Hein Kaiser
3 minute read
8 Apr 2022
7:45 am

Is Metaverse the next step in value evolution?

Hein Kaiser

NFTs are the nuts and bolts of Metaverse worlds.

Visitors read about Non-Fungible Tokens, or NFTs, during the opening weekend of the Seattle NFT Museum in Seattle, Washington on 29 January 2022. (Photo by Jason Redmond / AFP)

There’s only one place you can spend a million dollars on a rock that doesn’t exist or several hundred thousand greenbacks on a yacht that will never be berthed in the Bahamas. The Metaverse is either humanity’s greatest con or the next step in value evolution. Mark Zuckerberg’s bet his future on it and other tech players and virtual worlds like Sandbox are already making hay, spinning straw into gold. The Metaverse is also not a cheap playground and Sandbox properties are auctioned off monthly for astonishing sums. And then, you still have to develop your property by building something,...