The metaverse could generate $3 trillion for the economy by 2031

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If it catches on like mobile phones did.

The metaverse was a hot topic of discussion last year as Mark Zuckerberg decided to change the focus of his social media company, Facebook. As months have passed, public interest in the space has declined, but businesses continue to invest their time and money into it. The report is likely to be a validation of the latter. The 45-page report, authored by two of the Analysis Group's experts in its U.S.

The authors admit that there is a wide range of technical and policy challenges in the path to this realization. Many pieces need to be brought together to make metaverse a possibility in the near future. Stay ahead with the latest science, technology and innovation news, for free:

 

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