Puerto Rican billionaire businessman Orlando Bravo, co-founder and managing partner of the private equity firm Thoma Bravo, claimed this week that the metaverse will be the “big word of 2021, and is a big time investment.”
“The metaverse is very investable, and it’s going to be very big.”
Much like the movie “Ready Player One,” the metaverse is a sci-fi concept where humans put on some sort of virtual reality gear that allows them to live, work, and play in a virtual world. The concept has been viewed as a utopian dream, and a dystopian nightmare, depending on your standpoint.
Facebook’s co-founder Mark Zuckerberg announced his company’s plans for the metaverse last month. Zuckerberg also recently changed the name of Facebook to Meta, claiming the new company will have a major focus on the metaverse.
“The metaverse is the next frontier just like social networking was when we got started.”
The entire concept of the metaverse has been heavily debated online. One marketing campaign in Iceland even went as far as to mock the metaverse announcement video as a means of bringing in tourists. In the video, a Zuckerberg lookalike introduces viewers to “Icelandverse, a place of enhanced actual reality without the silly-looking headsets.”
Beyond Facebook, tech giants like Microsoft, Roblox, and Nvidia are already trying to enhance their software so that it’s compatible with the metaverse, and can even be used to power it if needed.
Thomas Bravo alone has more than $83 billion in assets under management and a portfolio that contains more than 40 software companies. Beyond his excitement for the metaverse, Bravo also discussed his passion for cryptocurrency and bitcoin.
“How could you not love crypto? Crypto is just a great system. It’s frictionless. It’s decentralized. And young people want their own financial system. So it is here to stay,” Bravo said.
Eric Mastrota is a Contributing Editor at The National Digest based in New York. A graduate of SUNY New Paltz, he reports on world news, culture, and lifestyle. You can reach him at email@example.com.