Bloomberg - Animoca Exec. Chairman Yat Siu on the Future of the Metaverse
https://www.youtube.com/watch?v=YXCNd363i2E
Topic: Is the Metaverse a bubble? (Read 1251 times)
Undoubtedly, the current Metaverse is “overestimated” by us, and both the industry and the market need to return to rationality
I don't think it's a bubble, as we all know that metaverse technology is a new thing so it's natural that it's still expensive, this is certainly a good opportunity for us to make big profits by following the latest trends.
The hype was at the peak last year and many of the tokens that had metaverse rallied a lot and after that the market is down by a really huge margin and there is no signs of moving up. So in that regard there was the hype and everyone cashed in and made their profits and there are many that are still holding the coins and it is highly unlikely we will see a huge rally in those coins anytime soon.Well, it is clear that it is not a bubble, and I always use the analogy with Mark Zuckerberg, he did not change his name from Facebook to Meta just because of emotions or because he got carried away by what others said, much less because it was going to be a bubble , I think that there it is already a guarantee that it will not be a bubble, that it will be a trend yes, that people do not know well about the metaverses, well that is a reality, the metaverses have not even been launched so that people have access then It is something that cannot be said that it is already there, we cannot speak of a bubble when in reality it has not appeared and we have not tried it.
it's still too early to judge the metaverse because this project is still too young so if you want to invest in it research further and be prepared if this project becomes a bubble and for which and sand I think it's worth holding on to.
We will know once we go bear market. We're going to see if the metaverse projects including the nft market will also be going to bear. Then, one can say that it's a bubble without describing it but only by looking at its market cap of it.I don't want to see the market go on a bear trend soon. But just like anyone who sees the market that's prospering, he'll say that it's a bubble just like what everyone has said for bitcoin.
it's still too early to judge the metaverse because this project is still too young so if you want to invest in it research further and be prepared if this project becomes a bubble and for which and sand I think it's worth holding on to.
META's stock price has been nose diving lately. (nearly 50% down from its ATH) I don't think the investors completely embraced Zuck's idea. It is a dumpster fire right now. If Zuck can't lure people in to his "verse", then I am afraid this will be the end for this company. It will be the next "myspace". When FB came out it was an interesting idea. It was cool. Meta is just... the second "second life".
Payment will still be there but it's not the focus but the actual use case of being a metaverse like you're being inside the virtual world. There would be payments here and there and that's already a given cause since it's related to cryptocurrencies.
Every project is always riding the hype and that's why many of them are thinking of what's going to be the best for them.
Every project is always riding the hype and that's why many of them are thinking of what's going to be the best for them.
I believe, the concept of metaverse has been boosted its possible use case in the market due to pandemic reasons.
To avoid going outside for unnecessary transactions and just enjoy the entertainment at the comfort of your home, now, people have the choice via metaverse experience.
Though it is quite expensive at the start but I think, the price will go down as many companies will join this industry.
In my opinion, it may not be a bubble as it has use case in the entertainment industry and for people who are introverts, this will be a very good avenue for them to have fun without physically interacting with other people.
The interest for such projects became stronger and that's why the growth of it was enormous and scaled at its best. But that's not yet the peak of it, there's probably more to it or worse, its growth will start to decline.
I would say that everything in crypto is a bubble, even bitcoin goes on a bubble and then burst every 4 year cycle.
The problem is that can Metaverse after reaching it's high and the bubble is burst, can it recover or not? that is the big question that no one can answer for now because it on the hype phase. Many are in the FOMO move and entering the picture because they don't want to missed the boat.
The problem is that can Metaverse after reaching it's high and the bubble is burst, can it recover or not? that is the big question that no one can answer for now because it on the hype phase. Many are in the FOMO move and entering the picture because they don't want to missed the boat.
Yeah, they've made also that and it could be bigger because of them. But the actual thing with metaverse as related to the crypto market. It's really going to be the same as the ICOs if there are no big players just joined like Facebook.
The focus of the metaverse won't be with the payments but with the interaction and like a social living which is Facebook's expertise.
If the actual intention of the technology is the intention then what will be the role of payment there and all these token projects created for that purpose? For me they just get along with the trend but as a investor we have to think what is needed what should be avoided.The focus of the metaverse won't be with the payments but with the interaction and like a social living which is Facebook's expertise.
Every project is always riding the hype and that's why many of them are thinking of what's going to be the best for them.
I believe, the concept of metaverse has been boosted its possible use case in the market due to pandemic reasons.
To avoid going outside for unnecessary transactions and just enjoy the entertainment at the comfort of your home, now, people have the choice via metaverse experience.
Though it is quite expensive at the start but I think, the price will go down as many companies will join this industry.
In my opinion, it may not be a bubble as it has use case in the entertainment industry and for people who are introverts, this will be a very good avenue for them to have fun without physically interacting with other people.
I don't think it's a bubble, as we all know that metaverse technology is a new thing so it's natural that it's still expensive, this is certainly a good opportunity for us to make big profits by following the latest trends.
The hype was at the peak last year and many of the tokens that had metaverse rallied a lot and after that the market is down by a really huge margin and there is no signs of moving up. So in that regard there was the hype and everyone cashed in and made their profits and there are many that are still holding the coins and it is highly unlikely we will see a huge rally in those coins anytime soon. Yeah, they've made also that and it could be bigger because of them. But the actual thing with metaverse as related to the crypto market. It's really going to be the same as the ICOs if there are no big players just joined like Facebook.
The focus of the metaverse won't be with the payments but with the interaction and like a social living which is Facebook's expertise.
If the actual intention of the technology is the intention then what will be the role of payment there and all these token projects created for that purpose? For me they just get along with the trend but as a investor we have to think what is needed what should be avoided.The focus of the metaverse won't be with the payments but with the interaction and like a social living which is Facebook's expertise.
Every project is always riding the hype and that's why many of them are thinking of what's going to be the best for them.
I believe, the concept of metaverse has been boosted its possible use case in the market due to pandemic reasons.
To avoid going outside for unnecessary transactions and just enjoy the entertainment at the comfort of your home, now, people have the choice via metaverse experience.
Though it is quite expensive at the start but I think, the price will go down as many companies will join this industry.
In my opinion, it may not be a bubble as it has use case in the entertainment industry and for people who are introverts, this will be a very good avenue for them to have fun without physically interacting with other people.
Yeah, they've made also that and it could be bigger because of them. But the actual thing with metaverse as related to the crypto market. It's really going to be the same as the ICOs if there are no big players just joined like Facebook.
The focus of the metaverse won't be with the payments but with the interaction and like a social living which is Facebook's expertise.
If the actual intention of the technology is the intention then what will be the role of payment there and all these token projects created for that purpose? For me they just get along with the trend but as a investor we have to think what is needed what should be avoided.The focus of the metaverse won't be with the payments but with the interaction and like a social living which is Facebook's expertise.
Every project is always riding the hype and that's why many of them are thinking of what's going to be the best for them.
People say its the next big thing but for me who is living in the present doesn't really care about it, just focusing on what to invest now and for the future and it will work for the next 10 years atleast so I have time and see whether the metaverse will takeover or just fade like other trends hyped in the past.
It's possible that the Metaverse hype could just be the same as ICO, IEO and other of the same. Time gonna come that they're no longer important to the others and will still stay to the usual crypto like bitcoin.The focus of the metaverse won't be with the payments but with the interaction and like a social living which is Facebook's expertise.
Metaverse is a new thing so many people think of it as a bubble, I think this is normal just like what happened with expensive NFT, but the good side is that it can make the market move positively so that we also get profits indirectly.
An expensive NFT is an NFT that has a very good artistic value, so that everyone is happy to appreciate it, but if it is an ordinary NFT I don't think it will be very expensive and even if it is given a high price no one will want it buy it with pleasure.They are not into arts but they have a different interest in life but this does not stop them from acquiring the nft's. They will still buy it as long as they know that they can flip it for more profit. NFT and metaverse do have a similarity and I think some projects combined the two already. Some nft's/metaverse are useful so I wont call them a bubble.
People say its the next big thing but for me who is living in the present doesn't really care about it, just focusing on what to invest now and for the future and it will work for the next 10 years atleast so I have time and see whether the metaverse will takeover or just fade like other trends hyped in the past.
It's possible that the Metaverse hype could just be the same as ICO, IEO and other of the same. Time gonna come that they're no longer important to the others and will still stay to the usual crypto like bitcoin.The focus of the metaverse won't be with the payments but with the interaction and like a social living which is Facebook's expertise.
People say its the next big thing but for me who is living in the present doesn't really care about it, just focusing on what to invest now and for the future and it will work for the next 10 years atleast so I have time and see whether the metaverse will takeover or just fade like other trends hyped in the past.
It's possible that the Metaverse hype could just be the same as ICO, IEO and other of the same. Time gonna come that they're no longer important to the others and will still stay to the usual crypto like bitcoin.At the moment, I believe that the Metaverse is a new business platform that has not yet completely unlocked its opportunities for business development. And in the near future, the Metaverse will be the most demanded product on the cryptocurrency market. So it remains only to wait for the full potential of the Metaverse to be discovered.
yeah, it is hard to say is it a bubble and where the price is heading
but, this is a new reality and new business model for digital world, we were 100% off-line, television brought us to 90:10, mobile phones almost equalize it to 50:50 digital : real world, and metaverse would put it to 10% real world, 90% digital, if the trends continue
nevertheless, it is hard to put a price tag on that one, and which project would go bust, and which will succeed
At the moment, I believe that the Metaverse is a new business platform that has not yet completely unlocked its opportunities for business development. And in the near future, the Metaverse will be the most demanded product on the cryptocurrency market. So it remains only to wait for the full potential of the Metaverse to be discovered.
As we all know we can not expect all projects will perform or will succeed in the market whether the project relates to Metaverse or something else. Metaverse is not a guarantee of success. I see most of the new projects are metaverse and dev are trying to take advantage of the hype of metaverse. Like we always say Bitcoin is costly to invest like this many will say the same thing for Sand & Mana but I would suggest you when you find a 50% correction in these coins you can consider these if finds a good time to invest.
That counts if you understand and believe the possibilities of the asset to bounce back.
Same deal with any other crypto, meta have that nature. It needed to be studied well before you take your call and invest
your money, without any further knowledge, the risk may be higher compared with top coins that are already available
and already proven the worth.
Yes, Metaverse can be called a bubble that has a big influence at this time for projects that carry the Meta concept. Like everything that happens in a technology, there will be a time of each and will be abandoned if one day it is considered no longer contributing to human life on earth.
SAND and MANA can still be invested at this time, because this is an opportunity for you to buy when prices are down.
SAND and MANA can still be invested at this time, because this is an opportunity for you to buy when prices are down.
As we all know we can not expect all projects will perform or will succeed in the market whether the project relates to Metaverse or something else. Metaverse is not a guarantee of success. I see most of the new projects are metaverse and dev are trying to take advantage of the hype of metaverse. Like we always say Bitcoin is costly to invest like this many will say the same thing for Sand & Mana but I would suggest you when you find a 50% correction in these coins you can consider these if finds a good time to invest.
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