Yeah, they've made also that and it could be bigger because of them. But the actual thing with metaverse as related to the crypto market. It's really going to be the same as the ICOs if there are no big players just joined like Facebook.
The focus of the metaverse won't be with the payments but with the interaction and like a social living which is Facebook's expertise.
If the actual intention of the technology is the intention then what will be the role of payment there and all these token projects created for that purpose? For me they just get along with the trend but as a investor we have to think what is needed what should be avoided.
Payment will still be there but it's not the focus but the actual use case of being a metaverse like you're being inside the virtual world. There would be payments here and there and that's already a given cause since it's related to cryptocurrencies.
Every project is always riding the hype and that's why many of them are thinking of what's going to be the best for them.
I believe, the concept of metaverse has been boosted its possible use case in the market due to pandemic reasons.
To avoid going outside for unnecessary transactions and just enjoy the entertainment at the comfort of your home, now, people have the choice via metaverse experience.
Though it is quite expensive at the start but I think, the price will go down as many companies will join this industry.
In my opinion, it may not be a bubble as it has use case in the entertainment industry and for people who are introverts, this will be a very good avenue for them to have fun without physically interacting with other people.