Larry Cheng Gme Board

Ladies and gentlemen, fasten your seatbelts because we're about to dive into the fascinating world of the metaverse. Picture a realm where reality and digital imagination collide, and where even the most exotic investments are taking root. Today, we're joined by Larry Chang, the managing partner at Volition Capital, a company that's boldly venturing into the metaverse. But are these investments too vulnerable right now with the stock market shaking like a leaf in a storm?

Well, the investments Larry is talking about are none other than NFTs, the lifeblood of the metaverse. They're the digital keys that unlock the doors to virtual real estate and goods. They're the currency of this brave new world, and they're soaring to unimaginable heights. Just to put things into perspective, in 2020, less than $100 million worth of NFTs were sold. Fast forward to 2021, and that number skyrocketed to around $20 billion. Now, if that's not a gold rush mentality, I don't know what is.

But why this meteoric rise? The answer lies in the unique rights NFTs bestow upon their owners. These digital tokens not only grant access to exclusive communities but also possess real-world value. And that, my friends, is why everyone is scrambling to get their hands on these digital treasures.

The Metaverse's Infrastructural Revolution

So, is Larry's company diving headfirst into the world of NFTs? Well, not quite, but they're gearing up to embrace enabling technologies. You see, there are challenges when it comes to NFTs. The transaction fees, often referred to as "gas fees," can be exorbitant. Plus, the process can be slow, which makes it a less-than-seamless experience. What's needed are robust infrastructural changes that will facilitate NFT trading and enhance the metaverse. This is where the true game-changers are at work.

Imagine walking into a Walmart in the metaverse, sporting your high-tech VR goggles, and being able to shop just as you do in the physical world. But it's not just window shopping; it's the real deal. You can buy everything you desire right there in the digital realm. The current version of the metaverse may feel like the beta, much like your old phone compared to the latest model. The metaverse aims to make the experience more immersive. You can own a piece of this fantastical world, conduct transactions, engage in thrilling adventures, work, and play—all without leaving the comfort of your VR headset.

Enter the Metaverse, Sans Goggles

Hold on, though. Must you wear those futuristic goggles to partake in this grand adventure? Not necessarily. The metaverse is more accessible than you might think. There are already platforms like Roblox, Decentraland, and the Sandbox that don't require you to look like a science fiction character. These platforms have become the playgrounds of choice for our tech-savvy youth, and they're the first glimpses of the metaverse that await us.

Larry Chang has done a remarkable job of demystifying this exciting realm for those of us who might still be on the fence. And, believe me, the metaverse isn't going away. In fact, it's growing at a pace that's nothing short of mind-boggling.

So, as we step into this brave new world, remember that the metaverse is not just about goggles and gadgets. It's a world where your wildest dreams can come true, and you can do it all in style. Buckle up, folks, because the metaverse is here, and it's here to stay. Larry, thank you for shedding light on this thrilling journey, and we can't wait to have you back to learn even more about this exhilarating frontier. China, hold onto your hats, because the metaverse is calling, and it's calling loudly.