Meta believes that a billion people will be participating in the metaverse by 2030, despite the concept feeling very nebulous at the moment.
Meta believes that a billion people will be participating in the metaverse within the next decade, despite the concept feeling very nebulous at the moment. CEO Mark Zuckerberg spoke with CNBC’s Jim Cramer on a recent broadcast of Mad Money and went on to say that purchases of metaverse digital content would bring in hundreds of billions of dollars for the company by 2030. This would quickly reverse the growing deficit of Meta’s Reality Labs, which has already invested billions into researching and developing VR and AR hardware and software. Currently, this sounds like a stretch given that only a small percentage of the population owns virtual reality hardware and few dedicated augmented reality devices have been released from major manufacturers. Apple and Google have each developed AR solutions for smartphones and Meta has admitted that the metaverse won’t require special hardware in order to access it.
