Technology zoomed ahead in 2020 and 2021, spurred in large part by the global pandemic. Companies embraced digital transformation and AI, driven by a need to connect remote workers, improve efficiency, and offer new online services. This surge of adoption has also added renewed focus on a variety of technologies including augmented and virtual reality, blockchain, and the rollout of 5G communication networks. We have indeed entered an age of acceleration.
In turn, these developments are leading to new innovations such as the metaverse. First envisioned in the 1990s, the same underlying technologies to make the metaverse concept a fully immersive and seamless experience are now approaching maturity. Over the next several years and certainly by the end of the decade, the metaverse will be very much a regular part of our digital lives.