When tech founder Phil Libin donned his Oculus VR headset to try out Meta’s first metaverse product, he was hoping it wouldn’t be terrible. “I had a very, very strong feeling that it would suck, but I went into it with as much hope as possible that I would be pleasantly
When Microsoft bought Activision Blizzard for almost $70 billion last month, the tech giant’s CEO Satya Nadella was quick to bring up the metaverse in his comments. “In gaming, we see the metaverse as a collection of communities and individual identities anchored in strong content franchises accessible on every device,”
Mark Zuckerberg’s ‘metaverse’ business lost more than $10 billion last year, and the losses keep growing
Building the metaverse isn’t cheap. Meta, Facebook’s parent company, revealed, for the first time, the financials of its Reality Labs division in its fourth-quarter 2021 earnings report Wednesday. That’s the segment of the company tasked with building CEO Mark Zuckerberg’s vision for the metaverse. It also includes revenue from hardware, such as
The “metaverse” seems to be the latest buzzword in tech. In general terms, the metaverse can be viewed as a form of cyberspace. Like the internet, it’s a world – or reality, even – beyond our physical world on Earth. The difference is that the metaverse allows us to immerse a
Sales of real estate in the metaverse topped $500 million last year and could double this year, according to investors and analytics firms. Real estate sales on the four major metaverse platforms reached $501 million in 2021, according to MetaMetric Solutions. Sales in January topped $85 million, the metaverse data provider
If there’s one thing that tech companies, retailers, content creators and investors can agree on, it’s this: There’s plenty of money to be made from the metaverse. But as CEOs try to elbow past their rivals to gain a foothold in the still nascent digital space, some psychologists and mental health
Since October, Facebook has renamed the company, articulated a vision of the internet where people can digitally connect through virtual-reality avatars or teleport to see places like ancient Rome, and helped trigger the metaverse investment craze. When the company, now Meta Platforms Inc (FB.O), reports fourth-quarter results on Wednesday, investors will
There is some good news and some bad news with the coming Metaverse. The good news is the incredible use cases this third wave of Internet capabilities will bring. It will have its own thriving economy for business. Estimates are that the Metaverse economy will be a $Trillion dollars within 3 years and a Twenty $Trillion dollars within a decade. It will be a primary means of educating our youth and delivering knowledge through life, and will be a leading form of social interaction, advice and assistance on a range of issues. And of course there will be incredible new forms of entertainment.
Now the bad news. There are serious threats and security issues to consider with the Metaverse.
The coming metaverse has provoked hype, confusion, and misinformation. For technophiles, the metaverse represents a nirvana: a place to immerse yourself in any digital surrounding, and participate in any physical reality, at any time – and also to be able to see and feel anything, even if you are thousands of
Facebook’s announcement in October that it was further embracing the metaverse and rebranding itself as Meta set off a firestorm. While experts say the metaverse is still many years away, the explosion of the term has many asking, what is the metaverse? The metaverse aims to innovate the way people interact