Will The Metaverse demolish your property investments?
Even the best educated and most wealthy people can be short-sighted or dismissive about innovations which subsequently change our lives. In 1943, Thomas J Watson, former IBM Chairman said: “I think there is a world market for maybe five computers”. Microsoft founder Bill Gates reportedly said, while at the 1994 Comdex conference in Atlanta: "I see little commercial potential for the Internet for at least 10 years". In July the same year, former hedge fund executive Jeff Bezos founded Amazon.com and the rest is history. Much has been written about the Metaverse, how it might impact consumers, how early investors such as Meta Labs (formerly Facebook) and Microsoft could control and profit from its growth potential. According to Peter Levine, General Partner at Andreessen Horowitz: "The metaverse is the next big thing after the internet. It will change the way we interact with technology and with each other, and it will be a game-changer for business and society"...