Either you’ve heard of it, or you live in a cave! About 1 month ago, Mark Zukerberg announced the name change of the Facebook company to Meta. Of course Facebook remains Facebook but the CEO decided to change the name for a very specific reason, the Metaverse.
Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own research and analysis before making any investment based on your personal circumstances.
What is the Metaverse?
The development of the Metaverse is the logical step after the democratization of virtual reality which is now available for a fairly decent price in our living rooms.
If a game or an application in virtual reality is limited to its universe, the Metaverse goes much further because it will eventually allow you to attend a meeting without leaving your home, to party virtually with your friends and of course to play.
Of course the Metaverse will not please everyone, some will prefer the good old face-to-face method, but that’s not the debate today.
Is it realistic?
According to the report of Grayscale, an investment fund specialized in cryptos, the Metaverse will be at the forefront of the upcoming Web 3.0 revolution! With Web 2.0, we went from a “read-only” internet to a “read and write” internet. Web 3.0 goes further and adds the “own” dimension.
This facet is not without reminding the recent hype of NFTs, which even if they will certainly attract less speculation in the years/decades to follow, will be an integral part of this new virtual world economy.
At the heart of this development idea are the so-called Play to Earn gaming projects, such as Axie Infinity (AXS). Some players can get up to the equivalent of a salary per month.
For the younger generation, at least a third of our time is now spent in front of screens, whether it is TV, social networks or video games.
Revenues from virtual worlds, most often in-game purchases (Fortnite, Clash Royale, etc..) could rise from 180 billion dollars in 2020 to 400 billion in 2025. It is therefore a fast growing sector.
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How to take advantage of it?
As you can imagine, there are already Cryptos that allow us to invest in what will certainly be a new digital revolution.
Decentraland (MANA) is the perfect example, it is already possible to buy LAND in its multiverse. The Sandbox (SAND) is also a very good pick.
MANA, AXS and SAND are the most promising “Metaverse” cryptos in our opinion and they are also quite liquid. We would also add Enjin Coin (ENJ), which has been a long time favorite.
If you are uncertain which Metaverse projects to get into, there is always the possibility of getting into a Metaverse Index Fund such as MVI. Comprising a diverse group of gaming tokens, when you get into MVI, you are basically getting into the list of coins that they are invested in.
Lastly, there is GALA by Gala Games that rallies nearly 350% in November thus far. Its price surged from $0.088 to $0.42 between Nov 1st and Nov 22nd.
The future has many surprises in store for us and the Metaverse will certainly change the way we live, work and play. MANA, AXS, SAND and ENJ are a great way to participate in this revolution.
As usual, this is only our opinion and does not constitute investment advice, do your own research before getting into any projects. Always remember that the higher the rewards, the higher the risk.
Not forgetting that there is also the time horizon consideration. Too many people who are in it for quick gains and jump in and out of coins – that is a high risk that you don’t need to take for sure.
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