What was once an abstract, esoteric concept is quickly becoming big business as companies jockey for position in the metaverse. When Facebook earlier this year said it would change its corporate name to Meta, it may have shed light on a virtual world many companies were already building.
In its broadest sense, metaverse is seen as a replacement to the mobile internet and a platform where people (represented by avatars) can interact, play, exchange goods and services and otherwise live life within the digital universe. This ecosystem of virtual reality will be supported by many multinational companies hoping to ride the next social wave.
CRN looks at five companies building the metaverse.