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The metaverse is one of the most exciting prospects to emerge from Blockchain technology in recent times. While the idea of living our lives in a virtual playground is terrifying for some, the potential of this virtual world is plain to see. Currently valued at around $47 billion, the metaverse will reach 1 trillion well before 2024, as is currently predicted.

Besides the many possibilities for the gaming industry (a $200 billion market four times the size of Hollywood, like it or not) property is one of the most interesting assets in this virtual space (think NVDA, EA, ATVI, MSFT, TTWO and more). While it blows the mind of most people that even try to think about how this works, metaverse projects like Decentraland and The Sandbox have broken records for property sales, with real estate in these spaces going for millions of dollars.

The metaverse property market totally challenges our concept of value in a way that even bitcoin cannot. There will come a time in the very near future when any digital asset company worth its salt will have to have real estate in the metaverse, just as any bank to be taken seriously once had to have an address on Wall Street. 

And the metaverse is not just a gaming or property speculation curiosity, either. Demonstrating the seriousness with which major institutions are now taking the digital asset space, we have investors as prominent as HSBC (HSBC) already beginning to take interest in the metaverse and put their money in some of the most interesting projects. 

Covid showed us that, at any time, we might find ourselves unable to move around and socialize in the ways we once took for granted. It showed us that working from home is not only possible but preferable in many scenarios and that there are numerous ways to stay in touch with friends and family. In a bizarre way, the technology that the pandemic pushed us toward showed us that life can actually slow down if we want it to. Over the past two years, millions of people utilized platforms that will become intrinsic to the foundation of the metaverse and that have become essential to their lives. 

Of course, this all runs counter to a conservative view that sees the metaverse as a highly dangerous thing. But the metaverse's potential as a globally accessible and inclusive space for absolutely anything from property, to gaming, to retail, to fashion and arts is simply exponential. And more companies like Meta (FB) will jump on this bandwagon. Anyone with even half an eye on the future will be looking at the current sell-off in tokens like Decentraland’s MANA (MANA-X) and Sandbox’s SAND (SAND-X) as one of the greatest buying opportunities in history.
 

Some other thoughts...

Prepare for pullbacks ahead of tax day, but it won’t last 

- April 18 marks tax day in the US and many other countries 
- It’s common to see crypto liquidations right before payments are due
- Following all major crypto events, there are typically pullbacks that are usually temporary
- BUT, we can expect larger announcements than ever to come forward
- This could hold crypto down for longer - especially with crypto’s increasing stock market correlation, growing inflation, and the end of money printing finally nearing

Have a great rest of your week!