Miss the Train Waiting for 2025′ in the Metaverse World
Emphasizing the importance of technology, media and telecom companies deciding what to invest in Metaverse and taking action from this year, Stewart said, “Though it is not too late now, those who do not take action by 2025 will be too late.”
Deloitte Canada’s Technology, Media and Telecommunications (TMT) Research Director Duncan Stewart evaluated the promising future of the ‘Metaverse‘, which is defined as the ‘big new thing’ after the smartphone. Stewart, who was in Istanbul for the presentation of the ‘TMT Predictions 2022’ report prepared by Deloitte, said that according to the estimates of investment banks, the ‘Metaverse’ contains 8 trillion dollars of opportunity for companies. Emphasizing that Metaverse is still far from the concept in people’s minds, Stewart reminded that many companies still go to collaborations and partnerships to be a part of Metaverse.
“There are now many virtual worlds where millions of people are with their avatars, playing games, making new friends, going to parties and concerts, shopping and trading. Most of them are game applications. However, purchased avatars, products, services and social groups to be members of are imprisoned in the ‘closed gardens’ of these game apps.” ‘There are many Miniverses’ This situation does not comply with the concept of ‘virtual universe = metaverse’, which was first described by the US author Neal Stephenson in his 1992 book ‘Snow Crash’ (translated into Turkish as ‘Parasite’), because in this universe people move from one point to another. Reminding that they can easily get through with everything, Duncan said, “Therefore, instead of a Metaverse in the current sense, there is a group of ‘Miniverse’ (small universe)”. ‘Waiting for 2025 will miss the train’ Stating that technology companies will invest billions of dollars to develop Metaverse from this year on, Stewart said, “Only Facebook, newly renamed ‘Meta’, has turned to Facebook Reality Labs, where Metaverse department is responsible for producing AR and VR hardware. He plans to spend at least $10 billion this year.” Duncan Stewart stated that companies that want to take part in the ‘Metaverse’ should first follow the opportunities in the ‘virtual universe’ and make experiments, and in this context, it would be important to prepare their employees for the Metaverse.
Emphasizing the importance of technology, media and telecom companies deciding what to invest in Metaverse and taking action from this year, Stewart said, “Though it is not too late now, those who do not take action by 2025 will be too late.”
Finally, Stewart said that the legal authorities should prepare all the necessary regulations as soon as possible to make Metaverse safer for everyone, especially the under-18 group. Stewart added that comprehensive legal regulations should be introduced on many issues such as currency, taxation, money laundering, content editing, and censorship.
