Introduction

The term 'metaverse' has never been more popular, but the companies attempting to grow it will determine its destiny. While there is a lot of interest in the metaverse and lots of ideas for the future, rhetoric isn't enough.

If you want to predict how the metaverse will evolve, look at the major names who have already begun to invest money in the technology. Here's a rundown of the six most essential metaverse companies to keep an eye on over the next several years.

Meta (Facebook)

Let's start with the most contentious one. Meta, the company that used to be known as Facebook, even changed its name to reflect its metaverse goals. Meta aspires to establish a virtual environment where users may interact, buy, play games, and even work, rather than just being a social networking platform. All while wearing a virtual reality headset and their own 3D avatars.

However, with a recent $200 billion value drop, it's safe to predict that Meta's journey to the metaverse will be rough. It must be innovative and rapid if it is to stay ahead of the curve. Meta is still on our list because it has the necessary foundations in place: the social platform, Oculus Quest, and Horizon Worlds. Only time will tell if the company's existing VR headset and 3D space will evolve into a full-fledged metaverse.

Microsoft

Microsoft is working hard on mixed-reality apps, so you're probably not shocked to see this name. Microsoft Mesh adds virtual office space and personal avatars to Microsoft Teams, making it the most office-oriented inclusion on our list. Microsoft has created the HoloLens (and HoloLens 2), which allows users to enter into augmented reality or virtual reality worlds. Mesh's holograms may symbolize the future of office productivity, despite the fact that the gadget is currently expensive and hence not widely used.

Given how far Microsoft has already gone, it's evident that it has the resources and technology to develop its metaverse. Furthermore, it just acquired Activision Blizzard, the company behind World of Warcraft. This might be more than a hint that Microsoft's metaverse plans would extend beyond office labour and into the sphere of entertainment.

Nvidia

Nvidia is provide the tools needed to construct the metaverse. Nvidia's 'Omniverse,' which is cloud-connected software that can be used to create 3D apps, has exited testing. Anyone, from artists to engineers, may use the Omniverse's open platform. Nvidia, unlike the other companies on this list, isn't creating its own metaverse, but rather providing the required infrastructure.

The Omniverse is vital to the growth of the metaverse since it provides creation tools and an open platform, which requires no explanation. It is based on the premise that the metaverse is constructed by everyone rather than by a single company, and that this opens possibilities in a variety of industries, including manufacturing and entertainment.

Roblox and Epic Games

Roblox already has a lot of the traditional metaverse traits as a social network and software provider for community-created games. You can make an avatar, spend Robux coins in the marketplace, socialize with others, construct your own space, and participate in virtual events.

Epic Games, the company behind Fortnite, is remarkably similar. Fortnite is a game, not a platform for innovation, although it does have plans to expand its existing tools outside gaming. Just like Roblox, it has held a number of concerts and is gradually evolving into a social platform.

Will either of them be able to attract those billions of users, not just gamers? Because both are quite popular and neither appears to have a clear advantage over the other, we recommend keeping an eye on both. Their concert addiction has already propelled them to the top of the metaverse's entertainment scene.

Niantic

Isn't that the company behind Pokémon Go, the augmented reality game? Niantic appears to want a metaverse that enables users to explore the real world rather than a purely digital one, in keeping with its existing game. To that goal, the business was able to raise $300 million by the end of 2021.

Niantic, on the other hand, hasn't revealed any particular plans just yet. It's difficult to say if it will play a significant part in the future metaverse, with or without Pokémon. Niantic is a name to remember because of its enormous investment, the fact that its Pokémon Go game is the most popular AR game of all time, and its fairly distinctive vision of the real-world metaverse.

Benefits of the Metaverse

The metaverse as a whole is a fairly futuristic notion with several advantages. With the introduction of metaverse technology, virtual living standards will increase, and digital platforms will be able to be merged into a single section. Because of metaverse technology, medical experts may now cure ailments that are easily observable at an early stage. Customers will be able to see things displayed by retail merchants thanks to this technology. The game universe, which will seem more genuine thanks to a metaverse, will be the most diverse use of this technology. Additionally, this technology will improve the travel experience by allowing users to go to distant locations via a metaverse. Aside from these, there are many more advantages that will become apparent over time.

Conclusion

The metaverse is no more a pipe dream; it is already a reality, and as a result of this technology, our real world will become increasingly virtual in the coming years. Virtual reality will develop with time, allowing us to experience new levels of immersion. As a result of this technology, many people will be employed, and millions will be exposed to a new technological marvel. Every technology has its own set of drawbacks and benefits, and when Metaverse becomes a reality, you'll be able to see them for yourself. You can also start investing in the metaverse, but first, you need to buy / sell crypto, and we propose the CEX.IO crypto exchange for staking crypto coins.