Following Facebook’s rebranding to Meta Platforms in October last year, sparking the global virtual space race, Morgan Stanley soon announced that trading in the Metaverse would be the “next big investment theme.”

15 years ago, software as a service (SaaS) and the cloud triggered similar changes in the market. This caused the value of many companies to skyrocket while competition between verticals rapidly increased.

Today, companies are considering the meteoric rise of many new smart industries. The companies are also considering whether the Metaverse is a viable and sustainable platform for commerce and economic growth.

With a forecast revenue opportunity of $1 trillion in less than a decade, businesses need to start preparing for a future dominated by the metaverse.

The Metaverse is defined…