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Investing in the Metaverse
Animoca Brands, a mobile game startup, has pivotally shifted its focus from mobile gaming to help shape the new web. Yat Siu, CEO of Animoca Brands, has a vision of Web3 as an alternative to the tech giants. As consumers enter the immersive market, they are wary of technology controlled by big corporations. Animoca Brands, which also owns CryptoKitties and NBA Top Shot creator Dapper Labs, has been actively building this new internet.
Investing in the Metaverse is an exciting opportunity. This emerging technology promises massive returns in the NFT and crypto industries. It will be possible to invest early in companies whose business models are tied to the Metaverse. To get started, you can use platforms like Cryptovoxels, The Sandbox, or Decentraland. You will need a non-custodial crypto wallet. This will make investing in the metaverse relatively safe.
As a platform for virtual collaboration, the Metaverse offers a new level of entertainment. With AI avatars as your friends, you can work and socialize in a virtual world. Horizon Workrooms, for example, allow users to meet in the same virtual room. Other projects, such as Horizon Home and Horizon Venues, will allow users to create friendships and interact with their colleagues. Mark believes Metaverse will make working from home a new trend.
Besides VR, the Metaverse is social by nature. In contrast to the traditional lonely VR experience, gamers in the metaverse can invite real-life friends to play with them in the virtual world. They can engage in interactions with fellow gamers and form relationships. Furthermore, the Metaverse will feature a play-to-earn culture, allowing users to engage in profitable activities such as selling virtual items to other users for cryptocurrency. The architecture of the Metaverse will also make it possible to use persistent ownership of game assets.
