The metaverse, a shared virtual space, is being shaped by advancements in Extended Reality (XR) technologies, including Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). The global XR market is projected to reach $133.78 billion by 2025, driven by adoption in gaming, education, and healthcare sectors. Blockchain technology will play a crucial role in enabling secure transactions within the metaverse. Major tech companies are investing heavily in VR and MR platforms, with Facebook's Oculus and Microsoft's HoloLens leading the charge. The metaverse is expected to have significant impacts on industries like education, healthcare, and entertainment, with 60% of executives expecting VR to be used extensively in their organizations within five years.
↧