“The actual metaverse—the ability to work together, talk together and play together in a 3D environment—that’s here to stay,” said Dan Nord of the space technology firm Maxar.
But whether or not Apple can replicate the success of the iPhone with a gateway to the metaverse, those involved in creating the immersive 3D experiences say that with recent improvements in the technology—including the development of more-powerful extended reality chips and the wider rollout of 5G networks—it is only a matter of time before the floodgates open and the public at large rushes in.
The term also is used to refer to associated technologies needed to enable a fully immersive, 3D experience. And “metaverse” is often conflated with “Web3”: a movement to use blockchain, cryptocurrency and NFTs to give users more control over their digital assets. While the metaverse also embraces these technologies, its development is being driven by big companies bent on owning as big a piece of the new frontier as possible and profiting from it.
“Is that the metaverse? Who knows?” Luper said. “It’s a blend of an event and digital representation… where people are coming together to experience it together in their space.”
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