Cleo Capital managing director Sarah Kunst joins"Making Money with Charles Payne" and reveals why she is not bullish on Meta.
Aarash Darroodi, executive vice president and general counsel for Fender Musical Instruments, says it’s too early to tell what the future holds for music in the metaverse because of current hardware limitations. However, he expects radical changes once cheaper, faster andallow developers to fully exploit 5G speed. T-Mobile compared 5G wireless technology to riding a rocket versus riding a 4G scooter or 3G bicycle.
Darroodi notes software is lagging behind but will probably catch up quickly. The problem is the hardware. No one has been able to create a comfortable and effective virtual or augmented reality device that allows for a fully immersive digital experience.Darroodi believes the ultimate virtual reality device will be some sort of glasses. He says a partnership with a major fashion brand could help adoption.
The metaverse will enhance those experiences. For example, Live Nation’s Ticketmaster unit recently canceled ticket sales forfollowing a system crash that left many Swifties empty-handed after waiting for hours in the queue.