This week, Talking Biz News Deputy Editor Erica Thompson reached out to Qwoted’s community of experts to inquire about Facebook’s metaverse and whether it could be a potentially major new investment opportunity.
Check out some of the top commentary:
Clem Chambers, Chief Executive Officer at ADVFN and Online Blockchain plc
For those interested in news, the metaverse is popping up like a weed in the crypto space, an investment arena that has added $2tr of value in the last year or so. It is one of the next big things so in effect it is already synonymous with ‘huge investment opportunity.’
For those interested in ideas – the underlying drivers of progress – the Metaverse has been the next big thing for nearly a generation. Since Tron, The Lawnmower Man, The Matrix and Ready Player One, the metaverse has been prequelled as a revolutionary technology due to change the world forever. Taking the mind into new realities where value can be virtual unlocks whole horizons of monetisation. In a world where the computer games industry is bigger than Hollywood, the metaverse takes even that once genre of computing to the next level.
Revolutions are always huge investment opportunities and here is a new revolution.
Meta Platforms Inc. (NASDAQ: FB) has always been good at successfully entering new business areas. The change of the company name from Facebook to Meta Platforms expresses very clearly that this is not just a project idea but rather the actual vision of the company – creating a Meta Verse and making money as an industry leader.
In addition to the potential that the new strategy brings, Meta Platforms is already doing very well. A market cap of nearly 1B, +24.79% gain YTD, a P/E-ratio of 24.37, and an earnings beat in Q3/2021 make it clear that the company makes the right decisions.
Investing into the metaverse and its infrastructure now will pay off handsomely in the long run. Why, because it is still very early. Market research shows that leading industries are migrating into this space now, in preparation for what is to come. Think back to the internet, which was developed in the ’60s, made public in the ’80s, and mainstream traction began in the 90s. Today, the internet encompasses everything we do and rely on. The origin behind the metaverse was conceived in 1992, and as of just a couple of years ago, the foundation has only recently begun to be laid. The metaverse will be the sole way of the future for corporate meetings, shopping, gaming, social engagements/events, training, advertising, and so on.
Daniel Logvin, Blockchain, AI, and Cybersecurity Specialist.
Let us keep in mind that Meta is not the only “tech-giant” in this race since Microsoft is also working on its metaverse project. So, we can expect a change, and this might indeed be the next step for humanity by revolutionizing the way we connect.
If Meta successfully launches the platform, we could be getting rid of our smartphones sooner than we think. Investing in Meta seems like a good idea because of the number of people that would migrate to their new project. Meta currently counts 2.89 billion monthly active users on Facebook, and we can expect the majority of them to buy their new glasses to enjoy a whole different experience.
As we know, Meta is not the only platform users would expect to use if they buy their glasses, meaning that companies would as well invest in the development of projects for the metaverse, making it expand its territory. The more services we get there, the more useful this technology will be, and the more useful it is, the more demand it will get. This project carries a lot of potential since it creates a new global hub for technologies.
Check out the original blog on TalkingBizNews.