Solana CEO Anatoly Yakovenko is mega-bullish on the metaverse.  Covered: Solana CEO Prediction The Metaverse Is Already Here Grayscale And The Metaverse Solana CEO Metaverse Prediction Solana CEO Anatoly Yakovenko said in a recent interview with Business Insider that he believes the metaverse combined with crypto will disrupt traditional businesses models and “wipe them out.” […] The post Solana Founder Says Metaverse Can “Wipe” out Broken Business Models appeared first on CryptosRus.

Solana Founder Says Metaverse Can “Wipe” out Broken Business Models

Solana CEO Anatoly Yakovenko is mega-bullish on the metaverse. 

Covered:

  • Solana CEO Prediction
  • The Metaverse Is Already Here
  • Grayscale And The Metaverse

Solana CEO Metaverse Prediction

Solana CEO Anatoly Yakovenko said in a recent interview with Business Insider that he believes the metaverse combined with crypto will disrupt traditional businesses models and “wipe them out.” In case you’ve been under a rock, the metaverse has been the hottest trend in crypto for the last few weeks. The Google trends for the term metaverse have peaked but are picking up steam again, as seen below.

This could be because plots of virtual land have recently, for example in Decentraland and Sandbox, been selling for record breaking sums. A report from Nov 30 by DappRadar detailed that over $100 million was sold in Metaverse land sales in that week. Sandbox led the way with a whopping 86 million dollars of trading volume.

Recommended: China Likely To Support Metaverse, With Conditions

The Metaverse Is Already Here

courtesy of dappradar

Solana’s Yakovenko sees the opportunity for a massive disruption in the works. However, rather than the metaverse being only a nebulous concept that is yet to manifest, Anatoly says it’s actually already here. “The metaverse is already here. It’s just kind of in this low fidelity, low-resolution state.” I guess the sales on Sandbox and Decentraland back that up.

Being that the two aforementioned projects run on Ethereum, Solana is keen to make their stake in the metaverse, too. Anatoly mentioned that developers who understand how to create these virtual worlds can unlock and build tools for content creators to have their own “virtual experiences.”

“Once that happens, it’s not going to be like a single metaverse sandbox, it is going to be a bunch of small ones that all kind of work together and a bunch of experiences,” Yakovenko said.

It is clear there will be many metaverses, and Yakovenko mentioned how the need for competition and diversity in the space will allow for major disruption of Big Tech’s de facto monopolization of Web 2.0 models.

“I think the opportunity for crypto is to make (the metaverse) better in the sense that the kind of business models that exist on the web right now are broken. Companies that control the market that steal your data, sell it to advertisers, feed you information that you don’t want and try to force you to consume it, that loop sucks.”

Grayscale And The Metaverse

He’s not the only major player who think that the metaverse is ripe for an explosion. A report from Grayscale said recently that the metaverse “is a $1 trillion annual revenue opportunity.” There is no ceiling when you factor in the tokenization of gaming in the play-to-earn format, or even just the tokenization of in-game assets, like what Axie did with their NFT’s.

Gaming is “addictive” and draws users back in daily. The ability to play with friends, e.g. the social aspect of gaming and the collective, also lends to the unmatched virality of games. The saying holds true when related to gaming: “fun is the one thing that money can’t buy.”

And while you certainly can buy the NFT’s on Axie that make the game more fun, bringing “fun” to crypto other than green candles is something truly only games can do. When you add it all up, the metaverse + gaming + crypto is a trifecta that is genuinely boundless in potential. At this point, Ethereum is lucky to have Decentraland and Sandbox, and not the other way around.

Recommended: What Is The Sandbox?

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