Depending on who you ask, the metaverse involves some form of virtual or augmented reality designed to bring users into the digital realm, where they can connect with other people for a variety of purposes, be it for entertainment or commerce.

Although the final form of this new technology is not fully developed, estimates of its potential value vary widely. Bloomberg Intelligence believes the opportunity could be worth $800 billion by 2024 and, based on a 13.1% annual growth rate, could double to $1.6 trillion by 2030.

metaplatforms (GOAL 1.44%) Y Nap (NAP -0.50%) are two leading developers of the metaverse, each approaching it from different angles. Here’s why having both could be a great long-term bet.

Billionaire Meta…