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The Metaverse what is it?
1. ENTER: THE METAVERSE
The metaverse will be disruptive to society once it reaches its full potential during the next
decade. However, numerous businesses may stand to gain a lot from the new digital economy.
The term "metaverse" probably entered the public language for the first time this year, when
Facebook founder Mark Zuckerberg extolled the promise of the digital world (and changed its
holding company name to Meta in a show of support). Microsoft has been talking a lot about the
metaverse and what role it will play in the future. The metaverse is an online universe that
encompasses augmented reality, virtual reality, and 3D avatars in its most basic form. The way
things are done is likely to alter radically as this world takes shape. The digitalization of
everything will create a new universe that we can all move in and out of. The metaverse may
be thought of as a new digital platform. It serves as a wrapper for other digital platforms, in our
opinion. It will not be a replacement for the internet, but rather a supplement to it.
This virtual world is predicted to alter not just how individuals interact with the actual world, but
also how we collaborate with one another.
"We're on our way to creating a metaverse. The goal excites me tremendously "Drew Houston,
the founder and CEO of Dropbox, recently said; "If you operate in that type of setting, or in the
metaverse, you need stuff, which is where Dropbox comes in. Dropbox may be able to assist
you with your digital content, and that is what we are working towards. It is extremely early in the
morning. It'll be a long journey, but it'll be thrilling."
Mr.Powell concedes that it's too early for investors to choose clear metaverse winners.
Investors, on the other hand, may start devising a strategy. Concentrate first on the hardware
required to transform the internet into the metaverse. Then consider the software that will build
and host it, as well as the companies that will create use cases for it," Powell continues.
2. The analyst identifies a number of possible metaverse winners, particularly in the social media
and gaming industries.
"Both Facebook (Meta) and Snap are working on devices to access the metaverse while also
having large social platforms. Roblox (RBLX) comes the closest to being a metaverse in its early
stages. TakeTwo (TTWO) presently has three games in development that might be considered
early stage metaverses. EA has a number of IPs that may be transformed into gated gardens
metaverses, including Skate, Sims, SimCity, and even its sports titles. With World of Warcraft in
its portfolio, Activision Blizzard (ATVI) is one of the earlier metaverse pioneers. Most of those
techniques used to develop a metaverse might be used by Call of Duty to better monetize and
engage consumers. Music will almost certainly play a part on the journey from here to there...
Warner Music Group (WMG) recognizes this and has invested in various start-ups that are
developing metaverse tools and platforms "Powell makes a point.