Is it worth my time and money to invest in metaverse?
The concept of invest in metaverse has become increasingly popular recently and for good reason. While it remains to be seen how far this technology can go, it does have potential to revolutionize many aspects of life, from business to entertainment. So, is it worth investing money and time into the metaverse?
Potential advantages
There are certainly many advantages that come with invest in metaverse. For starters, the possibilities that could arise from giving users a digital world where they can interact with each other and businesses are almost endless.
For example, a small business could create an avatar-based store that customers could explore and purchase products from. In addition, gaming companies could use the metaverse as a platform for their games, providing players with an immersive experience like never before.
Furthermore, investing in the metaverse also has great economic benefits. According to analyst forecasts by 2022, spending on virtual reality (VR) and augmented reality (AR) will reach $209 billion dollars globally — much higher than its current estimate of around $70 billion in 2020. As such, investors who get in early on the metaverse may be able to capitalize on this growth over time and reap huge profits from their investments.
Successful investing cases in metaverse
There are already plenty of successful cases where companies have invested in the metaverse and seen positive returns.
For instance, tech giant Microsoft recently purchased game developer Zenimax Media for $7.5 billion dollars as part of its push into VR/AR technology; since then, their stock prices have risen substantially as more people learn about their involvement with VR/AR gaming platforms like Facebook’s Oculus Rift CV1 headset or HTC’s Vive headset series.
Chinese tech giant Tencent has invest in metaverse billions into AR content provider Nreal and has seen strong returns from this decision due to Nreal’s growing presence in markets like Japan and South Korea.
Ultimately there is no guarantee when it comes to any investment so people should do their own research before deciding whether or not they believe invest in metaverse is worth it for them or their business needs.
However given all that we know now especially considering all the potential applications of this technology, it appears that invest in metaverse is something people should seriously consider if they want to stay ahead of the curve and make sure they don’t miss out on any potentially profitable opportunities!
How to join the metaverse : 7 Main Steps
1. Research the metaverse
Before joining the metaverse, it is important to research and understand what the metaverse is and how it works. It is helpful to know the definition of a “metaverse”, which can be defined as “a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual reality worlds, augmented reality, and the internet”.
Consider familiarizing yourself with both anecdotal stories as well as statistical data related to the metaverse in order to make an informed decision.
2. Determine your goals
Decide why you want to join the metaverse before taking any further steps. Do you want to join for entertainment purposes? For educational opportunities? For social connection?
Knowing your goals will help you choose which platform or platforms are best suited for your needs.
3. Choose a metaverse platform
Once you have done your research and determined your goals for joining the metaverse, it’s time to choose a platform on which to join. There are many different metaverse platforms options which offer everything from virtual and augmented reality experience to the ability to buy virtual land in metaverse or try out the best metaverse casinos.
It is worth mentioning that some of these metaverse platforms recommend using virtual reality headsets to maximize the experience. Let’s take a deeper look at these metaverse platforms:
Decentraland
Decentraland metaverse is one of the most popular metaverse platforms that uses blockchain technology to power its decentralized economy while granting ownership of digital assets like land parcels and non-fungible tokens (NFTs).
This means that players have full control over their assets within Decentraland’s virtual world—offering increased security compared to other platforms in the metaverse space. In this metaverse platform players can create markets where they can purchase goods such as virtual real estate or services from other players using MANA (Decentraland’s native cryptocurrency).
Decentraland metaverse also offers customizable avatars so players can express themselves within this vibrant ecosystem in whatever way they choose!
Horizon Worlds
Horizon Worlds is a virtual world and game platform that aims to create an entirely new universe of experiences. It is based on blockchain technology and provides users with a unique experience as well as the ability to own in-game assets and content.
Horizon Worlds features activities like exploration, building, crafting, trading, entertaining, learning, and more. Players can create their own virtual reality worlds or join existing ones created by other players or developers. It is one of the most immersive metaverse platforms available.
