👽 The Metaverse is already here

24-11-2021 | 08:00 AM

Hi everyone, and welcome new subscribers.

My name is Jay Desai. I hope you're having a lovely week and with this freshly baked newsletter I wish you a more amazing week ahead.

Let's start with,

If you believe Facebook, the future is a virtual reality "metaverse."

The tech giant, which changed its name to Meta last month, plans to invest $10 billion this year to develop products that support augmented and virtual reality — a robotic hand, high-tech VR glasses and sophisticated software applications, to name just a few. Analysts expect the company to spend at least $50 billion to achieve its promise of a virtual reality future.

But Meta is far from the only player. In fact, a half-dozen other companies are already building out the hardware and software that will be the next generation of virtual interaction — something Wall Street sees as a $1 trillion market.

The companies include Google, Microsoft, Apple, Valve and others building out products for work and communication. Smaller startups are likely to join them as investors flood into the market.

A patch of virtual real estate in the online world Decentraland sold for a record $2.4 million (roughly Rs. 17 crore) worth of cryptocurrency, the buyer crypto investor Tokens.com and Decentraland said.

Decentraland is an online environment - also called a "metaverse" - where users can buy land, visit buildings, walk around, and meet people as avatars.

Such environments have grown in popularity this year, as the pandemic caused people to spend more time online

The Metaverse is already here and it's here to stay!

Moving on,

The App of this Week is CoinSwitch.

Crypto is inherently a risky asset class, so do not put a large sum of money if you don't understand the ins and outs of the crypto world.

CoinSwitch is India's most trusted crypto exchange - Buy, Sell & Trade 100s of cryptocurrencies instantly and hassle-free with INR at the Best Prices. You can start trading at just Rs. 100 with this app.

I personally use and recommend this app for cryptocurrency transactions.

Check out the app here: CoinSwitch

For previous 'App of the week': https://bit.ly/3cLgpEs

The Monk Who Sold His Ferrari

A wonderfully crafted fable, The Monk Who Sold His Ferrari tells the extraordinary story of Julian Mantle, a lawyer forced to confront the spiritual crisis of his out-of-balance life. This book describes the Seven Virtues required for a life of inner peace, joy, and a wealth of spiritual gifts.

Check out the book here: Amazon

For previous 'Book of the week': BoW

See you next week with more amazing things that will make you wiser.

Until then...

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