07/09/2022
The contemporary idea of 'metaverse' of combining physical and digital world in a persistent and immersive manner which predominantly aims to make all the human interactions such as work , games , socialising possible on a graphically rich virtual landscape. METAVERSE is said to be the future of internet , it is also said to be next generation of internet as it lends massive amounts of verisimilitude to the whole concept of virtual reality.
Talking about the significant economic aspects of it, as metaverse enables the virtual meets without travel , more and more brands and marketers are leveraging metaverse for high traffic advertising. Business analysts sense tremendous potential in this whole idea of extended reality and according to recent studies, Citi says METAVERSE ECONOMY COULD BE WORTH $13 TRILLION by 2030 by boast of 5 billion users! Metaverse represents a potential
which ranges between $8 trillion to $13 trillion opportunity by 2030.
Apple CEO Tim Cook stated, "We're a company in the business of innovation; we have over 14,000 AR apps in the apple store the company sees a lot of potential in the space and is investing accordingly."
