What is a metbound, and should you invest in it?

2022-07-14 0 By

Facebook made big news in October 2021 when it changed its name to Meta, us media reported.There’s more to the metasurverse than Mark Zuckerberg, but if you’re left wondering about the investment opportunities it offers, you’re not alone.We’ll cover what Metaverse is, why investors are so excited about it, and some opportunities for you to get involved.What is the meta-universe?Metaverse is the term for the new virtual worlds that are emerging as technology advances.It’s a concept that dates back to 1992, when Neal Stephenson published a dystopian book called Avalanche, in which characters wear 3-D headphones to enter an alternate reality.On the surface, this doesn’t seem like anything new; many of us have been playing games like The SIMS and Second Life for decades.But the metasverse is different in that it’s not just a game: it’s going to be a whole new way for us to interact with the Internet (commonly known as Web 3.0).The idea is that people will be able to move seamlessly from one event to another, while keeping the same avatar and in-game items in each event.For example, your virtual self might walk to a casino and participate in a gambling game there, then walk to a mall and buy something.All on the same platform.Moreover, as VIRTUAL reality and ARTIFICIAL intelligence become more sophisticated, the line between reality and fantasy may become increasingly blurred.Developers are working hard to create realistic 3D experiences to mimic how we feel in the real world, and AI can use machine learning to make environments uniquely attractive to individuals psychologically.Meta and blockchain When we talk about meta boundaries today, it is closely related to blockchains and cryptocurrencies.This is mainly due to the possible use of smart contracts and irreplaceable tokens (NFT), which allow people to securely purchase goods and exchange them between different parts of the meta-boundary.For example, you can buy a hat for your avatar and wear it when you gamble and go to the mall.We may also use a cryptocurrency wallet to purchase items in the meta and even verify our identity.Decentraland is one of the most promising metaboundary projects on the blockchain.The team is creating a user-owned virtual game world where users can purchase land as an NFT and build on it in the Decentraland world.How to invest in Meta Meta (FB) does show some promise, as the company is working with Oculus on virtual reality, researching the use of biometric data to influence the virtual world we experience, and working to build the world’s fastest ai supercomputer.However, just because Zuckerberg took the name doesn’t mean that buying his company is the best or only way to expose himself to the metasomes.And you don’t have to start dabbling in encryption.Here are a few other routes you can take.Metaverse content is often accompanied by graphics from a video game with more than 47 million active users: Roblox (RBLX).Although it started as a regular video game, and its biggest audience is young children, Roblox has come to represent everything to do with blockchain.It has its own virtual currency, and users can buy avatars of clothing and accessories, as well as various in-game experiences.In addition to the companies that created the Metaverse platform, companies that create products to keep everything running behind the scenes will also profit from the Metaverse boom, with semiconductor company Nvidia (NVDA) likely to be one of them.It produces fast-processing chips and graphics processing units that will be key to powering virtual worlds.It is also working on 3D technology and artificial intelligence, and plans to launch its own so-called Omniverse to connect different 3D worlds.Another thing to consider in this area is Unity Software (U), which makes Software that helps game designers create 3D worlds.Its software is so easy to use that anyone can use it to build games, even if they don’t have the usual technical background.Ready to use metadata?No one knows for sure what form the meta-universe will eventually take, or which companies will be at its center, but it’s hard to say it will disappear.The trend is clear.But with so much uncertainty, the best option is to observe progress in all directions and remember to look beyond the most obvious stock picks.