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How the race for metaverse space is shaping up. The Metaverse, which is touted as the next big emerging theme; is a network of 3D virtual worlds focused on social connection. See how the race for metaverse space is shaping up, it encompasses several technologies, including mixed reality, the Internet; AI, machine learning, blockchain and video games.
Realizing the huge opportunity; companies are doing everything they can to invest time and money in space.
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Apple and Facebook play a central role: investors see the Apple, Inc. (AAPL-0.35%+) It is Meta Platforms, Inc.(FB-2,33%+) as two companies that offer the safest options for investing in the metaverse, Loup Funds managing partner Gene Munster said in a note.
Given that both companies are highly profitable; they will likely play central roles in defining the metaverse, he added.
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“We believe that metaverse companies with less profits will see a headwind in 2022, while; companies building the metaverse will certainly benefit from a flight to quality,” said the analyst.
Apple vs. Apple Facebook:
There is a high probability that Apple will eventually have a family of products aimed at the metaverse opportunity; Munster said. The analyst expects to see a prototype in 2022.
However augmented reality or mixed reality glasses are a logical contribution from Apple to the metaverse; where people will play and work in more immersive digital worlds, Munster said.
However in the coming years, the metaverse will be largely experienced in 2D as seen now, he noted. Indeed in the future; The hardware will boost 3D presence, pitting Facebook against Apple in a race to build affordable, comfortable headsets through which the world can experience the metaverse, he predicted.
However, Facebook's commitment to forming the building blocks of the metaverse is evidenced by the investment; of the company in its Reality Labs division, the analyst said.
Finally, around 20% or 10,000 employees from Facebook's total team are assigned to Reality Labs, compared to around 5% in 2017; said the analyst, citing an Information report.
However, Facebook's name change to Meta; according to the analyst, it is a big deal, as it focuses the company's culture on building the metaverse.
Finally, now we have to wait for the next steps in this market that seems so promising and that can generate a lot of good things for us; consumers and also for companies that are at the forefront of this new reality.
Comment below what you think about the Metaverse and what good it can bring to our daily lives. Until!
Facebook's name change to Meta represents an important strategic shift for the company, reflecting its focus on building and expanding the metaverse concept. The metaverse is a fascinating idea, promising a new era of digital interaction, where the boundaries between the physical and virtual worlds become increasingly blurred.
Here are some points about the potential of the metaverse:
- Immersion and Experience: The metaverse promises to offer immersive and engaging experiences, allowing users to interact with virtual environments in previously unimaginable ways.
- Business Opportunities: For businesses, the metaverse opens up a new world of opportunities, from marketing and advertising to virtual product sales and branded experiences.
- Education and Training: The metaverse could revolutionize education and training by offering realistic simulated environments for learning and skill development.
- Socialization and Entertainment: In the metaverse, people can connect, socialize and participate in virtual events in a more engaging way, transcending geographic barriers.
- Innovation and Creativity: The metaverse is a space for innovation and creativity, where users can create and explore new worlds and experiences.
- Challenges and Concerns: Despite its potential, the metaverse also presents challenges, including issues of privacy, security and digital inclusion.
Now, I would love to hear your opinion! What do you think about the metaverse? Which aspects do you find most exciting or worrying? How do you imagine the metaverse could impact our daily lives in the future? Share your thoughts in the comments below!
