The metaverse is a shared virtual 3D world. which are interactive and collaborative It covers a range of technologies in the field of common spatial computing. Such technologies include interactive 3D graphics. Augmented Reality (“AR”) Virtual Reality (“VR”) Online Economy Multi-user games and more
Once viewed as science fiction, Metaverse is now seen as the future of games, entertainment, brands, e-commerce and enterprises. Any device can render immersive 3D experiences. Any computer (including PC or even iPhone) is considered capable of converting Metaverse.
With more and more companies from various industries With joining the Metaverse community, it is clear that the metaverse will sooner or later shape the future of the internet. as it offers significant investment opportunities in the years to come.
Plenty of Growth Opportunities for Metaverse Players
The global metaverse market size is expected to grow from $61.8 billion in 2022 to $426.9 billion by 2027 at a compound annual growth rate (“CAGR”) of 47.2% during the forecast period, according to MarketandMarkets.
The primary market for online game makers and gaming hardware could reach $400 billion by 2024, while the remainder of the business will come from live entertainment and social media. AR and VR games create a $413 billion primary market for online game makers. metaverse, as reported by Bloomberg Intelligence.
Hosted by the Khronos Group, the Metaverse Standards Forum was created with the aim of creating interoperability standards for the foreseeable metaverse. Participants in the Metaverse Standards Forum include some of the largest companies working in this area. From chip makers to game companies as well as standard-setting bodies such as the World Wide Web Consortium (W3C).
while major indices The world continues to fall steadily. As the Fed shifts its neutral stance to curb stubbornly high inflation, smart investors should keep an eye on companies such as: meta platform (meta – free report) , Microsoft (MSFT – free report) and roblox (R.B.L. – Free Report) which are poised to capitalize on the boom in the metaverse. These companies currently have Zacks as the #3 Rank (Hold). You can view today’s full list of Zacks #1 Rank (Strong Buy) stocks at this
Image Source: Zacks Investment Research
Meta aims to create economic opportunities in the Metaverse.
Facebook’s parent Meta Platform’s metaverse ambitions are well known. Parent Facebook is set to launch a new policy at the Metaverse Standards Forum to develop the metaverse as an autonomous commercial platform aimed at creating new economic opportunities. Such policies will help realize the necessity of a decentralized system and build public-private partnerships.
According to META, the metaverse will be worth $3 trillion by 2031. Major cities like Dubai, Seoul, and Taiwan are planning to capitalize on the metaverse’s growing popularity. Metaverse also presents new opportunities for creators to develop images. A new form of art and entertainment Build a more interactive relationship with your audience. and create new economic opportunities for themselves
Meta is investing heavily in AI technology that will help establish the metaverse as a commercial virtual reality independent of the real world. Meta just unveiled its first high-end virtual reality headset, Meta Quest Pro, at Meta Connect.
Meta cooperates with Nvidia (night – free report) to build an AI research supercomputer by helping META AI researchers create the various AI models needed to build the metaverse. Sell Virtual Content
Zacks’ consensus estimate for current year earnings has remained steady at $8.96 per share over the past 30 days.
Microsoft paves way for Metaverse through Teams, Gaming
Microsoft aims to be the go-to software provider for the Metaverse. In building the metaverse, Meta Platforms has partnered with Microsoft co-founders of the PyTorch Foundation to bring new productivity and productivity tools to Meta Quest Pro, and Meta Quest 2 is coming next year, which includes apps like Microsoft Windows 365 and Microsoft Teams, and the ability to join Teams meetings from within Meta Horizons Workrooms.
The company’s Mesh for Microsoft Teams can be considered a gateway to the metaverse and is used on standard laptops or smartphones. The first step most Mesh for Teams users will take is to join a standard Teams meeting on their avatar. instead of still images or videos. Organizations can also create virtual spaces – metaverses – within Teams.
Microsoft is set to acquire Activision Blizzard for $68.7 billion in all cash to enter the competitive gaming world in the metaverse. word and gives the company expertise in claiming stakes in the multimillion-dollar metaverse market.
Microsoft’s Xbox gaming system could also be used to give users access to the metaverse.
Zacks’ consensus estimate for current year earnings has remained steady at $9.54 per share over the past 30 days.
The Roblox Metaverse has made its mark amid growing competition.
In a virtual world independent of AR and VR technology, Roblox Metaverse is the first newcomer to Metaverse. It has all the basic features that audiences have come to expect from Metaverse, from a surreal virtual experience to a cryptocurrency-based economy.
The Roblox metaverse can be accessed on smartphones and other mobile devices without the need for a VR headset, so it’s more accessible and fun to play with. The highest grossing games with millions of views are: Blox Fruits, Shindo Life, Pet Simulator X, Sonic Speed Simulator, King Legacy, Gacha Online and lifttopia.
Roblox Studio is a proprietary tool. This allows creators to create virtual worlds and games. These creators are also allowed to publish purchasable in-game items. All users are allowed to purchase in-game items, but only a few Roblox Metaverse members are allowed to sell those items through premium memberships.
Activities such as concerts and ceremonies Forming the core of the Metaverse Roblox economy, Metaverse aims to host events appropriate to its user base, which consists mostly of children under 16. These activities may have different purposes, such as brand endorsement and fundraising.
Celebrities and rappers like Lil Nas X and David Guetta have already held concerts for the Roblox Metaverse.
Among other things, RBLX has its own digital currency, Robux, which has more than 50 million daily active users.
Zacks’ consensus estimate for Roblox’s current year earnings remains flat, with a loss of $1.58 per share over the past 30 days.