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2021 ended with major Metaverse hype. Facebook rebranding as Meta, while multiple other organizations like Epic Games, Microsoft, Coinbase and Tencent joined the Metaverse “universe” – setting the stage for 2022 becoming “the year of the Metaverse.” This is all great news for techies, investors and regular “Joes” alike. However, the current problem is that despite the declarations and funds committed, much infrastructure, hardware, software, and capabilities still need to be developed and made more widely accessible in order to support mainstream Metaverse experiences. This will take years and billions of dollars to accomplish.

However, even with the challenges ahead, the work has begun and the Metaverse is being built as we speak. While not much will come to fruition in 2022, the building blocks will be established. This is exciting news, so let’s dive into why this is so game-changing.

What exactly is the Metaverse?

Facebook CEO Mark Zuckerberg defines it like this: “You can think about the Metaverse as an embodied internet, where instead of just viewing content – you are in it.”

Advancements and convergence in 3D, AR, VR, AI and 5G will enable the creation of a digital twin of the physical world, fully rendered in lifelike virtual environments, while at the same time allowing us to superimpose a digital layer onto the real world. In this way, every object, store, conversation, image – everything – has the potential to be integrated seamlessly into the Metaverse and overlaid with additional data, enhanced with 3D/AR, or expanded, explored and personalized in a digital environment.

The Metaverse Vision and Digital Finance’s Role:

As with every new ecosystem that comes into existence, the successful functioning of it will depend on how easy it is for people to transact in. This is especially true for the Metaverse. Digital finance, including cryptocurrencies, will play a starring role with the conversion of fiat currencies to cryptocurrencies, allowing people to switch between the physical world and the Metaverse with relative ease. These frictionless experiences will facilitate real-world and digital transactions rapidly expanding the global economy.

Think about it: Consumers will purchase digital avatars and virtual land and even throw a party for loved ones by using crypto tokens that are issued by entities facilitating these virtual interactions. Artists will perform in the Metaverse, get paid in cryptocurrencies, and exchange those earnings for real-world revenue. Workers will purchase virtual workspaces that put Zoom to shame. All in all, we haven’t even scratched the surface of possibilities (along with the immense challenges) that are ahead of us.

A Deeper Dive Into the Metaverse: One Baby Step and Article at a Time

As it stands now, the Metaverse is much like the Internet was in the late 80’s and early 90’s, “social networks” of the mid-90’s and the “Cloud” in the early 2000s. It’s mysterious and a bit elusive. However, much like the massive disruptive technology revolutions that came before, the Metaverse will change the way we interact, transact and behave. In that vein, I’ll be publishing a series of articles about a variety of topics dealing with the Metaverse – with a heavy focus on Decentralized Finance and investing.

From industries ripe for disruption like education, gaming and retail, to companies that are building the foundation upon which the Metaverse will exist, grow and thrive, the entire ecosystem is up for discussion and debate. For investors, there’s never been a better time than now to understand this new market and learn about which players are making a real difference. I for one am excited about what’s to come and I invite my followers and readers to join me as I explore the road ahead as we approach the “Dawn of the Metaverse.”