The Metaverse Is Coming Whether You Like It Or Not
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Let’s look far into the future and pretend it’s 2023…
You know… next year…
We’ll all be putting on our virtual reality headsets, so we can take digital medicine in the metaverse, on decentralized artificial intelligence technology platforms powered by quantum computing, while we trade cryptocurrencies and acquire of NFTs, with the latest cyberpunk track titled “Web3” blasting in the background.
Does that sound right to you? Can you imagine doing all of this next year?
Of course you can’t. It all seems absurd. And, really, it is absurd.
Why would someone spend their day with a virtual reality headset wandering around an imaginary digital world?
But whether you like it or not, this is the direction our world is heading. This is how we will soon work, interact and live our lives.
Not necessarily because we want to. Instead, there will be no other options.
If you are reading this right now, you are accessing Venture Capital Summary with some kind of digital device. Whether it’s an iPhone, PC, or tablet, your device needs periodic updates.
These updates keep your device running smoothly. If you don’t update your device, it will start to run slower, be more vulnerable to viruses, and eventually lose the ability to run simple programs.
Sooner or later, if you don’t update your device, it will become unusable.
Think of the metaverse this way. In the years to come, there will be services and products that you can only access in the metaverse. Sure, you can search for alternatives in the real world… but after a while, you’ll find it almost impossible to access them.
Starting very soon, you will have to start making updates in your life.
Think of it this way…
Update our lives
It’s similar to the newness of the Internet in the 90s…
Initially, everyone thought email was just for nerds to send jokes to each other. But in the early 2000s, email became essential for doing business.
Today, there are many companies that you can only contact by email. Living without email in 2022 essentially cuts you off from much of the world.
Over the past two decades, people have had to make small, consistent “updates” to their personal operating systems. First with email implementation, then with social media accounts and then will participate in the metaverse…
It’s not really a necessity yet because most services and products in the metaverse are new.
If the Metaverse was a big wedding dinner with lots of guests… right now we’d just be sitting around, looking across the table at people we don’t know, trying to make awkward small talk.
But don’t worry… soon food will be served, drinks will be poured, and everyone – including old Aunt Mary – will be having a blast on the dance floor.
Realistically, it will probably take years for the Metaverse to really take hold. But at the rate big companies are spending money to make it happen, you might want to take the underside of that bet.
Take a look at what’s happened with the Metaverse since we last talked about it. To say there have been major developments would be an understatement…
Claim of Big Name Stakes in the Metaverse
Microsoft (NASDAQ:MSFT) announced its biggest acquisition never earlier this week. They are about to acquire the video game giant ActivisionBlizzard (NASDAQ:ATVI) for a staggering $68.7 billion… all in cash.
According to Bloomberg:
“The transaction, if it can gain regulatory approval, will create the world’s third-largest games company, catapulting Microsoft just behind China’s Tencent Holdings Ltd., publisher of League of Legends, and games console rival Sony. Corp., maker of the Playstation.
“Microsoft believes Activision’s portfolio of games (which includes names like Candy Crush, one of the most popular mobile games of all time, and the legendary Call of Duty) will establish a foothold for the company in the most great metaverse race.”
Microsoft CEO Satya Nadella said:
“When we think about our vision of what our metaverse can be, we think that there won’t be a centralized metaverse and that there shouldn’t be one. We need to support many metaverse platforms, as well as a robust ecosystem of content, commerce, and apps.
Microsoft has already announced the launch of a full suite of traditional work products, such as PowerPoint and Excel, which will be usable and shareable within a metaverse. The company said these tools should be available in the first half of 2022.
Keep in mind that there are a variety of different metaverses. Microsoft’s goal is for its games and work products to be used in any metaverse a customer chooses.
Just as many of us have had to use Zoom for video conferencing (for work and school) over the past couple of years, we’re likely to see a similar trend soon with metaverse technologies.
Next : walmart (NYSE:WMT).
The mega corporation “is gearing up to create its own cryptocurrency and collection of non-fungible tokens, filings with the US Patent and Trademark Office show, setting the stage to meet its customers in the emerging metaverse.”
Walmart is currently seeking “crypto-related investments and partnerships” as the company follows many other major retailers and brands into the metaverse.
“Verse to Store,” “Verse to Curb,” and “Verse to Home” were all trademarks in late 2021. The company is planting flags in the metaverse space to successfully transition to an all-virtual shopping experience for customers .
It’s unclear if Walmart has done much more than begin to identify opportunities in the blockchain world, but it’s clear that the world’s largest company by revenue is taking this trend seriously.
One last example…
“Miami-based psychedelic startup Ei.Ventures announced this week that it has purchased a virtual land estate in The Sandbox where clinicians can conduct psychedelic therapy sessions in the metaverse.”
Many readers will know that I am personally invested in the psychedelic space, in addition to having founded two companies recently acquired by a psychedelic venture capital firm. So while this idea of psychedelics in the metaverse may sound ridiculous, I can assure you that it is real.
In fact, several companies are already developing digital therapies that replicate a psychedelic experience. More specifically, the start Trip has been very successful in fundraising with outstanding reviews from users.
Before you call BS on “digital psychedelic therapy”, I strongly suggest you check it out. The experience is hard to describe…but it is completely legal, can be done in the comfort of your own home, and requires very little investment compared to traditional therapy.
Similar meditation companies like Head space and Calmed down, which boasts valuations of $3 billion and $2 billion respectively, already have a massive following of users who swear by them.
I think it’s very likely that we’ll see a lot of virtual therapy done through the metaverse…it’ll be like telemedicine on steroids.
What else will come to the metaverse?
As of now, pretty much anything you can think of…but we won’t know for sure until other companies make big strides (which I guarantee will happen). I will continue to share the latest developments with you here at CV Summary.
As of the date of publication, Cody Shirk had (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.
Focusing on megatrends that will shape the future, Cody Shirk uncovers generational wealth in the private investment space. To make sure you never miss Venture Capital Digest, click here to subscribe.
The Metaverse Is Coming Whether You Like It Or Not
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