Why You Should Invest in the Metaverse

Since Mark Zuckerberg announced on October 28 that Facebook would be renamed the Meta Platform, or just Meta, the company’s stock has gained more than 9%, more than double the Nasdaq NDAQ.

If you’re unfamiliar with the Metaverse, consider it a virtual environment. Virtual worlds come in a variety of shapes and sizes. Facebook aspires to be the most popular social media platform. Whatever you think of Facebook’s journey into the metaverse (they’ll undoubtedly restrict individuals in these new parallel universes), Zuckerberg’s decision indicates that he’s ahead of the curve among the big tech behemoths.

The current, most popular concepts of the “metaverse” that we have today can be easily described as a location where you can visit via smart glasses or VR headsets and find yourself in a computer-generated world—some phoney forest or beach somewhere, or your office.””The possibilities are unlimited,” says Guy Yanpolskiy, principal organiser of the WOW Summit in the United Arab Emirates, the largest Blockchain and NFT event in the Gulf.

Yanpolskiy believes the rest of Big Tech, as well as Sony and Nintendo’s Japanese gamers, will follow Zuck into the metaverse.

Disney is going to be a part of it. This is really clear.

People will grow addicted to these virtual worlds, and all sorts of evil and tragic events will occur there . This isn’t going to end well for humanity.There has to be a better option, and there is, of course. (Why You Should Invest in the Metaverse) Blockchain platforms are springing up all over the place, with the goal of serving as the backbone of their own virtual worlds, where users can play games, trade NFTs, and trade bitcoin. It’s a miracle they’ll ever get away from the keyboard.

“The metaverse trend has enormous potential to transform our lifestyles and communication, and its growth has accelerated since the pandemic. “However, the metaverse is still hypothetical, and the race has only just begun,” Shixing Mao, or “Discus Fish,” points out “, the CEO and co-founder of Cobo, a cryptocurrency asset manager and custodian platform based in Singapore that was previously based in Beijing.

“Any firm that develops VR/AR technology, such as Magic Leap, HTC Vive, or Varjo, is a Metaverse company,” argues Dmitry Budorin, a Metaverse advisor for ArtWallet, an NFT marketplace and storage solution. “A metaverse company is one that does psychedelic research or develops biohacking or nootropics goods that affect your brain chemistry.” A metaverse firm is one that combines these two worlds with digital assets.”

How do we invest in the metaverse before the Cylons take it over if this is going to be a thing?

As everyone reading this is aware, the best way to invest in crypto in the metaverse is to purchase NFTs. “The best way to invest in crypto in the metaverse is to purchase NFTs,” writes Mao, referring to non-fungible tokens.Graphic arts, audio, or video snippets are common NFTs that allow investors to hold a virtualized asset on the blockchain.

Everyone knows that shortly after Facebook’s announcement, Decentraland’s native token, Mana, hit all-time highs. That was purely a momentum play. (Why You Should Invest in the Metaverse) That was a once-in-a-lifetime opportunity for the chosen few. Anyone who bought into the hype has since lost money. As of Saturday, it was back down to $3.20.

Serious investors can invest in the Grayscale Decentraland Trust, which is a metaverse play on the MANA token. Can you believe Grayscale has become a thing? Since its inception in February, it has increased by almost 1,000%. However, there is a catch: you must be an accredited investor, which requires a minimum investment of $25,000 to qualify. As of this weekend, if you bought on the first day of the fund’s introduction, you’d have $275,000 in your account. Is this making you feel ill? It makes me feel ill.

How can us Plebs get in on the Action?

“One thing to note with crypto-based metaverse initiatives is that you may gain tangible resources and assets in the metaverse, which can be exchanged for other digital and real-world commodities,” San Morales, chief operating officer for Myobu, a new GameFi business located in Spain, says. “It’s a crossroads of gaming and finance.” You’ve probably seen it with various blockchain initiatives where you can get money just by playing games. Consider Axie Infinity (AXS), a Vietnam-based blockchain game by Sky Mavis in which you may earn “money” in NFTs and then sell them for cash.

Myobu began as a community token in June 2021, and it is only now beginning to work on a metaverse game. They intend to release it on the blockchain in phases, starting with a simple trading card game and progressing to a full-fledged interactive role-playing game in later stages. On Uniswap, the token is available.

According to Roman Nekrasov, a serial IT entrepreneur from Russia and co-founder of the ENCRY Foundation, the establishment of metaverses will serve as a catalyst for the development of blockchain systems aimed at decentralised government, decentralised finance, and smart contracts in general.

He proposes a different approach for investors to enter the metaverse: simply purchase the foundation builders.

He mentions Ethereum (ETH), Polkadot (DOT), Solana (SOL), and Cardano (ADA). “This is about infrastructure-building blockchain initiatives that are created for seamless transfers between blockchains, not just about blockchain systems for producing decentralised applications.” In my opinion, the Polkadot is one of the most important. ” “Polkadot aims to solve a critical problem by ensuring interoperability between different blockchains on a single platform.” In the not-too-distant future, smooth blockchain transfers will be required. Polkadot, in my opinion, has a bright future in the next five years. “

“The first step is to invest in the metaverse platforms and ecosystems’ infrastructure,” he argues. “In most cases, the token economy that underpins the ecosystem is comprised of shared investments. The second option is to make a (specific) metaverse platform investment in core NFT assets. It could be (gaming) accessories or apparel for a virtual avatar, for example. The third option is to purchase a social token. Because social interaction in the metaverse may lead to the creation of new social networking apps and a fan economy, it will be an important aspect of the metaverse’s evolution,” he said.

Social tokens are a sort of cryptocurrency centered on a group, influences, or brand. They can be a part of the metaverse or have no connection to it. It’s just another method to diversify your cryptocurrency portfolio beyond Bitcoin, Ethereum, and the traditional altcoins like Filecoin and Litecoin.

“I’d buy AXS for the social component,” says Yanpolskiy, who was named one of Hackernoon’s top blockchain influencers this year. “It’s insane what we’re seeing there in terms of community development.” Multibillion-dollar, player-controlled ecosystems have now been created into games.”

Yanpolskiy founded CGU.io, a play-to-earn gaming guild, after being inspired by the idea of gamifying entire token ecosystems. “Play to earn: the metaverse is beckoning,” their website states, featuring a pink flying pig that looks like a cross between a ram and a chicken on the front page. They have their own token, which trades at roughly $2 and change and has the symbol CGU.

Yanpolskiy asserts Crypto Gaming United already has over 70,000 members from over 26 different countries. If you want to follow him on Instagram, you can find him here.

I’d rather put money into these than play with it. These virtual worlds appear to be a complete waste of time. Take a look at The Sandbox. This game, which appears to be inspired by Mindcraft, has its own token: SAND. It was valued $0.03 at the start of the year. It is presently valued at $2.7 and has a market capitalization of around $2 billion.

Start buying and developing virtual land and assets, “says Joel Dietz, a founding member of Ethereum and a former employee of ArtWallet.” “Get involved in a handful of projects with 100-fold growth potential and spread your bets.”

Dietz is the creator of the Meta Metaverse, a new metaverse creation platform. It all started towards the end of October. He remarked, via his press office, “We just started issuing our own land sale after intense interest during Dubai Blockchain Week.” The event came to a close on October 18.

Today’s cryptocurrency investors are more likely to be “masters of the metaverse.” The Sims could potentially be taken to a whole new level thanks to the metaverse. We are genuinely constructing parallel systems of existence that will alter how we live, engage with others around the world, and do business—implying that you can probably hire someone in the metaverse.

So you got fired for doing something wrong in the coming dystopia? Make a living by creating a parallel universe in the metaverse. Oh, I’m sure it’ll happen. There’s some pre-Star Wars action going on here.

Facebook will reportedly hire 10,000 individuals in the European Union to construct Zuck’s metaverse on its Horizon Worlds platform, according to Nigel Green, CEO and founder of wealth manager deVere Group.

“Facebook’s statement once again emphasizes that the metaverse is not being viewed as a ‘extension’ of the internet…but as its successor,” Green argues.

While this isn’t entirely due to the metaverse, it is entirely due to cryptography: Grayscale’s total assets under management have surpassed $60 billion, surpassing State Street’s STT Gold ETF (GLD) GLD, which was previously the most actively traded ETF. Grayscale didn’t start issuing cryptocurrency exchange-traded funds until roughly 2017. Since 2004, the SPDR Gold fund has been around.

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