{"id":51469,"date":"2022-01-27T10:19:47","date_gmt":"2022-01-27T02:19:47","guid":{"rendered":"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/?p=51469"},"modified":"2024-02-05T16:50:46","modified_gmt":"2024-02-05T08:50:46","slug":"investing-in-metaverse","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/investing-in-metaverse","title":{"rendered":"What Is The Metaverse, And Should You Invest In It?"},"content":{"rendered":"

Last October, Mark Zuckerberg announced that the <\/span>parent company of Facebook will change its name to Meta<\/span><\/a>. Along with this announcement, Mark Zuckerberg also announced that from now on, Meta\u2019s number one priority is to grow the metaverse, which he believes will be the future of the internet.<\/span><\/p>\n

\u201c\u201cI think we\u2019re basically moving from being Facebook first as a company to being metaverse first,\u201d said Mark Zuckerberg in an <\/span>interview with The Verge<\/span><\/a>.<\/span><\/p>\n

But with all the crazy news coming out about the metaverse such as <\/span>fashion companies pushing for digital clothes<\/span><\/a>, or that you can <\/span>buy virtual properties and real estate<\/span><\/a>, it kind of begs the question, what exactly is the metaverse?<\/span><\/p>\n

<\/span>What is the metaverse?<\/b><\/span><\/h2>\n

Unfortunately, there is no one easy way to answer this question, as the metaverse is a very vague and complex term. As defined by Eric Ravenscraft of <\/span>WIRED<\/span><\/a>, the metaverse is not a piece of new technology, \u201cbut rather a broad shift in how we interact with technology.\u201d<\/span><\/p>\n

The easiest way to picture the metaverse is to imagine it as a virtual world that can be accessed using various technologies, such as virtual reality, augmented reality, video game consoles, computers, and even smartphones.<\/span><\/p>\n

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Mark Zuckerberg showing off his avatar form in the metaverse. Source : Youtube screenshot<\/p><\/div>\n

In its most idealistic form, the metaverse is a social media platform that can be lived in and connects people from around the world. Will this come to pass? No one knows yet.<\/span><\/p>\n

But the most important thing to know with the metaverse, is that due to the fact that it is a virtual world, this calls for the need of a virtual economy. A working economy, where you can buy and sell products, and maybe even offer services.<\/span><\/p>\n

Which also means an economy that you can invest in.<\/span><\/p>\n

<\/span>Should you invest in the metaverse?<\/b><\/span><\/h2>\n

So now we know that the metaverse, in theory, is a multi platform virtual world with a working economy, this opens up a very important opportunity; to invest and grow your investments in this virtual world.<\/span><\/p>\n

In investing circles, investing in the metaverse is now the in thing, the buzzworthy investment that everyone is talking about.<\/span><\/p>\n

But investing in a concept with no solid applications yet might sound a little bit scary, which explains people\u2019s apprehension about investing in the metaverse.<\/span><\/p>\n

However, according to <\/span>experts<\/span><\/a>, you definitely should invest in the metaverse. Here\u2019s why;<\/span><\/b><\/p>\n