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3 Perspectives on the Future of the Metaverse

In a recent report, McKinsey took a deep dive into the metaverse. They interviewed more than 3,400 people worldwide, including senior executives, to find out how it could impact business and society. The goal of the report was to understand what the metaverse can do for businesses and consumers, and where it can gain the most traction.

The Metaverse is a virtual world where you can interact with other players and create content. While this new platform is gaining popularity, concerns remain. Facebook’s antitrust problems and criticism for spreading misinformation have led some to question the future of the Metaverse. There are also cultural and economic factors to consider. Here are three different perspectives on the future of the metaverse.

In 1992, Neal Stephenson coined the term “metaverse,” a combination of “meta” and “universe.” The Metaverse is a virtual reality in which people can purchase land, build avatars, attend events, and shop for goods and services with crypto. It is a future vision of technology that may become commonplace.

Entrepreneurs will drive the metaverse and provide services and content. They will also have to monetize these services effectively. For example, an online cinema could issue tokens for movie viewing rights. Another example could be a virtual planet for meditation.