In the new digital world, terms are emerging that seem cryptic to most. “Buy Silently, Sell Hypely” is a phrase you may have heard before. How does this relate to the new concept of the Metaverse? Can VR really be the future or is it just another scam? Also, why do large corporations acquire land and what do they do with it?
Momentary trend?
All roads lead to the Metaverse, where reality is intertwined with fantasy. However, the concept causes some confusion, as it differs from other definitions of virtual worlds. To say that this is an online video game or a life simulator would be wrong.
Matthew Bell defined the Metaverse as an endless, uninterrupted, self-sustaining, content-enabled ecosystem.
Recognition of the future belongs to Metaverse – more than half of the respondents are already ready to join.
In the Metaverse, users can freely move between different worlds and games, transfer their virtual assets and properties, and contribute to the creation of content, which makes the world more organic and diverse than traditional video games – this is exactly what Matthew expects.
The author of “The Metaverse: And How It Will Revolutionize Everything” talks about the development of virtual reality and describes a new direction for us.
Lado Okhotnikov in a recent article “Metaverse – Big Conspiracy or New Technology?” also shared Bill Gates’ plans and complained about problems with the SEC. It turns out that investments alone are not enough, and the idea is not the main thing.
To create a futuristic world, to make it familiar and not to cause rejection – this is the main task. This is what Lado is doing now in his Metaverse project Meta Force.
Buying land in the Metaverse: bragging or necessity
When it comes to “living” in the Metaverse, what we really mean is a place that can be called home, where the owner can display his property and maybe even invite friends over.
“It looks like your page on a social network that makes you unique in the online community,”
Vladimir Okhotnikov says that the virtual world is not only a toy.
Some buy because they want to be exclusive, others see it as a way to make money. However, in this regard, everything is not so clear. As with any investment, there is no guarantee that it will appreciate in value. And if someone will give you a guarantee, this is the first sign of a financial pyramid.
However, we are at a stage where the value of real estate in the Metaverse is on the rise. For example, the price tag fluctuates and now the average price of land is $400-600. That year, this figure was a quarter less, and five years ago it was possible to buy a plot at half the price. And this despite the fact that the last few years the market, frankly speaking, “sleeps”.
When the entire crypto industry is in trouble, the pressure from the SEC is growing, and the incomprehensible manipulations and the general uncertainty of large players do not add optimism, there is reason to believe that the market is about to “explode”.
Before the rise, big players are trying to immerse the fear of the crypto community as much as possible.
The 2020 pandemic has made mass events impossible, and this has led to a decrease in the income of many companies. The entertainment industry was hit hard, so a fresh breath of air was urgently needed.
The concert in the game Fortnite made a splash. Just over 12 million players gathered to watch Travis Scott online. This is more than the population of most African countries, such as Ghana or Côte d’Ivoire.
Such interest has become a driver for investors, and virtual reality projects including Decentraland, Meta Force and The Sandbox have begun to raise significant funds
The rebranding of Facebook and Mark Zuckerberg’s interest in creating a full-fledged virtual world made an important contribution to the growth of Metaverse’s popularity. But something went wrong, as Meta imagined it to be – having spent more than $10 billion they did not achieve results.
The trend is moving beyond conventional online gaming and is starting to shape a new realm of virtual reality and the digital economy.
Why Metaverse when there are NFT games? Lado Okhotnikov knows the answer
In Metaverse, content creation is carried out by participants. For example, in Decentraland or The Sandbox, anyone can buy a plot of land and build a house on it like in The Sims, run like in GTA 5, or earn money like in Meta Force.
Thus, the difference is that in the Metaverse, participants are not limited in their creativity, while in NFT games, the emphasis is on a specific gaming experience and collecting unique digital assets.
Vladimir Okhotnikov on whether the “old” versions of the Metaverses will continue to develop, “Yes, The Sandbox and Decentraland are pioneers in this market. The projects appeared 7-8 years ago but whether they have a future is still unclear. Work on the creation of UGS – user-generated content is underway. To what extent this will be justified, time will tell.”
Buying land is what investors are coming for now. You can build, rent, advertise and organize entertainment.
And if you look at the potential, Metaverse is still at the initial stage. The price of such land is still low, but as soon as the hype rises, the price tags will increase many times over.
Based on the experience of the real world, the conclusion suggests itself that such investments bring only benefits. The analogy with investing in real estate at the stage of excavation emphasizes that early investments provide great growth potential in the long term.
I’ll wait a little bit more
Don’t you think that now is not the right time to invest? The second half of 2023 promises to be very difficult for the global market and cryptocurrency in particular.
Many experts suggest that the price of bitcoin is likely to drop to 8-10 thousand dollars.
In a recent issue of Macro Markets, Marcel Pechman spoke about the repeat of the crypto winter, “Deflation in China is a real problem that will have an impact on stocks, commodities and bitcoin. In the short and medium term, I would not expect rapid growth.”
Pechman of CoinTelegraph Research has long been predicting the fall of the crypto industry. According to him, the default will provoke a decrease in the value of the crypt by almost 80%, as a result of which the panic will cover not only the stock markets. Weak investors, of course, will try to sell, while strong investors will buy at this time.
However, predicting is one thing, and waiting is quite another. Always remember that the market goes against the crowd. When the majority believes in a fall, only a small part makes money on growth.
Invest today, get tomorrow
Republic Realm has spent $900,000 to buy back its piece of land in the Metaverse. Snoop Dogg, Samsung, PwC, HSBC, JP Morgan have spent a total of tens of millions of investments in virtual reality. So why are they doing this if everyone is waiting for a decline?
Such purchases highlight the growing interest in the Metaverse and digital real estate. It also points to investment potential when users see the opportunity to create, sell and rent digital lots, as well as develop virtual worlds and content.
Making money by providing access to virtual land may seem like a somewhat simplistic description of the process. In fact, this is a whole ecosystem that includes several aspects.
Similar to real estate, owners invest in buying, developing and improving their virtual land. After the land becomes a place to create content. Exhibitions, art, entertainment, events, advertising – all this generates income.
Embryonic stage
The Metaverse is at the same stage as the Internet in the mid-90s. People used the web to view pictures and download music, and had no idea what kind of digital revolution awaited them.
The same goes for the Metaverse. Today, for some, this is a “dark horse”, and for others, a way to increase capital.
Synergy can arise if the members of the Metaverse will actively collaborate, exchange ideas and resources, and create new and innovative products and services. What actually do new projects on the market.
One of these just became Meta Force – a Metaverse with a new vision of how the virtual world should look like. The first step in this, of course, was the launch of the Royalty NFT program.
In simple words, this tool makes it possible to earn money when ideas or things are first improved and then used by others. Let’s say you have a picture or a song. Possessing them, you will be credited with a part of the money for the fact that you have them. This is called royalty. Such a feature is very beneficial for you to get paid for your creative ideas or products when they benefit others.
Lado Okhotnikov spoke in more detail about this in one of his recent interviews. You can watch it on the official Meta FORCE channel.
Regarding the Metaverses, in general the concept of creating virtual worlds is not new and you can find similar ideas in literature and pop culture. The appearance of the Metaverse in the form of fraudulent ICO projects is possible, but the general idea is a logical continuation of the development of video games and virtual reality.
So far, there is no clear mechanism for the transition from one virtual universe to another. But the merger will happen unequivocally, as it happened with the Internet. At the beginning it was a local network, and later it was merged into a global one. Therefore, now we need to think about investing in this area.
