Raoul Pal Discusses Metaverse And What The Future Of It Will Look Like
Macro guru and the Founder and CEO of Real Vision, Raoul Pal, discusses the future of metaverse, and what projects will lead the way going forward.
Pal recently spoke with InvestAnswers about metaverse, and said that despite making huge gains by investing in The Sandbox (SAND), predicting what projects will be the future winners is very difficult.
To the question what his favorite metaverse projects are, Pal replies:
“They’re all imperfect. Is the world going to be built out on Sandbox or Decentraland? I don’t think so. Can they adapt and change and become something different? Maybe.
The Sandbox has become my second-largest holding because it went up 20x in a month.
I strongly believe in the metaverse, but it’s not a place. It’s a kind of digital state of affairs. So I don’t think there’s a way to play it as-is.”
The macro strategist also talks about virtual real estate, and how it might not become as hot of a commodity as real-world property.
“I also am thinking through the ownership of digital real estate, not meaning having a metaverse experience…
I’m more thinking about, people are buying real estate because it’s next to Snoop Dogg in Decentraland or Sandbox. Is that valuable or not?
I think there is a near-zero probability that we’re going to be strolling down the street in the metaverse and… ‘Oh, my God, Snoop Dogg’s next door to Real Vision!’
Because when you see Cryptovoxels, you’re just given a GPS coordinate essentially and it takes you to one place, you teleport. So then what’s the value of being in a neighborhood?”
While Pal is not so certain about the future of all the metaverse projects, he is a firm believer that the leading smart contract platform Ethereum (ETH) is one of the best associated investment at the center of it all.
“I worry that we’re very early. I will not be holding my investments in this for a long period of time, because I don’t have faith that these are the right things.
I’ve looked at a bunch of these and the answer is, I really don’t know. But one thing we do know, it’s most likely that Ethereum’s going to be at the center of it for now.
Ethereum becomes a decent proxy for the time being. It’s not perfect, but that’s okay.”
At the time of writing ETH is trading at $4,541, moving sideways on both daily and weekly chart.
