The Metaverse, although referenced prior to Facebook’s recent shift to become “Meta” has only recently fallen into mainstream vocabulary. If you don’t know what the Metaverse is, well, it’s simply a network of 3D virtual worlds focused on social connection or gaming. In a sense the Metaverse is a place where definitions often are molded by the public – a truly hypothetical iteration of the Internet as a single, universal virtual world that is facilitated using virtual and augmented reality headsets. With this idea of virtual reality and new worlds also comes the opportunity for new profits. From individuals launching their own worlds and projects combining NFTs, tokens and more, everyone seems to be hungry for a slice of the Metaverse. Behind some of the biggest moves in the “Metaverse” is Meta (formerly Facebook), lead by none other than Mark Zuckerberg.
In addition to the Metaverse and virtual reality, however, it appears that Meta is pursuing projects in the world of augmented reality. If you don’t know the difference between VR and AR it’s more or less the degree to which one is immersed in technology. AR uses a real-world setting while VR is completely virtual. Moreover, AR users can control their presence in the real world; VR users are controlled by the system. Facebook began to hint at the companies future in AR at its February event – showcasing artificial intelligences role in the company’s future and a planned release of anew eyeglasses with the the ability to overlay information on the world a user sees around them. The timeline seems to be to have the glasses by created by 2024, however, it could likely take much longer. What do you think about Meta’s push into AR? And will it be successful?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.