How to Buy Meta – Los Angeles Business Journal

Meta Platforms Inc. – Formerly Facebook Inc. – Apple Inc. and Microsoft Corp. are investing heavily in virtual environments known as metaverses. Those looking to own “real estate” or start businesses related to the Metaverse, just like in the real world, often need loans and financial assistance and guidance.

Metaverse is a term that describes a version of online interaction where traditional messages and video chats are supplemented with virtual scenes and images, giving users the opportunity to personalize online interactions.

For now, this reality is mostly embedded in a headset or on a computer screen, allowing users to experience things like virtual office buildings, shopping malls and event spaces.

Bloomberg Intelligence estimates that the metaverse will be an $800 billion market opportunity by 2024. Bloomberg predicts that the primary market for online game makers and gaming hardware will exceed $400 billion, with live entertainment and social media making up the rest.

Meta is expected to invest $50 billion over the next few years.

Small businesses

While the big companies are building widgets and frameworks for Metavas, small companies are looking for ways to create experiences and sell products to virtual visitors. So how does a company get the money to invest in a virtual storefront, office building or event space?

Unlike grabbing a URL for less than $100 in the early days of the Internet, getting started in the Metaverse “on the ground” can cost as little as $20,000 to $40,000 these days. Many entrepreneurs and small business owners need loans to stake their claim in this new virtual space.

Headshot Photography, Westside Studio, 261 S. Robertson Blvd #201 Beverly Hills CA 90211. 310-657-4116
We will buy

There will be many legal questions regarding the financing of the meta opposite. It’s an area of ​​law that piques the interest of Tom Ara, a partner at DLA Piper, which maintains branches in downtown and Century City.

Ara is advising clients on the Web 3.0 future or metaverse. The first iteration of the Internet that some of us can remember was basic websites and email. Web 2.0 came with the advent of social media.

Ara believes that the central questions of the Internet’s third age revolve around how the metaverse is managed and accessed.

“Zoom, Microsoft Teams, those are the previous version of the scale,” Ara said. But as the space grows and real money comes in, there will be issues around “how to legally control it.”

This should be a safe place for businesses and consumers.
Brandon Johnson
Terra Zero

“People want to know if there’s a connection between Metavas built by different companies,” Ara said. “Can you take your virtual identity in different ways? Will headphones cross the metaverse?

Many of these questions remain unanswered. Finally, Ara said, “People want to be where their friends are.”

For business owners looking to trade in the metaverse, it’s now a gamble where their customers sit in virtual reality. But for those willing to take a little risk, there are companies willing to put them in.

‘Metaver Loans’

In January, Vancouver, British Columbia-based TeraZero Technologies Inc., which has a US branch in Century City, announced that it had completed one of the first “metaverse mortgages” with its customers in the Ethereum-based metaverse platform. A decentralized country.

How does it work? Prospective customers can go online to the TerraZero platform, browse offers and details, including land size, location and applicable prefab construction units.

“We don’t lend for speculation. It’s more than a small-business loan,” TerraZero CEO and founder Dan Ritzick told the Business Journal.
Reitzik said that his first Metaverse mortgage customers told him, “This is what I’m going to build and this is how I’m going to make money.”

When a customer signs a mortgage contract, the land is owned by the NFT (Non-tangible Token) registered with TerraZero until the loan is repaid according to the agreed terms.

TerraZero gives the customer deployment rights, so the customer can build in Metaverse, organize events, run a digital storefront or host an internal company office. Customers make monthly payments until the mortgage is paid off, and then the NFT is transferred in full.
The customer.

TerraZero did not disclose the customer’s down payment or interest rate, but said it was a two-year loan.

Currently, any user can connect their Crypto Wallet to the Decentraland app and visit the world to see investment opportunities. The world is full of music venues, parks and casinos.

Assets in the metaverse are finite and, like cryptocurrency, only so much can be minted, so it has value in its scarcity. However, there is no limit to the number of metaverses you can build. Both crypto and NFTs are volatile assets, but in some cases they have proven to be very profitable. Investors and major companies like Nike Inc. And Sotheby’s is seeing some success with NFT sales and the meta opposite.
Currently, Metavas works on cryptocurrency.

“In fact, 98% of consumers have never owned a crypto wallet,” said Brandon Johnson, TerraZero’s Chief Experience Officer.

He also pointed out that there should be a way for consumers to use their regular credit cards to encourage wider spending.
“This should be a safe place for businesses and consumers,” Johnson said.

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