How emerging tech will influence freedom, industry, and money in the metaverse
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Brad Yasar recently wrote an article on venturebeat.com, where he covers how emerging tech will influence freedom, industry and money in the metaverse.
“Innovation related to the metaverse has brought with it some expected criticism and skepticism. Like any fast-growing, emerging technology, the parameters for its operation have yet to be fully established. This means, essentially, that those who hope to glean financial returns from interacting with the metaverse do not know what investment looks like. Is it VR headsets, digital land, or a pair of Gucci sneakers wearable only with AR? Some might argue that the metaverse is a dystopian fantasy conjured up by gaming fanatics and tech titans. Facebook’s transformation to a metaverse-centric social media company only heightens this dominant apprehension.
With Facebook’s Meta rebrand costing the company an estimated $60 million, it seems Mark Zuckerberg may be onto something. Given that Instagram boasts one billion monthly users, it would be wise to assume that the metaverse may impact our lives significantly in the near future, much like social media does. Much like the early days of social media, the metaverse’s impact is limited by its rate of progression. Soon, however, this progression will bring about a transformative era of industry, influenced by a variety of decentralized tools like DeFi, cryptocurrencies, NFTs, and Web3. Once the power of these technologies is fully realized, life as we know it will have changed forever.”
