What is Metaverse and Why You Should Consider Investing Now

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Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

If you haven’t heard of a metaverse yet, you must be living under a rock because it’s almost the only thing the tech community is talking about right now. The largest companies are looking in this direction, and Facebook has even gone through a full rebranding to show their serious intentions.

So what is a metaverse, and what does it bring to the table? And most importantly, does it have a necessary potential for investments? Let’s find out.

Any metaverse is a virtual space created for various purposes: socialization, work, playing interactive games, etc. Companies working on the metaverse development use different technologies, including mostly 3D, AR and VR, which are believed to be the future of hi-tech. 

And the metaverse itself can easily become our future. According to Grayscale estimations, when brought to life, the metaverse value may exceed USD 1 trillion in annual revenue, and we are sure it won’t stop at this point. Developing a necessary tech stack to run a metaverse will boost the tech industry and transform it into something completely new.

You might think that we are talking about a pretty distant future right now, but it’s much closer than it seems. Just think about it. People already pay thousands of dollars for a piece of digital land in metaverse games such as Decentraland. They buy NFTs at a price of a house and attend virtual events in Fortnite as if it was a school trip to the closest city. So the idea of a metaverse doesn’t seem that unrealistic after all.

And after world-known global companies start looking in the same direction, there must be no doubt left – metaverse is the next black. By “global companies,” we mean