The concept of the “metaverse” has gained sizeable traction across various industries, with metaverse investment having reached a total of $120 billion as of 2022, and the value of the metaverse projected to reach $5 trillion in 2030, according to a McKinsey report.
Although still in its infancy, with industry leaders still uncertain of where it is headed, the technological concepts that are related to the industry given the name of the “metaverse” point towards a future where the internet would be an immersive simulation enabled by AI (Artificial Intelligence), VR (Virtual Reality), AR (Augmented Reality), and other innovations that blur the lines of human sensory perception.
