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How Mark Zuckerberg Lost the Metaverse (And Why You Should Invest)
You guys watched The Social Network, right? The David Fincher film? Who would have thought that Mark Zuckerberg would eventually change Facebook into “Meta,” a company that he hoped would put him at the forefront of the Metaverse race.
Was changing the name to “Meta” just wishful thinking? Maybe, and now it’s a name he might be stuck with and not much to show for it. Right now, Zuckerberg has about 4 companies ahead of him in the race.
First of all, Tencent owns the “virtual worlds.” There are 3.5 billion players on the top virtual games owned by Tencent at any give time. That means there are ALREADY more people in the virtual worlds than there are on Facebook. This might be what inspires these businessmen to take a look at this as a lucrative field.
The thing is, though, Tencent also has an interest in developing the Metaverse. Tencent is the BIGGEST gaming company in the world right now, even bigger than Nintendo. They also own WeChat and QQ, both are social media messaging software and social payment system.
They also own Spotify, arguably the biggest music streaming service on the web. So they might have a leg-up on Tim Sweeney, who created the MASSIVE online game Fortnite. I’ll get back to him in a minute…