Why The Metaverse Matters

#1 An Ever Increasing Percentage Of Our Time Will Be Spent In The Metaverse:

Humanity will spend a little more time in the metaverse. That obviously doesn’t include the 4.5 hours we spend in front of computer screens per day, and the 3 hours and 12 minutes a day we spend on gaming devices.

#2 Every Day, Time Spent In The Metaverse Will Get More Immersive:

Every day, per the first graphic above, humanity will be moving a little more to the right, a little closer to VR. That’s why Facebook bought Occulus, and why they changed their name to Meta.

#3 Crypto/Web3 Is The Technology That Will Power The Open Metaverse, Creating Staggering Levels Of Wealth:

In the open metaverse, everything you own (e.g. art, clothes, weapons, …) will be an NFT. Everything you buy and sell in the metaverse will increasingly be transacted in cryptocurrency. The metaverse will be cross chain, so you’ll be able to take your items with you wherever you go.

While we wait for Web3 technology to go mainstream in the real world, the metaverse is a crypto first environment, mainstream from the start. And as we spend more time in the metaverse, the value creation in crypto, just via the metaverse, will be staggering.

#4 The Metaverse Is The Next Battle In Humanity’s War With FAMGA (Facebook, Apple, Microsoft, Goole, & Amazon): the calamitous impact of FAMGA’s ever increasing share of tech market cap.

When Facebook announced “Meta,” We all know what happened to the promise of Web2 and the end of gatekeepers. We did greatly diminish the power of the old guard. But they were replaced by far more powerful gatekeepers, FAMGA.

Microsoft $69 billion purchase of Activision, the biggest tech acquisition in history, is clearly a strategic move to bolster their metaverse presence.

So it’s the broader crypto community against FAMGA for the soul of the metaverse, and the fate of humanity may truly rest on the outcome.

#5 Amara’s Law

Roy Amara was a professor at Stanford in the ’70s when he coined the eponymous term, which states:

We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run

In other words, however big we think the metaverse is going to be, it’s going to be bigger. WAY BIGGER.

Web3 presents new digital means of production and an opportunity to rebalance the relationships between all stakeholders of the economy. As humans continue to develop brilliant new applications of emerging technologies, we need to reimagine the ways our society is organized so that data serves all communities.

The financial services industry is experiencing a technological revolution that we believe will fundamentally disrupt legacy business models. In this piece, we highlight four companies that represent key areas of the FinTech industry targeted by the Global X FinTech ETF (FINX), including:

  1. Digital Payments
  2. Wealth Management Software
  3. Peer-to-Peer Lending
  4. Financial Software

Expansion Beyond Traditional Financial Services