Last week, Facebook changed its name to Meta Platforms Inc to emphasize its focus on the metaverse, which it believes will be the successor to the mobile internet.
The term “metaverse” refers to the concept of a shared virtual platform that individuals may access via various devices and where they can travel around digital surroundings.
The notion, which might take more than a decade to fully actualize, will necessitate collaboration among digital behemoths. Roundhill Investments launched an exchange-traded fund (ETF) in June to follow and benefit from the activities of metaverse enablers. Another company launched its own metaverse ETF just hours before Facebook revealed its rebranding.
Microsoft
In this year’s earnings call, Microsoft Corp. CEO Satya Nadella stated that the business is trying to develop an “enterprise metaverse” as the digital and physical worlds intersect in its services.
Microsoft, which owns Xbox and the world-building game Minecraft, is another significant participant in the gaming industry. Xbox CEO Phil Spencer has mentioned plans for a “metaverse or mixed-reality framework.”
Roblox
Roblox Corporation, a video game platform, sees the metaverse as a place where “people may join together within millions of 3D experiences to study, work, play, create, and interact.”
Roblox’s goal is to provide users and developers with tools for creating digital environments. Its CEO has also discussed commercial transactions which have their own virtual economy fueled by the Robux currency.
Facebook, which will begin trading as Meta Platforms on December 1, has stated that it prefers to be seen as a metaverse corporation rather than a social network one. The digital behemoth, which has over 3 billion users, has been significantly investing in augmented and virtual reality and has been expanding its VR environment Horizon, which can be accessed via its Quest headsets.
Unity
Another firm that might sell tools or technology required to construct the metaverse is Unity Software Inc, which provides software used to design video games.
NVIDIA
Nvidia Corp created the Omniverse framework to unite 3D worlds into a shared virtual reality. According to the article, the “plumbing” upon which metaverses will be built is Omniverse, which is using projects such as mimicking real-world structures and industries.
Tencent
Tencent Holdings Ltd owns shares in major game companies such as Epic Games and Activision Blizzard, they have registered multiple metaverse-related trademarks for its social network QQ, according to the South China Morning Post this year.
Epic Games
Epic Games is the creator of Fortnite, which has expanded beyond and includes social events such as dance parties and virtual music concerts. Users may pay to outfit their avatars in various fashions and create their own islands and games. Epic also owns a huge gaming engine used to create games and other visual effects such as TV program backgrounds.
Aside from that, there will be many other firms to pursue strategies for metaverse expansion, which will be more intriguing.
With Metaverse hosting gaming, e-commerce, etc, the virtual 3D realm is touching and controlling every facet of our life. More improvements are going on for the future of this world.
According to research, the Metaverse has the potential to become a trillion-dollar in the worlds of advertising, digital events, e-commerce, and hardware.
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