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Facebook Throws Money at the Metaverse, But Will It Be a Good Thing?

Facebook is throwing big money at the Metaverse, but will its new investment be a good thing for the community? There’s no way to tell, but some crypto enthusiasts believe that the new currency is a threat to the Metaverse’s existence. Facebook has a history of squabbling with the crypto community, and their $10 billion investment in the Metaverse should concern those who have invested in the company. Those investors should also be aware of Facebook’s long-standing concerns about privacy, security, and hate speech.

Animoca Brands, the first major metaverse to raise investment money, is already a unicorn. The startup has raised $810 million in the past two years, and partnered with Metaverse VC specialist Liberty City Ventures in New York. Other major investors include Soros Fund Management, Winkelvoss Capital, and Boyu Capital. In January, the company raised $360 million, giving it a $5 billion valuation. With its recent success, Animoca Brands is poised to continue to grow its user base.

Although many people think of the Metaverse as a futuristic concept, it has actually been in existence for decades. Many of us have already been interacting with a metaverse-like world without realizing it. In fact, you may have even experienced it without knowing it. The only question is, how will it grow? How will we monetize it? Let’s take a look at some examples. Some ideas include:

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