The metaverse seems to be all the rage right now, but is it just hype or will it actually take off and have a viable economic purpose within the next few years? Of note, we are looking at the next few ‘years’ and not the next few ‘decades’.
Right now, the skepticism is palpable. Many see the entire ecosystem of cryptocurrencies, NFTs and the metaverse as one giant Ponzi scheme built upon the promise of a libertarian future as led by hyperintelligent futurists with innumerous other young, get-rich-quick wannabes drinking the YouTube Kool-Aid. The doubters raise some good points, but ultimately our sentiment is that the bulls will win because blockchain applications for businesses are too lucrative to disregard.
Never ones to recommend artificially derived beverages like the aforementioned Kraft Heinz-owned pop culture icon, our purpose here is instead to look at these new technologies through the clarity of a refreshing freshly blended fruit smoothie, preferably consumed on a tropical beach somewhere. The hospitality applications specific to the metaverse are indeed manifold in terms of building the plumbing for revenue streams based on strong guest demands within the ‘next few years’. Therefore, it’s important that you know what can be in order to see what you should do in the here and now.
As a caveat emptor, the most apt word is ‘plumbing’; with any…
