Maybe the Metaverse, NFTs Aren't the Next Big Things

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Many businesses, including Meta itself, have staked a lot of money on the metaverse, and many people anticipate that NFTs will be very successful. They might all be mistaken.

Everyone seems to have long anticipated 3D television. Since most viewers only want two dimensions, 3D television nearly vanished.

There is a case to be made for 3D printing, smart homes, voice assistants, and a few other technologies as the next big thing. All of those things do exist, but they tend to be specialised goods.

Get Meta Platforms Inc. Report, Mark Zuckerberg, who founded Facebook, has staked a significant portion of his company's future on the idea that people desire to participate in the metaverse.

Real Might Be Better Than Digital

The issue is that while a meeting in a virtual boardroom might be superior to a Zoom meeting in terms of experience, the metaverse is not a better place to obtain a coupon for a Wendy's value lunch.

It's possible that Meta and the other businesses developing useful metaverse solutions will be able to solve some issues and develop some useful applications.

However, it appears feasible (perhaps even likely) that people want genuine in-person interactions for actual human engagement. Social media platforms like Facebook, Instagram, TikTok, and others are typically founded on individuals actually doing things.

Be Wary of Companies Investing in NFTs, Metaverse

Both Wendy's (WEN) - Get Wendy's Company (The) Report and McDonald's (MCD) - Get McDonald's Corporation Report have invested a sizable sum of money towards developing a presence in the Metaverse.

A small portion of their patrons might wish to compete with Hamburglar for a Happy Meal discount or prepare fictitious baked potatoes in a fake Wendy's, but that audience seems to be quite small.


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