Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

Who is robbing the ticket?

Some people say that the fever caused by the Metaverse is receding, but the entrants are still working hard.

Facebook’s parent company Meta, which is fully betting on the Metaverse, rose more than 18% after the market on Wednesday due to higher-than-expected daily activities and profits.

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

It is worth noting that, according to the first-quarter financial report, the closely-watched Metaverse business “Reality Lab” department is still in the stage of burning money, with an operating loss of US$2.96 billion, and the loss has further expanded, but revenue of US$695 million is higher than market expectations. ($677.1 million).

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

At the same time, capital is still spending money silently.

Recently, Epic Games announced that it has completed financing of 2 billion US dollars. The investors are Sony and Kirkbi, the parent company of the Lego Group family holding company. After this round, the latest valuation is expected to reach 31.5 billion US dollars (about 200 billion yuan).

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

Epic Games was founded in 1991, and you may be a little unfamiliar with the name, but the phenomenal game “Fortnite” it launched is really out of the circle.

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

Image source: Internet

In addition, it has also developed the 3D game engine Unreal Engine, which mainly provides other developers with more vivid and efficient game engine technology, and slowly builds its own ecosystem. Unreal Engine 5 is now officially launched and available for download. Open world games developed based on this technology can be regarded as products similar to the Metaverse to a certain extent.

It is worth noting that in April last year, Epic Games completed a round of financing of 1 billion US dollars, and this financing amount has doubled.

In fact, the hot money and attention invested in the Metaverse has never diminished, especially after the entry of domestic and foreign Internet giants, the competition in this field has become more and more inward, not only in games, but also created some new models.

Everything is possible in the Metaverse

Although the Metaverse has not really flourished, it is a sea of ​​stars in the eyes of people, but the world it builds is not purely overhead, but a new form of human digital survival .

This is why it is often referred to as the “next-generation Internet”. With the blessing of technologies such as the Internet of Things, AI, and AR/VR, the Metaverse is indeed expected to become a pillar industry. According to public data, China’s Metaverse market size is expected to reach 52 trillion yuan.

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

The purpose of the Internet giants coming here is very simple. They start to get anxious. After eating the traffic bonus, they worry about their growth. Compared with the windy days of the past, it is not easy to “lie down and make money” now , so they try to cut in. Transform this track.

At present, the application of the Metaverse in games is relatively common. In the ideal form, as a simulation extension of this reality , everyone can build their own world and image through this platform.

Under this hot wind, Roblox, which was launched in a high-profile manner in March last year, as the world’s largest multiplayer online creation sandbox game platform, has received a lot of enthusiasm.

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

Image source: Internet

However, in addition to this, some new models have also attracted the attention of many people, such as NFT fever.

NFT (Non-Fungible Token) is a non-fungible token, which is different from Bitcoin and has the characteristics of indivisible and unique. It is currently called by most people as the “certificate of ownership” of virtual assets in the Metaverse.

Based on this, it can build digital property rights and generate tradable value, which is often widely used in the fields of virtual assets such as digital collections, digital artworks, virtual land, and game equipment.

For example, Beeple’s NFT work “The First 5000 Days” sold for a high price of 69 million US dollars (about 451 million yuan) at Christie’s auction house.

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

 Image source: Internet

The NFT collection consisting of 101 “Boring Ape” avatars was sold for US$21 million, plus a commission of US$24.393 million (equivalent to 157.4 million yuan).

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

 Image source: Internet

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

 Image source: Internet

British graffiti artist Banksy’s painting “Idiot” was once purchased for $95,000, but the buyer then started a live broadcast, set it on fire, and announced that it would be digitally saved through blockchain technology to NFT In the form of sale,the ownership of its electronic version was auctioned , and finally its NFT version was sold for 4 times the original price – 380,000 US dollars (about 2.47 million yuan).

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

Interestingly, the painting mainly satirizes the record-breaking sale of Van Gogh’s “Sunflowers” at auction in 1987, with the phrase ” I can’t believe you idiots would buy this “.

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

 Image source: Internet

These cases seem crazy, but with the blockchain technology digitizing artworks and putting on unique labels, this is also exploring new possibilities for the inheritance of human civilization, but it has indeed made many people take advantage of this outlet Get rich opportunities.

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

In 2021, NFTs will start to explode and generate transactions on a large scale. Public data shows that the transaction volume of the global NFT market in 2021 will be US$17.69 billion, 214 times that of the previous year (and the current total transaction volume of the NFT market has exceeded US$50 billion) ; The sales volume of NFTs reached 27.41 million, 19 times that of 2020; and the average price of a single NFT reached $807, a year-on-year increase of 15 times.

There are risks in “pointing a stone into gold”

After experiencing the so-called “touching stone into gold” ability of the Metaverse, capital swarmed.

According to public data, in 2021, more than 1,500 companies in China will apply for the “Metaverse” trademark, and the number will exceed 10,000 .

As for the NFT mentioned above, many domestic Internet companies have also launched NFT trading platforms. For example, Alibaba launched “Whale Scout” based on Ant Chain, Tencent launched “Magic Core” based on Zhixin Chain, JD.com through Zhizhen Chain launched “Lingxi”.

You must know that although the Metaverse has been blown into the sky, it is still in the initial development stage . Many entrants are either still exploring and testing the water, or they are trying to get a wave of concepts in order to get on the express train. Over time, they finally turned into a sharp sickle .

The appropriate cooling of the Metaverse concept is inevitable. As far as the subdivisions are concerned, although the current VR/AR has begun to take shape, there are still technical bottlenecks that need to be broken through; while the emerging NFT market is still in the early stage of development, more It is speculative speculation. In September 2021, the central bank and other nine ministries and commissions issued the “Notice on Further Preventing and Disposing of Hype Risks in Virtual Currency Transactions”, clarifying that virtual currency cannot be used as currency in the market . Many trading platforms have dropped the word “NFT” and changed their name to “Digital Collection”.

In addition, due to the high valuation and liquidity of NFTs, hackers are eyeing them, and theft incidents occur frequently. Jay Chou’s NFT collections worth 3.2 million yuan were stolen in one fell swoop. INS was hacked and over $2.8 million worth of NFTs were lost. Obviously, with the acceleration of its financialization process, it still has risks that are difficult to solve in terms of security and liquidity.

Meta has soared, capital has smashed another 200 billion giant, and the Metaverse has returned to the C position

Image source: Internet

In the final analysis, the future of the Metaverse is promising, but at the same time it is also full of unknowns. After all, computing power, network and rules are all indispensable, and this long road of exploration is not easy.

Conclusion

An accidental flash of inspiration may be the vane of the next technological revolution. The Metaverse carries people’s expectations, but looking at reality, it can be found that understanding is the first step, and formulating and adapting rules is the second. Obviously, the breakthrough that drives the real development of this field has not yet been found.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/meta-has-soared-capital-has-smashed-another-200-billion-giant-and-the-metaverse-has-returned-to-the-c-position/
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