“Takeoff will be determined by who gets the experience properly matched to what the tech can do, and in a way that is truly compelling for us,” Saffo said, adding he “would be surprised if we don’t start figuring this out in 10 years” and pointing out that the definitions are constantly in flux. So the question right now is, have we finally arrived at the point in history in which an actual virtual world could soon be available? Or is this yet another false promise of a technology that will never actually become mainstream and lucrative? The big clunky, often headache-inducing virtual-reality headsets that take the wearer to another environment have also been another drawback, while augmented reality - which melds computer-generated images into a physical environment - is still too complex and expensive.įor more: What is the ‘metaverse’ and how much will it be worth? Depends on whom you ask There have been various iterations of alternative digital worlds through the decades, but they have for the most part eluded use by the average consumer, either because the technologies were too expensive, not powerful enough or just not that exciting. “There has always been a deep human yearning for an alternative realty.” “This idea of an alternate reality is a very old idea, it goes back to shamanic practices, taking alternative substances,” said Paul Saffo, a Silicon Valley futurist who currently teaches forecasting at Stanford University and chairs Future Studies and Forecasting at Singularity University.
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This is not new, though: For decades, software developers and engineers have unsuccessfully tried to create those alternative worlds with ones and zeros and pixels, a quest inspired by science fiction that goes farther back than “Snow Crash” and a human desire to escape reality. This was not the first description of an alternative, virtual world in cyberspace that would allow us to escape from our sometimes dreary realities, but the term coined by Stephenson - the “Metaverse” - has suddenly become the catchall phrase used by tech companies, giant and small, after Facebook’s recent corporate rebranding as Meta Platforms Inc.
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