Investing in the metaverse? What the future holds as real estate, crypto, NFTs fuel growth – USA TODAY
The metaverse offers investors the potential to stake a claim in an evolving virtual universe. In this land rush, like others, some are panning for gold while other speculators want to sell shovels.
| USA TODAY
The AP Interview With Facebook Whistleblower
Facebook whistleblower Frances Haugen warned that the “metaverse,” the all-encompassing virtual reality world promised by the social media giant, will rob people of yet more personal information. (Nov. 9)
AP
- Real estate in the metaverse, where $20 parcels now sell for $6,000, has drawn a lot of speculators.
- One company has created a ‘Fashion District’ from those parcels, where Gucci and Prada sell goods.
- Investing in the metaverse can be confusing; this guide can give you some confidence and clarity.
Over the next several years, the metaverse is going to become more and more commonplace in daily life. Companies, entrepreneurs and everyone in between is going to look at how to take advantage of the next big wave in tech where, instead of spending time in a browser or on a domain, users will be fully immersed in a virtual world.
As the spaces develop, cryptocurrency will help fuel the new-age exploration. Whether it’s through buying up digital land or purchasing something as simple as an avatar skin, crypto will undoubtedly be a prime form of exchanging goods and services in the metaverse.
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Right now, the “metaverse” can be a lot of different things to a lot of different people.
Essentially, it’s a combination of multiple elements of technology, including virtual reality, augmented reality and video where users “live” within a digital universe. Supporters of the metaverse envision its users working, playing and staying connected with friends through everything from concerts and conferences to virtual trips around to the world.
The term was coined by author Neal Stephenson in his 1992 sci-fi novel “Snow Crash,” where he envisioned lifelike avatars who meet in realistic 3D buildings and other such virtual …….