5 reasons to invest in the Metaverse – YubiGeek

Etymologically, metaverse is the association of two words: meta meaning “beyond” and vers meaning “universe”. It looks like an evolution of the Internet as well as the transition to web 3.0. Its operating principle, in fact, is based on the complete immersion and interconnectivity of the user in his online experience. To do this, use augmented reality and virtual reality. Without speaking, here is a zoom on the reasons for opting for an investment in this New Digital World.

The rise of the virtual sector

The first reason for opting for a metaverse investment lies in the expansion that the virtual reality. Indeed, this remarkable growth represents a advantage for all types of investors (big or small). It undeniably marks the beginning of an evolution that will certainly continue for years to come. Sandbox reviews can give you more certainty about it.

In 2021, the size of the global metaverse market is estimated at 38.85 billion dollars. According to forecasts, it would be around $ 800 billion in 2024. According to these analyzes, there is no longer any doubt that the metaverse is a new revolution. It is this in particular that has led a plethora of investors and companies to pay special attention to it. In fact, the latter are looking for the nuggets of this sector that make up the universe to come.

Facebook’s name change

If there is a fundamental reason to bet on an investment in the metaverse, it would be related to the new decision of Marco Zuckerberg regarding Facebook. He gave a new name to his he company which is now called Half. The reasons for an act are clear. In fact, he expects to make large profits in the virtual reality sector which, already in its infancy, is experiencing significant growth.

Furthermore, this option allowed him to overcome the tax problems that caused the deterioration of the Facebook brand image in the real world. This company, in fact, is accused of not having paid taxes correctly, of practicing tax evasion. Therefore, the metaverse allowed him to take a new direction. Investing in this virtual universe is therefore an ideal way to be more successful.

GAFAMs are also interested in the Metaverse

If you are looking for reasons to invest in the metaverse, remember that this universe is also coveted by many other large companies outside of Facebook. These include, among others:

  • Microsoft
  • Epic games
  • Niantic
  • Call
  • Nvidia
  • Google
  • Tencent

The jackpot is that Tinder also ventures to integrate the metaverse. Thus, you can now enjoy the fruitful dating market. However, it will be in the virtual world. So you can, without a doubt, invest in this New World.

A change of society in sight

The occurrence of metaverse it does not exclusively mark the birth of a new technological creation. She is also a host of a change of society. In fact, based on its operating principle, the metaverse aims to fundamentally change the way the human species works, plays, collaborates and manages its mutual relationships.

Better yet, this universe will change all social interactions, in all areas. He is, in fact, the warning sign of a new way of living and thinking. Therefore, investing in it would be a way to conform to this world.

The evolving popularity of NFTs

The other reason to invest in the metaverse is NFTs. Non-fungible tokens have become very popular with the advent of this New World. They are like a guarantee of authenticity and are confirmed as a digital ownership certificate. They actually represent the gateway to access the metaverse. Several million dollars have already been invested. An additional billions of investments are still expected in the coming years.

NFTs can be used to validate files and transactions made in the virtual art market in this New World. Plus, you can use it to transport your digital assets from one digital world to another smoothly. So you can invest in this universe to take full advantage of all its prerogatives. You can sign up on the official Sandbox website to get started.

The explosion of virtual art

The digital form of NFT allowed art to use their existence. Therefore, several artists have already undertaken the sale of virtual works of art to make money. As an illustration, the leading London auction company Christie’s has created a collage of digital images of Beep (American artist) versus $ 69 million. To achieve this, she has just acquired an NFT which proves that the job belongs to her.

Furthermore, it should be noted that the metaverse also allows you to sell your works, and this in your virtual gallery. It actually makes the art market accessible to all with an unprecedented movement of artistic democratization.

In terms of income, remember that the prices you pay for certain art productions that you will look away from in real life are undoubtedly unimaginable. Therefore, if you are looking for a source of income and not for aesthetics, investing in the artistic metaverse is a perfect choice.

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