With the metaverse expected to reach $800 billion in revenue through social media ads, as well as hardware, software and live entertainment opportunities over the next two years, there is a need for significant hardware improvements today for realistic visual experiences tomorrow.
The concept of living in a world that is digitally created has been portrayed in countless Hollywood films depicting people who want to escape reality and dive into an alternate universe. Until recently, this virtual world was commonly thought of as a vehicle for more immersive gaming experiences, but now the concept around a metaverse has evolved drastically into a massive opportunity for wealth — and companies are already starting to invest in it.
As the year 2021 came to a close, one letter written by then-Facebook, now Meta’s founder Mark Zuckerberg, sparked a worldwide conversation around the future of immersive technology and what is possible in the metaverse.