Companies Chasing the Metaverse Dream Include Epic Games, Microsoft and Amazon

Published January 5, 2022

Today, the world has reached outstanding heights because of technological developments. The digital world is expanding & enhancing at an unimaginable rate. Virtual reality is also known as VR, introducing many of the best experiences in the history of mankind.

Thousands of companies stretched globally are making an effort to make the metaverse a reality. To attain perfection & reach the masses, metaverse will impose enough time and effort. Having said that, the new up-gradation in technology makes things appear easy to achieve!

What is Metaverse?

Metaverse is a term that refers to a virtual environment generated with exceptional virtual technology that people can reside in. The upcoming phase of the Internet is ‘Metaverse‘. In the future, the internet domain will be linked with virtual spaces, thereby offering a 3D virtual experience to its users. Several big tech giants are chasing this future technology, intending to be recognized as the best virtual companies globally. 

NFTs & Assets into Metaverse

Digital Assets & NFTs such as Ethereum, Cryptocurrencies, etc., & games such as Minecraft, virtual conferencing, etc., are all chasing the metaverse dream. The ever-growing digital world with extended cyberspace is expected to witness a technological revolution very soon. Metaverse will form the base of this revolution thereby promoting Virtual and Augmented Reality to a new stage.

Companies who’re chasing the Metaverse Dream

  • Roblox

Famous American video gaming firm – Roblox Corporation anticipates the theory of metaverse as a boon. Metaverse will offer people millions of 3D experiences to learn, work, play, create and converse. Roblox aims to help the users and developers with innumerable schemes to create & live in digital worlds. Recently, David Baszucki – Roblox’s CEO announced that his company aspires to create future shopping and business experiences on metaverse.

  • Microsoft

Microsoft Corp is also chasing the world of the metaverse. The company’s CEO Satya Nadella has recently claimed to be designing an ‘enterprise metaverse’ which would merge the physical and digital worlds.

  • Facebook

Facebook joins the chase of being recognized as one of the best virtual companies shortly. This is crystal as this social media giant has recently changed its name from Facebook Platforms Inc. to Meta Platforms Inc. Facebook stands to be one of the most admired investors in the spaces of upgraded virtual reality. It is exploring daily to build a metaverse out of its VR environment Horizon.

  • Autodesk

The cloud software company – Autodesk (based in California, US) has already initiated the creation of programs that could be used by engineers in designing and producing buildings and products. Autodesk Inc. generated software can be implemented to initiate virtual world experiences for games and other entertainment objectives.

  • Tencent

Tencent – the world’s largest video gaming company by revenue; has investments in major game firms like Epic Games and Activision Blizzard. This firm had already made several metaverse-related trademarks for its social site QQ.

  • Epic Games

Epic Games has pounded ahead of normal shooting games by offering its users social experiences such as virtual dance parties and virtual music concerts. Tim Sweeney – Founder of Epic Games has claimed that metaverse needs to stand as a participatory, common space.

  • Amazon

The world’s largest cloud services assistant and the owner of the ideal eCommerce website, Amazon.com, Inc is enhancing terms of its media offerings. Moreover, the company is espied as a talented player in the metaverse.

  • OneRare

OneRare is an Indian company which was inaugurated in March 2021. This New Delhi-based firm has been successful in launching its first play-to-earn game designed as a food metaverse game on 0xPolygon.

  • Cope.Studio

Cope.Studio is another Indian-based firm that is chasing the metaverse dream. This is a product studio focusing on deep technology. It’s developed on a platform for repeatable creation and extension of successful products. This Bengaluru-based company aspires to combine design, product support, and capital to generate advanced Metaverse into category-defining companies.

Final Thoughts 

Metaverse is no longer a dream! Many companies are already using this technology. With every passing day, the real world is getting more virtual due to this technology. Several firms will be employed through this technology thereby experiencing a wonder. Every single technology has both positives & negatives, and for Metaverse, one can answer them all when it comes to reality.

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