Google Trends indicates VR will continue its growth trend into 2020 with the potential to reach 2 billion users.
With so much buzz surrounding virtual experiences, it’s important that you understand why the market value of the Metaverse is infinite—and how you can profit from these trends.
The following article will answer all your questions about this exciting new space and why it’s a great investment opportunity for a portfolio.
What is the Metaverse?
The Metaverse is a virtual world much like the one we live in today. The core difference is that it’s entirely virtual. No matter where you are in the world, you can log into a VR headset and enter the Metaverse.
The Metaverse is made up of virtual spaces that are owned and controlled by users. Imagine a VR city where users are the architects and the businesses are owned by customers.
This is what the Metaverse is. Why is this important? Because it has everything to do with control and monetization.
The virtual world is entirely controlled by the users, not corporations or governments. This means that the virtual goods and services that are offered are completely user-created. No outside influence can affect the supply or price of goods and services.
Why is the market value of the Metaverse infinite?
The market value of the Metaverse is infinite because it has the potential to disrupt every industry and become the primary mode of human interaction. The Metaverse has the ability to change the way we work, play, and connect with one another. Its potential uses and implementation are limitless.
The first reason the value of the Metaverse is infinite is because it is a virtual space that is accessible to everyone. The internet is already used by more than 2 billion people, but the majority don’t have the equipment required to enter a virtual world. With virtual reality, anyone can plug their computer into their headset and enter a virtual world.
Furthermore, the Metaverse is not limited to a computer screen or a smartphone app. It can be accessed using VR headsets or even through haptics. Haptics will allow users to feel textures, temperature, and other physical sensations within the virtual space.
The internet is largely limited to a 2D experience, whereas the Metaverse is 3D. This allows users to create a seemingly endless amount of new realities that are completely customizable. The only limit is one’s imagination.
Virtual Economy
The virtual goods and services offered in the Metaverse are 100% virtual. This means that the supply can never decrease. In other words, no one can create more of these goods or services. This means that supply is effectively fixed forever.
The price, however, can be controlled by the users. In fact, the price of these goods and services can vary significantly based on demand. And since the number of users continues to grow, demand will increase and the price of virtual goods and services will rise as well.
Virtual goods and services are limitless in the Metaverse
The number of virtual goods and services offered in the Metaverse are limitless. This is due to the fact that everything is user-created. No outside influence can affect the supply of virtual goods and services.
For example, imagine that there is a blacksmith in the Metaverse that creates an amazing sword. The sword can be copied an infinite number of times. But it can only be created once. If the sword is sold for $1,000, the person who bought it will always have the sword.
There is no way for that person to create an infinite number of swords. The same concept applies to every other virtual good and service in the Metaverse.
Who will benefit from the growth of the Metaverse?
The growth of the Metaverse will benefit everyone because it will increase the ways in which people can learn, play, and communicate with each other. The Metaverse will allow people to do all these things in a completely new way, with endless opportunities for customization.
The first group that will benefit from the growing Metaverse is VR companies. There will be a huge demand for VR hardware and content because the growth of the Metaverse relies on VR technology. VR hardware companies, such as those making VR headsets, will likely see explosive growth in the coming years.
The second group that will benefit from the growth of the Metaverse is developers. There will be an increased demand for all types of developer skillsets, which leaves an opportunity for developers to help build and create new and exciting projects.
Summary
The market value of the Metaverse is infinite because everything in the virtual world is created by the users. There is no limit to the number of users, which means the supply of virtual goods and services is limitless.
As the Metaverse platform grows, the demand will equally increase, which will create a positive feedback loop, causing the value of Metaverse investment to increase.
