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The Future of the Metaverse
Entrepreneurs will drive the future of the Metaverse. They will be the ones to create content, provide services, and do things that people need to thrive in the metaworld. To ensure that their services are as valuable as possible, entrepreneurs must find efficient ways to monetize them. One possible solution is to issue non-fungible tokens that can be used as ownership in hour sessions. This approach could work for online cinemas issuing tokens to allow viewers to view movies for a certain period of time. Another option is to issue tokens to pay for events, or even to visit another planet.
Many companies are interested in the potential of the metaverse. Microsoft, NVIDIA, and Epic Games have all announced plans to invest in the technology. VISA purchased the first NFT for $150,000, and popular brands like Gucci have gotten in on the action as well. Gucci has teamed up with the game-creation system Roblox to create digital accessories for gamers that they can use to play virtual worlds. Coca-Cola has also sold digital tokens as stepping stones to the metaverse.
Microsoft has also announced plans to create a metaverse of its own, with a goal of making it available by 2022. This will be a combination of software and hardware, data centers, and blockchain technology. Microsoft has made a huge investment in the metaverse, and it is a step in the right direction. If it works, it could be a breakthrough in virtual reality gaming. For now, VR gaming is available in separate applications, but Microsoft hopes that metaverse will help users communicate better with their colleagues.