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Metaverse explosion due to over-issuance of currency

December 12, 2021
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Metaverse explosion due to over-issuance of currency

During the week of November 22nd to 28th. The total transaction volume of the four major Metaverse real estate trading platforms is close to 106 million U.S. dollars. The most fundamental factor leading to this phenomenon is since the outbreak of the global financial crisis in 2008. There are too many currencies issued by countries around the world, especially major economies, and there is nowhere to go. So enter the virtual world and become a carrier of emptiness.

Especially the currencies put into the market by developed economies such as the United States. It has flooded the global market, causing funds to be looking for new outlets. Naturally, it is inevitable that part of the funds will be converted into speculation funds. Enter the realm of falsehood and hype up virtual concepts. From virtual currency to virtual real estate, it’s just a different name, and there is no obvious difference in its essence. Only by entering the field of hype, its conceptual effects will continue to be amplified. If you want to continuously amplify the effect of the metaverse concept, you must have enough money to support it.

Therefore, the basis for the popularity of virtual concepts is currency, which can support the constant hype of these concepts. The metaverse concept can be hot. There is no better place for money in the global market, and money in the global market needs to find a place to vent. But like virtual currency and metaverse, you only need to rely on imagination. Without relying on realistic things, it is easier to attract speculators to enter.

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