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Metaverse space is ready for massive investment, says LinkedIn CEO



The metaverse is one of the fastest-growing areas in the cryptocurrency space and is expected to get even bigger in the coming year.

LinkedIn CEO and Co-Founder Reid Hoffman believe the Metaverse space will see massive growth and investment in the coming year. The LinkedIn manager announced this in a recent interview with CNBC. Hoffmann said;

"We're already in; it's already developing and an integral part of our lives. Right now we're talking through the metaverse. The internet is almost like an early version of it."

According to Hoffman, the metaverse is no longer an idea or a concept. Instead, he believes the metaverse is already there and the internet is just an early version of the metaverse itself. The LinkedIn CEO added that he expects the Metaverse space to be conquered by companies focused on leveraging their use cases.

Social media giant Facebook renamed itself Meta two months ago to expand its portfolio and become one of the leading Metaverse companies in the world. Hoffman said Meta already has the numerical advantage in the social media sector and the company will need to develop multiple-use cases if it is to become the dominant force in the Metaverse world.

In the cryptocurrency space, Metaverse-focused projects have received a lot of attention from investors since the beginning of the year. Projects like Decentraland, Axie Infinity and The Sandbox saw a huge increase in both user and investor numbers.

As a result, metaverse-focused projects in the cryptocurrency space now have a combined market cap of over $ 5 billion. The Metaverse is still in its infancy. Market experts assume that as acceptance increases in retail and institutional investors, more investments will be made.

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