What is the Metaverse 2022?

Flash forward to 2022, and a new iteration of the web has left businesses asking: “What is the metaverse?” Albert Einstein said, “If you can’t explain it to a 6-year-old, you don’t understand it yourself.” Everyone is throwing around the words "metaverse" and "Web3," but what are they exactly? The metaverse is simply the next phase of the internet.

What is the Metaverse & what will it become?

The metaverse is described as the inevitable evolution of the internet. But what exactly is the metaverse, and what will it become? Learn what businesses need to know now. Imagine a virtual world where billions of people live, work, shop, learn and interact with each other -- all from the comfort of their couches in the physical world.

How big will the Metaverse be by 2030?

According to a recent Citi report, "The total addressable market for the Metaverse could be between $8 trillion and $13 trillion by 2030, with total Metaverse users numbering around five billion” (pg. 3). The metaverse will be a game-changing shift to the operational challenges companies consistently face.

What is'metaverse' & how does it work?

Google Trends graph showing worldwide searches for ‘Metaverse’ since March 2017. Meta, formerly Facebook, is creating its own virtual reality Metaverse made up of 3D spaces to “socialize, learn, collaborate and play in ways that go beyond what we can imagine ”. Since then, various companies have followed, investing in the Metaverse.