Immersive Internet has the potential to transform the world. Metaverse has been called the future of the Internet. It is the focus of many industries, and a rising number of tech companies are spending billions of dollars to capitalise on it. In alone, there were an estimated 2.62 million searches for the term “metaverse” and its related topics, which highlights the strong enthusiasm for the metaverse both among businesses and consumers. Although there is no clear definition, many experts refer to the metaverse as a 3D world that is immersive and accessible in real–time by an infinite number of people, thereby allowing for social interactions, work and business transactions. At the metaverse’s foundation, it’s the same Internet but a multi-directional one that enables users to interact and participate in it.
Because of concerns about higher interest rates, technology stocks have struggled since the beginning of 2022 relative to their previous performance, but the long-term value that the metaverse offers is capturing peoples’ attention. Long-term investments in the metaverse are long-term bets. This makes it a great opportunity for investors looking to make long-term investment decisions in companies that have a vision of the future. Read more