#Club75 || Steem Blockchain Technology and The Metaverse: An Opportunity to the Moon || @elian23khan
In the 1990's Cisco Systems skyrocketed an incredible 75000% in income. This breathtaking profit was as a result of the internet. Back then, the internet was referred to as the Market Disruptor.
In the 21st Century, I sense another Market Disruptor at it infantry stage. Early investors in the Metaverse are going to secure a safe home in the Moon. I believe with the advent of the Metaverse, Steem can make a massive profit on the build out.
Here is how it can happen...
As noted by the coinmarketcap:
Steem was built from the bottom up to overcome the primary hurdles of social media-based economy acceptance and profitability. According to Steem’s official website, the same tactics that have helped big social media platforms flourish can be utilized to help cryptocurrency get off the ground. Cryptocurrency-based economic incentives can significantly aid the establishment of a new social media site. The team behind Steem thinks that the synergy between cryptocurrencies and social media will offer Steem a significant competitive edge in the industry.1
I believe the underlying vision of Steem as a social media platform as stipulated in the above quote is to sort for ways to enable cryptocurrency get off the ground and flourish. This is the vision an goal of every growing economic system. Same as the internet gave the Cisco Systems in the 90's the wings to fly, I believe with Metaverse Steem has a greater chance of fulfilling her vision. It is often said that if Metaverse is the way, cryptocurrency is the king. Steem can build a throne for the King 👑 to seat on in the Metaverse.
Since it's a new development, many people see and talk about it differently. Some say it is a new development in the world of finance and artificial intelligence. Others say it is the future of the internet.2 Whereas others believe that it is like the internet in the 1970's.
Although it’s currently being too exaggerated in the financial media, the Metaverse is actually long on concepts but short on the sorts of practical applications that are likely to emerge from technology.
If you think of the Metaverse as "augmented reality” with the heavy use of headsets. You will definitely think of it in terms of playing video games on steroids. But the truth is: There is more to it than what the mind can fathom. In the literal sense, the Metaverse is an extension of our real life. You can spend time with
friends and family there, socializing at art galleries or concerts from any location around the world.3 And as the platform is digital in nature, it only makes sense that cryptos will go hand in hand with the metaverse.4
Some heavy tech giants have seen the potential of the Metaverse and are already staking their space in the Metaverse.
- Mark Zuckerberg, Facebook founder and CEO, says he wants to focus on the broader aspects of new technology that the company is working on including virtual reality, and not just on Facebook and its family of social media platforms. If the Metaverse takes off, Meta will likely lead the way.
- Microsoft is a major force in cloud computing and the leader in business software.5 Added Activision Blizzard, a leading video game developer with more than 400 million monthly users, to their stable rounds out their product offerings. This positions Microsoft to profit as the Metaverse evolves into whatever form it will take in the coming years.
- To name a few of them
Steemit Blockchain technology is decentralized technology. Being decentralized increases its possibilities. Metaverse, the virtual world is also based on decentralized technology. Steem as a cryptocurrency exchange is totally based on a decentralized system. Decentralized cryptocurrencies operate in a decentralized manner. That means the exchange of currency without any interference from a third party, by using peer-to-peer transactions.
This shows that the Metaverse and Steem Blockchain technology are very closely related to each other. The imagination the virtual world of the Metaverse is not possible without Crypto and Steemit Blockchain can join in with others to make this happen.