The Metaverse is Bigger than Facebook
If you somehow haven't heard, Facebook is changing its name to 'Meta.'
The company is spending at least $10 billion in the next year on its Facebook reality labs division.
This includes its virtual reality headset, Oculus, and its Facetime/Alexa hybrid device ‘Portal.’
These VR investments coupled with the company's massive social web are critical pieces to Facebook's vision for the Metaverse.
This shouldn't be a new term for members -- we featured the concept of the Metaverse in detail in the August MegaTrends Report.
And more importantly, we highlighted other names who stand to be significant players in this virtual world.
While Facebook has ambitious goals, the big picture "Metaverse" isn't a one-man show.
One name featured in the Metaverse report continues to generate serious buzz among consumers: Coinbase.
Mentions are pacing for the highest quarter on record, driven by sustained interest in cryptocurrency and blockchain technologies across the board.
Coinbase allows users to buy/sell the currencies and blockchain technologies that will power metaverse transactions and digital ownership.
Keep an eye on this one. COIN has already raked in major gains since our August report, and cryptocurrency interest remains strong.