The next generation already lives in the metaverse

It’s Friday night, and I’m sitting on my couch watching my son play Minecraft with his cousin, who lives 600 miles away. The two squeal happily as they chase each other around a custom hide-and-seek map that one of them created, and that’s where it hit me. The metaverse is not something we have to wait for five to ten years. It’s already there, and the next generation lives there.

So how do we juxtapose that with the latest numbers from a report of Information (opens in a new tab) which shows that Meta – and other similar companies – are spending over $70 billion to build the metaverse (opens in a new tab) over the next decade? As The Information article points out, that’s twenty times the amount Apple invested when building the original iPhone.