Interoperability Will Be Metaverse’s ‘Defining Property’: F&S
The metaverse has the potential to become a nearly $750 billion market opportunity by 2030, reported Frost & Sullivan Monday. As the metaverse becomes “an interconnected network of virtual worlds that will eventually become an extension of the real-world economy,”…
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it will enable organizations “to participate in economic activities as they do in the physical world,” it said. Big tech sees huge potential in the metaverse, “deeming it the next level of the internet,” said analyst Kiran Kumar. Gaming, media and entertainment and retail are among sectors that experienced significant metaverse adoption “and promise high growth potential over the next 12 months,” said Kumar. “Interoperability is the defining property of the metaverse. The success of the metaverse would rely on the ability to unify systems, platforms, and economies in terms of incentives and benefits tied to the physical world, which remains a critical challenge to be addressed.”