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January 11, 2022

What is the metaverse and why could it become the killer use case for crypto?

Today, let’s explore what a “metaverse” actually is and how it could become the killer use case for crypto.

Remember the movie “The Matrix”? In it, protagonist Neo discovers that he had been living in a computer simulation his entire life – a fake, but incredibly realistic world made up by evil machines to keep humans alive to harvest their energy.

That Matrix is the movie depiction of a metaverse, which is a virtual reality you immerse yourself in, interact with others, and you can do whatever that world allows you to.

Sounds futuristic? It is. But Virtual Reality – or VR – is getting better every day. You can already take a rollercoaster ride with a VR headset that is so realistic that you’ll scream in fear. Pilots train in VR and auto makers design cars with it. And because technology is advancing so quickly, companies like Facebook are betting that we will spend most of our time in VR in the not so distant future. They want YOU to escape reality and use THEIR metaverse.

Let’s say that reality becomes true. Why would that be good for crypto? Because in an entirely digital world, blockchains are ideal for payments, to document ownership of digital items, and to keep a permanent record of anything. We simply can’t use a real dollar bill in a virtual world. And if you spend most of your time in VR, you spend most of your money there too, creating huge potential for crypto.

And next time, we are stepping back into reality, showing you real world uses of crypto.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

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