Is the metaverse a chimera? Patent filings say otherwise

Summary:

• LG has filed the most metaverse patents since 2016.
• US companies accounted for 57% of the patents applied for.
• Overall, 88% of the patents were filed by US, South Korean and Chinese companies.

Many critics of the metaverse seem to link the industry’s chances of success to what Mark Zuckerberg and Meta have accomplished so far. From his point of view, because the most important technology company on the metaverse seems to have a hard time reaching its goals, the metaverse is clearly a pipe dream.

Although others attribute their skepticism to the lack of a clear definition of the metaverse, it is generally described as a 3D virtual space where people can interact immersively through gaming, socializing, trading, and attending virtual concerts. Others see it as crucial to the next evolution of…