Technology

Mark Zuckerberg ‘could become the leader of the virtual world’ as 5 BILLION people are expected to enter the Metaverse by 2030

BILLIONS of people are expected to be using the Mark Zuckerberg-led Metaverse by 2030.

37-year-old Zuckerberg, who is the main engineer at the forefront of this huge idea, could lead about 5 billion users to the new virtual world.

Facebook founder Mark Zuckerberg

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Facebook founder Mark ZuckerbergCredit: AP

The Metaverse is a growing digital space filled with virtual and augmented reality where we could one day work, socialize, and play.

We’ve already seen a lot of things from the real world, including restaurants, casinos, and even the Metaverse’s own fashion week.

Billionaire Zuckerberg is betting his company’s future on the metaverse, but is keen to turn it into a collaborative project, which he calls the “embodied Internet.”

Not only do experts expect people to flock to the platform, they predict it will be a multi-trillion dollar part of the global economy.

Accordingly citycould be an $8 trillion (£6.1 trillion) to $13 trillion (£9.9 trillion) opportunity in eight years.

But it will require massive investments to reach this stage.

“We believe that the Metaverse could be the next generation of the internet – combining the physical and digital worlds in a persistent and immersive way – and not just a virtual reality world,” the report states.

“A device-independent metaverse that can be accessed across PCs, game consoles, and smartphones could lead to a very large ecosystem.”

Experts also warn that the Metaverse “will draw a lot of attention from global regulators and policymakers,” citing content moderation, free speech and privacy as some of the major concerns.

They also say that money could exist in different forms in the metaverse.

This could range from in-game tokens and stablecoins to central bank digital currencies (CBDCs) and cryptocurrencies.

“In addition, digital assets and NFTsin the metaverse will allow users/owners sovereign ownership and will be tradable, composable, immutable, and mostly interoperable,” the report reads.

Meta already has its own Metaverse destination, Horizon Worlds.

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Meta already has its own Metaverse destination, Horizon Worlds.Photo credit: Meta
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https://www.thesun.ie/tech/8593126/mark-zuckerberg-metaverse-5-billion-people-2030/ Mark Zuckerberg ‘could become the leader of the virtual world’ as 5 BILLION people are expected to enter the Metaverse by 2030

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