ServiceNow (NOW) CEO Bill McDermott has seen a few technology investment cycles in his career and is confident that Mark Zuckerberg’s metaverse has a place in the future of life.

“I think there is a real place in the world for the metaverse,” McDermott said on Yahoo Finance Live (video above). “It’s real. But even if you spend time in the metaverse, you always have to go back to Earth, where the real people live, and really execute your business plan.”

McDermott, who previously served as CEO of SAP for a long time, explained that the metaverse will be useful in driving business and consumer spending.

“You will always see this interdependence between a metaverse world and the real world, where business is conducted,” McDermott added. “And that’s where we come in. We both play…