The metaverse is now considered to be the next big trend in the technology sector. Broadly speaking, the concept of a metaverse involves creating immersive experiences for users in virtual reality worlds or in some combination of physical and virtual worlds using technologies such as video, virtual reality (VR), and augmented reality (AR).
We are seeing many technology giants as well as newcomers racing to grab a share of this potentially huge market estimated to be worth $800 billion by 2024. Prominent among the early players is Meta Platforms (NASDAQ: FB), previously known as Facebook. The name change is a part of the rebranding exercise and highlights Meta’s commitment to this opportunity.
► The metaverse, explained: Everyone wants to own the metaverse including Facebook and Microsoft. But what exactly is it?
But there are also several other companies such as Unity Software
