If someone asked you where the biggest music concert in history was held, what would you tell them? Brazil? Vegas? Los Angeles? Wrong. The biggest music concert in history was held just recently by Travis Scott, who performed in the metaverse and attracted an audience of over 12.3 million people. What is the metaverse you ask? The metaverse is a virtual reality space where users can interact with a computer-generated environment as well as other users. This idea was born in the video game industry with popular games such as Grand Theft Auto or Fortnite having digital worlds where players can compete and interact with one another. More recently, however, the metaverse is attracting a larger audience as emerging technologies such as virtual reality, blockchain, and machine learning expand what is possible in these simulated environments. The Travis Scott concert is just one example of the potential the metaverse opportunity is presenting.
The metaverse is still very much in its early innings and has the potential to become a multi-trillion-dollar investment opportunity. The endless possibilities of an immersive virtual world where there are no limits on what is built or done, (even to the point of defying the laws of physics) is too exciting of an opportunity to ignore. Companies big and small are already implementing operations through creating virtual casinos, art galleries, advertising billboards, music venues, and even the ability for users to earn virtual currencies.
It is hard to say exactly where the metaverse will be in 1, 5, or 10 years from now. But that is precisely what makes it so intriguing, within the virtual world anything is possible. And with the number of users on the metaverse multiplying almost daily it is safe to say this trend isn’t going anywhere.
Artificial Intelligence has been a buzzword on wall street for quite some time now. So long in fact it has led many to believe the AI revolution to have already happened, however, nothing could be further from the truth. This technology is disrupting multiple industries and is opening the door for young and dynamic technology companies to compete at a much larger scale. For example, AI is being used to redefine the credit industry (which is currently valued in the hundred billion to trillions), setting a new standard for who is eligible for loans, drastically increasing the accessibility of credit to consumers while simultaneously improving companies bottom lines.
Or even the transition to clean energy. Increasing pressure from consumers to combat global warming is forcing companies and governments alike to become carbon neutral. And in order to combine clean energy with the required high energy capacity required in today’s world, organizations are relying on artificial intelligence to optimize their power grid to create a fast, flexible, powerful, and zero-emission solution. No other technology in the world will allow for the hundreds of thousands of complex situations that need to be processed to happen in a matter of mere seconds, ultimately allowing for efficiencies and speed never seen before.
The practice of using AI to enhance business performance is already well underway. Despite this, as the technology and understanding behind artificial intelligence improve the applications and uses will increase exponentially. The AI trend really is just getting started and still has multiple multibillion-dollar opportunities knocking on its doorstep.
The Metaverse and AI are both trends currently unfolding at a rapid pace. Nevertheless, it is not too late to join in as both of these innovative technologies are still in their early days of disrupting (and creating) industries. Both have multi-billion-dollar market opportunities, and both are providing real-world value in very different ways. Decades of technological change are happening right now, and investors would do well to acknowledge and act on these trends while the opportunity still exists.
Published By: Steven Cawiezell
Published By: Steven Cawiezell