2022 will be the year that the metaverse becomes a part of everyday life. This rapid rise of the metaverse also causes concern over authenticity and immersiveness due to the lack of a credential or verification system. $LQID is helping bring the solution to this problem to the metaverse.
- $LQID’s verifiable credentials focus on security and privacy to reduce the risk of fraud
- The credential system can be used in various industries (healthcare, gaming, events, etc.)
Besides the core of the business, digital identity/credentials, $LQID has 2 more layers that provide a fully diversified metaverse portfolio. These include NFTs and virtual land. Oasis Digital Studios manages and develops various NFT projects, while Aftermath Islands (majority-owned by Oasis) builds and sells virtual islands in the metaverse.
Using this 3 layer approach, $LQID is becoming the Apple of the metaverse by building an ecosystem that links each layer creating an all-in-one experience for the user. For example, credentials to verify the user will be required to enter the Aftermath Islands and participate in events. Even then, you need an avatar to join the metaverse (which Oasis provides).
Overall, $LQID is one of my favourite metaverse companies on the market right now. With revenues beginning to grow rapidly, the current valuation of $28M is significantly undervalued. Super excited to see how they continue to perform over the year.
Also, there's a WallStreetReporter interview in 2 days: https://www.youtube.com/watch?v=fk8jSzluZW8