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Metaverse Make or Break Moment in 2023: Can It Change Our Lives?

Posted on 22. Februar 2023 in Allgemein

• Globant, a Luxembourg-based tech giant, has referred to the short-term future of the metaverse in its latest Tech Trends report.
• According to the company, 2023 is the year for the metaverse to “burn bright or burn out” as market needs practical applications.
• Companies like Meta have already invested billions of dollars in this field and will open doors for reduced costs and lower barriers to entry.

Tech Giant Believes Metaverse Will Make or Break in 2023

Globant, a Luxembourg-based tech giant with Argentine origins, has referred to the short-term future of the metaverse in its latest Tech Trends report. According to the company, this year the metaverse will „burn bright or burn out,“ as it needs to show its potential when compared to other trendsetting tech such as artificial intelligence.

What Is The Metaverse?

The metaverse is a virtual world that functions similarly to our own physical world; it is made up of 3D digital environments which users can explore and navigate through digitally. It can be used for social interaction, gaming, shopping, entertainment and more.

Companies Investing In The Technology

Major players in the metaverse space such as Meta are pushing towards a viable product in 2023 which could open doors for reduced costs and lower barriers to entry allowing technology to reach more businesses and impact people’s lives worldwide.

Potential Impacts On People’s Lives

For Globant, technology behind the metaverse has potential of impacting people’s lives positively by acting as an enabler for various industries increasing usage of the metaverse for employee training, education and other activities where simulation can improve experiences.

Conclusion

The metaverse is still in its initial stages but according recent developments such implementation of VR headsets directed at mainstream audiences, significant progress has been achieved indicating mass adoption might be closer than we think.