The Future of Metaverse: Either Existence or Bankruptcy

MetaversePlanet October 12, 2022Last Updated: May 13, 2024

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Metaverse Union Chairman Alphan Manas delivered insights into the future of the Metaverse during his address at the Eurasian Blockchain Summit, which served as a gathering of prominent figures from the finance and technology sectors.

In discussing the Metaverse’s future at this summit, Alphan Manas emphasized, “It’s a scenario where either the Metaverse will thrive, or all companies will face bankruptcy. Technologically speaking, these companies will no longer have a viable existence beyond the boundaries of the Metaverse.

In fact, the Metaverse landscape is poised to expand further due to the competitive drive of technology companies to secure their presence,” he asserted. Additionally, Manas predicted that the annual market share of the Metaverse is likely to reach an impressive $1 trillion.

We’re trying to break the misinformation bias into the blockchain.

The Future of Metaverse: Either Existence or Bankruptcy

Cenk Erkin, the Founder of Eurasia Blockchain, commented on the significance of the Eurasian Blockchain Summit, stating, “Our inaugural summit in 2019 was established with the aim of delivering accurate information to the right individuals.

The primary focus of the summit is to unite industry leaders who have achieved success in the field with individuals possessing a deep understanding of the ecosystem, providing a platform for the transmission of accurate information.”

Erkin further explained that the objective is to counteract misconceptions surrounding the sector. He emphasized that there is a prevalent bias against blockchain technology stemming from misinformation. Erkin clarified that blockchain serves as an infrastructure system, while crypto assets are essentially data stored on the blockchain. The summit’s mission is to challenge and dispel these biases.

The Eurasia Blockchain Summit, organized by Eurasia Blockchain and held at Shipyard Istanbul, attracted around 5,000 participants from Turkey, Europe, Central Asia, and the Middle East, underscoring its international reach and impact.