Home Metaverse Metaverse adoption reaches a new milestone, says report

Metaverse adoption reaches a new milestone, says report

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Metaverse adoption reaches a new milestone, says report

Source: news.google.com

The term metaverse continues to generate headlines, with over 60% of people seeing it in their everyday lives. But obstacles remain to its further adoption.

Last year, the metaverse witnessed significant traction as global corporations scrambled to capitalize on its popularity.

The metaverse became Mark Zuckerberg’s pet project; the Facebook boss even went so far as to change the name of the company to Meta. However, his over-enthusiasm ultimately contributed to the company’s stock value plummeting.

But despite this, reports claim that its value will likely reach a staggering $5 trillion by 2030.

During the pandemic, many people experienced the loneliness caused by social distancing and lockdowns. And although for most the pandemic is a thing of the past, social interaction still remains…

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