When In Doubt Zoom Out

In this video, Ben reflects on the power of having a long-term mindset and being patient with the markets. When in doubt zoom out!

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Big Companies and the Metaverse

Crypto enthusiasts are wary of centralized actors claiming the metaverse as their own. However, Citi GPS predicts that the number of users of the metaverse will reach 5 billion by 2030. The downsides of the metaverse, including high volatility and a lack of regulatory oversight, are not insignificant. However, big companies have certain advantages when investing in metaverses. These firms have the budget, trust, and data privacy in place to ensure a level playing field for their users.

Crypto-asset protocols have laid the groundwork for Metaverse infrastructure. Incentives to participate are key for a community-built Metaverse. Social media giants like Facebook already have a presence in the virtual world – their posts reveal personal information. However, a global platform like Facebook can muscle in on the Metaverse with network effects. That is why implementation of play-to-earn will be critical for its success. Moreover, blockchain technology encourages individual users to create their own ecosystem.

While early virtual reality platforms like Minecraft and The Sandbox focused on games and virtual reality, Microsoft is now building its own metaverse, which is expected to make its debut as early as 2022. Metaverses can be a hybrid of hardware and software, data centers, and blockchain technology. In the future, virtual worlds will become a $800 billion market. If Microsoft succeeds in their plans, the metaverses could become a lucrative business for businesses and consumers alike.

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