This relationship of great potential and youthwhich the Metaverse has, caused many of the people who enter the crypto world to do so looking for quick profits, through the purchase and sale of crypto assets, through speculation.
About a year ago, the market was very attractive, there was a lot of liquidity and sales records were being broken every day. many people achieved huge fortunesin no time, just by buying the right currency.
The euphoria of that moment attracted a lot of money, large sums were paid for many NFTs and cryptocurrencies that did not have a solid project behind them. The FOMO and the high investment returns promised made many people buy any crypto assets.
In some cases, only a good design was necessary to sell a project, in others not even that. no one wanted to be left outand demand outstripped supply. It was a great speculation party.
At that time it was difficult to see that the market was being artificially inflated, and that it was generating a bubblewhich could burst at any moment.
That moment came on November 9, 2021. A day earlier, Bitcoin reached its all-time high of almost seventy thousand dollars per coinbut almost immediately began a decline, which has not stopped to this day and has the value of Bitcoin at nineteen thousand dollars.
As always in the crypto world, when Bitcoin fell, the rest of the digital assets followed. The fall has been hard many projects did not resist and many people were left with assets, which are worth much less today than they were when they bought them.
This reality has served as a pretext for many people to predict the death of the Metaverse and web 3.0. The criticisms are constant and of all kinds.
It is true that within the web 3.0, we no longer see the levels of purchase that we saw last year, but the market continues to growpeople are increasingly adopting technology in their projects and existing projects are becoming more and more consolidated.
There are many valuable opinions that will help improve web 3.0, however, most of the criticisms do not have a good foundation. For example, there are thousands of articles that advertise the ultimate death of bitcoin. However, to this day, this cryptocurrency has a growth of almost 6000%.
Those of us who work on issues related to the Metaverse and web 3.0, we are calm. We know that the market will go up sooner or later and, in the meantime, we are taking advantage of the sales period.
We are calm, because we do not bet on an NFT or a token, we bet on a technology that still has the same potential to change the world we live in.
In the future, almost any aspect of our lives will be touched by this technology, knowing about it opens a universe of possibilities for brands and people. I invite you to learn more about it, don’t stay out of the next digital revolution.
Do you have any comments about this text? May I help you? Write me. It will be a pleasure to talk with you.
Alberto Arroyo
LinkedIn Alberto Arroyo