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Blockchain Will Power the $800 Billion Metaverse Boom

Blockchain Will Power the $800 Billion Metaverse Boom

I first played Halo back in 2001. I remember thinking the game was going to disrupt the industry.

It let you select a map, pick a basic goal and even customize your characters.

Other games at the time simply let you choose an avatar and go on a preset adventure. So, this was big!

• Nvidia already has 50,000 users in its metaverse for engineers.

I wasn’t the only one who found Halo impressive. A ton of titles have improved on that concept in the years since.

Little did I know that this was the beginning of “the metaverse.”

This new tech is going to be HUGE. Experts say its market cap could reach $800 billion!

The Rise of Open World Games

Before the metaverse, there were “open worlds.” These allow players to roam through the massive environments within them.

The most exciting worlds let players build their own experiences.

Two examples are Roblox and Fortnite.

There’s a growing appetite for these types of games.

Roblox has 150 million monthly active users. That’s up 329% from 2017.

And Fortnite has 350 million. It’s up 1,650% in the same time frame.

The Gateway to the Metaverse

Video games are the foothold to the metaverse, a term taken from sci-fi.

The metaverse is a virtual world you can live, work and play in.

Many video game players want to be in total control. That’s why 18.7% of the top PC games have open world elements.

And the best way to give players control is blockchain technology.

It’s perfect for decentralized groups. So, why not apply it to video games?

Just imagine a world where everything is in your hands.

You can shape your world. Construct the objectives you want. Design your own avatars.

You can even sell your creations as non-fungible tokens, or NFTs.

These worlds are already in existence, with several more in the works.

The Metaverse Opportunity Is Real

Now, let’s ditch the quaint computer screen and say that you use a virtual reality (VR) headset.

With VR, the metaverse is for much more than just gaming.

Check it out:

  • Facebook is spending at least $5 billion a year on metaverse tech.
  • Nvidia already has 50,000 users in its metaverse for engineers.
  • And Roblox is building a metaverse. It went public last March to the tune of $41.9 billion.

As you can see, the metaverse opportunity is real, it’s huge and it’s here to stay.

The metaverse will be a crucial theme over the next few years. Follow Winning Investor Daily for the best ways to invest in this world-changing tech.

And for more details on blockchain tech, check out Ian King’s “Crypto’s Third Wave” webinar.

Click here for more info.

Regards,

Andrew Prince

Research Analyst, Strategic Fortunes

 

Morning Movers


From open till noon Eastern time.

 

 

ForgeRock Inc. (NYSE: FORG) operates a digital identity platform to secure, manage and govern the identities of users and devices. Although there is no specific news on the company, the stock is up 13% this morning, recovering from a slight drop Tuesday.

 

Sweetgreen Inc. (NYSE: SG) operates fast-casual restaurants serving healthy foods prepared from seasonal and organic ingredients. It went public a month ago when the market wasn’t kind to IPOs, but the stock finally seems to be doing well with an 11% rise today, and a general uptrend this week.

 

Deutsche Lufthansa AG (OTC: DLAKF), the international airline operator, is up 10% this morning. The stock is continuing its rebound along with several other European stocks that slumped at the start of the week on concerns about the omicron variant and stricter lockdowns in parts of Europe.

 

Arqit Quantum Inc. (Nasdaq: ARQQ) is a quantum encryption technology company. It has been volatile since its IPO a few months back and is up 10% today on more of that volatility and no significant news.

 

Xinyi Glass Holdings Ltd. (OTC: XYIGF) produces and sells automobile, construction and other glass products for commercial and industrial applications. It is up 9% today after announcing that it expects net profits for the year to increase by 70% to 85% from the year before due to the significant increase in selling prices and sales volumes.

 

Lilium N.V. (Nasdaq: LILM) is a transportation company that researches and develops electric Vertical Takeoff and Landing (eVTOL) aircrafts. It is up 8% on the general excitement in the eVTOL space with Tuesday’s announcement of a new eVTOL company by Embraer S.A. set to go public via a SPAC deal.

 

Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) develops small-molecule drugs that address central nervous system disorders. It is resubmitting a treatment for dementia-related psychosis for approval with new data after the FDA rejected the initial submission. Investors have mixed sentiments about this move, with a 20% drop Tuesday and an 8% rise today.

 

Wallbox N.V. (NYSE: WBX) creates electric vehicle charging and energy management systems. It is up 8% this morning, but there is no significant news driving the move.

 

Cvent Holding Corp. (Nasdaq: CVT) offers event-management software solutions for meeting and events worldwide. It is up 7% on the news of its partnership with ID.me, a digital identity network, to bring testing and vaccine status verifications to hybrid and in-person events in the U.S.

 

Cytokinetics Inc. (Nasdaq: CYTK) discovers and develops muscle activators and inhibitors as potential treatments for debilitating diseases. It is up 7% after analysts at Oppenheimer initiated coverage on the stock with buy rating.

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