There are some who are quitting their tasks so that they can play Axie Infinity, which is a play-to-earn metaverse video game, complete time. This metaverse rewards winners with the native currency, AXS. We're going into a world where an individual's full-time task might be handling a store in a metaverse. We'll be able to go to conferences, go to meetings, and capture up with our loved ones here.
This year, the company changed its name to "Meta," short for "metaverse." What do you make from that advancement? A lot of individuals presumed that Facebook moved forward with this rebrand to get away from some of its past indiscretions. However that's not the case. Facebook is among the largest, most dominant companies in history.
What Facebook/Meta is attempting to do is "claim" an entire domain on their own, as if there will only be one metaverse. And the factor is in fact extremely easy A lot of the metaverses I discussed above might draw users far from Facebook's platforms. If we can connect with our pals in a metaverse like Decentraland or The Sandbox, what use would we have for Facebook's social media platforms? The company sees the potential for the metaverse, and it knows it requires to capture up.
And it may shock us to hear, however I do not believe it will work. Facebook intends to develop a metaverse, gather all of the user information, and capture 100% of the revenues and profit. This is an extremely old-school method of thinking. The most successful metaverses will integrate financial incentives and economies into their worlds.
This will be among the biggest investment patterns of the next year. If you're not prepared, go right here to find out about Jeff's full "World IPO Day" earnings strategy. Like what you're checking out? Send your ideas to [e-mail safeguarded].
Basically, once you have an NFT, it's yours and nobody can alter that record on the blockchain except for you. At this moment you're probably imagining those 8-bit or finny monkey avatars that offer for countless dollars. That's how the media represents NFTs, and if you do not know what I'm discussing, you're in for a treat.