This week, the headlines have been full of Metaverse news…
Mark Zuckerberg has changed the name of Facebook (FB) to Meta (MRVS).
He wants his company to become the leading player in this next evolution of the internet.
But what is the Metaverse, exactly?
And where will the big winners be found as this megatrend plays out?
It’s all in your Weekly Pulse video at the top of the page, with me and host Tom Beal.
As you’ll see, the real gains won’t be in Facebook/Meta and other Big Tech giants.
They’ll be in the cryptos issued by blockchain-based Metaverse projects.
Editor, The Daily Cut and Legacy Inner Circle
P.S. As I mention in today’s video, colleague Teeka Tiwari is hosting a livestream event tonight at 8 p.m. ET. He’s about to draw back the curtain on a brand-new way to profit from the blockchain revolution.
It’s in a subsector of crypto he calls “Tech Royalties.” So, if you haven’t already, make sure to sign up for that, for free, here.
|Click here to access the Legacy Inner Circle archive
|Not yet a Legacy Inner Circle member? Join here.
Tom Beal: Last week’s announcement by Facebook to rename itself to Meta and how that ties in with the metaverse is just the tip of the iceberg in helping you growing and protecting your wealth.
My name is Tom Beal, host of The Weekly Pulse, where we break down the biggest wealth-growth story of the week. I’m here today with the editor of Legacy Inner Circle, Chris Lowe. Chris, how do we kick off today’s conversation?
Chris Lowe: Tom, The Weekly Pulse is all about us breaking down the really big story of the week and then giving our viewers some insight into how to profit.
The big story this week – it’s a really big one – is Facebook’s rebranding to Meta. And the ticker symbol for that is MRVS.
The reason it’s changing its name to Meta is because it’s going to focus now on what it calls the “next chapter of the internet,” the Metaverse.
Did you catch the Facebook news, Tom? What did you think of it?
Tom: Absolutely. And I remember our chat here on The Weekly Pulse just a few weeks ago [catch up here] and how quickly that’s escalated. It was brought to my and The Weekly Pulse viewers’ attention just a few weeks ago. And here we have one of the largest, most well-known companies in the world – Facebook – changing their name to Meta to tap into the Metaverse, which is that next iteration.
So, as you mentioned a few weeks ago, and what you brought to my and The Weekly Pulse viewers’ attention, many experts within Legacy Research Group have been pounding that drum of the Metaverse, how that’s going to change everything… and how huge opportunity exists, which is why we’re here today for The Weekly Pulse viewers, to help them grow and protect their wealth.
That’s one big shift that leads to a lot of open possibilities to grow and protect wealth with the upcoming Metaverse.
Chris: That’s right, Tom. Today, we’re going to do three things…
First, we’ll try to help folks wrap their heads around what the Metaverse is.
Second, we’ll try to clear up some misconceptions about the Metaverse, and there are many.
And third, I’m going to show you why the really big winner out of all this isn’t going to be Facebook or other Big Tech companies out of Silicon Valley. It’s actually going to be blockchain projects and cryptocurrencies.
Tom: That’s why we’re here. I’m always ears open when you and the experts here at Legacy Research Group bring things to my and The Weekly Pulse viewers’ attention. It’s a way for me and all of us to grow and protect our wealth. I’m excited to hear these points discussed today.
Chris: So what is the Metaverse? I describe it to folks who haven’t heard about it before as an internet you step inside. That sounds kind of weird, but if you have kids who play the online computer games Fortnite or Roblox, you have a sense of what it’s like.
Basically, Fortnite and Roblox are these virtual worlds. They’re three-dimensional (3D). Kids can go into these worlds via a digital representation of themselves called an avatar. That avatar can look like your kid or look like you. Or it can be something completely wacky, like a dragon, a medieval knight, or a pirate. It’s up to you.
The big thing is that you can walk around these worlds and explore them as an avatar. And not just on your own. People can go into one of these shared worlds and interact with each other. They can play games together.
Facebook sees this as the future of social media.
Fortnitestarted off as a shoot-em-up game. You parachute into this island and try to kill everyone. It’s a battle royale. The last man standing is the one to win.
But the gamemaker (Epic Games) actually removed all the shooting, all the action from one of the parts of this virtual world. So it was just a place kids could go and hang out and talk.
They can even watch concerts in there. We had real live performers doing concerts as avatars in these worlds. It’s crazy. 27 million kids showed up for one of the concerts during the pandemic by a rapper called Travis Scott – a guy I’ve never heard of, but he’s apparently very famous. It’s just crazy. That’s the basic concept of the Metaverse.
The second thing I wanted to address are some of those misconceptions around the Metaverse. A lot of them are a result of focusing on these game-like graphics and virtual reality headsets and augmented reality headsets, where you blend the real world and computer-generated images via a sort of a Google Glass, if you remember the Google Glass.
[Legacy Inner Circle members can catch up on our September 2018 issue with our tech investing expert, Jeff Brown, where he talked about the Google Glass, here.]
But the big worlds in the Metaverse right now are based around blockchain. They all involve some form of crypto economy.
I think Mark Zuckerberg and Facebook don’t really understand what the Metaverse is. Their idea is that you go in and hang out and talk. Maybe that’ll be a part of it.
But the really big action right now are platforms like Decentraland. That’s built on a blockchain. It allows you to buy digital land. That digital land is represented on a blockchain as a non-fungible token (NFT). Basically, it allows you to buy a scarce resource in this world – land – and become an owner of it.
When you are an owner of land, it’s a little bit like a domain name in the internet we use today. You buy a domain name and you set up a business there. People come and visit your website and they scroll and interact with it.
In Decentraland, the equivalent of a domain name is your address in Decentraland. Your piece of land. You can develop your real estate, develop your business.
And then, the cool part is you can actually earn crypto there. So it’s a sort of an ecosystem, where there’s a crypto economy. The token from Decentraland is called mana (MANA). It went up 252% last week alone on the news that Mark Zuckerberg and Facebook are endorsing the Metaverse. Facebook shares didn’t go up 252%, but this cryptocurrency associated with this virtual world did.
So I don’t know if I’ve lost you there, if I’ve opened your eyes a little bit. Are you still with me?
Tom: I’m still here. And my mind is expanding. I can envision the same thing is happening for The Weekly Pulse viewers. This is brand-new territory for a lot of us. Not many people have been in the Metaverse world. This is all brand new.
And the good news is, for those who are aware of it – with you and the other experts bringing the insights from all the teams within Legacy Research Group researching all this – it’s a huge opportunity.
I remember a few weeks ago, when you mentioned several of the experts within Legacy Research Group have said this is the next big thing, and probably the biggest thing we will ever come across.
So it’s kind of like the internet, when it first came out. People were saying, “Is this a fad? Is this a trend? What does this mean? What are URLs? What are domain names?” All that stuff. That’s kind of what you’re describing here.
There’s a movie that came out a few years ago called Ready Player One. That’s where everyone had the virtual reality things, and they would meet up and go do all these different adventures.
That’s probably way down the road. But as you mentioned, we’re here to see how we can profit and benefit from this new Metaverse. How can we grow and protect our wealth? That 250% or so growth in one week is pretty significant. That’s ridiculously amazing.
I’m sure that’s the first of many recommendations and ways for us to grow and protect our wealth that will come, piggybacking on the Metaverse.
Chris: I wouldn’t say MANA is necessarily a recommendation from anyone at Legacy. It’s just an example of how explosive cryptocurrencies that are associated with Metaverse worlds can be.
I know this is a lot to take in. I really do, because believe me, I’ve been thinking about this and trying to process it. But what’s happened is the very big and successful worlds within what we call the Metaverse are based around blockchain and are based around crypto.
There’s another game called Axie Infinity. It looks a bit like Pokémon. You have these little cute pets called Axies. You can breed them and you can play with them and you can battle them and do different things. I’m not an Axie Infinity player, but 2 million people play Axie Infinityper day.
And the cool thing about Axie is that the points you earn in the game are actually a cryptocurrency. You can cash that cryptocurrency out for U.S. dollars, or whatever your local currency is. That’s why it’s called a play-to-earn game.
Now, within Axie Infinity, there are games already set up for you to play. But if you want to go in there and create your own game, you can do that. This has been a huge success. Revenues for Axie Infinity this year are topping $1.5 billion. It’s incredibly fast growth. And as I said, 2 million people showing up every day to play.
AXS is a cryptocurrency that’s issued by the Axie Infinity world. It’s up 20,000% since the start of the year.
Again, that’s not a recommendation. I’ll leave that to Teeka Tiwari and Jeff Brown, our experts.
Teeka says the Metaverse is the most exciting concept he’s come across since he discovered bitcoin back in 2016. That’s huge.
Jeff Brown has launched a brand-new advisory called Unchained Profits, all about how to invest in the companies that are meshing the crypto world and the Metaverse world.
So that’s the big takeaway from this: Teeka and Jeff believe – as do I – that the Metaverse is going to accelerate the trend of crypto adoption that we’ve been banging the drum on for a long time here at Legacy Research and The Weekly Pulse. Those are the games, as I said, they’re getting the energy.
Think about Facebook, what it does. Facebook is a for-profit surveillance company. You go on its free apps, at the moment, and you talk to your friends. Facebook spies on you 24/7. And then it sells the data it harvests from you to advertisers. They can annoy you with ads, basically. That’s how it works.
Something like Decentraland is completely different. You can buy that token MANA and participate in the economy of Decentraland. If Decentraland does well, like it was doing well last week when Facebook started talking about the Metaverse so much, 250% gains if you held that token. If you were an early player of Axie, 20,000% gains for the AXS token.
So you can see that on the one hand, you’ve got this kind of predatory model, where a Big Tech company out of Silicon Valley is just surveilling you. You are the product, essentially. You don’t get any money from posting on Facebook. You don’t get any money from posting on Instagram.
But if you were involved in one of these, what I might call “true Metaverse” worlds, these Metaverse worlds where there’s an economy based around crypto, you can participate, the founders can do well, everyone can do well.
That’s radically different to the model we have today.
Tom: As a viewer of The Weekly Pulse, hearing Chris Lowe and the other experts within Legacy Research Group bringing this to your attention, I would recommend not thinking of this as a passing trend. I think of it kind of like when the internet first came out. And for those who were able to embrace that and see that vision, they profited wildly from it.
Here you are looking to grow and protect your wealth. And as you just heard Chris say, Teeka thinks this is the biggest thing he’s found since mentioning bitcoin all those years ago. That’s a huge statement. And the numbers Chris just shared, this is the tip of the iceberg of what’s to come.
I’m just thankful, Chris, that I’m in your world, I’m in the Legacy Research Group experts’ world. Because that’s where we’re going to be able to hear about things that have that potential to bring us those large returns and help us grow and protect our wealth.
So thank you for bringing this to my attention. I have a feeling this is going to be very exciting. And I’m sure there’s many more episodes to come as this all unfolds.
Chris: Absolutely. I think this is going to be something we’re going to be talking about. And I want just to say at the end, if you want to profit from the Metaverse, one thing to do would be to go out and buy some bitcoin and Ethereum.
They’re the biggest cryptos right now. They’re going to benefit from a mass adoption trend that Teeka and Jeff have identified.
You could also buy Facebook shares. There’s nothing wrong with that, per se. There is a Metaverse ETF called the Roundhill Ball Metaverse ETF (META). It invests in companies, like Facebook, and hardware makers, like people who are making VR headsets and such.
But another great way of doing it is to bet on the crypto trend. So bitcoin and Ethereum, being the two “blue chip” cryptos, that’s going to be a great bet, because I think the Metaverse is going to accelerate that trend.
One more thing, Tom, before we go. Tonight, Teeka is hosting a webinar all about a different type of crypto that he’s extremely excited about. He calls them tech royalties.
I’m not going to get into the details here about what a tech royalty is. But I can tell you that he is super excited about their potential. The gains have been absolutely phenomenal for folks who have signed up for Teeka’s advisory called Palm Beach Crypto Income.
The secret to tech royalties – it’s in the name – tech royalties actually pay you an income as you own crypto. So it’s an entirely new way, another new way, if you like, of getting into the crypto megatrend.
We’re going to put a link to that underneath this. It’s going to go live in a couple of hours’ time. Teeka is going to be giving away his number one tech royalty play to anyone who attends.
So there’s going to be a hyperlink beneath this video. Click on that, if you haven’t already, and make sure you go along to Teeka’s event.
[Click here to register for Teeka’s “Tech Royalties” 2.0 live event, which goes live at 8 p.m. ET TONIGHT.]
And if you’re not able to do that, buy bitcoin and Ethereum as a way to play the Metaverse megatrend.
Tom: Wow. Lots happening. I’m super excited about what you just shared. Every time Teeka talks, I listen. I would highly recommend you do as well.
So click that link, go register for that, and rewind this video to listen to some of the recommendations Chris just shared at the end there. I’ll see you on the live training with Teeka.
Chris, thank you, once again.
Chris: Thanks, Tom.
|Not yet a Legacy Inner Circle member? Join here.