MORE BIG BRANDS TO ONBOARD METAVERSE WOULD THIS BE BENEFICIAL TO IT’S GROWTH?

An interesting fact that the word “Meta verse” has been existence for long time but in fiction movies, such as Ready player one and the novel snow Crash. Meta verse is regarded as a digitalized world, this decade was opportune to see so many Tech inclined products releases. One of these releases is the advant of cryptocurrency and there after we saw the release of Metaverse.

Metaverse became a buzz word last year, the most searched according to google statistics. Tech giant who championed the development of the a digitalized world from the likes of Microsoft, Meta and Google. We also witnessed the release of the Non fungible tokens NFT’s which created opportunities for both creatives and developers.

DIGITAL SPACE AMIDST COVID-19

The digital space evolved thanks to the lock down implemented by governments admit the Covid-19 era. This provide us seeking for quality interactions, since we were unable to go outside to meet up with friends, relatives or coworkers physically we choose technology, with increasing interest in virtual meetings. Which it’s experiences are in real time, and technology played a role in seen this been achieved.
Goldman Sachs in an episode of “Understanding the metaverse and Web 3.0” which he responded to the question that was asked in which I quote;

“ We think this could be as much as an $8 trillion opportunity on the revenue and monetization side.”

Well I think this can be achieved with services which is continually increasing on Metaverse, this is definitely possible. Well for a world which is dominated by Avatars, these services coming to the digitalized world such as entertainment, fashion stores, plazas and financial institutions to name a few is definitely going to give these avatars and it’s users a better experience. To actually customize their avatars as to their real life.

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GLOBAL BRANDS MEETS METAVERSE

Since the success of the digitalized concerts held in the digitalized world from great acts likes of the cactus Jack corona Travis Scott and Ariana Grande, which 78million and 12.3 million was in attendance, tho the revenue generated from attendance only was not made known to the general public. We live in capitalism economy so these global brands are taking great advantage of this achievement. As regards fashion and accessories wear, the likes of Adidas, Nike, Dolce and Gabana (D&G) has taken turns in coming into the digitalized world with collaborations with third party creators in either creating NFT’s or Avatars for the digitalized world.
Prolific writers here on the Leofinance blog, has written amazing articles concerning these achievements of these brands.

Let’s take a recap back to the when NFT’s became a global trend, something everybody want's to own because of the attraction it gained from the celebrities from both spheres of entertainment. The likes of hip hop stars like Lilbaby, Lil durk, Dj Khalid, steph curry and most recently Elon musk purchasing he’s won bored ape NFT. This also has increased the market capitalization of Ethereum which is the second Largest market cap after Bitcoin. The same scenario is likely to play when we take about Metaverse.

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