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ARTICLE · 25 JANUARY 2023

Metaverse As A Business

Noting that the metaverse will not be built overnight by a single company, Meta said that many of the products to be designed for Meta's concept will only be fully realized within the next 10-15 years.

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In 10 years you won't go to meetings – you'll digitally teleport to them.
Meta Founder, Mark Zuckerberg (March 2021)

Noting that the metaverse will not be built overnight by a single company, Meta said that many of the products to be designed for Meta's concept will only be fully realized within the next 10-15 years. But Meta founder Mark Zuckerberg is promising to spend $10 billion a year on the metaverse over the next ten years as other major tech groups chase after him. He claims that in that time, the metaverse will reach one billion people, hosting hundreds of billions of dollars in digital commerce.

In January, Microsoft acquired gaming company Activision, considered one of the world's largest developers and publishers of video games, in a $75 billion deal to provide the building blocks for the metaverse. Microsoft's CEO Satya Nadella said that we will soon be sitting at a conference room table, either with our avatars or our holograms. But how do we adapt

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