The metaverse, a proposed network of immersive online worlds where users can interact with each other and purchase goods and services, has been gaining significant attention since Mark Zuckerberg’s announcement of Facebook’s rebranding to Meta Platforms. However, despite the hype, many promises have not been fulfilled. This report aims to provide readers with valuable tools to invest in this promising technology while educating them on what the metaverse is and what it is not.
Welcome to the metaverse! We started out with this famous quote from Alice in Wonderland because the metaverse beckons us with a similar vibe. A place where everything, including the impossible and definitely the improbable, can exist.
After many products and iterations in the general direction of virtual reality (VR) from Morton Heilig’s Sensorama to Meta’s Quest 2 the metaverse was finally in every newspaper after Mark Zuckerberg rebranded the Facebook holding company to Meta Platforms on Oct. 28, 2021.
In the wake of this phenomenal announcement, the token prices of nearly every metaverse crypto token pumped to the moon, as the saying goes. Yet today, it seems that many of the promises have not been fulfilled.
Our report wants to give you, dear reader, valuable tools to find the best projects, the best tokens, the best funds and the best stocks to consider if you want to invest in this promising technology. We also want to educate you on what the metaverse is, and what it isn’t, so you can steer clear of hype machines and snake oil salesmen.
So, what is a metaverse? Is it always tied to blockchains and crypto tokens? Or is it something bigger? Let’s look at some definitions:
- A proposed network of immersive online worlds experienced typically through virtual reality or augmented reality, in which users would interact with each other and purchase goods and services, some of which would exist only in the online world. (Britannica)
- The internet considered as an imaginary area without limits where you can meet people in virtual reality. (Britannica)
- A virtual-reality space in which users can interact with a computer-generated environment and other users. (Oxford Languages)
- A shared virtual space. (Wikipedia)
- Mentally replace the phrase “the metaverse” in a sentence with “cyberspace.” Ninety percent of the time, the meaning won’t substantially change. (Wired)
- The metaverse is the next evolution in social connection and the successor to the mobile internet. (Meta Platforms)
What all of these definitions have in common is that they do not reference blockchain technology. All definitions contain a technology that let’s users connect, and many talk about “space.”
We would like to use the Oxford Languages definition for this report because it contains clues to what users can do in the metaverse. So, in one sentence, the metaverse is:
A virtual-reality space in which users can interact with a computer-generated environment and other users.
The metaverse is a virtual-reality space where users can interact with a computer-generated environment and other users. Despite not always being tied to blockchain technology, the metaverse has gained significant attention in recent times, and investors are looking for opportunities in this promising technology. This report aims to help investors find the best projects, tokens, funds and stocks while also steering clear of hype machines and snake oil salesmen.
