Add to CalendarThe internet and technology have enabled the creation of alternative realities and virtual worlds, allowing you to visit the moon, the Himalayas, and the depths of oceans without having to fly anywhere.
The next evolution of the internet and technology is set to be the Metaverse, which is a virtual world where we can live, work, play, and travel. Think virtual reality goggles and smart glasses, and using these technology products to escape the physical world. There is a lot of hype around the Metaverse, with many industry players saying it will impact how people interact with the physical and virtual worlds. And many businesses are banking everything on the Metaverse.
Facebook’s parent company, Meta, dabbled early in the Metaverse. It poured more than $10-billion in 2021 on different software and hardware platforms to build its virtual reality and Metaverse business. JP Morgan, HSBC, Gucci, and Coca-Cola have done the same. What is the Metaverse? Can the Metaverse transform our lives for the better or is it simply the latest example of an overhyped technology? What does it mean for consumers, businesses, and the universe of investment opportunities?
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