Metaverse Can Create A Trillion Dollar Opportunity: Andrew Kiguel
Andrew Kiguel, the CEO of Tokens.com, believes that investing in the metaverse real estate can surely help generate a trillion-dollar economy. The virtual land is an uncharted area as of now as there is not much traffic, and soon by March, there are possibilities of creating virtual fashion runways to attract people from the global space to understand the significance of investing in virtual land.
According to a recent analysis from crypto giant Grayscale, the Metaverse has the potential to become a $ 1 trillion yearly income opportunity in advertising, digital events, e-commerce, and hardware. The research, which was released on Wednesday, comes amid a surge in interest in the Metaverse after Facebook’s declaration that it will rebrand as Meta to focus exclusively on the immersive virtual world it promises would be the internet’s future.
People may play, make things, interact, work, and even trade and earn crypto assets in the Metaverse, a collection of online 3D virtual spaces. The first indicators of the metaverse economy’s potential magnitude emerged this week. Decentraland and Axie Infinity, two cryptocurrency-based metaverses, have sold virtual property parcels for more than $ 2 million.
What Is the Metaverse?
The Metaverse is a virtual universe that connects individuals digitally via social networking, online gaming, augmented reality (AR), virtual reality (VR), and cryptocurrencies. To enhance the user experience, augmented reality overlays real-world circumstances with visual components, audio, and other sensory input. Imaginary reality is purely fictitious, yet it enriches the richness of virtual worlds.
As the Metaverse evolves, it will create online spaces that enable more complex user interactions than current technology allows. Instead of only looking at digital stuff, Metaverse users will experience a world where the digital and real worlds collide.
The Metaverse has become one of the most eye-catching sectors of investors looking forward to the next significant wave in the market for just-in-time investments, particularly after Facebook’s recent post.
Examining The Possibility
With such staggering projections, it’s no wonder that both large and small businesses are working on the technology required to support the Metaverse’s expansion. And for investors, this represents an exciting new opportunity.
Unfortunately, it does not yet exist in its entirety, which is an issue. The core building blocks are in place, and others are starting to take shape, providing us with a glimpse of what the Metaverse may look like in the future.
ImagineAR has created and published AR Cloud 2.0, which enables any business, organization, or person to instantaneously send any form of augmented reality content to mobile phones in any physical place across the globe. According to CEO Silverrstieen, the material may include films, images, portals, NFTs, and access to virtual worlds.
According to Grayscale, the research discussed Decentraland and how initiatives enable users to connect, evaluate, and earn tokens while also earning actual advantages from their online expenditures.
According to the report, people are spending more and more time on the internet and more and more money to attain social status on these platforms.
The MetaverseMetaverse has emerged as one of the most intriguing industries for investors anticipating the next significant wave in the market for just-in-time investments, especially in light of Facebook’s recent post.
The Metaverse: A Zone Of Convergence For Several Disruptive Themes
Infrastructure is being built piecemeal, and public perceptions are altering to the point where a new internet era may be on its way. While fully-fledged, immersive metaverse experiences may take many years to become familiar, early-stage investment possibilities are developing across various topics, including Social Media, Video Games, E-commerce, and Blockchain.
The potential is centered on social media and video game firms harnessing their massive user bases, creative platforms, live digital event experiences, and cutting-edge technology to lay the groundwork for the MetaverseMetaverse. Additionally, strong e-commerce businesses are expected to gain from new sales channels and features.
At the same time, blockchain firms are anticipated to be critical in supplying the financial infrastructure necessary for the metaverse economy to function. While each of these themes continues to disrupt and change the current status quo in the physical world, we think the MetaverseMetaverse offers billions of dollars in the new potential for each.
The Future of Metaverse
According to recent market research, the metaverse business potential might be worth $800 billion by 2024. Given the predicted market size, this may be seen as a steep ascent for the Metaverse.
There is currently no single definition; if you think of today’s internet as a virtual two-dimensional (2D) space where you can create and share content, create value, and connect with anyone, anywhere.
Being a part of the Metaverse is the same as being a part of the internet. This creates the prospect of a new world, a new economy, and new opportunities.
As money pours into the Metaverse and its supporting sectors, the concept’s legitimacy begins to acquire hold on a broader societal level. This event may ultimately persuade Mexican politicians to file petitions to the Mexican Stock Exchange (BMV) to legalize cryptocurrency trading.