The metaverse cannot be disregarded, given its market value is projected to reach $758.6 million by 2027. Companies are vying with one another to develop the “operating systems” of the metaverse and its platforms.

The metaverse is today’s buzzword in the tech sector. In one word, it describes the collective future versions of the internet, an extremely immersive experience for internet users — likely to go beyond the two-dimensional experience of browsing, working, viewing, socializing, and interacting. The metaverse cannot be disregarded, given its market value is projected to reach $758.6 million by 2027. Companies are vying with one another to develop the “operating systems” of the metaverse and its platforms.  The core of the metaverse will be interoperable and immersive — shared virtual ecosystems accessed by user-controlled avatars. Two key architectural qualities needed to make the metaverse a reality are low latency connectivity and computational power, while ultra-flexible experience management will underpin the commercial models that will arise.  Along with these, the metaverse comes with certain structural challenges, which need to be addressed for it to succeed. 

source: https://yourstory.com/the-decrypting-story/expert-opinion-metaverse-pitfalls-ar-vr-immersive-experience-web3

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