Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Metaverse: The Next Big Thing after Mobile Internet

CryptocurrencyNov 17, 2021 01:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Metaverse: The Next Big Thing after Mobile Internet

Well before CEO Mark Zuckerburg announced the name change of Facebook (NASDAQ:FB) to Meta, some of the largest and most innovative tech companies in the world already saw that the metaverse was the next big thing coming.

When the iPhone was invented by Apple (NASDAQ:AAPL) in 2007, it began a movement that brought most of the world onto the internet. Or more specifically, it brought the internet to most of the world. It wasn’t the first smartphone – in fact, the very first mobile phone with internet capability was produced by Nokia (NYSE:NOK) in 1996.

However, after it was invented, a dynamic worldwide shift occurred. For starters, it was such an advancement over similar products on the market that three massive legacy mobile phone manufacturers saw their market share destroyed – Blackberry (TSX:BB), Nokia, and Motorola (NYSE:MSI). Apple’s first foray into mobile internet created such a massive first-mover advantage that within less than a decade all three conglomerates either closed down or sold off their mobile phone divisions.

Now just 14 years later, the mobile phone has replaced the computer as the primary means of logging onto the internet. As reported by Perficient (NASDAQ:PRFT), in the United States in 2020, 61% of website visits were done on a mobile device, as compared to 57% in 2019. Globally the trend is even stronger, with 68.1% of visits to websites in 2020 being done on mobile phones versus 63.3%. In entire swaths of the developing world, desktop computers are a rarity but owning a cell phone is very common.

All signs point to the fact that the metaverse will, in fact, lead the next global transformation

The Metaverse

First of all, what the heck is a or the metaverse? The Oxford Dictionary defines a metaverse as a virtual-reality space in which users can interact with a computer-generated environment and other users.

“Metaverse” combines the words meta, meaning beyond, more comprehensive or transcending, and the word universe. A metaverse is generally considered to be a virtual 3D world using the technologies of virtual reality and augmented reality.

Hollywood portrayals of a metaverse have included a very dark portrayal in the Matrix, where mankind is enslaved in it. And in a chilling and potentially realistic metaverse called “the Oasis” in Ready Player One, one sees a renewed hope because of the metaverse.

While such technologies have been around since the early 1990s, and in some form have existed in video games such as Second Life launched in 2003, the idea of the metaverse has taken on a whole new meaning with the advent of blockchain technology.

With the rise of massive centralized social media companies and tech giants like Facebook, Twitter (NYSE:TWTR), Google (NASDAQ:GOOGL), Apple and Microsoft (NASDAQ:MSFT), along with the rapid adoption of cryptocurrency and the advent of decentralized Web 3.0 networks, the environment is a perfect storm for the creation of many metaverses which have the potential to be connected together.

We’ve seen that Facebook changed its name to Meta with CEO Mark Zuckerberg’s video announcing their massive investment. Microsoft, Google, and Sony (NYSE:SONY) have only made some serious investments into the space.

But where does this leave you, a regular person? How is this going to change your life? In this article, we feature one company that is entering the blockchain and metaverse space at a level almost everyone can agree on. Pizza – one of the most popular foods in the world and gaming.

PizzaBucks

Yes, you heard correctly. Pizza and gaming. It does not require research to determine that pizza is a very popular food across the world. The exploding gaming space with 3.24 billion users is ripe for blockchain disruption. So why not combine them in the metaverse?

PizzaBucks is a new blockchain ecosystem that consists of a metaverse gaming experience, which is set for launch in Q1 2022. Central to this metaverse will be a high-graphics race car game, where you pay with cryptocurrency to get your own race car – which you actually own because it is a Non-Fungible Token. You can also customize your avatar and level up.

Still, thinking about Ready Player One? Well, imagine land, buildings, and even your own garage to repair and upgrade your race car so that you increase your earnings racing your car in this gamified metaverse. It’s all coming in Q2 to PizzaBucks.

The PizzaBucks ecosystem is powered by a cryptocurrency token built on the Binance Smart Chain so that all users could enjoy low transaction fees while participating. The PizzaBucks token, $PIZZAB is deflationary, with 200 billion tokens created during the pre-sale, with 50% locked to be burned. This means that the circulating supply will never exceed 100 billion tokens, creating buying pressure on the token price.

Holders will be rewarded with passive income. 1% of every transaction of either token will be set aside for a buyback or burn of $PIZZAB. Holders are rewarded because 4% of all transaction fees are paid as rewards to $PIZZAB holders.

Additionally, 1% of transaction fees goes to the PizzaBucks teams’ chosen charity – Mission for Charity. Safe Pizza, which administers the project’s charity actions, has already held 13 charity events.

PizzaBucks will be entering the metaverse with a Play-to-Earn experience capable of eating into the worldwide gamer economy of 3.4 billion. How big can it get? Only time can tell!

Continue reading on CoinQuora

Metaverse: The Next Big Thing after Mobile Internet
 

Related Articles

Gen-Z’s Financial Problem Solver
Gen-Z’s Financial Problem Solver By DailyCoin - Jan 21, 2022

After witnessing the difficult circumstances of his peers, The Rand Project was born out of the passion of 20-year-old CEO and founder, Pol Martin. He knew that he needed...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email