MWRK Positions For High Growth In $3.5 Trillion Metaverse Market Popularized By META
May 03 2023 - 12:24PM
InvestorsHub NewsWire
May 3, 2023 -- InvestorsHub NewsWire -- Via Op2mst, VQC LLC
-- MetaWorks Platforms, Inc. (CSE: MWRK) (OTCQB:
MWRK), formerly known until last summer as CurrencyWorks
appears to be positioning itself as a pioneer in the growing
metaverse market estimated by Grand View
Research to have a potential market opportunity between $3.5
trillion and $12.46 trillion.
After suffering much initial criticism for its META rebranding,
Facebook parent, META (NASDAQ: META) seems to be validating the
future of the metaverse after its recent
annual report was received well by the market.
MWRK’s rebranding from CurrencyWorks to MetaWorks may have been
inspired by META and perhaps MWRK’s rebranding will soon receive a
market response similar to META’s.
With a PPS below $0.10 as of this writing, a historical PPS over
$3.00, and an I/O under 100 million, MWRK has the potential to
deliver exponential returns from a low investment entry
point. While META may be more of a known quantity, the PPS as
of this writing is $240.
MWRK is a service provider plus (more on the plus below) in the
metaverse space building metaverse solutions for diverse
industries.
Grand View Research reports, for instance, that Walmart (NYSE:
WMT), Nike (NYSE: NKE), Gap (NYSE: GPS), Verizon (NYSE: VZ), Hulu,
Adidas (OTCMKTS: ADDYY) and Atari (OTCMKTS: PONGF) all have active
metaverse initiatives.
MWRK has a proven track record with the web3 and blockchain
tools to build and monetize metaverse solutions. MWRK
projects have been featured in TIME, People, and THE GLOBE AND MAIL
(See
More).
MWRK management recognizes that even with a potential market
opportunity in the trillions of dollars, the metaverse business
model is far from mature. The MWRK annual report acknowledges
that the company’s business model is evolving.
One of the intriguing and potentially very lucrative aspects of
MWRK’s client engagement approach has been the company’s
willingness to take equity in its client projects. The MWRK
annual report even acknowledges the risk of being deemed an
investment company.
At this time, MWRK seems to be making strong headway with its
metaverse solutions in the entertainment industry. The
company has made some interesting recent announcements in both the
music and movie sectors:
MWRK is clearly an early-stage
company, and it acknowledges itself as one. MWKR is an early
player in a very hot industry where fortunes are likely to be
made. MWRK appears to be adapting itself along with the
metaverse industry evolutions and that entrepreneurial
characteristic may bode well for investors that make a bet on MWRK
as a metaverse market mover.
Other stocks making
news:
By The Op2mst
I write about companies in which I
am invested or considering an investment. My writings reflect
my opinion. I am not making recommendations. While I have
investment experience, I have no educational background, degree or
license that pertains to investing. You should not invest
based on anything I write about. You should invest only at
your own risk. Market awareness, in my opinion, is important
to price per share appreciation potential. Through my
writing, I intend to contribute to market awareness for the benefit
of my own investment or potential investment.
Source: Op2mst, VQC LLC
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