The development of the metaverse is accelerating at breakneck speed. More and more companies and brands are entering virtual worlds, gaming, virtual fashion etcetera, than ever before. Last week, the concept of the metaverse was even discussed during the trial between Epic and Apple. Tim Sweeney, the CEO of Epic Games, stated, “Our aim of Fortnite is to build something like a metaverse from science fiction. […] It’s a virtual world for socializing and entertainment.” A week before the trial, during an investment call, Microsoft CEO Satya Nadella mentioned the metaverse as well, “As the virtual and physical worlds converge, the metaverse comprised of digital twins, simulated environments and mixed reality is emerging as a first-class platform.”
In this week’s newsletter we look at some of the initiatives that are now happening in the metaverse.