Hot potatoes: Are you excited about the metaverse? Mostly not. But the Meta’s chief product officer, Chris Cox, believes the naysayers will one day be proven wrong: when a virtual reality platform will become so important in our daily lives that it can be compared to smartphones.
He speaks during a panel discussion on virtual reality technology at the World Economic Forum in Davos, Switzerland, yesterday (via inside), Cox said Meta believes that “one day this computing platform will be as important as a smartphone in our lives.”
Cox said Meta has been trying to build a virtual reality product line for nearly a decade that’s affordable, accessible and impressive. The idea is for it to be integrated into a wide range of fields, from social experiences and fitness to games, medicine and drug development. Meta also wants to use it to design the likes of sneakers and cars.
few people Share this optimistic vision of the metaverse becoming as widespread and important as smartphones. An analyst recently predicted that most business projects will have a metaverse closed By 2025. There was also a survey Of nearly 10,000 teens last year, half said they weren’t interested in Metaverse. Even some Meta employees as well Unconvinced.
2022 could be another worry for defenders VR sales decline, although the pandemic-induced uptick from the previous year may have played a role in the decline in numbers, admittedly. lately Take off John Carmack, who left the company with some damn words, was also a blow.
Cox believes that one of the biggest problems with the metaverse in its current form is the lack of interoperability with other platforms. He said, “I think the internet is a very good way to think about the metaverse, because some parts of the internet are very tightly knit together,” an example of interoperability “that doesn’t yet exist in the metaverse.”
Meta chief Mark Zuckerberg continues to bet big on Metaverse. Reality Labs, the Meta division responsible for its grand ambitions, has lost about $16 billion since the start of 2021. But Zuck’s faith remains steadfast. The CEO says the rewards for all that investment won’t be seen for another decade, at which point the virtual reality platform could start earning hundreds of billions, if not trillions, of dollars.