Imagine a world where you could take a morning stroll through the Grand Canyon’s deepest crevice… followed by a picnic lunch on an empty, sprawling beach… without ever leaving your house.
Or how about watching from the endzone as your favorite football team beats the hell out of their greatest rival?
Or maybe you dream of something as simple as eating dinner every night with relatives who live thousands of miles away…
That’s the future Mark Zuckerberg, CEO of Meta (the company formerly known as Facebook), envisions…
At Facebook’s annual Connect conference, Zuckerberg announced the company’s name change… and shared his vision for building out the metaverse.
Zuckerberg believes the metaverse will essentially replace mobile internet. And he intends to lead the way forward as he did with social media. To help build this vision, Facebook is hiring 10,000 new employees in Europe.
And while even Zuck admits no single company can build the metaverse alone… the story provides a glimpse at the enormous opportunity on the horizon.
The “metaverse”—a term first coined by author Neal Stephenson in his 1992 sci-fi novel Snow Crash—refers to the concept of a connected virtual world where avatars—run by real people—can move throughout the environment and, essentially, do whatever they want to do.
The metaverse really has no boundaries…
In the same way the cloud can store boundless data… Or how video games can develop and release new levels at any time… the metaverse, too, would allow for just about anything one can imagine (virtually, of course).
From a company perspective, the development of the metaverse ecosystem means a ton of new business opportunities: New protocols, devices, semiconductor chips, and software will all be needed…
As users create avatars to populate the digital world, demand for virtual clothing design will rise…
As they stake out virtual plots of land—yes, really—they’ll need architects for everything from houses to storefronts to farms, and so much more.
And as digital payments replace physical currency… it’ll mean opportunities for payment processing companies.
Are you starting to see just how limitless this market can be?
As Facebook released third quarter (Q3) 2021 results, Zuckerberg described more of his vision—explaining the metaverse will require a ton of investment over several years to build. He noted that investments in the metaverse ecosystem will reduce operating profits by $10 billion this year. And that Facebook would continue to grow these investments in the coming years.
He explained one goal over the next 10 years is to see one billion metaverse active users…. and hundreds of billions of dollars of digital commerce exchanged… each and every day.
It’s clear Zuckerberg thinks this trend is set to upend the entire internet… and he’s preparing for the profit.
You should do the same.
The obvious, low-hanging fruit here is to buy Meta (FB). (Note the company will officially begin trading under the symbol MVRS as of December 1, 2021.)
But for an under-the-radar “picks and shovels” way to profit, my colleague Luke recommends this play on semiconductors.
And for investors looking for even greater reward potential, Frank recently recommended a company that’s already leading the metaverse landgrab to his Crypto Intelligence subscribers. You can get access by joining here.