Crypto? Na. Metaverse? Yeh!

Have you heard... about the metaverse?

Here is an article from 2020.
The Metaverse Is Coming And It’s A Very Big Deal

People believe that NFT's are a 'bubble'. Tulip mania. I agree to an extent. How can someone pay 10+ million for a jpeg? YIKES.
But what if I told you gamers already spend 60+ billion a year on in-game transactions? Mind blown?
This isn't including console costs, game costs, and other hardware costs.

In the metaverse you OWN the item. You OWN the NFT. Items can* get destroyed in battle. These items are limited. Big things are coming. Did anyone play RuneScape? Remember buying gold from a dealer? Ever spent a dollar on candy-crush?

Star Atlas. Preview:



It could be the next mind-boggling thing that the world sees. Heck it could even be the next deflationary bust coming for the real economy.

This is going to be something very special.

Subscribe to read | Financial Times

 

Problem is gamers follow fads and game companies need new fads.
There was a time when 2nd Life in game assets were gonna take over the world too.

 

counter-argument is 99.8% of gamers are PAY to play.
what happens when 100% of gamers are paid to play?

I can tell you now. I play video games & nothing would be better to me (even if the game = trash)

the rise of clans, YouTube content, discord, twitch, etc.. it isn't just a movement, its a revolution.
NFT's are a bubble yes, but in bubbles you can make incredible amounts of life changing money.IE:
Everydays: The First 5000 Days: $69.3 Million
"Beeple, Everydays – The First 5000 Days NFT, 21,069 pixels x 21,069 pixels (316,939,910 bytes). Image courtesy the artist and Christie's. Beeple's Everydays – The First 5,000 Days obliterated records and expectations when it sold at Christie's for a hallucinatory $69.3 million on March 11."

from vaccine passports, to digital licenses, NFT's have some merit.

Big companies will soon see the benefits of in-game play advertising as opposed to sporting events, sponsored events etc.
Its going to be huge.

Don't take my advice though it took me 15 years to retire. Started my journey at 13!

 

Solana is up around 40% since my OP

can someone tell me on what planet I can make 40% gains in under 30 hours? Cheers

 

Did I miss where you said to buy Solana or ? and is it a crypto currency or something else?

What's the best way to invest in the Metaverse (in your opinion)?
I know there's an ETF on the NYSE but do you think it would be better to try to directly invest in specific companies?

Sorry for all the questions, I'm new to it and keen to learn more!

 

No worries. Happy to help.

- This specific game is built on the Solana blockchain.
- The tokens in-game (polis & atlas) are located on the FTX exchange.

You can buy Solana (or USDT/C) on binance, transfer it FTX and convert into Polis and Atlas.

If you are interested in buying the NFT items for use in game you'll have to be online at 1am EDST tomorrow morning with a phantom wallet, some Solana and some USDC (stable coin) located in the wallet.
You'll have to connect the phantom wallet to: Star Atlas

https://twitter.com/staratlas/status/1435121951282958336?s=20



I dare say the big tech/chip man. are going to be making some serious coin$ over the coming decade.

 

At any casino you walk into.....so long as you get lucky. No different to buying Solana yesterday.

Having said that, I do agree that gaming has a huge growth potential. I remember reading an article back in about 2015 predicting it would become just as mainstream and generate just as much money as many of today's big sports by 2025. I could definitely see that happening, or at least happening some time in the next decade from now anyway. So I'm not negative on the concept of making money through that industry.

I'll still invest in the industry through good old vanilla cap-weighted index ETFs. Gambling isn't my thing.

 

2021.
2.2 BN gamers, up 14% YOY. 99.8% pay to play

2023----2026+ My predictions
3 BN+ gamers.. 50% PAID TO PLAY

let that sink in. just think about it for 5 minutes.

If you want a risk off approach I'd be hitting up AMD

 

Individual stock selections greatly reduce the likelihood of me reaping the benefits of positive skew. Positive skew accounts for the overwhelming majority of gains in the market. Sure, if I get lucky, punting on peoples predictions, I'm golden. If not, well, not so much.

To each their own. My risk off approach is to stack the odds as much in my favour and that means, for my personal situation anyway, sticking to vanilla cap weighted index funds.

 

China has basically banned kids from playing games for more than three hours a week no?

Might have just killed off the next generation of gamers with that autocratic decree…

 

Game coins remind me of tron - badly burnt in 2017/8

 

Didn't china only obtain access to the playstation/xbox in 2014/5?
I'd be more worried about India. Play to earn games could/will be massive in India.

100% hype. Failure to deliver. Failure to create any positive press.

Vanilla cap, blue chips don't carry no risk. We are at the near end of a 50/80/250 year cycle.

 

You mean like your suggestion of an off risk approach in buying AMD doesn't carry any risk?

As for cycles....the World Indices round up thread gives plenty of evidence of being able to draw pretty lines on maps to show where all these cycles apparently started and ended but those lines are always after the fact. Colour me cynical but I'm not convinced there are predictable cycles we can use to avoid risk and I've certainly never met or heard of anyone who had a greater than 50% accuracy rate in predicting such cycles ahead of time.

 

off-risk approach when comparing to buying things like Solana, yes.

History is a good indicator generally but the trend is = friend. Not saying I can time the market but the truth be told it is 'over the top' right now.

I did however just spend $147k on NFT's & Solana.

 

Well all things are comparable.

I'd argue vanilla cap weighted index ETFs are much less risky than picking individual stocks even if picking any one particular stock is less risking than picking any other one particular stock. At least for me.

The truth is entirely dependent upon one's point of view, timeframe, risk tolerance, objectives, and the list goes on.

I've no doubt at all that a compelling and rational case can be made for why the market is "over the top right now". I'm equally convinced an equally compelling and rational case can be made for why it isn't. All depends on the viewpoint one wishes to take.

 

Solana testing new ATH

 

@MTR

Next big thing

Solana @250 now. Facebook rebranding as "meta". Companies creating 'offices' in the metaverse.

 

Facebook have announced that they're investing $10 billion next year into developing the metaverse, and that's likely to continue for the next decade, and are looking to hire 10,000 developers to work on it.

Apart from Microsoft, who look to be soft launching their take on VR and AR environments through Teams, none of the other tech giants have announced anything. I suspect that they're all working on it. You could probably add Epic Games / Fortnite and Roblox as potential metaverses.

I'm not convinced that a start-up is going to be able to compete. Facebook dominates the social networking space because it can either buy up any nascent rivals, or copy their best features and out-invest them. That might become harder if governments begin to take anti-competition legislation more seriously.

That said, it's entirely possible that Solana is like buying Amazon shares in 1999. Even if there's a bubble that blows off, you'll do well in the long run. Then again, you could be doing the equivalent of buying Pets.com...

 

I own a tiny slice of a company behind some of these metaverse type projects. I bought a few shares when they were on the ASX a few years ago. They got delisted from the ASX for being involved with crypto & now trade on secondary markets.

I thought rather than just buy the tokens why not invest in the companies that literally create them! Just a thought for an alternative to buying tokens.

In saying that, I’d be way better off if I just bought the tokens instead!!

@Graeme I think Facebook might be a long term threat for metaverse companies but a short to medium term opportunity - this space is getting a lot of hype!

 

Anyone interested in virtual land? I have no idea how any of this works...
People are paying real money for virtual real estate in the metaverse | Financial Post