Since then, other major players in the tech industry have followed suit. Companies such as Microsoft and Google have invested billions in metaverse-related technology. And, as expected, there is talk about how the metaverse will change people’s daily lives as the Internet did late last century.
While mainstream media primarily focus on the consumer aspects of the metaverse, it’s equally important to explore the investment opportunities that come along with it. New terms such as digital real estate, non-fungible tokens (NFTs), and cryptocurrency are often used in conjunction with the metaverse, but what exactly do they imply?
Investment ideas in the metaverse
The metaverse is still young and may not achieve its full potential until later this decade. But this potential has created a wealth of investment opportunities as startups and tech giants rush to develop their own virtual worlds and networks.
This also raises the question of which is correct, ‘the metaverse’ or ‘the metaverses’.
With numerous groups inventing their own virtual world, it’s yet to be seen whether it will culminate into a massive universe of interconnected virtual worlds controlled by a single company like Meta. Or, will the metaverse consist of a wide array of individual projects and contributions, powered by the decentralisation seen in Web3 and blockchain technology.
Most are betting on the latter, which means digital assets such as cryptocurrencies and NFTs will be huge investments in the metaverse.
