Metaverse: A lot is made of “Metaverse”. Here’s a look at the hype to understand the technical twist

We will surely see a vast amount of unjust innovation on this journey, encompassing identity theft, fraud, religious and political polarization, and exploitation.

summary

The wide range of Metaverse solutions includes hardware such as displays, sensors, smart glasses and headsets, software tools for programming and asset creation, technologies, virtual platforms and marketplaces. Grand View Research estimates the global market size at US$47.5 billion in 2022 and growing to US$679 billion by 2030 at a CAGR of 39.4%.

Ever since Facebook changed its company name to Meta, possibly to transform a social media company into a futuristic tech company, Metaverse has become a buzzword. Prominent Metaverse players include chipmakers AMD and Nvidia, 3D software maker Unity Technologies, content delivery player Cloudflare, data center company Marvell Technology, platform and social media company Tencent Holdings, Epic Games and Microsoft. The market, however, perceived

THROUGH

Anil Nair

ET STAFF

6 minutes read, Last updated:

August 05, 2022 11:36 PM IST

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