Curious about Metaverse : here’s what happening in the space

metaverse

From an investment standpoint: The total market cap of the leading Web 3.0 Metaverse crypto networks ~$27.5 billion – Malik

This week in the Metaverse. If you are curious about the Metaverse, here’s a summary of what happened during the week. Drop it like it’s hot! 🧵
1b. Coincidentally, other business and finance leaders this week also came out with BIG forecasts about the Metaverse: – Cathie Wood, CEO of Ark Invest – Tim Sweeney, CEO If Epic Games Both said this was a multi-trillion dollar opportunity! 💰 💰 💰 💰 💰 💰
1c. To date, much of the focus has been on gaming. However, a whole host of opportunities will drive future revenue including: – advertising – social commerce – digital events – hardware – developer/creator monetization
1d. From an investment standpoint: The total market cap of the leading Web 3.0 Metaverse crypto networks ~$27.5 billion. On the other hand, Facebook/Meta Platform’s market cap alone is ~$900 billion. *The above figures are BEFORE the market corrections this week* ⬇️ ⬇️
2c. There are several explanations being offered for the drop: – concerns about Federal Reserve tapering – famed crypto investor, Louis Navellier, warned that BTC could fall to under $10k – reduced risk appetite (as with sell-off in equity markets) – holiday period profit-taking
Thanks for reading 🙏 🙏 . If you enjoyed this Metaverse update, please retweet the first tweet. I’m digging into all things Metaverse, so to learn more, please follow me @Maliki888. Let’s connect and share ideas about this fascinating topic. 🤝 DMs are open. 🧡