Meta Platforms (Nasdaq: META) CEO Mark Zuckerberg just announced a big step for the company’s virtual reality metaverse avatars. They will finally be getting… legs.
Of course, this isn’t actually very exciting news for you or me. It’s a lackluster headline.
In fact, you might be thinking that groundbreaking technology like the metaverse should be celebrating bigger milestones by now.
Meta’s efforts to build an alternate universe have been rocky over the past year, and public perception of its virtual reality (VR) game, Horizon Worlds, is pretty dismal.
But Meta didn’t hitch its wagon to VR technology just to make games and avatars.
Instead, like many other tech companies, it’s looking down the road to the future of the internet. Meta is seeing a lucrative market taking shape.
And for investors, getting ahead of that market is key to generating profits.
So for now, you have to look beyond clickbait headlines and delve into what exactly tech companies like Meta are predicting is coming.
And if you catch the trend before it takes off, you could be raking in cash alongside the biggest companies on the Street.
The Big Five’s Big Bet
Facebook may have rebranded to Meta Platforms… and it might be the first company you think of when the word “metaverse” comes up. But Zuckerberg’s business is far from the only Big Tech corporation funneling billions into this market.
When the “Big Five” – Meta, Apple, Google, Microsoft and Amazon – start pumping money into emerging tech, it’s best to follow their lead.
Meta Platforms already integrated its VR headset, making it a crucial wearable that allows users to be fully immersed in the metaverse.
The company is also rolling out an augmented reality (AR) product called “Project Nazare.” These AR glasses will allow us to communicate with other users and see their avatars as if they were in the same room. You’ll even be able to interact with them in the digital environment.
The glasses will use wrist controls that use EMG (differential electromyography) to measure electrical pulses in your arm’s neurons. Essentially, Meta Platforms means to link the functions of its devices directly to a user’s mind.
So collaboration with others in the metaverse will be almost as simple as thinking.
Microsoft is also betting big on this new reality. Earlier this year, Microsoft bought out Activision Blizzard for a whopping $68 billion. The company stated that this acquisition would play a key role in its development in the metaverse.
Microsoft, Apple and Google have all been positioning themselves in the AR wearables market in order to get ready for the mass adoption of the metaverse.
Early buildout has focused on the gaming side… but this seems to be a gateway for bigger opportunities.
A Not-So-Distant Future
While gaming and retail might be profitable for these companies eventually, Microsoft is using its technology to get into the industrial metaverse – a world where our real factories, machines and grids are mirrored in a virtual world.
After all, it is manufacturing, infrastructure and transportation that make up the backbone of our society.
In this virtual world, problems that arise in industrial control systems can be dealt with quickly (or even before they manifest).
And that’s not all…
Augmented reality, virtual reality and mixed reality have the potential to advance medicine, workplace productivity and data analytics (to name a few).
This has been dubbed the “fourth phase of the internet.”
It’s not science fiction… and it’s not even a reality that is coming far in the future.
There’s so much more to learn about this fast-approaching opportunity, and there are so many stocks that will allow you to ride this wave to profits.
Manward Press founder Andy Snyder recently uncovered one company that dominates the metaverse.
In fact, 75% of all virtual reality is made with this company’s software.
And it’s already partnering with tech giants like Meta Platforms, Google, Nvidia and Microsoft.
So be sure to stay tuned!