Fintech

Why the metaverse might not be worth as much as you think

The metaverse concept is being cheered as a market that could be worth up to $8tn — or much, much less.

Roblox is considered a building block of the metaverse because its software gives users and developers the tools to create 3-D digital worlds
Roblox is considered a building block of the metaverse because its software gives users and developers the tools to create 3-D digital worlds

What is the so-called metaverse, and how lucrative will it be for tech companies? It depends on whom you ask, the corporate equivalent of a Rorschach test.

A generally agreed-upon definition of the concept is a digital experience that blends virtual reality, streaming video, mobile games like Roblox and Fortnite, cryptocurrencies, social media, 5G, artificial intelligence and email. In short, a Sargasso Sea of tech buzzwords that approximates a digital facsimile of how we live in the physical world.

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