The economic opportunities of the metaverse are immense. Now is the time to get involved and build something big.
We can’t truly discuss building the metaverse without addressing the trillion-dollar opportunity that exists in doing so.
The internet as we know it consists of a limited number of centralized platforms that control the majority of traffic and user data. These platforms are designed around maximizing advertising revenue, which puts them in constant conflict with users, who are seen as commodities to be sold.
Of course, as we have already discussed, the metaverse has presented itself with the help of platforms like Meta — as a singular solution to the problem of scarce online space. However, while this is a great start, it is only a fraction of what is possible.
The metaverse has the potential to become a trillion dollar industry because it solves the scarcity problem in a way that no other technology has before. In this article, we will take a close look at the immense economic opportunity that exists in building the metaverse.
To understand the opportunity that exists in building the metaverse, it is first necessary to understand the scarcity problem. This is best explained with a simple example. Let’s say you have a product that you want to sell online. To do so, you need to find a place to list your product.
The most obvious place to list your product would be on Amazon. However, to listing requires creating an account and paying a listing fee. It might not be immediately obvious what is wrong with this process.
