You are currently viewing πŸ”΄ Metaverse is the next big thing and how to get rich from it?  |  by Inzamam Ahmad |  Coinmonks |  Sep 2022

πŸ”΄ Metaverse is the next big thing and how to get rich from it? | by Inzamam Ahmad | Coinmonks | Sep 2022

A few years ago a simple website went live nothing exciting a simple HTML page with some information on it. A couple of years later a video went live. Now we have youtube with a wider range to reach users. You see how fast the internet evolving. In history technology made jumps that created entirely new industries and happening as you are reading this article is called Metaverse.

Ever since Mark Zuckerberg made the announcement about the new name of its company everyone starts painting the picture of the new metaverse. Everyone starts thinking like a matrix movie where Zuck controls everything. It is an easy narrative. But we are not here to criticize the big companies. It’s about you and how you can learn about it and make profits. How you can build the next giant like Google and Facebook?

Have you watched the new Ariana Grande in the metaverse? They really did full a full production concert inside a game. Imagine someone telling me a couple of years ago that in 2021. Something similar happened with Travis Scott that drew more than 45 million views. It’s connecting something with the real world with the virtual world.

Saying what is metaverse now is similar to saying what is internet in the 90s. There is no concept of social media, content creation, sharing platforms, trading platforms, etc. So metaverse is really a mystery for us as well. It is a cross road of

  1. Web 3
  2. AR / VR
  3. Blockchain

Next version of the internet. Web 1 > Static website. Web2 (currently we are using) is mostly community-based content and highly interactive. In web 2 you can only own a single thing domain name that’s it. Everything else is owned by Big corporations. You can own parts of internet that you created or purchased.

Blockchain is A system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.

This seems to be the only thing people are talking about but this is the only part of the metaverse. The hologram is the most exciting technology we have right now. In virtual reality, we mimic reality with technology. Meta (previously called Facebook) already investing a lot of money in this.

Once Blockchain becomes mainstream internet owned by individuals.

You need to become native to this land. In order to see new opportunities. How they are created. You can do that by being educated. If you have no idea how these new things work. You quickly dismiss this as a nightmare.

You are left behind when natural and virtual reality hits you.

The good news is we are in a super early stage. People are just started out. There is a lot of room for growth and a whole new pie to eat from.

You can do freelance, build your own startup, educate people, and much much more. There are endless opportunities. I am not going to teach you here how you can invest in Decentralized lands, nfts, and investing in great Blockchain projects.

A report by the global management consultant said more than $120 billion has been poured into the metaverse just this year β€” nearly 10 times more than the $13 billion invested in 2021. What’s more, the reports predicts that the metaverse could be worth $5 trillion by 2030 β€” as big as the GDP of Japan.

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