The Business Times
business-time-50
The Bottom Line
·
SUBSCRIBERS

Competing notions of the metaverse point to different futures

Conflating Web 3 with virtual reality and the metaverse will hold back development

google-preferred-sourceAdd BT as a preferred source
Published Wed, Apr 27, 2022 · 02:52 PM
    • VR will not define the future of the metaverse.
    • VR will not define the future of the metaverse. Pixabay

    Lewis McLellan

    The metaverse is expected to serve a US$13 trillion market by 2030 according to a report by Citi but what actually is it?

    At present, the metaverse is a fairly nebulous concept — will it be a decentralised, open Internet, or will it be a new generation of online experiences controlled by the same tech titans as Web 2.0?

    metaverseWeb3Virtual realityBlockchain

    TRENDING NOW

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    More than 95% of Seatrium's net order book comprises "series-build" projects.

    Seatrium eyes S$28 billion in project opportunities amid global race for energy security

    China has launched the biggest shake-up of its cross-border tax system in decades, threatening three popular brokers with at least US$330 million of penalties.

    China targets offshore billions in biggest crackdown in decades

    Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan.

    Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More