Commentary
The metaverse, that virtual world that teens everywhere are entering with a headset and hand controllers, could eventually pull in $8 trillion.
That so enthralls Mark Zuckerberg that he changed the name of Facebook (the parent company) to Meta and is developing haptic gloves that interact and give tactile sensations. Haptic suits that give full-body sensation are under development.
China’s Tencent announced on June 20 that it’s also jumping into the metaverse. A new unit of approximately 300 Tencenters is accelerating software and hardware development for the metaverse.
Microsoft, Disney, ByteDance (the owner of TikTok), and Apple are also meta-developing.
Eight trillion dollars will get Beijing’s attention. Much of it will come from China’s 1.4 billion consumers. The regime will try to use that market power to influence the content in not only China’s metaverse, but the global market….
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