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Sept. 15, 2022, 3:31 a.m. EDT

The Metaverse Race

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New York, NY, Sep 15, 2022 (News Direct via Comtex) -- --News Direct--

By 2024 alone, the market size for the Metaverse is expected to reach $800 billion. Tech giants are investing heavily in creating their digital worlds, with their versions of virtual realities seeming to be quite different from one another. Although this new kind of reality is likely still a long way away, it’s clear that the internet of the future will be far more immersive than that of the past.

Some giants like Alphabet. Inc /zigman2/quotes/205453964/composite GOOG -1.23% -owned Google and Apple Inc /zigman2/quotes/202934861/composite AAPL -1.96% are being quiet despite signs that they have been working on creating their own virtual reality world for decades. But then again, the iPhone maker’s strategy was always to keep its products low profile until they reached the final development stage, so many surprises could easily be on the horizon.

Google

Google’s first try at creating a more immersive experience backfired back in 2014 with its smart glasses. Its next attempt will be the AR headsets, internally codenamed “Project Iris”, and they are expected to be released in 2024.

But more importantly, it seems the hard work done on Maps will finally pay off as they create the perfect base for building the Metaverse. According to Google Maps Experiences vice-president Miriam Daniel, an “immersive view” will use AI with Street View images to create a detailed digital model of the world. According to Verge, Google invested $39.8 million in a private equity fund designated for metaverse projects.

Meta

Meta Platforms Inc /zigman2/quotes/205064656/composite META -0.74% is aiming to create an entirely new version of the world where we practically live digitally. Its prototype, Horizon Worlds, is an online virtual reality with an integrated game creation system so gamers can create their world. The platform will also be introduced to companies and working professionals who can access it via its hardware platform Oculus that Meta acquired for $2 billion in 2014.

The main issue that the company is dragging since before its name change is the lack of protection from harmful content, along with clumsy aesthetics, frequently ill-designed controls, as well as centralization issues. Like Amazon /zigman2/quotes/210331248/composite AMZN -0.76% and Google, Meta is risking going down the same path in attempting to build an entirely new experience without the pedigree to back it up.

In February, the company revealed Horizon Worlds and Horizon Venues gathered a monthly userbase of 300,000 people and resulted in the creation of 10,000 different worlds. Although these figures show rapid growth, it is behind its competitors, such as Roblox /zigman2/quotes/223883423/composite RBLX -0.75% . Zuckerberg revealed that Meta is expanding its NFT test on Instagram with Facebook following shortly.

Microsoft’s future just got a major edit.

Unlike Meta, Microsoft Corporation /zigman2/quotes/207732364/composite MSFT -0.04% already has a legacy in modern gaming to rely on, as this thriving community is considered to be the entry point to the metaverse. With Xbox and recent strategic acquisitions, Microsoft both created and supported some of the world’s most iconic games, but with the acquisition of Activision Blizzard Inc /zigman2/quotes/200717283/composite ATVI -4.07% , it literally has everything it needs to create entertaining immersive experiences that will certainly shape our future.

Platform-wise, Microsoft is developing Microsoft Mesh with its main focus being on creating a Metaverse version of the work environment. Therefore, Microsoft’s Metaverse will be simply an extension of its strong portfolio of applications that this new world can be built on.

Fortnight is much more than an online virtual game

Epic already made an epic win against Apple, challenging its tight control of the App Store that limited theways game developers can make money from their creations. In other words, despite its size, Epic reserved a place at the Big Tech table.

Partially owned by Tencent Holdings Limited and Sony Group Corporation /zigman2/quotes/208567357/composite SONY +0.84% , Epic Games has gone all in to bring the Fortnite Metaverse into reality. Battle Royale game has characters from all possible universes with collaborations ranging from singers and actors to video games and superheroes.

Samsung is also working on making Fortnite’s metaverse the best there is. After launching virtual worlds in Decentraland, ZEPETO, and Roblox earlier this year, Samsung announced the release of its Fortnite Metaverse island called “Smart City”, aimed at celebrating the launch of its latest phones, the Galaxy Z Fold 4 and Galaxy Z Flip 4.

The importance of staying vigilant

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$ 97.60
-1.22 -1.23%
Volume: 8.57M
Nov. 25, 2022 1:00p
P/E Ratio
19.64
Dividend Yield
N/A
Market Cap
$1262.28 billion
Rev. per Employee
$1.79M
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 148.11
-2.96 -1.96%
Volume: 35.20M
Nov. 25, 2022 1:00p
P/E Ratio
24.27
Dividend Yield
0.62%
Market Cap
$2356.15 billion
Rev. per Employee
$2.40M
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 111.41
-0.83 -0.74%
Volume: 12.01M
Nov. 25, 2022 1:00p
P/E Ratio
10.61
Dividend Yield
N/A
Market Cap
$295.42 billion
Rev. per Employee
$1.64M
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 93.41
-0.72 -0.76%
Volume: 35.09M
Nov. 25, 2022 1:00p
P/E Ratio
85.78
Dividend Yield
N/A
Market Cap
$952.94 billion
Rev. per Employee
$312,308
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/zigman2/quotes/223883423/composite
US : U.S.: NYSE
$ 31.76
-0.24 -0.75%
Volume: 4.05M
Nov. 25, 2022 1:10p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$19.08 billion
Rev. per Employee
N/A
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 247.49
-0.09 -0.04%
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Nov. 25, 2022 1:00p
P/E Ratio
26.67
Dividend Yield
1.10%
Market Cap
$1844.91 billion
Rev. per Employee
$918,891
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/zigman2/quotes/200717283/composite
US : U.S.: Nasdaq
$ 73.47
-3.12 -4.07%
Volume: 9.18M
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P/E Ratio
34.49
Dividend Yield
0.64%
Market Cap
$57.50 billion
Rev. per Employee
$750,714
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/zigman2/quotes/208567357/composite
US : U.S.: NYSE
$ 82.89
+0.69 +0.84%
Volume: 416,862
Nov. 25, 2022 1:10p
P/E Ratio
13.63
Dividend Yield
0.47%
Market Cap
$103.32 billion
Rev. per Employee
$769,661
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