Walmart is Entering the Metaverse: What can you Learn From this Decision?
According to CNBC, Walmart is not only entering the metaverse: it’s trying to create a digital ecosystem of its own!
They have plans to create their own cryptocurrency and put some non-fungible tokens (NFTs) in a future marketplace. The application was filed on December 30 (IC 036: Financial services, providing a digital currency and a digital token of value for use by members on an online community via a global computer network).
The company said that they are “testing new ideas all the time”, and they’re “continuously exploring how emerging technologies may shape future shopping experiences”.
What can you learn from this?
Metaverse is something new: its shape is being designed by users, developers, and businesses worldwide. People are starting to see that everything can be intimately integrated to enhance immersion and improve productivity.
Big brands have the buck to make greater approaches inside the market, but that doesn’t mean that smaller companies and individuals can’t help building the metaverse: most of it is open source and you can invest small amounts of money to get started.
You’ll be able to buy from a supermarket inside a metaverse store — no need to leave your house if you’re running out of time because of work. You can even have some fun inside of it by playing video games, chatting with those you love, amongst other things — the possibilities are limitless.
Where to get started
Decentraland (MANA) and The Sandbox (SAND) are great examples of metaverse projects that you could give a peek. The first one has some similarities with Second Life in terms of graphics, but the proposal is much bigger than that.
You can create an account and connect your online wallet (MetaMask and Trust Wallet are the most used on browsers) to begin investing and enjoying what the metaverse has to offer.
Meta (aka Facebook) is planning on entering the metaverse as well — but not as a decentralized, auto-regulated environment. They’ve begun to make their first steps inside of it, though.
This is a crucial step towards the future: one of the biggest supermarket brands is entering the metaverse; that said, it’s expected that a lot of other businesses will likely follow that trend.
You’ll be warned when we have more information about it, don’t worry!
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