The Singaporean based cryptocurrency exchange KuCoin has created a meta verse office using virtual reality and augmented reality. On this virtual skyscraper, located on the 21st floor is a virtual meta verse office where people can go to communicate and interact with the objects around them. Additionally, visitors will be able to “earn revenue, play games with friends, build networks, and much more.” This virtual skyscraper seems like an amazing opportunity for companies, exchanges and brands to join this specific building or similar projects in the hopes of becoming more digital. The article likens this scenario to a shopping mall as there will eventually be many different selections to choose from.
According to Bloomberg, they expect the market cap for the meta verse to reach approximately $800 billion USD by 2024. There are much bigger opportunities and market caps for industries, however, this is no tiny sum and it is obvious that companies will leap one this opportunity to expand and make more money. Even Microsofts CEO has announced his interest and speaking about its potential to transform how we see the world. Once AR and VR become more capable, we will begin to see bigger and more impressive possibilities become a reality. Virtual towns would be a larger scale version of the skyscraper and also entirely possible.
I believe this is great for both businesses and consumers as it means more opportunities and advancements in technology resulting in more choices for purchasing, selling and playing games. Who knows, maybe these virtual offices will reach the point where it becomes so immersive, that companies can actually have their employees inside them as part of an industry of jobs or careers. It will be interesting to see how the meta verse progresses and I am very happy to see this growth tied in with cryptocurrency as I believe the impact and possibilities with legitimate crypto currency projects are endless.
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