Is the Metaverse Really Going to Happen? Nvidia Is Betting Yes
Comment of the Day

November 05 2021

Commentary by Eoin Treacy

Is the Metaverse Really Going to Happen? Nvidia Is Betting Yes

This article from Bloomberg may be of interest to subscribers. Here is a section:

The company, now called Meta Platforms Inc., argues that millions of users are ready to adopt virtual reality technology — like its own headset — and live their lives in immersive online environments. That could mean attending a work meeting in a virtual boardroom, touring a digital factory or hanging out with far-flung friends in a simulated saloon. “The metaverse is the next frontier,” Chief Executive Officer Mark Zuckerberg declared.

For now, few people even have VR gear, and the metaverse concept would have to overcome concerns about privacy and — for some — a certain creepiness. But it has a big believer in one key corner: the largest maker of video-game chips, which says the metaverse is closer than we think and potentially the next gold mine for technology. 

The video-game boom set Nvidia Corp. on a path to become the world’s most richly valued chip company — overtaking the likes of Intel Corp. — and now it’s ready to remake the internet as a three-dimensional place. Rather than using the web to look at electronic pages, there will be a set of connected virtual worlds, according to Richard Kerris, an executive at the chipmaker whose career has included stints at Apple Inc. and Lucasfilm.

“You might not think you’ll be in the metaverse, but I promise in the next five years all of us will be in one way or another,” he said.

Eoin Treacy's view

The metaverse has captured the imagination of the mob over the last week. The fact it twins with the evolving trend of recreating the supply inelasticity of land in the virtual world through the issuance of non-fungible tokens and crypto tokens has helped fuel enthusiasm. 

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