The landscape for social metaverses

We always challenge traditional thinking – innovation creates evolution.​

Within the next two decades, mobile apps and collaboration platforms will be an integral partof different metaverses.

In October 2021, the Facebook Group changed its name to Meta, simultaneously launching the new concept of “Metaverse”. Today, it is clear that there will be multiple metaverses in multiple industries in both 2D and 3D.

The numbers:

400M

There are 400 million active Metaverse users

160

There are over 160 companies developing Metaverse as we speak

$1.528B

The Metaverse may be worth $1.528 billion by 2029

Metaverses

What is a
Metaverse?

The internet (the network) is a global computer network that provides a number of different information and communication facilities consisting of interconnected networks that use standardised communication protocols. A diverse group of apps, websites and platforms use this network to receive and send data (e.g. text, audio, images and video).

A metaverse is a superstructure in which you can access content/data from a number of different apps and platforms with just one log-in and using the same set of menus, buttons and features. Even though metaverse terminology is completely fresh, the rapid progress towards metaverses has been inevitable thanks to the huge variety of apps, websites and platforms in existence. In other words, those who were able to see this have all realised that it was only a matter of time before the Metaverse became a reality.