The move towards blockchain is the next big step in technical innovation, following the mass adoption of the internet and mobile technologies. And arguably the biggest benefit of blockchain technology is that it offers trust, says Ray Sharma, Founder/Partner of Extreme Venture Partners.
In this nascent stage of the Metaverse and the BSV blockchain, an enterprise leader may well find it to be the case that getting even a simple product to market may involve them developing various protocols and technical standards, as well as a portfolio of intellectual property that could be licensed for an additional business model.
If companies are willing to relinquish some of their control over the content generated by all the users within the respective Metaverses and simply compete to offer attractive services which were all denominated in a token settled on a suitable blockchain then that arrangement would be mutually beneficial for all parties.
The Metaverse is an exciting opportunity for venture capitalists and institutional investors, as the nascent sector is only beginning to take off. However, experts warn that not all Metaverse projects are equal and that investors must do their due diligence to ensure their planned investment gets off the ground.