The Chinese Metaverse stock frenzy is becoming unreal

39 Markets

The metaverse will merge the virtual and the physical world. Investors should be careful that the meta-market frenzy does not distort their sense of reality.

It’s hard to find people who can clearly explain what exactly the metaverse will be – roughly a common immersive digital space where people can shop, interact, and play – but the concept has quickly become the hottest buzzword on the stock market . In China, the speculative craze has already caught the government’s attention. Chinese state media have published a number of articles in the past few weeks warning of the risks of jumping on the trend. On Thursday, the People’s Daily said investors should be wary of potential scams related to the metaverse, or non-fungible token, a type of digital asset on the blockchain.

Source Link

Leave a Reply