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The metaverse could be tech's next trillion-dollar opportunity: These are the companies making it a reality - CB Insights Research

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The metaverse is one of the hottest buzzwords in tech, and this far-reaching vision of a next-gen internet will rely upon an entire ecosystem of companies to make it a reality. We cut through the noise to explain what the metaverse is, how it's being built, and who's building it. The business world is obsessed with "the metaverse": the concept of shared worlds driven by virtual products and digital experiences that are highly immersive and interactive. We already have virtual worlds featuring live concerts and online games where players spend hundreds of hours -- but metaverse enthusiasts see a future where entire societies thrive in an online realm inhabited by avatars of real people. While the space is still in early days, the longer-term implications may not be trivial. Some users -- especially younger ones -- may eventually earn, spend, and invest most of their money in digital worlds. The metaverse could represent a $1T market by the end of the decade, according to CB Insights' Industry Analyst Consensus. This dollar potential has caught the attention of players across industries.


The Metaverse Will Be a Multi-Platform Mess

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Meta CEO Mark Zuckerberg promises a unified metaverse, a seamless expanse of online 3D realms that work together regardless of what company built them. But if current tech industry trends are any indication, the future will instead be a multitude of fragmented digital domains, each its own separate shard of the metaverse experience. Different companies have different ideas for what the metaverse should be. Apple's iPhone, Tencent's WeChat and Meta's own Facebook all demonstrate that controlling a technology platform means you can charge rent. Want to sell an iPhone app?


The Metaverse Will Be a Multi-Platform Mess

#artificialintelligence

Meta CEO Mark Zuckerberg promises a unified metaverse, a seamless expanse of online 3D realms that work together regardless of what company built them. But if current tech industry trends are any indication, the future will instead be a multitude of fragmented digital domains, each its own separate shard of the metaverse experience. Different companies have different ideas for what the metaverse should be. Apple's iPhone, Tencent's WeChat and Meta's own Facebook all demonstrate that controlling a technology platform means you can charge rent. Want to sell an iPhone app?


What is the metaverse? A (kind of) simple explainer

Mashable

Despite how new it appears, it already feels like the metaverse is everywhere. Facebook's, I mean, Meta's recent rebrand and investments, triggered a new wave of interest in the metaverse. The word's increased ubiquity is creating an impending sense of doom, as if, at any moment, our physical lives will be engulfed in corporate pixels and paywalled interactions. But Fortnite and Roblox have also been hyping up the metaverse for some time now and the term itself is actually decades old. So what exactly is the metaverse?


What Is Metaverse?

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Metaverse is an interconnected 3D virtual reality where users are free to create their own avatars and interact with others from all over the world. If you want to know more about what it means to be part of the Metaverse, read on. Metaverse is a second-generation blockchain that provides a platform for digital assets as well as smart contracts. It's built using open-source software that anyone can use to create their metaverse or use the existing one. The term is also used in a broader sense to describe the concept of a future iteration of the internet made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe that provides for user-controlled avatars representing human beings or software agents. The metaverse in a broader sense may refer to virtual worlds and the entire spectrum of augmented reality.