The future, according to Meta, is a virtual reality metaverse. But Meta is not the only player in the industry who is building the hardware and software that will enable and support virtual and augmented reality.
After Facebook changed its parent name to Meta in attempt to pursue opportunities in the metaverse, an array of other companies have announced their own VR plans.
Here are five other companies that Meta are going to have to compete with in their quest to build what could be the future of tech as we know it.
Nikeland
The metaverse is not only going to be a place where people can experience a virtual space full of new experience, but also a place where advertisers can reimagine the way they connect with customers.
Nike is teaming up with Roblox to create an all new virtual world known as ‘Nikeland’. Users will be able to dress their avatars in a range of Nike clothing and sneakers and then compete in different games.
Epic Games
If you think about, Epic Games has long been in the metaverse. Fortnite has become far more than just a shooting game. Players can participate in virtual concerts and dance parties.
Earlier this year, Epic Games announced that it completed a $1 billion round of funding which would help to accelerate its long-term vision for the metaverse.
Tencent
Tencent is a Chinese social media and gaming giant that is reportedly set to enter the metaverse. According to experts, the virtual world could potentially end up in a battle between Meta and Tencent.
Earlier this year, it was reported that the South China Morning Post announced that Tencent had registered many metaverse-related trademarks for its social site QQ. The company has not yet announced any official plans but with partnerships such as with Epic Games and Roblox’s gaming platform, Tencent could be a player to keep an eye on as the concept of the metaverse develops.
Roblox Corporation
The video game platform known as Roblox Corporation announced in November this year that it has plans for a metaverse that is built around its players.
Roblox Corporation aims to create a virtual space where people can learn, work, play and socialise within millions of 3D experiences.
Sensorium
The company known as Sensorium is building a Motion World that’s best explained as a high-graphic, underwater virtual land that houses performance spaces.
The company speaks of how it will be a space where users can reinvigorate their minds with well-being practices and meditation.
Sensorium is also in the process of creating another virtual world known as PRISM. The company says that this will be developed for ‘next-level performances’ by electronic music artists.
