Big Tech wants to build the 'metaverse.' What on Earth does that mean?
Briefly

The article discusses the concept of the metaverse, a unified virtual reality space envisioned as a vast digital ecosystem where users can engage in various activities seamlessly. Unlike current VR, which offers isolated experiences, the metaverse aims to facilitate standardization and interoperability among devices. Industry leaders like Mark Zuckerberg position their companies, including Facebook and Microsoft, to lead this evolution, yet the metaverse remains theoretical, with existing technology not yet appealing to mainstream users. Concerns about collaboration among tech giants necessary for success weigh on the timeline for realization.
The metaverse is different from today's virtual reality, enabling avatars to hop seamlessly from one activity to the next in a communal cyberspace.
Facebook should be known as a 'metaverse company,' with plans to entice users with cheap headsets to build a vast digital economy.
Despite promises of a billion users on Oculus, the metaverse currently remains speculative, as AR and VR technologies have not captured the mass market.
Microsoft highlights its unique position to assist in developing metaverse apps today, indicating a competitive landscape among tech firms.
Read at Washington Post
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