UniFarm Conclave: Metaverse | Market Trends | Malware
The word “metaverse” has been increasingly popular in recent months. It’s a decentralized computing platform and virtual reality experience that encompasses a number of different digital realms. Even yet, the metaverse’s concept is continually being developed and improved. Currently, Meta Platforms Inc. (formerly known as Facebook) is a strong promoter of the metaverse, and it helps promote its use through products such as virtual reality headsets and smart glasses. It is, however, the next generation of the internet, and it is vastly expanding the prospects for developers, entrepreneurs, and inventors.
The Metaverse Market Size was assessed at $209.77 billion in 2021, and it is predicted to grow at a CAGR of 22.7% to $716.5 billion by 2027.
Since this topic is becoming a matter of discussion all over the world, we invited 5 guests who’re already contributing to this world with their respective solutions.
|Dr. Leaug Imparable||GOTEM|
We had an interesting discussion over this topic — Metaverse, Market Trends, and Malware.
Let’s go deep into the discussion.
Q1. By 2026, one out of 4 people is expected to spend at least one hour a day in the metaverse for work, shopping, education, social, and/or entertainment. It has already become a destination for social occasions, work meetings, gaming events, music concerts. Are we too far from achieving this or on the correct road already?
We’re following the trends. That’s why we started to work over our own metaverse. Regarding our team, as I’ve mentioned previously, we’re having a very cool advantage that we’re having our own marketplace, that will be integrated pretty smoothly into our ecosystem, which will be called Baba Yoga.
Everybody will join this journey pretty soon. It’s only a matter of time before people from the non-crypto world will join this journey as well.
I think we’re living in a society where if we look back, then probably two or three years ago into movies that came in, we can say that there’s a lot of similar things that are happening. When I’m always talking to someone about metaverse and about things that are happening, people don’t know about the movie called “Ready Player One”, in which people were living their lives in some sort of game where they can do anything.
So if we watch that movie and see how things happened in that virtual world, and then compare them with what’s happening right now in the metaverse, I think that it’s inevitable.
People’s lives will be changed by the metaverse. Also, people would be starting to use more things inside of the metaverse. It will be different fun to come into any metaverse, order things and wait for them to come to your house. You basically don’t need to go anywhere besides your home.
So I do believe in the argument that at least 1 out of 4 people will be using metaverse because they can do everything out of it.
This prediction depends on the community and the people around the world about accepting and joining a metaverse, instead of being in the real world. Besides, it also depends on the technology which is going to be so advanced in a few years from now.
I believe that in 4 or 5 years from now, the technology will be advanced enough that more and more people would like to experience this virtual world. And, they’ll definitely be asking people, like us, to help them experience this world because we’re the early adopters of this industry and have built solutions out of it. Ultimately, the number of users will increase as technology advances.
Dr. Leaug Imparable
I’m of the opinion that we still have a long way to go on achieving those statistics. I believe that metaverse is still at the early stage, and of course, we’re expecting a lot of evolution in terms of technology and a lot more.
It may take about 20 to 30 years to create the most awareness outside the crypto environment.
I do believe that about 75% of the world’s population will get attached to the metaverse. Somehow, they become well-oriented. I’m saying this because we know that people are very adaptive to many technological advancements happening in the world.
Blockchain technology can be a good example of this. People across the world have adopted blockchain technology.
I believe that, just like Blockchain technology, Metaverse too is going to have a revolutionary effect on our daily lives.
Metaverse is a vast concept, which is self-sustained and growing exponentially by creating solutions we probably had imagined long ago.
Q2. Will the metaverse be a safe place, especially for kids and teens? What are the recommendations that you would want to share with parents?
Dr. Leaug Imparable
In the Metaverse, we have gaming areas becoming a category. We have entertainment where kids can participate. I think these sectors are safer for kids.
We can have some form of decentralized moderation so that we can say whether something is safe for kids or not. I think Sergei’s platform Picipo is working on a similar model.
But I do agree that parents should always monitor what their kids are doing online.
Actually, there’s not some kind of cool options for the parents just to keep their children safe. I should say that the only issue that children need to be aware of from the early beginning is just to keep their wallets and their assets safe. And, that’s the biggest option for the parents to discuss.
There’s another interesting opportunity for everyone is that metaverse is not the real world. People can’t physically be involved in it. In this regard, parents need to be aware of the physical conditions of their children.
In such a way, with our project, we want to implement a very cool option. With the help of mobile devices, you can count your steps in the physical world. These steps can be converted into the steps in the Metaverse. I think this will motivate everyone to be physically fit while still being part of the metaverse.
I wouldn’t want to know what my kid is doing because it’s the kid’s idea to go through everything and understand what he’s looking into. With regards to the Metaverse, I don’t think that the solution would be to moderate it. The reason is that the whole idea of Metaverse seems in real-life doesn’t seem to moderate it, because it doesn’t belong to anyone, it’s free.
Q3. The market is highly volatile as you might have seen BTC got its support at $36,300 and now it is standing above $40k for a while. What do you think the direction of the BTC and alts is going to be for the upcoming months?
I believe that the market would be 10% to 12% up after 6 months from now. I think the current BTC price which is around $40k is the new normal for the market this year, and it’s going to stay around this price point for quite some time.
And I think it’s a great opportunity for the new investors to enter into this market so that they can reap fruitful results in the coming future.
No one can really tell what will happen to Bitcoin and other altcoins in the next few months. But right now, the market is bearish, offering a great opportunity to the new investors to enter and accumulate. Because there’s one thing that we can all be assured of is that when the market will bounce back, a lot of cryptocurrencies would be hitting their new ATH (All-time highs).
People should be focused on some principles –
- Buy when the market is bearish and sell at the high price.
- We should wait, hold and be patient.
I’m pretty sure that the price of Bitcoin and other altcoins will go up. It doesn’t really matter whether it takes 2 months or 2 years from now.
The new stuff that I’m working on with my project – Picipo – will help new non-crypto enter this crypto world and also help them enjoy the returns when the market will turn bullish.
As of now, we’ve also been looking into what’s happening in the market.
For me, one of the most interesting things is that the crypto market is very correlated with the p500. Whenever p500 goes up, the crypto market goes up. Right now, a lot of money is flowing in the market. Many huge wallets are opening up. They’re either selling or putting back the stablecoins and trying to buy crypto.
They’re accumulating right now.
Also, what I see right now is that a lot of bigger players have gone silent. They’re no longer using their wallets. And, if you see the market graph it’s neither moving up nor going down, which is even worse than going down.
But yes, what I’m saying or what everyone is saying here is just speculation. Nobody really knows where the market will go.
Q4. So everytime we see a rise in prices, I personally noticed there has been some catalyst that helps in the price increase - Like IDO’s, NFT’s, Play to Earn, etc. So if BTC has to pump to its new ATH what do you think the catalyst can be? Can it be metaverse?
I think it will be regulations. After regulations, it will be something inside this universe. It can be metaverse or something else.
Right now, we all know that $BTC is just a token of storage, which means that it has no use case at all. Whereas altcoins have a particulate use case. For example, Ethereum uses its coin to operate the blockchain technology.
What we can see here is that Bitcoin isn’t working on its use case for now. Despite this fact, Bitcoin is so popular that 80% of the countries have started adopting it and encouraging their citizens to use it as a form of currency for exchanges.
I would say ‘marketing’ is a powerful tool that can lead a certain token, not just bitcoin, to pump and appreciate its value.
Watch The Full Session
UniFarm is a one-of-a-kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.