$5 Trillion Metaverse Imminent (Must Act NOW)

In this episode of Good Morning Metaverse, Justin and Bryan discuss why Metaverse spending is set to total $5 trillion in 2030, why Arizona State University is filing for Metaverse Patents, and what to expect at the NFT.NYC event next week!

Every week we bring you the hottest Metaverse news to keep you informed on how the space is developing. Drop a comment below with your favorite Metaverse project and maybe we’ll cover it in a future video!

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What We Discuss:
0:00 Intro
0:36 Metaverse Spending to $5 Trillion
1:31 ASU Files for Metaverse Patents
2:35 NFT.NYC Kickoff
3:10 Outro

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Is Facebook a Threat to the Metaverse?

With its futuristic design, the metaverse will be accessible from game consoles, desktop computers and mobile devices. It will even be accessible via virtual reality headsets, glasses and wristbands. Millions of users will be able to work, play and socialize in this virtual environment. While the Metaverse is still in the development stage, several companies have already established themselves in the virtual space. One such company, Decentraland, recently sold a plot of digital land for $2.43 million. Another company, Epic Games, recently announced a $1 billion funding round.

With all of this talk of a virtual world, some may be a little concerned that Facebook is planning to invest $10 billion in the Metaverse. The tech giant has been criticized for issues like privacy and security, and for spreading fake news and hate speech. However, the company has stated that they will responsibly build the Metaverse, and have stressed the importance of privacy and open collaboration with external firms. However, there are skeptics in the crypto community, with Yat Siu calling Facebook a “threat” to the Metaverse.

While some are wary of investing in cryptocurrency projects, many have expressed interest in this new platform. Among these are Microsoft, NVIDIA, and Epic Games. Andreessen Horowitz has invested in many of these companies, including Facebook, Airbnb, Coinbase, Lyft, and Roblox. In fact, the fund has invested in several projects that involve the Metaverse, including Open Sea and Dapper Labs. But despite its stance on crypto, this venture capital fund is focusing on digital worlds.

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