Imagine our world, then imagine it completely digital. For many, it looks like the Metaverse, an immersive virtual space where we can connect to meet friends, shop, work in virtual offices, and even buy virtual real estate. Offering an estimated $800 billion market opportunity, the Metaverse is sought after by online game creators, social networks, and various technology leaders looking for the next breakthrough technology platform.
Although social media companies see it as a way to capitalize on revenue, building the metaverse isn’t exactly cheap. Facebook’s parent company, Meta, lost more than $10 billion in 2021 alone working to build its own vision for the metaverse. Such losses prove that companies like Meta invest astronomical sums to discover their next stage of growth.
In the metaverse, it is possible to make purchases through crypto wallets. They are designed to keep your cryptocurrency safe and easily accessible by storing your private keys. You will be able to receive, spend and send cryptocurrencies such as Bitcoin and Ethereum. There are different forms of crypto wallets, whether it is a USB drive or a mobile app that makes it similar to online shopping.
To examine this emerging world, Wicked Reports has compiled a list from expert reports and predictions exploring the ways people can buy different types of real and virtual goods in the metaverse. Some of these options are already available to try today. Today, others are in the early stages of development. But the metaverse is coming, and here’s how it can affect your shopping habits.