Facebook and Instagram are all set to make it big in the nonfungible token (NFT) market. It is well known that Mark Zuckerberg, CEO of Metaverse wants it to be the powerhouse.
The metaverse economy is all set to create jobs and infrastructure projects are becoming real. There are developers working on gaming projects and NFT transactions are happening for luxury brands. Gamers and social media platforms are all monetizing their skills.
Those who are interested in being venture capitalists are continuing to make investments in a way to bridge the gaming world and the metaverse economy.
Year 2022 will be the year major brands embrace NFTs in a big way. Lot of things are going to happen like the corporate metaverse strategy and more of brands will be involved in Web3 projects.
Also, the digital assets which are built on the blockchain will grow a lot than the music and art industries.
A whole lot of stuff make the metaverse like “the designer skins to wear inside the game” and a whole lot of things to create an immersive gaming experience, which all needs back-end work to be done and therefore will increase the changes for developer employment.
Many of the brands are trying to be in – simply to be involved in the NFT and Metaverse space than to be winners. Direct commercialization strategies in the metaverse space is just beginning to take shape.
More jobs are expected to come in the metaverse. Big brand is naturally going to do things that will help drive Web3 job creation. Meanwhile, the Play to Earn gaming model is becoming famous.
Play to Earn is considered to be a Universal Basic Income Experiment. A crossover of gaming and metaverse is all set to help investments grow.
More investors are recognizing the importance of crypto-gaming cross over. More of brands would want to tap in to the commercialization opportunity in the gaming space. It is very common to see people paying $20, $50, $100 per skin for their gaming. Similarly, gamers are willing to shill out to pay for their gaming Avatars.
With more brands entering the digital world, there will be a need for more computing power. As more of brands leverage NFTs to expand their communities in the virtual space more of consumers will follow them to the metaverse landscape.
By the end of 2021, Intel estimated that Web3 metaverse projects will eventually demand at least 1000x the computing power we have now.
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