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Don’t rush, Metaverse is not here yet

Don’t rush, Metaverse is not here yet

Blockchain, Crypto, NFT, Defi, and lastly Metaverse are today's trending topics among tech industries. Metaverse is a new trending topic that led Facebook to change its name to Meta and it is predicted to reach $800 billion by 2026. But what is exactly Metaverse?

Metaverse is not a new concept. It has been here for more than a decade. Products like Google Glass, Oculus Rift, and Playstation VR all can be tools to navigate you to a digital world, now called the Metaverse. However, the problem has been the tools with which users could interact. Now, companies like Meta (previously known as Facebook) are trying to build more user-friendly and cheaper gadgets to enable us to have a pleasant natural experience.

Consider the first generation of the Apple iPhone or Microsoft’s first tablet. They needed more advances in technology to be able to deliver a high-quality user experience. These advances occurred in tough screens, hardware, memory, internet speed, and of course software that leads to today’s vast digital adoption. The same can be applied to Metaverse.

During a conversation between Lex Fridman and Mark Zuckerburg, Zuckerburg mentioned that for us to have a seamless Metaverse experience, visual is not enough (headsets). But we also need tools to deliver the sensation of a fully digital world that can happen through digital gloves. Some others are developing ultrasonic waves that can simulate the touch of surfaces. And an increasing number of innovative products are being developed.

What is the message for businesses?
At this moment, if you are not a high-tech company, there is not much to do. Because movies like fully digital environments where people wear special clothes and enter a digital world have a long way to go before they are fully developed. Experts say that 5 years from now, somewhere around 2027, we can expect user-friendly technologies that will change our world more than ever.

At Marketgram, we have successfully transformed several businesses in different industries. Using our market analysis expertise, we can develop a transformation strategy that aligns with the resources and takes advantage of market gaps and opportunities. Such a strategy can lead to rapid growth and faster adoption.
You can always contact us using the Contact Us section on the website and our experts will do the rest as soon as possible.