Making money in the Metaverse

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Dear reader,

When I was a kid I was always fascinated by the show MTV cribs.

lIt arrived strategically early in the morning before school or in the afternoon right after school – at least that’s what I remember.

It was a behind-the-scenes look at how the other half lived.

Actors, professional athletes and rock stars took you on a tour of their flashy multi-million dollar Hollywood homes complete with swimming pools, palm trees, designer clothes, European sports cars, crystal chandeliers, expensive champagne, basketball courts…

Everything you could ever dream of as a child, they had it… and more than enough.

Closets filled with Nike Air Jordansbrand new guitars, gold records on the wall.

I enjoyed it because some of my heroes were on the show, including Tony Hawk, Incubus, and Alanis Morrisette.

I just thought it was so cool to see them in their homes and in a lake”normal” state.

But whenever my father entered the room while I watched, he visibly did to get angry and tell me to turn it off.

Now my dad is a very calm person and doesn’t get angry easily, so it really impressed me that he didn’t want me to watch that show.

I always asked why, and he said something along the lines of, “We don’t need to see that.”

At the time, that was little better than the run-of-the-mill parental answer of “because.”

So I would turn it off for a while… and then, of course, keep watching later.

But wwhy did it bother him so much?

I really couldn’t figure it out.

lIt wasn’t until years later that I understood why he didn’t want that show in the house.

It was because the promotes showiness, greed, and a voyeurism of the wealthy.

It shows how the rich brag about how much money they spent on useless things like clothes and cars… materialism at its best.

Not to mention, it doesn’t show the whole picture of how much work has gone into achieving those material objects.

You don’t see the sacrifices that were made or the luck involved.

So now I understand why that’s something you don’t want your kids to watch.

Despite the showiness, Cribs was a huge success and the original show ran for ten years.

lt’s actually still on the air today; a new season premiered last year.

Nowadays, these kinds of shows are gaining popularity again.

Popular YouTubers Sam and Colby tours haunted buildings and they have 8.4 million subscribers.

The first video on their page has already been viewed over 10 million times!

Jeremy Xplores is another popular channel, with almost 100,000 subscribers. Jeremy investigates leave mansions, where people sometimes leave millions of dollars worth of clothes, cars and electronics.

The point is that people enjoy the voyeurism.

It makes them feel like they are there, but they don’t have to put in the effort.

It is similar to the metaverse and opens the door for the billion dollar industrywhich is expected to grow at a compound annual growth rate of 40% by 2030.

There’s a real one opportunity here, but it has nothing to do with facebook…

Large companies are already benefiting

What if you could explore famous person cribs in the virtual world, see what furniture that they have at home, and buy through the manufacturer or Amazon with one click?

What if you designed an avatar to your body’s specs and fitted the clothes into a celebrity’s closet, giving you the chance to see exactly what they would look like on you?

Even though people still like to go there brick-and-engine stores, this metaverse style shopping will be a huge boon to retailers.

lIt provides retailers with valuable data, reduces retail costs and builds robust targeted marketing.

Forbes recently reported that Walmart, Gucci, Ralph Lauren, Claire’s, and Coca-Cola use meta to increase sales and revenue.

Coke created a flavor called Byte in the metaverse and then released the limited edition product to monetize it.

byte

Walmart created a virtual closet and avatar builder in the metaverse so users can easily see how clothes fit.

Don’t underestimate the power of a virtual shopping cart…

According to The Drum, Nike created Nikeland in Roblox, which has attracted 6.7 million people from 224 countries since its launch last November.

Gucci opened Gucci Town in Roblox and tried to attract more buyers.

gucci

Forbes notes: “Thanks to alert marketersthe platform has changed to a market destination, and more consumers buy in. The income opportunities of the metaverse, through e-commerce alone, could reach $2.6 trillion by 2030…”

That is a huge untapped market!

It seems far-fetched, but as an investor, I don’t think we’ve seen the full profit potential of the metaverse yet.

Where to invest?

The metaverse is ripe with opportunities for the savvy investor.

On the back end, look at AR and VR companies and developers. Think of companies like the Glimpse Group (NASDAQ: VRAR), Roblox (NYSE: RBLX)and unfortunately Meta (NASDAQ: META).

On the front end, look for companies that will benefit from the retail sales, such as Walmart (NYSE: WMT), Amazon (NASDAQ: AMZN), Nike (NYSE: NKE)etc.

The crazy thing is that none of these companies can run projects in the metaverse without haptic feedback technology.

That’s the technology that maps the world around you through your smartphone or VR headset.

We did the research and found that without three small companies, the metaverse cannot exist.

My colleague Christian DeHaemer listed all the details for you here.

stay free,

Alexander Boulden
Editor, Wealth daily

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After Alexander’s passion for economics and investing drew him to one of the largest financial publishing companies in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers and International Monetary Fund analysts, he decided to take the helm. take up the pen and lead others through this new era of investing.

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