The same goes for the metaverse.
We are also sitting on the edge of our seat waiting to see what comes next! And maybe in the future we will find ourselves sitting next to each other in the metaverse laughing about how confusing it all seemed!
