Shark Tank investor Kevin O'Leary announced that he invested in Metaverse altcoins, which have become very popular today, at the time of the rise of the cryptocurrency market.
Making some statements in an interview with Kitco News, Kevin O'Leary said that he sees Ethereum (ETH), Polygon (MATIC), Hedera (HBAR) and Helium (HNT) as important projects on which the metaverse will be built. Kevin O'Leary made the following statements in his statements.
“If you want to buy a Facebook, Google or Microsoft, it's all software, plus the metaverse is just software, so I'm starting to take positions on some of these big platforms where the metaverse will live like Polygon and HBAR and Ethereum.
Bitcoin itself is just software. It's not a cryptocurrency, so if you're willing to invest in traditional software for people as service companies like Microsoft, why not invest in Ethereum? Why not invest in Polygon and HBAR and Helium and all these different platforms?
I have a pretty wide selection of these different software platforms without knowing which ones will be successful."
On the other hand, in addition to his statements, O'Leary added that the metaverse could change the course of marketing products and brands, and continued as follows;
“If you believe that in the next three to five years, everything will continue to move online, especially experiential advertising, you'll find it in the metaverse. You'll find it in games first, and that's why we're going to see a lot of games in the coming period. And e-sports is big of that. I think that's the way things are.
Also, to me, there are two aspects to the metaverse: if you're a big brand like Procter & Gamble, you might find yourself in the metaverse right next to their evil shop. But that won't happen on Facebook, which Metaverse will curate. This may have more value in the long run because I don't want to be next to a bad liquor store if I have a brand I'm trying to protect and if that means a lot to me."