How Can Telecoms Leverage the Metaverse?

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1Q 2022 | IN-6398

 

Into the Metaverse

NEWS


There has been a recent surge in the interest for the metaverse ever since Facebook rebranded to Meta in October 2021, with the search term for metaverse peaking at an all-time high on Google search trends between the 7th to the 13th of November 2021. However, this is not an isolated incident and is in fact a symptom of a much larger trend towards Web 3.0, the next internet revolution where the internet is decentralized and users are able to own and create digital assets in a peer-to-peer system where openness and transparency are key characteristics.

The metaverse is envisioned as the evolution of the internet to a virtual world where people can interact, work, create, and transact value in. With immersive technology including Virtual Reality (VR) headsets, haptic gloves, and vests, which allow users to feel sensations of pressure and touch in the VR world, the metaverse is primed to be a very customer-centric experience. Communication Service Providers (CSPs) are not ignoring this trend. While some CSPs are taking a ‘wait and see’ approach, many CSPs have been actively on the move i…

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