New opportunities brought by the Metaverse

In 2022, the Metaverse will create new jobs, and developers of NFT transactions for big companies and even gamers will benefit. Venture capitalists will continue to bet that the combination of gaming and the metauniverse will allow some chip companies to play a major role in supporting the new demands for computing power infrastructure in large numbers.Some analysts predict that by 2022, some Metaverse-related projects will decline and mergers and acquisitions will proliferate.

All major industries flock to the Metaverse

In 2021, big companies enter the Metaverse. Budweiser makes beverages, Nike and Adidas make sporting goods, and many startups have sprung up, including an NFT music platform.

In addition to the usual music and art industries, companies in other industries are also looking to experiment with the use of blockchain technology to sell digital assets in the metauniverse. For example, the luxury fashion brand Balenciaga has partnered with Fortnite to provide users with designer skins for game characters. Gucci, Louis Vuitton and Ralph Lauren also released roblox-related products.

Analysts believe that the company is currently entering the Metaverse more to develop the market than to make a profit.

Avery Akkineni, president of vaynernft, a large consulting firm, says a “business Metaverse strategy” is emerging. However, the focus of these companies is not to win, but to build community and gain a solid foundation. Their entry creates more buzz than profits, but they provide rationale for a field that is still in its infancy

Cathy Hackl, chief executive of research firm future intelligence group, noted that more direct marketing strategies could emerge, especially for luxury brands. The Metaverse market can be an entry point into the secondary market.

New opportunities brought by the Metaverse

(Cooperation between Balenciaga and Fortnite)

The real world brings more investment and jobs

Venture capitalist Vance Spencer is optimistic about the combination of gaming and the Metaverse, arguing that the reason behind it is simple. Gaming is the vast majority of the entertainment industry, with nearly 3 billion regulars. Sky Mavis, developer of axial infinity, is the first company to monetize games and NFTs. Mavsky also raised $152 million in October from venture capital firm Andreessen Horowitz and investor Mark Cuban. These companies can increase, and investors are increasingly aware of the potential of crypto and gaming combined.

New opportunities brought by the Metaverse

Metauniverse will be one of the largest infrastructure projects in the world. The bigger a company’s plans in the digital world, the more computing power it needs. By the end of 2021, Intel estimates that the design of the Web3 Metaverse will require a 1,000-fold increase in current computing power.

Brian Trunzo, head of metauniverse at Polygon Studio, which develops games, NFTs and Web3, said that “on a single server or node across all virtual worlds, the number of online users will continue to increase”. As physical devices advance, isochronous transport channels will become more and more reliable. This is an inevitable part of technological maturity.Whatever the Metaverse will turn out to be, it will keep the semiconductor industry pillars like Intel and Nvidia stable.

There will be new job opportunities as businesses seek a foothold in the digital world.

In addition to the growing need for reliable developers and discipline managers, the development of the Metaverse has spawned a new way of working called “play to win”. Axis of blockchain games is very popular in the Philippines. The game now has more than 1.8 million daily active users. Some people make $10 a day with this game, and some even make $1000-2000 a month.

“It’s kind of like an experience of giving people a basic income from esports,” said Vance Spencer, a daring venture investor and co-founder of framework ventures.

(axie infinity, known as “The King of Chain Travel”)

New opportunities brought by the Metaverse

M+a trend may be coming

In 2021, NFTs and digital asset-based blockchains will flourish. However, some expect the industry to enter a new phase of development where searches for some projects may cool and there will be a wave of mergers and acquisitions.

Avery Akkineni, president of vaynernft, said that NFTs and digital asset-based blockchains are a hot area, but by the end of 2022, we can see a decrease in related projects. She also noted that the biggest obstacles to the digital world in 2022 are scalability and security, where scalability refers to computing power and interoperability between decentralized Metaverses.

“Project teams may not be reduced by 90% this year, but this will be the beginning of the end of the industry’s embryonic phase,” said venture investor Spencer. Not every blockchain project has a team to push it into the mainstream. Spencer is looking forward to a mature transformation and healthy industry consolidation, which could be seen in traditional brand strategies.

Hackl, chief executive of the future intelligence group, a research firm, said it was too early to consider similar deals for Fortune 50 or 500 brands.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/new-opportunities-brought-by-the-metaverse/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2022-05-11 23:42
Next 2022-05-11 23:44

Related articles