Regardless of how markets perform next week or next month, there are some areas that should be very profitable over the long term. And the metaverse is one of them. If you’re a long-term investor, the metaverse has plenty of potential to be as big as the internet.
The Metaverse is a virtual world where users interact with each other and the virtual environment, typically using avatars. The interactions can be for business, social, or gaming.
In fact, Bloomberg Intelligence estimates that the market size for the metaverse could reach $800 billion by 2024.
And even Mark Zuckerberg, publicly stated that his company’s goal is to help bring the metaverse to at least 1 billion people. He thinks that this will “unlock a massively larger creative economy of both digital and physical goods.”
A host of companies are seeking to make the metaverse happen. For example, Exxe Group, Inc. (OTC: AXXA) has launched a new digital footprint as part of its Metaverse Initiative. This new Entertainment focus represents some of the most popular and lucrative, interactive activities in the Metaverse. Plus, it represents another integrative layer and diversified complement to the Company’s current fintech-based, digital presence. Exxe leverages its deep experience in music, film, and fashion events, along with its digital communities, to simultaneously showcase interactive entertainment events via physical media and the virtual environment. Exxe conservatively estimating to generate an increase of at least 15% of our revenues from the sales in the content, fashion, music, film, market segments within 12-18 months. The new initiative will be able to strengthen the EXXE Group portfolio and add a significant amount of revenue to our overall business. By featuring leading artists and fashion designers, Exxe is primed to achieve considerable potential revenue and a global reach.
Exxe takes an agnostic approach to the Metaverse. It is this approach that ensures Exxe’s solutions offer compatibility with a number of games and platforms enabling a broad selection can select from its deep pool of experienced land acquirers, specialist artists, animators, cartoonists, digital marketers, and community builders to its clients seeking to build virtual environments, NFTs, cities, events, etc. Considering that the digital events segment is expected to be one of the most popular services in 2022, Exxe is poised to quickly grow revenue and market share, with additional platforms and products to be introduced throughout the year.
Nvidia (NASDAQ: NVDA) is already marketing a successful product. Its Omniverse platform supports virtual 3D design collaboration and simulation. Customers including manufacturers, engineering firms, and game developers are using Omniverse.
The company has rolled out a free version of its “Omniverse” software to developers. The company made the announcement at the CES 2022 tech trade show in Las Vegas.
Nvidia’s graphics processing units (GPUs) should enjoy tremendous demand over the long term as well as the metaverse is built.
Matterport (NASDAQ:MTTR) enables users to create digital twins or realistic 3D simulations of physical spaces such as homes, offices, and commercial real estate with an artificial-intelligence-powered application. To date, the company has created simulations for 18 billion square feet of space.
Matterport came to the limelight after it entered into partnerships with tech giants such as Amazon(NASDAQ:AMZN) and Meta Platforms (NASDAQ:FB).
Amazon has made Matterport’s digital twin capabilities available on Amazon Web Services (AWS) and together, they created a digital twin solution for Internet of Things (IoT) devices, smart buildings, manufacturing, and industrial customers.
Meta Platforms is also using Matterport’s 1,000 high-resolution 3D simulation models of a range of physical spaces to teach robots to interact with the physical world.
Unity Software Inc. (NYSE: U) has the potential to provide the foundation for the companies creating the metaverse. The company currently offers game developers software to build, monetize, and operate their video games, regardless of platform, and adjusting the software to allow developers to build a metaverse shouldn’t be much of a stretch. CEO John Riccitiello recently told analysts that Unity is working to have between 60% and 80% of metaverse content built using Unity’s software.
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