New VIP+ Special Report: Will the biggest buzzword in tech impact the entertainment industry? Hear directly from forward-thinking executives
Everyone is saying it, but does anyone really know what it means?
But to others who have been hearing the term throughout 2021, metaverse at this point may represent little more than a clever-sounding buzzword that will lose relevance in the next few years. In short, Variety Intelligence Platform defines the metaverse as something that will be a shared virtual space where all can interact via digital avatars navigating a three-dimensional environment.
Adopting such a broad view of the metaverse makes it no wonder Bloomberg Intelligence predicts that the market opportunity for the metaverse could hit $800 billion by 2024.