Facebook, Microsoft, and Others Are Investing in the Metaverse
Earlier this week, Facebook announced it would invest $10 billion in a new venture, the Metaverse. This venture will allow users to interact with both physical and digital worlds.
The metaverse will be a persistent digital realm that users will be able to access through VR headsets. It will also include mixed realty technologies. It will feature avatars, a digital identity, and cryptography.
The dark side of the metaverse includes money laundering, scams, and high volatility of most cryptocurrencies. It also includes regulatory uncertainty. However, the market is expected to be worth $21.7 trillion by 2030.
According to Citi GPS, the number of metaverse users is expected to be 5 billion by 2030. Several companies are already investing in the Metaverse. Among them are video game companies.
Mark Zuckerberg has said that the Metaverse will be the successor to mobile internet. It is a persistent digital realm that allows users to create digital worlds. The Metaverse combines various technologies, such as cryptography, artificial intelligence, and mixed realty technologies.
In addition to Facebook, Microsoft is also investing in the Metaverse. The company has launched the Metaverse technology called Mesh. Mesh will allow people in different physical locations to send chats. It will also allow users to have virtual meetings. The company intends to use its technology in business, education, and process quality improvement.
Microsoft’s vision for the Metaverse looks similar to Facebook’s. The company’s Mesh for Teams will allow users to create virtual avatars and meet with people in different physical locations.