Key takeaways
• Businesses have reservations about the metaverse because it is still in its infancy, but understanding and leveraging it will reap benefits.
• The metaverse has three key elements: a social aspect, virtual worlds, and novel technologies.
• The metaverse will grow in relevance as an extension of our physical experiences.
The value of the metaverse could go up as high as USD 5 trillion by the year 2030.¹
5 myths about the metaverse
Myth #1: It is undefinable
The metaverse is a network of 3D virtual worlds where people can meet.
Myth #2: It replaces physical experiences
The metaverse is only an extension of real-life experiences.
Myth #3: It is a fad
Millennials, Gen Z are early adopters. Tech giants continue to invest.
Myth #4: It is only for gaming
The metaverse impacts other industries, from the workplace to education.
Myth #5: It signals a dystopia
It can be a tool for a brighter future.