Cointelegraph
Published Sep 04, 2021 02:59AM ET
Updated Sep 04, 2021 04:40AM ET
While the COVID-19 pandemic decimated certain industries like tourism and retail, other entirely new industries have emerged. Two years ago, the concept of a “metaverse” was virtually unknown. Today, the term is trending everywhere online, with new companies and funds entering the space every week — billions of dollars have already been poured into this industry. Just last week, Mark Zuckerberg announced that Facebook (NASDAQ:FB) will become a metaverse company.
Meanwhile, few “metaverse” companies have any real scale or customers, which makes it easy for onlookers to dismiss it as a trend that may flame out. We would caution against that.
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Written By: Cointelegraph
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