Metaverse creates huge opportunities for businesses.
The coming of age of the Metaverse creates huge opportunities for businesses.
“This Metaverse is going to be far more pervasive and powerful than anything else. If one central company gains control of this, they will become more powerful than any government and be a god on Earth.
Tim Sweeney, CEO, Epic Games”
Already there are signs of a massive opportunity unfolding. Look at the artist called “Beeple” (Mike Winkelmann for friends) who started selling unique digital art pieces online. All you buy is an image with a proof of ownership blockchain token (non fungible token). During 3 days in December, Beeple sold US$ 3.5 million worth of digital art work. Recently, the buying frenzy topped when the owner of his own art work Metaverse bought Beeple’s ultimate US$ 69 million art work.
Beeple was in no way the first to dip into the nexus of art, digital and blockchain of course. Already in 2017 a company called Axiom Zen released digital trading cards portraying cute little cats.
These CryptoKitties breed with each other so you can combine two of them to create new kitties. Cute but useless you say? Perhaps, but $30 million market transactions tell you they did something right.
Many big businesses are getting involved in the Metaverse space. Microsoft already bought Minecraft developer Mojang in 2014 for US$ 2.5 billion. Gaming universe builder Roblox is now worth US$ 30 billion. Trillions more dollars are being created as we speak and businesses can no longer afford to not be in the know or even part of it.