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
While not new, the “metaverse” recently got a big boost from Facebook, now known as Meta, which is pouring $10 billion into its ambitions there. Other big tech companies including Apple, Google, and Microsoft are working on their versions of the concept. The vague term refers to a variety of shared
The Metaverse, you may have heard, is the next big thing: ever-present social cyberspace in which people—or their digital avatars—will work, hang out, and shop. As it happens, this was also the next big thing in 2003. That’s when Philip Rosedale and his then-company Linden Lab launched Second Life, an immersive
The future of the internet includes virtual worlds where humans can interact without the confines of physical space. Welcome to the age of the metaverse. According to analysts’ estimates, these virtual environments could be the next big investment opportunity. Although the metaverse is still evolving, the technology can revolutionize everything from
Meta founder Mark Zuckerberg was met with a mixed reaction after touting his company’s “exciting breakthrough” towards creating an artificial intelligence system that thinks “the way we do.” In a Facebook post on Thursday, Zuckerberg hailed the development of Meta’s data2vec, a new artificial intelligence algorithm that is capable of learning
Microsoft was positioning itself as one of the pioneers of the metaverse even before its US$75 billion deal to buy online gaming giant Activision Blizzard. In the days after Mark Zuckerberg rebranded Facebook last October as Meta with his near movie-length promotional film about the potential for virtual worlds, Microsoft