


Major corporations will play a huge role in the evolution of the metaverse, which leads to the question: Will they introduce the same privacy and data-protection problems that plague the current internet? This patent would allow the media giant to superimpose digital content on real-world environments, bypassing the need for VR/AR glasses or helmets.
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Microsoft is launching tools to create immersive spaces with augmented and virtual reality.Apple is getting ready to debut its first virtual reality (VR) headset followed by their first augmented reality (AR) wearable.Nvidia, the graphics processing unit designer, believes the metaverse will be a massive opportunity for the company’s hardware and software business.Epic Games is already making billions of dollars with Fortnite, a popular protometaverse where millions of players from around the world gather together in a virtual world to play games, chill, and attend concerts.Disney was awarded the patent in late December 2021 for a technology capable of tracking mobile devices to create personalized 3D-projected overlays on physical spaces. The entire metaverse industry is expected to grow at a compound annual growth rate of 13.1 percent during the next few years, and its growth will accelerate as it becomes more accessible.Įpic Games CEO Tim Sweeney sees the metaverse as a potential “multi-trillion-dollar part of the world economy,” which, like the internet as we know it today, would not be owned by any specific corporation.Ĭurrently, the buzz around the metaverse is, to a large extent, generated by some of the biggest tech players entering the space:

New Internet, Same Centralized Problems Regardless of the specific shape it will have, the concept of the metaverse will play an important role in the future. This clash of visions is yet another example of how different the interests of major corporations and people who use their products and services can be. This corporate entity would likely stand on a different foundation than the metaverse so many other players in this space have been working on for years. Meta’s metaverse cost $10 billion this year alone in development. Indeed, when Facebook rebranded to Meta in October 2021 at the company’s annual Connect Conference, the multibillion dollar social behemoth established itself-at least in the minds of many casual observers-as the leading architect of the metaverse, the next version of the internet that allows users to immerse themselves in real-time rendered 3D virtual worlds. When you ask someone what the metaverse is, you can expect to hear something like, “It’s the project Facebook … I mean … Meta is working on.”
