Although still in it's infancy, the NFT space has seen massive growth over the past year and half. 2021 could have been dubbed the "Year of the NFT". Along with growth came rapid development of many unique and potent projects popping up everywhere, broadening the scope of the web3 movement and the blockchain revolution.
NFTs, being that they are uniquely identifiable, have provided a very important conceptual framework for how web3 developers will build. They have given rise to many different innovations whether that be crowd sourced funding, property infrastructure or just simply ownership of something (anything) verified on the blockchain. But perhaps the most exciting development in the space is that of the inexplicable ~Metaverse~.
In a sense, many of these NFT projects are developing their own Metaverse - even if they don't know they are yet. They're building products for large communities of people to collaborate, bond, transact, earn and play games with each other - sounds like the Metaverse.
But before we get to talk of what the Metaverse is, let's talk about what the Metaverse is not. The Metaverse is not a simple marketplace for people to exchange obscure tokens for worthless artwork. The Metaverse is not airdrops, breeding, staking or free tokens. The Metaverse is not (pseudo) yield from locking a piece of artwork in a smart contract. And most importantly, the Metaverse is not the marketing collateral of false promises produced by anonymous developers.
So what is the Metaverse?
The Metaverse will be a platform for people to earn real income in a virtual setting. And the utility wont stop at earning - people will spend time with their friends and families in the Metaverse. They'll celebrate achievements like weddings and birthdays. The opportunity the Metaverse will bring is incomprehensible in it's entirety. But the key phrase here is "will bring".
More accurately 2021 should have been dubbed the "Year of Misleading, Aggressive Metaverse Marketing". Blockchain video games, the precursor to the Metaverse, have imploded left and right. While onboarding hundreds of thousands of gamers on the promise they can earn "real income", the infrastructure toppled when actually put to the test. Some of these projects have been reputationally damaged so bad, there is no course to revival. The meteoric rise and inevitable crash of many of these projects is actually somewhat of a phenomenon. But such is the way of life in world of start-ups.
While the immediate future seems bleak, this is not the end of the Metaverse. Builders will keep building and the Metaverse will come to fruition - but that time is years, if not decades away until we see a truly robust platform capable of onboarding billions of people.
In the mean time, the Atlessio Family will operate the Mob Machina NFT Yield Pool by ardently observing the development of the metaverse and placing strategic bets on the leading developers. Instead of building the metaverse, we get to stand at the finish line and dynamically invest in those projects winning the race.
Where we differ from 99% of NFT projects lies in what we are actually building. Instead of building the metaverse we want to invest time, energy, effort, and resources into playing inside the metaverse. Our organizational risk is diversified away by choosing to invest in and play only the highest quality developed blockchain games. If they build it, we will come.