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!
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.
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