It’s fun to dream about a metaverse – a virtual world with its own “meta-economy” where you can work, learn, and hang out or play games with friends, all from the comfort of home. But who’s making this happen?
Microsoft (NASDAQ:MSFT) and the Meta Platforms (NASDAQ:FB) formerly known as Facebook – which stand to sell a lot of virtual reality (VR) and augmented reality (AR) glasses – are both charging forward with metaverse projects. Apple (NASDAQ:AAPL) is likely to follow.
Meanwhile, metaverse platforms are already seeing a full-blown land rush. As concert venues and digital storefronts spring up in Decentraland (CCC:MANA-USD) and The Sandbox (CCC:SAND-USD), virtual real estate has sold for six figures, even seven figures, in these early metaverses! At this rate, sales could double again in 2022.
Three years before Big Tech ever spoke of a “metaverse,” the developers of projects like Axie Infinity (CCC:AXS-USD) were laying all the groundwork. They just tend to fly under the radar…for now. But today, they’re making some big moves that investors in the New Digital World won’t want to miss.
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