Last Updated on 12 months by Komolafe Bamidele
You may have been hearing the term metaverse all around but you still don’t know about it as that’s the case with a lot of people.
There is quite a lot of rave about the metaverse concept and it has been that way ever since Mark Zuckerberg decided that the metaverse is going to be the future of Facebook.
Everyone wants to know what the metaverse is and everyone wants to get a share in it.
We all know that Facebook was renamed as Meta in October 2021 and this was the first step in giving publicity to the metaverse,
As it sparked interest from various tech companies like Microsoft and NVidia and most companies already have a share in the metaverse concept.
Also, a lot of people have begun spending their time becoming metaverse experts.
Mark Zuckerberg refers to the metaverse as “the next chapter for the internet” and that’s quite the descriptive term if you ask me.
The metaverse has been one of the hottest topics on the internet for quite some time now and it isn’t looking to stop soon, so it’s safe to say Mark was right.
Tables Of Contents
- 1 What Exactly is This Metaverse We’re Talking About:
- 2 What Can The Metaverse Be Used For:
- 3 Pros and Cons of Using the Metaverse:
- 4 Top Three Metaverse Stocks To Invest Now!
- 5 Conclusion:
What Exactly is This Metaverse We’re Talking About:
Now it’s time to take a look at exactly this metaverse.
The metaverse can be simply described as a live internet, a social space where various individuals will be able to meet and carry out activities by using avatars that gives them the feeling of being in the moment.
This is much better than a video call, the metaverse tech makes it feel like real life and you cannot really get that in the type and quality of media we have today.
The metaverse is here to change all that. Also, you can do different activities in the metaverse.
You can go on dates, you can have a job, you can get married, you can do any recreational sports you like, and you can play games also.
This is a phenomenal discovery.
However, to get a glimpse of what the metaverse would look and feel like you should take a look at some of its predecessors?
VR (Virtual Reality): Vs Metaverse
Most people often make the mistake of thinking that the metaverse and virtual reality are the same things.
They’re very different as the metaverse gives you the opportunity of having a presence in a live situation as real as it can be.
This is quite different from what virtual reality gives you.
However, virtual reality is included in a small fraction of the metaverse as metaverse works with various categories and various devices.
Fortnite The Vision Of The Metaverse
Fortnite is often called the early incarnation of the metaverse, and they’re similar in very few categories.
Fortnite is a social space that has various characters and also an in-world experience.
However, the downside of this game is that it is very limited as you cannot take your avatar out of Fortnite anywhere else.
The metaverse is made up of different networks fused as one, each of these networks are owned by companies that are building pathways through which people can move from one destination to another.
Just like the mobile internet isn’t made up of only one website, the metaverse is not made up of one app but a collection of them.
The metaverse needs these collections of apps to succeed and be the great app it’s being created for
What Can The Metaverse Be Used For:
The metaverse can be used for various purposes in our day-to-day life, and you can see that from the works that platforms like Fortnite and Roblox carry out.
While Fortnite and Roblox may be a small segment of what the metaverse entails they are also able to carry out cool,
intriguing user experiences like the NFL’s first Meta store and also the hugely successful virtual concerts that were held during the pandemic.
Anyway, here are a few ways you can make use of the metaverse in your day to day life.
This is the right time for this as the covid-19 pandemic is still a threat to workplaces and is very much a reality.
Most of us decided to work online to prevent the spread of this virus and with the metaverse fully functional, working from home would be no different from working in the office.
Metverse Real Estate and Sales:
This is one of the ways to make money in the metaverse, it’s similar to real estate in the real world and you can make a lot of money from it.
You can literally sell anything on the metaverse from houses, to yachts, to companies and all other profitable enterprises.
Just weeks ago a virtual estate was bought for roughly $2.5m, this is to show you how much money can be made in Meta.
In the case of the metaverse, the only limit to what you can actually do is your mind as the possibilities are endless.
This is a very important aspect of the metaverse as most people make use of alternate realities for gaming purposes.
Metaverse has listed a few games to be at the forefront of its platform in order to drag more devoted people into its concept.
The metaverse is going to be very entertaining in all honesty,
You can socialize with family and friends and all other users online with your avatar and you can also watch your favourite artists and entertainers during their awesome virtual concerts.
Pros and Cons of Using the Metaverse:
The Advantages of the Metaverse:
One of the best things the metaverse gives you is its total accommodation of everyone and it ushers you into a world of endless possibilities,
you can basically do everything you want there. Here are a few pros of the metaverse:
- – The metaverse brings a lot of fun to people.
- – It connects different people from around the world together as one.
- – It literally makes everything you do much more fun and interesting.
- – Metaverse can help you improve your work at home and study experiences.
The Disadvantages of the Metaverse:
The main disadvantage of the metaverse is the distraction in which it would cause.
Children most especially grow addicted to things quite easily.
The metaverse has the following cons:
- – Addiction
- – Loss of time
- – Separation from the real world
Top Three Metaverse Stocks To Invest Now!
There are a lot of metaverse stocks you should invest in but let’s take a look at the best three;
This is the best stock you can invest in that is related to the metaverse.
With all the active users’ Facebook and other Meta platforms get daily you are looking to earn a lot of profits if you invest in this now.
Meta platforms are generating huge revenue and I do not have to tell you that it would be very good for your finances
This platform comes in on the entertainment side of the metaverse as Roblox is destined for success.
They have an average of 50 million active users daily and you can get access to their platform via pc, game consoles, and other mobile devices.
Many brands want to be associated with Roblox and they are looking to invest which is a good sign that you should too.
Investment in huge companies is most likely to be beneficial to you also.
Also, the recent dip in share prices makes it the perfect time for you to get in on the profits now.
Microsoft is also another good and high valued stock that you can buy now in order to get invested in the metaverse.
The Xbox gaming business is growing every day and revenue is increasing beyond measure.
We all know that gaming is also a part of the metaverse and there are quite a lot of users making use of the Xbox gaming system.
You should definitely invest there and yield some juicy profits when the time is right.
Despite just gaining traction a short while ago, the metaverse is on its way to becoming one of the greatest means of interaction between people of the world.
There are no limits to what you can do and achieve in the metaverse and also there is a lot of money to be made, and jobs for a lot of people.
Also, metaverse gets enough money for everyone because its capital is being raised by a network of businesses and other corporations through which you can also buy shares and be a part if you want.
Experts have already analyzed that The Metaverse is the next big thing in the stock market.
I am sure you wouldn’t want to miss all the profits that can be made on this platform and I do not doubt that you would join the meta family.