The Metaverse & Beyond

Description

This basket follows a risk on & risk off strategy on various exciting Metaverse & Gaming projects. Entering into 2022, Metaverse & Gaming on blockchain have become a world phenomenon. The gaming industry on blockchain is expanding exponentially and is expected to take over the traditional gaming industry by 2027 due to the number of incentives and assets that players can trade with and own within the Metaverse. The Metaverse refers to how the internet is evolving to become a more social, immersive, and economically sophisticated than it is at the moment. According to a recent survey , if a blockchain platform focused on virtual items was implemented, 62% of gamers would be more likely to invest in digital assets if they were transferable between games; 84% of developers preferred to create in-game items for the same reasons. And that is a very strong case for gaming using Blockchain/NFT’S to further the reach and give the power back to the users/gamers and create an open economy. Big gaming players entering the market In December, Ubisoft announced it would get into the business of non-fungible tokens (NFTs), a type of digital asset commonly likened to a piece of valuable art. Ubisoft’s NFTs are called Digits, and the publisher said they will “provide players the ability to personalize their experience and complete their missions with style.” The Microsoft buyout of Activision Blizzard gives it access to huge gaming communities – Call of Duty: Warzone has over 100 million players. The metaverse is about unifying communities through the tools of Web 3, including VR and AR (areas Microsoft is invested in) as well as NFTs and the interoperable advantages it offers; your online personality and content can exist across all of Microsoft's games. Even the largest social tech giant facebook rebranded itself to Meta and would focus its future on the upcoming “metaverse”. As more people see actual ownership of digital products as the most significant component of blockchain games, the gaming industry continues to be disrupted. NFTs and play-to-earn mechanics create the foundation for a more equal and profitable gaming experience for players.

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