With an expected market size of $800 billion by 2024, the Metaverse is a lucrative opportunity. We've seen massive companies like Nike, Coca-Cola, Gucci, and more rushing to establish themselves in the space. With places like Decentraland and The Sandbox already functioning quite well, the Metaverse is technically here. But the potential is not yet fully realized. When games like Star Atlas get their stuff together, that'll be an impressive Metaverse. When Yuga Labs manages to combine all their NFTs into a pixelated, mutated, monkey paradise, that'll be an impressive Metaverse.
And now there are two other contenders to keep your eye on: Metapolis and Shib: The Metaverse.
If you're like me, you've probably been watching the markets the past few days and wondering what the heck Zilliqa is and where it came from. Zilliqa is a smart contract platform with their own token, ZIL, and that token has gone up over 300% in the past month. Why? Zilliqa is developing Metapolis, a Metaverse as a Service (MAAS) and they're unveiling it in Miami, Florida on April 2nd.
Metapolis, "the next internet", or "Metaverse for all", is a setup service that helps clients build their own Metaverse on the Zilliqa blockchain. Meant to be a blank slate for anyone looking to create their own Metaverse instead of having to conform to another's framework, like The Sandbox or Decentraland, Metapolis has gained some hefty steam in the past month and should be watched closely. They drastically lower the cost and time and effort of creating a Metaverse and we may just see a whole bunch pop up because of Zilliqa.
A Metaverse as a Service platform can host and help you setup your Metaverse, but leaves the responsibility of maintaining it, growing it, and otherwise seeing to any problems that arise with it in your hands. By offering such a service it drastically cuts down on Metaverse projects needing to build their own chain, instead offering to essentially host it. Like Amazon Cloud Services. They'll host your website, but you still have to make it pretty and ensure it works properly.
Next is Shib: The Metaverse. Built on the Shibarium, the layer-2 solution for SHIB, Shib: The Metaverse is SHIB's response to all the Metaverse hype. Now, do I really have much info on this to-be-built Metaverse? Not really. SHIB has announced there will be over 100,000 plots of virtual land, and they'll be dropped in categories like Silver, Gold, Platinum, and Diamond, and users will be able to purchase said land with a variety of coins instead of just SHIB.
Despite the lack of detailed knowledge on this project, SHIB has a fierce and dedicated community behind it and wild potential, especially considering some of the large backers it has. One to heavily invest in? Up to you. DYOR. One to keep an eye on? Definitely.
Are there other Metaverse projects to keep your eye on? Of course. The ones I mentioned above are a good start.
The Metaverse is coming. Whether we like it or not.