Can reducing the $BEN supply from 420.069 trillion to 100 billion increase its value significantly? Is a 20X possible to reach the penny mark?
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The Metaverse Is Here To Stay
A metaverse is a virtual world that uses the Internet as its underlying network. It is a platform for social networking, online gaming, education and training, as well as creating entirely new and imaginary worlds.
The term metaverse comes from Neal Stephenson’s 1992 sci-fi novel Snow Crash, and its prefix means “beyond” or “over.” It is a concept that has been gaining momentum in the last few years, and it has inspired both companies and consumers to invest billions of dollars in a future that might not yet exist.
Some of these investments are focused on building a blockchain-based metaverse, using NFTs (non-fungible tokens) to create digital assets. Examples of such platforms include Decentraland and The Sandbox. Other investments are focused on a more straightforward virtual environment. Facebook, for example, has been investing in its own metaverse through its VR headset Oculus and its purchase of virtual workplace company Meta.
Regardless of the specifics, these investments are a clear indicator that the metaverse is here to stay, and it will continue to evolve and grow over time. This is a major shift in the way that people access computing and network resources, and it will have profound effects on the business landscape in ways we might not fully understand right now.
As such, it’s important for marketers to keep up with the latest developments in this space, and to begin to think strategically about how they can leverage it. One thing to consider is identifying talent within your organization that might be well-suited to working with this medium. That might be innovation teams that have been developing AR and VR for years, or rising leaders who are “crypto natives.”