Decoding Metaverse :What is it and why is there so much hype about it?

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Decoding Metaverse :What is it and why is there so much hype about it?

While recently addressing the company employees, Facebook CEO Mark Zuckerberg talked about building a maximalist, interconnected set of experiences for the future. Zuckerberg discussed the potential of a metaverse - a collective virtual shared space - in which many people can interact with each other and digital objects while operating virtual representations.

  • In May, Microsoft CEO Satya Nadella said that the firm was working to build an “enterprise metaverse.” In April, Epic Games raised US$1 billion to fund its metaverse plans. Nvidia and Roblox are also in the fray and have metaverse on their agenda.
  • The concept of metaverse is an interesting one, but it is unclear how a single avatar could move between them as different companies offer different devices.
  • we all could explore the interactive virtual reality world, replete with games, adventures, shopping, and other offerings. Not to forget, companies could make a good amount of money from apps through subscription services, shopping carts and advertising.

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