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- Mainstream companies are slowly making their way into the metaverse.
- Global metaverse market is expected to become a $13 Trillion industry.
The metaverse is slowly spreading its roots throughout several industries globally. While a handful of companies are experimenting with this evolving technology, some of them have entirely shifted their focus towards metaverse. Several people believe that the term is associated with the crypto sector, they are not entirely wrong as metaverse games use virtual assets holding IRL value to boost their digital economy.
However, companies operating outside the cryptosphere have revealed that some of their aspects are associated with the metaverse. We will shed light on some of these tech titans currently working on virtual spaces.
Apple Inc. (NASDAQ: AAPL)
The company that gave products like iPhone, iPod, Macbook, and more to the world, revealed that they are working on virtual reality (VR) headsets. They were supposed to launch the headgear in 2022 during Worldwide Developers Conference (WWDC), but delayed the launch due to some technical glitches.
Apple is among the leading companies which experts believe will grow substantially in the metaverse. According to the data, the organization has over 1.5 Billion active iPhone users globally. Though there is no exact date to when they are going to launch their VR headgear, it is anticipated to launch at some point in 2023.
Nvidia (NASDAQ: NVDA)
The graphics processing unit (GPU) king has a special place in the hearts of gamers across the globe. Their GTX and RTX series are generally preferred by individuals playing high end games like God of War: Ragnarok, Battlefield 2042, Need For Speed: Heat and more.
Nvidia has its own metaverse platform dubbed Omniverse Cloud. Users can collaborate over different projects to develop metaverse applications. They are also developing an Earth’s digital twin to accurately forecast weather, specifically in regions prone to extreme climatic conditions.
Meta Platforms Inc.
Social media has become an integral part of people’s lives. Started as Facebook in February 2004, the organization is currently focusing on metaverse after Mark Zuckerberg, the company CEO, retitled the name to Meta during Meta Connect in 2021. He believes the metaverse will completely change the internet and our lives as we experience them now.
However, their metaverse platform, Horizon Worlds, has failed to onboard the desired number of users, probably due to poor graphics. Data shows that the company has lost over 70% of its valuations since Zuck Bucks started an alternate spending pipeline to fund Reality Labs, their research and development arm.
These are among the few metaverse stocks trying to cement their positions in virtual spaces. However tech giants like Microsoft, Unity Technologies, Sony, Roblox and more are also taking initiatives to cover the track in this race.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
