![]() ![]() Meta also operates Facebook Reality Labs, a research division that develops cutting-edge technologies for augmented reality, haptics, and neural interfaces. Additonally, Meta purchased Horizon, a social VR platform that allows users to create and explore virtual worlds. In 2014, the company bought Oculus, a leading brand of virtual reality headsets and content. Meta had been dipping its toes into virtual reality ( VR) well before announcing its metaverse intentions. Today, Meta Platforms remains the world’s largest social media company and a pioneer of the contemporary metaverse conceptualization. Source: Aleem Zahid Khan / īack in October of 2021, Mark Zuckerberg made an important announcement that reoriented the established Facebook into Meta Platforms (NASDAQ: META) in order to be at the forefront of what we now consider to be the “metaverse.” If you are betting big on the metaverse, you better be buying these stocks on each and every dip. According to a report by Fortune Business Insights, the global metaverse market could reach $1.5 trillion by 2029, growing at a compound annual growth rate of 47.6%.įor investors who want to capitalize on this trend, here are three metaverse stocks that have a high potential to grow this year. This will usher in a huge market opportunity for both patient and nimble investors as the metaverse offers new ways of entertainment, education, communication, and commerce. Similar to the way in which language-based artificial intelligence ( AI) has changed the way people work, the metaverse is expected to change the way people interact with one another. It is not a single platform or technology, but rather a vast network of interconnected virtual worlds that span various domains and applications. The “metaverse” is a term that describes a shared virtual space where people from distant environments can interact, create, and consume digital content together. ![]()
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