Why is the metaverse important? Back to list

Member SinceSep 14, 2022

Posts 90


Nov 25, 2022 a 11:02
When Facebook rebranded its corporate identity to Meta in October 2021, it announced plans to invest at least $10 billion in the concept that year. Along with Meta, tech titans such as Google, Microsoft, Nvidia, and Qualcomm are investing billions of dollars in the concept. McKinsey & Company, a management consulting firm, has forecast that the metaverse economy will be worth $5 trillion by 2030. The dominant engine is expected to be e-commerce, with gaming, entertainment, education, and marketing in the metaverse also becoming important sectors.
The combination of uncritical enthusiasm for the metaverse and profound uncertainty about how it will unfold has sparked some criticism. Industry observers have questioned whether the metaverse will be significantly different from today's digital experiences – and, if so, whether the general public will be willing to spend hours a day in a headset navigating digital space.

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