Global companies expand into the Metaverse As the digital revolution continues , more people and brands are diving into the metaverse , enabling them to connect and network in a virtual space . Gartner recently named the metaverse one of the top five emerging trends and technologies for 2022 . The global metaverse market stood at an estimated US $ 38.85bn in 2021 and is expected to grow to US $ 47.48bn in 2022 .

Roblox is released A successful player in the Metaverse , Roblox first entered the world of online gaming back in 2006 , and it ’ s now stronger than ever , with millions of players worldwide . This platform allows users to create and play games developed by other users , and is popular among younger generations .

Facebook makes moves with virtual reality In 2014 , Facebook acquired virtual reality leader Oculus for a total of approximately US $ 2bn . Facebook explained how it planned to extend Oculus ’ existing advantage in gaming to new verticals , including communications , media and entertainment , education and other areas . technologymagazine . com 17