On Tuesday, Walmart announced it filed patents for digital currency, software to manage cryptocurrency, and other non-fungible tokens (NFTs) for its retail services.
By Chaka Ferguson, editorial director, Palm Beach Daily
You know you’ve gone mainstream when your product is on the shelves of the local Walmart…
Take the “As Seen on TV” products category as an example.
You’ve probably watched these infomercials late at night or on weekends when nothing else is on. They sell everything from skincare systems to kitchen gadgets to workout routines.
Most of them are niche products. But every now and then, some of them hit it big.
Think of products like the Snuggie, George Foreman Grill, and the ThighMaster. They were the butt of late-night comedy show jokes before arriving at Walmart.
Now, they generate millions of dollars in sales.
Small business owners everywhere dream of getting their products on the shelves at Walmart.
And it’s no wonder why…
With 11,400 stores in 24 countries and $560 billion in annual sales, Walmart is the biggest retailer in the world.
So getting your products in Walmart means you’ve arrived.
Here’s why I’m telling you this…
Walmart is about to bring another product mainstream…
And no, it’s not MyPillow, Chia Pet, or the PedEgg. It’s a new “product” that will take the world’s biggest retailer into the next technological frontier.
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Table of Contents
Technology’s Next Frontier
On Tuesday, Walmart announced it filed patents for digital currency, software to manage cryptocurrency, and other non-fungible tokens (NFTs) for its retail services.
I can’t tell you how huge this is…
An estimated 240 million people shop at Walmart each week. So that’s hundreds of millions of people who’ll be exposed to crypto assets and NFTs.
NFT stands for non-fungible token. Put simply, it’s a unique digital asset that lives on a blockchain. And they’ll be key to exchanging goods and services in the metaverse.
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Long-time readers know the metaverse is one of Daily editor Teeka Tiwari’s big trends of 2022. Here’s Teeka:
The metaverse is a digital world where we’ll eventually live, work, play, and interact with each other in innovative and previously unimaginable ways.
This megatrend will lure the entire world into its seductive maw… Just like how smartphones have eaten the attention of almost 6 billion people. Like the iPhone, the metaverse will radically transform how we interact with one another… but in a completely immersive way.
In the metaverse, we’ll have digital representations of ourselves called avatars moving through a virtual world… accessing data from Google… meeting people at work… going to live events… and even going out on dates.
Walmart’s foray into the metaverse follows other big retailers already in the game, such as Gap and Nike.
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Gap recently launched its first NFTs on the Tezos blockchain, ranging in price from $8.30 to $415, which come with a limited edition, collectible Gap hoodie.
Nike also filed a patent application on its downloadable virtual goods, including footwear, clothing, and accessories for use online. So kids in the metaverse can wear their “CryptoKicks” with the famous Nike swoosh.
From financial giants like Visa and MasterCard to automakers like GM and Toyota, we’re seeing industry after industry adopt blockchain technology.
Even Amazon is looking to expand and gain a foothold in the metaverse… in November, it posted a job ad seeking a new “Head of Digital Currency and Blockchain,” signaling plans to develop its own crypto ecosystem.
All this news is incredibly bullish for crypto…
Right now, an estimated 114 million people own bitcoin. So Walmart alone will expose over 100 million more to crypto assets.
We’re long past the stages of crypto being a “dream.” It’s now reality. And that reality is coming sooner than you think.
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To prepare yourself for the massive adoption coming into crypto, you should consider buying some bitcoin and Ethereum.
Both tokens are the gateways to the entire crypto ecosystem. And you’ll need them to get exposure to other cryptos, including NFTs.
Teeka predicts bitcoin will be worth $500,000 in the coming years. That’s more than a 10x gain from today’s prices. And he sees a similar 10x move coming for Ethereum.
So consider using this recent pullback to buy both or judiciously add to your positions where appropriate.
But if you’re looking to potentially 10x your money over the next 365 days, Teeka has another idea for you…
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We are on the cusp of a $33 trillion technology mega-convergence that will shake up the world.
Yahoo Finance says this is… “Big Tech’s latest obsession”
The CEO of the tech giant, NVIDIA, says, “[The Metaverse] is where we will create the future and transform how the world’s biggest industries operate”
And The World Economic Forum calls it an “Eye-opening disruption”
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Bigger than the Dot-Com Boom
According to Teeka, the metaverse trend will be bigger than anything we’ve seen since the tech boom of the 1990s.
The first year of the dot-com boom was roughly a $100 billion wealth-creation event. The smart money estimates we’ll see $1 trillion per year flooding into the metaverse over the next 8 years.
So do the math. Over the next 365 days, the metaverse market could be 10x the size of the dot-com boom. That’s the type of opportunity in front of us. In fact, it’s the biggest money grab I’ve seen on Wall Street in 22 years. The last time I saw a money grab like this was the IPO boom of 1999.
An initial public offering (IPO) is when a private company lists its stock on a public exchange. It’s a major milestone for most companies.
Going public lets a company tap into a deep pool of money on the market. It also makes it easier to use shares for buyouts and employee compensation.
The last mega wave of IPOs came during 1995–1999. We saw companies like Amazon, eBay, and Nvidia go public. Today, they’re some of the biggest tech names in the world.
That’s the same story we have unfolding with the metaverse today.
The future leaders in the space are just starting to form… and we expect a metaverse IPO boom to begin hitting the market over the next few months.
Cashing in won’t be as easy as buying the next hot IPO… or buying stock in companies like Facebook (Meta) and Google. And the wrong metaverse investment could push a comfortable financial future or retirement back by decades.
That’s why Teeka put together a presentation explaining what he calls “The Final Countdown.”
It’s a coming crypto catalyst that could unleash extraordinary gains – bigger and faster than anything we’ve seen this year.
When it triggers, it’ll send even more mainstream investors rushing into crypto… But once everyone is on board, the biggest profits will be off the table.
To learn more about the Final Countdown and receive the name of Teeka’s No. 1 crypto to play it, click here.
Walmart’s foray into crypto and the metaverse is even more evidence that these trends are anything but a fad. So the choice is yours.
You can ignore them and watch from the sidelines as blockchain projects take off…
Or you can ignore the daily volatility inherent in crypto and position yourself to profit from the coming metaverse boom.