Get ready for the metaverse.
Defined as a combination of multiple elements of technology, including virtual reality, augmented reality and video where users ‘live’ within a digital universe, supporters of the metaverse envision its users working, playing and staying connected with friends through everything from concerts and conferences to virtual trips around to the world, says USA Today.
While it may take years before the metaverse goes mainstream, if it can eventually deliver on its potential, its impact on the world, and on investors could be significant.
Better, according to analysts at Emergen Research, the metaverse market could be worth up to $828.95 billion by 2028. Even analysts at Bloomberg Intelligence says it could reach $800 billion by 2024. In short, we could be looking at a massive game-changing market here.
One way to invest in its potential is with Meta Platforms (FB).
Meta Platforms may be one of the top ways to trade metaverse potential – as it invests about $10 billion in its development.
According to the company, “The metaverse will feel like a hybrid of today’s online social experiences, sometimes expanded into three dimensions or projected into the physical world. It will let you share immersive experiences with other people even when you can’t be together — and do things together you couldn’t do in the physical world. It’s the next evolution in a long line of social technologies, and it’s ushering in a new chapter for our company.”
With a clear vision of what it wants to create, Meta could make investors a good deal of money with its development.