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What Is the Metaverse and Why Is Everyone Talking About It?

By Neil Rozenbaum – Jul 27, 2021 at 11:45AM

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The metaverse will take the effects the internet had on the world to a whole other level.

In this video, I will be talking about the metaverse, what it is, what it could mean for the future, and how it will evolve. You can find the video below. 

What is the metaverse?

The definition of the metaverse is very vague but I discuss seven core attributes in the video. Some companies are already building out the metaverse. Epic Games' Fortnite, Microsoft's Minecraft, Facebook's Horizon, and many more are contributions. Tim Sweeney, Epic Games CEO, has said many times that the company is working toward creating its side of the metaverse. A mix between what is real and what is virtual. A place where people can come and create, work, and spend time together. 

One of the crucial points of the metaverse is for it to be an open economy and not controlled by one company. Today, many companies purposefully create products and services that aren't compatible with any of their competitors' products. For example, today you won't see a DC character in a Marvel movie. You aren't able to play a Nintendo game on an Xbox or Playstation. That will need to change in the metaverse. Fortnite is again a great example here. The metaverse will be a place where all IPs are able to live together. 

Zuckerberg's metaverse

More recently Mark Zuckerberg laid out his vision to transform Facebook from a social media network into a "metaverse company" in the next five years. He believes the metaverse will be the successor to the mobile internet, and creating this product group is the next step in Facebook's journey. He describes it as "an embodied internet where instead of just viewing content -- you are in it." Facebook has invested heavily in virtual reality, spending $2 billion on acquiring Oculus, which develops its VR products and continues spending billions each year in R&D.

You can find the full insights in the video below.

*Stock prices used were the closing prices of July 26, 2021. The video was published on July 27, 2021.

Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Neil Rozenbaum owns shares of Unity Software Inc. The Motley Fool owns shares of and recommends Facebook, Microsoft, and Unity Software Inc. The Motley Fool recommends Nintendo. The Motley Fool has a disclosure policyNeil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Microsoft Stock Quote
$245.12 (-2.03%) $-5.08
Nintendo Stock Quote
$10.43 (0.87%) $0.09
Meta Platforms Stock Quote
Meta Platforms
$114.12 (-6.79%) $-8.31
Snap Stock Quote
$9.42 (-6.73%) $0.68
Unity Software Stock Quote
Unity Software
$34.32 (-9.87%) $-3.76
Roblox Stock Quote
$30.65 (-1.89%) $0.59

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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