Accelerate Technology and Media 2022 Outlook

2021.10.26

According to the activate technology and media 2022 outlook, among the disruptive technologies driving innovation and growth in coming years, have been named among the disruptive technologiesThe report also identified gaming and esports, streaming, NFTs and ecommerce as some of other technologies. Imagine a reality that surpasses even science fiction fantasies. Welcome to the Metaverse.  The universe created by some of the most powerful internet figures where virtual reality, cryptocurrencies and gaming play the key role. The phenomenon began in 1992, it has recently exploded in popularity and introduced into the ecosystem things like cryptocurrencies, NFTs, VR and gaming. This article is specifically written for Investing. What is the metaverse?I am not sure of the reason behind my initial reaction.  As with crypto, tech pervades everything of our lives.  Financetech will be the futureThe computer was on a separate floor in a refrigerated room when I first began my career in the commodities business. The Metaverse is one of the hot topics on the capital market in China. Sign up for Startup Rockstars in 2021 and see our list of the most promising startups of 2021. Will you display the most expensive and nonfungible token artwork that you have ever bought?The NFT backed digital artwork Everydays — The First 5000 Days by Beeple sold for $69 million earlier this year.

 

 

Metaverse – A Digital Reality:

In 2022, these will likely be substantial gaming acquisitions, as Big Tech realizes that it must bolster its gaming strategy to stay. The continued expansion of gaming is expected to be a significant driver of cryptocurrency and NFT innovation and proliferation. In order for cryptocurrency possibilities to be fully realized, there was need for a reform. While cryptocurrency is being used by consumers for trading rather than paying or other crypto use cases has faced headwinds limiting adoption. There might not be a place here now, but we have an opportunity to take a global leadership position and compete with the United States. Berg provides much needed regulatory clarity for the industry. The future described in Ready Player One is within reach. That is, if they should be summarised by us. The Metaverse is a successor to the Internet. Upon its foundation, free access and disconnect must occur by it. Users of Metaverse must provide the ability to interact. Metaverse is aiming to create a shared virtual space beyond the real universe. Holographic sharing, 3D virtualisation, low latency, feeling of reality, real time interaction, and virtual identity are also present by its users. The Metaverse builds on innovations provided by its users and high quality content, inspired by a fair, free and dynamic economic system. ‘A fantasy land,’ said Rodney Dangerfield in his classic movie, Back To School. What is metaverse is created by what is metaverseTo create confusion, the term metaverse lacks a definition or creator. A digital reality that allows users to act and interact virtually is merged by it. The wall Street Journal describes a metaverse. Avatars allow people to try on items available in stores or attend concerts with friends as they would offline. The official Metaverse will require a huge amount of computing power. In his July earnings call, Facebook CEO Mark Zuckerberg mentioned a virtual environment where you can be present with people. It could be the embodiment internet that you are residing in rather than simply viewing it. It isn’t the first or last or the lastHot tech ideas are emerging in this market one after another. NFTs can use an intangible digital item such as an image, video, or in-game token and therefore be traded as such. Another use case of NFTs is as virtual events tickets. The concept of creating an alternative and digital universe is not new. They have always existed in games and on websites. ‘Digital Asset’ craze, fueled by NFT’s, is boosting the digital goods economy. A group of experts has said unique digital identities and experiences will be created and displayed by people. The native cryptocurrency Mana, has been sold by a popular virtual world, Decentraland. According to data shared with ET, the platform has 80,000 monthly active users, ten times more than at this time last year.

 

 

Blockchain Technology is Essential for Small Players:

According to the website, Activate it is put by gaming.  Gaming with a large engaged user base that is already engaging in some of these virtualAlthough Facebook has large plans, there will be no one company in the metaverse.  In fact, there will not be a single metaverse. Interoperability will be an obstacle to dominance and greater acceptance. Decentralised games like Axie Infinity, Decentraland and SecondLive demonstrates that blockchain technology is essential for small players. Due to the open world nature of utility tokens and collectibles, some are transforming into digital economies. In general, no matter how the metaverse develops, the economies, digital identities, and decentralized governance will be combined by it. OVR without limits invented the blockchain. The popularity of Bitcoin continues to riseThe people should be wise about the trend of increasing value. Many times I think about the changes which occurred during the lives of my grandparents. There were two World Wars and a Great Depression that they passed by. We have well reviewed the history beginning with the breakdown of the dotcom bubble in 2000. The bubble burst didn’t change technologies, nor did capital operators have the ability to create new concepts and attract new concepts. In addition, it is found lucrative to build structures in these worlds. One of the augmentations in the number of queries that are come in for designing metaverses is in the last one month. I think our souls were rattled by this pandemic sort of thing.