5 Reasons to Invest in the Metaverse — YubiGeek

Etymologically, metaverse is the union of two words: meta meaning “beyond” and verse meaning “universe”. It presents itself as an evolution of the Internet as well as the transition to Web 3.0. Indeed, its operating principle is based on the user’s complete immersion and interconnectedness in his online experience. To do this, he uses augmented reality and virtual reality. Without talking, here’s a zoom on the reasons to choose an investment in this new digital world.

The emergence of the virtual sector

The first reason to choose an investment in the metaverse lies in the expansion of the sector Virtual reality. In fact, this remarkable growth represents a boon for all types of investors (large or small). It undeniably marks the beginning of a development that will certainly continue in the coming years. Sandbox reviews can give you more assurance about this.

In 2021, the size of the global metaverse market estimated at 38.85 billion of dollars. According to forecasts, it would be approx 800 billion dollars by 2024. According to these analyses, there is no longer any doubt that the metaverse is one new revolution. It is this in particular that has made a host of investors and companies pay special attention to it. In reality, the latter is looking for the nuggets of gold in this sector, which make up the future universe.

Facebook’s name change

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

In addition, this opportunity allowed him to overcome the tax problems that caused the deterioration of Facebook’s brand image in the real world. In fact, this company is accused of not paying its taxes correctly, of practicing tax evasion. Therefore, the metaverse allowed him to take a new direction. Investing in this virtual universe is then an ideal way to become more successful.

GAFAM is also interested in Metaverse

If you’re looking for reasons to invest in the metaverse, remember that this universe is also coveted by several other big companies outside of Facebook. These include, among other things:

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

The jackpot is that peaks also dare to integrate metaverse. Thus, you will now be able to enjoy the fertile dating market. Nevertheless, it will be in the virtual world. So you can definitely invest in this new world.

A societal change in sight

The occurrence of metaverse does not exclusively mark the birth of a new technological creation. She is also the announcer of one change of society. In fact, based on its operating principle metaverse aims to radically change the way the human species works, plays, collaborates and manages its relationships with each other.

Even better, this universe will change all social interactions in all sectors. He actually is foreboding signs of a new way of living and thinking. Therefore, it would be investing in it a way to adapt to this world.

The growing popularity of NFTs

The second reason to invest in the metaverse is NFTs. Non-fungible tokens became very popular with the advent of this new world. They are like a guarantee of authenticity and confirm themselves as a certificate of digital ownership. They actually represent the gateway to access metaverse. Several million dollars have already been invested in it. In the next few years, further billions in investment are still foreseen.

NFTs can be used to validate files as well as transactions made in the virtual art market in this new world. You can also use it to transport your digital goods from one digital world to another without any problems. So you can invest in this universe to take full advantage of all its rights. You can register on the official Sandbox website to get started.

The explosion of virtual art

The digital form of NFT let art make use of their existence. Several artists have thus already started selling virtual works of art to make money. To illustrate, the large London-based auction house Christie’s created a collage of digital images Beep (American artist) against $69 million. To achieve this, she has just acquired an NFT, which proves that the work belongs to her.

In addition, it should be noted that the metaverse also allows you to sell your own works, and this in your virtual gallery. It actually makes the art market accessible to everyone with an artistic democratization movement like no other.

In terms of gain, remember that the prices paid for certain artistic 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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