Your money in the metaverse: How the future of investing and financial planning could be reshaped

It’s a fresh new year and 2022 is set to get bigger and better for the growth of all things. electronic money. Last year, we saw an explosion of excitement around NFTs, GameFi, and the future of the metaverse. Collins Dictionary declared NFT (nonfungible token) word of the year, while Facebook changed name and relaunching his auto company as “Meta”, while pushing the idea further into the mainstream, was met with a wave of irritation from the industry. But one thing is for sure: everyone, from gamers to corporations to diplomats, is rushing to be the first to initiate the foundation of this impending future landscape, metaverse.

If the future of our world were planted in reverse, is it a good idea to have a financial plan for this future? Traditional financial advisors would hardly feel confident in guiding clients to invest their retirement money in digital lands, but what if the future of wealth is getting closer to this reality? There are hard facts to face that it can be a good idea to build some knowledge and integrate investments towards financial plans.

As Aristotle famously said, “the more you know, the more you realize that you don’t know”. As with most areas of investing, getting on the ground floor offers the best chance of success. Here are some ways financial planning for the metaverse can be implemented in everyday life.

The rise of digital assets

Where there is a virtual world, there will be virtual investment opportunities. NFT is affecting almost every investment and lifestyle sector. While the art world is getting wide coverage with a single NFT selling for over $90 million (The Merge by Pak sold for $91.8 million on Nifty Gateway in December 2021) , NFTs have integrated themselves into the hugely lucrative GameFi world and gaming industry, allowing users to earn real-world income by playing their favorite games through the company’s innovation. blockchain technology and NFT.

This trend is also spilling over into real estate. Republic Real Estate, a company that has in the past raised money to buy condominiums that are struggling in the physical world, has launched a fund earlier this year Targeting investors looking to buy virtual land. Their hope is to develop some virtual land lots into commercial centers, condominiums and other uses, predicting that crypto enthusiasts and investors will see their value increase. up.

The general public is already well versed in online shopping. It is usually the preferred purchasing method of most people nowadays. With the rise of the metaverse and the movement of online shopping becoming a unique virtual experience, participants are becoming more concerned with their virtual image and appearance. What used to be online clothing shopping in the real world is shifting to online clothing, style and other aspects related to appearance in the virtual world. People who have been interested in these virtual trends are reporting that avatar custom price [subscription required] and virtual appearance-related purchases are steadily increasing, creating strong demand and supply for virtual aesthetics.

Immerse yourself in remote work

The pandemic has created a need to transition from office spaces to remote workplaces. This shift is seen as a temporary solution to the defeat of a global virus, but many large companies are seeing it as a way to move entirely into remote spaces. While it can be challenging, the foundation for a virtual workforce is already available to many.

While some companies are worried about this move, the places where the metaverse is influencing this change are actually enhancing the remote experience to become more immersive and more connected. The idea of ​​sitting alone behind a desk and typing at a computer turns into virtual reality meetings, connecting through avatars and role-playing presentation [subscription required] enables the full experience of connected work to be realized.

Changing the future of the real world

While the virtual world seems to be advancing at lightning speed, the physical world is not going away anytime soon. While it can feel like the virtual world is taking over everything, there are still a lot of steps ahead of us as we move closer to the metaverse scene. With emerging technologies and driving concerns, the metaverse is slowly taking shape, more and more aspects of our physical world are integrated more deeply into the virtual world, as cryptocurrencies, games , work and everyday life immersed, investment companies and traditional operations will continue to adapt to these changes, including financial benefits and future plans.

Eran Elhanani is the co-founder of BullPerks and GamesPad.