Investing in the Metaverse
Microsoft has announced plans to build its own metaverse for Teams users. The company is aiming for 2022 when users will be able to visit these virtual spaces. As well as using blockchain technology, a metaverse will also be a combination of software and hardware. In addition to the virtual world, a metaverse could also function as a data center. This is why Metaverse investors should look at investing in this emerging technology. If you are interested in exploring the potential of this virtual world, you can try the following platforms.
Animoca Brands: This company, which launched in 2011, has raised over $810 million in VC funding in the past two years. Its investors include the metaverse VC specialist Liberty City Ventures in New York, Winkelvoss Capital, Soros Fund Management, and Boyu Capital. Its recent $360 million investment puts the company at a valuation of $5 billion. Animoca has a vested interest in the metaverse.
Facebook: A popular example of a corporation wanting control over the Metaverse is Facebook. But many crypto kids believe the future of the Metaverse is a community-owned and built environment. The historical pattern of the internet shows that companies will win, but the use of blockchain technology can change the balance of power. The success of a decentralized autonomous organization depends on the creation of new platforms, commercial partnerships, and gaming preferences. Ultimately, the Metaverse is poised to transform the way we work, play, and socialize.