Home » Technology » Meta CEO Says It Expects One Billion People to Be in The Metaverse by 20230

Meta CEO Says It Expects One Billion People to Be in The Metaverse by 20230

Meta CEO Says It Expects One Billion People to Be in The Metaverse by 20230
This site may earn affiliate commissions from the links on this page. Terms of use.

In a recent interview with Jim Cramer of Mad Money fame, Meta CEO Mark Zuckerberg opined on various metaverse-related topics. As we all know, the metaverse is seen by the company as the next big thing in computing. So big, in fact, that it changed its name from Facebook to reflect its pivot towards virtual worlds. In the discussion Zuckerberg  addressed how he envisions many aspects of the technology’s future.

In the interview, Zuck revealed Meta’s lofty ambitions. He said he hopes there will be at least a billion people in the metaverse by the end of the decade. In addition, he thinks each of those people will be spending hundreds of dollars a year on digital bobbles. He estimated people will be “buying digital goods, digital content, different things to express themselves,” he said. These digital goods could also include avatar clothes, virtual home decorations, or items to adorn a virtual conference room. Doing the math, this means Mark thinks his company will be pulling in hundreds of billions of dollars in metaverse revenue eventually. That’s several factors beyond its current annual revenue, which is around $117 billion. Still, 2030 is a long ways away, so anything is possible.

See also  The Best Original TV Shows to Stream on Starz

Overall, Zuckerberg thinks the metaverse will eventually have a “massive economy,” especially for creators. This is a rich comment coming from him, as the company…

Read full article on www.extremetech.com