BIG READ: The metaverse: welcome to the next frontier

BIG READ: The metaverse: welcome to the next frontier

2021-12-07 07:53:00 AM

BIG READ: The metaverse: welcome to the next frontier

People will be creating digital avatars of themselves to explore the online world, and each other

Monique VerduynAn embodied internet where you’re in the experience, not just looking at it — that is how Mark Zuckerberg described the metaverse in his founder’s letter of October 28 2021. That same day Facebook changed its corporate name to Meta as part of a major rebrand. Since then everyone and their dog are talking about the metaverse. But what is it?

The metaverse does not exist, at least not yet. But we have been visiting so-called metaverses for decades. The term was coined in Neal Stephenson’s 1992 cyberpunk novel, Snow Crash, which paints a bleak, dystopian future dominated by technology. The world is run by mega conglomerates and inequality is extreme. How disappointingly familiar that sounds...

BPremiumThis article is reserved for our subscribers.A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily. headtopics.com

4 changes coming to WhatsApp

Read more: Business Day »

Bongani Baloyi joins ActionSA

The party made the announcement during a press briefing on Monday. Read more >>

FREE TO READ | 2021 Supplier Development Awards reportSPONSORED | Browse through our benchmark report for the Absa Business Day Supplier Development Awards BDSupplierDev, which provides valuable insights into supplier development trends in SA.

Football needs intellectual capital, not big names | CitypressClub bosses must look beyond reputation when appointing managers, writes Muhammad Hussain. Repeat that Football is a very, very simple game. On a daily basis, game after game, I get surprised when coaches, managers, technical teams and owners try to complicate it. Simple: earliest/delayed pass to free/marked nearest man, mix your approach: short/long passes,score goals. Win.

Gambian President Barrow takes big lead as opposition rejects early election resultsAdama Barrow’s first term was marked by the pandemic that damaged the tourism-reliant economy

NYSE announces major overhaul of Big Board managementLynn Martin becomes the third woman to lead the New York Stock Exchange after Stacey Cunningham steps down 68th President.....Hail to the President.

Union federation boss targets tech industry as US labour’s next frontierGrouping comprising 12.5-million workers wants to enable more organizing under her leadership, says Liz Shuler