The advent and rapid advancement of new-age technologies like AI, VR, and AR have ushered in organisational business digital transformation. Corporates to educational institutes have adopted these extraordinary technological advancements.
New age businesses are advancing towards the 3D universe as well. The virtual 3D world offers engaging and novel experiences in a real-time stimulating environment.
The metaverse technology market is growing at a CAGR of 47.6 per cent and will touch $1,527.55 billion in 2029. (Fortune Business Insights)
The metaverse is not just a technology that will simplify business processes. It is an alternate way of living, sharing, connecting, learning and doing business such as fashion in metaverse or metaverse school. A parallel economy with metaverse investments will sustain all the happenings and new business dynamics.
Metaverse Investment Benefits
Gartner has named the metaverse technology one of the most important in 2022. The spending on its associated technologies- AR and VR- is set to rise from $12 billion in 2020 to $72.8 billion in 2024.
Industry leaders are keenly tracking the trends and are positioning themselves to take advantage of this new dimension. Prominent technology companies like Facebook, Microsoft etc. are all building their metaverse platforms. Edverse is a leading metaverse company offering solutions for the education ecosystem.
Some of the major benefits include
Low Entry Costs- Metaverse technology runs on blockchain and NFTs. Enterprises and individuals can easily invest in transparent transactions with low amounts as $1.
New Start-Ups- The metaverse is still gaining traction. This means that investments will be relatively lower at this time with its scope increasing later.
Diversification: Investors like to own diversified portfolios. The metaverse offers an additional route to diversify traditional investments.
Huge Potential: The metaverse is being hailed as one of the most impactful technologies that will transform lives and businesses. This implies that its growth is imminent. The opportunities are immense and hence is an attractive investment option.
World-known market players. Facebook, Disney, Epic Games, Microsoft and many other companies are building their metaverse platforms right now. And even more companies, such as Nvidia, serve as technology enablers.
How To Invest In The Metaverse?
There are multiple ways to make investments in the metaverse. The absence of geographical boundaries and the use of blockchain technology make it transparent with simplified entry barriers.
This is one of the basic portfolio-building steps for the metaverse. Purchase metaverse tokens or coins and store it in your crypto wallet. Investors can resell if the price goes up. Most metaverse platforms have their native or preferred currencies. This is one of the simplest ways with low entry risks.
NFTs represent ownership of digital items. Many brands are now dealing in NFT projects, and keeping track can equip investors with the necessary information. Investors can also join NFT Marketplaces to understand the trends better.
Metaverse Land and Real Estate is a reigning trend. The market for it is huge, with enterprises and individuals literally wanting a share of land.
Real Estate Prices in the metaverse shot up by 700% in 2021 (Forbes)
– An ardent fan of musician Snoop Dogg purchased metaverse land adjoin Dogg’s property and paid a whopping $450,000 to acquire the land (Forbes)
– Metaverse Real Estate sales will likely reach $1 billion in 2022. (MetaMetrics Solutions)
Investors can sign up on a metaverse real estate platform and link their digital wallets to it. Add the relevant currency, browse listings and purchase if decided. It’s a hassle-free process, but tracking the markets will help make informed decisions.
The Potential Of The Metaverse
The Metaverse will broaden the scope of the internet and seek new applications for it. The new iteration of the internet will offer seamless connectivity between virtual and physical environments. As the related technologies of Augmented Reality, Virtual Reality, Artificial Intelligence, Automation, and Blockchain evolve, the metaverse will offer enhanced compatibility between different worlds. The seamless connection between the internet and real life is a reality waiting to happen. Users can immerse themselves in 3D worlds and partake of novel experiences. Almost every industry sector is keen to gain a foothold to ensure a competitive advantage. Metaverse land deals are increasing daily as more brands establish their presence in the virtual world. The opportunities for business, healthcare and education are immense.
When we talk about the educational metaverse, it can augment the learning outcomes through immersive and unique experiences. It fosters communication, collaboration, creativity and critical thinking, which are all required elements for 21st-century education.
Learning need not be confined by physical boundaries. It will offer a more accessible and decentralised learning platform. The pedagogical benefits are apparent, and the metaverse technology will usher in new approaches to learning and teaching.
Investing in the Metaverse is a new trend but one showing signs of growth. It is always wise to conduct proper research before making any investment decisions. The education metaverse is witnessing a lot of interest along with investments.
– The Metaverse Education market, valued at $4.39 Billion in 2021, is expected to touch $ 32.39 Billion by 2028 (Vantage).
– Gartner estimates that by 2026, any person entering the metaverse will spend a minimum of 60 minutes in it.
The potential to capture the user’s interest in these 60 minutes greatly boost businesses. Edverse is a state-of-the-art educational metaverse offering opportunities for all, from learners to educators to creators and promoters. Educational institutes are making land and related investments in the metaverse.