In the midst of the economic chaos of 2022, investors have forgotten about virtual reality and what was once promising. Since late 2021, Google’s interest in searching the metaverse has collapsed by 88%. and shares like Roblox (RBLX) And the dead (dead) was completely crushed.
But maybe investors should not be I forgot about the metaverse.
Perhaps there is something to building a virtual world and letting people create their own lives within it. Perhaps there is something to using augmented and extended reality technology to produce better media, create self-driving simulations or play games.
In fact, VR and the metaverse hold great promise.
They lost something in 2022.
And if that’s the case, the “missing link” may have just made its way to the party. And the We think it could reignite the Metaverse Gold Rush over the next twelve months.
Let’s take a deeper look.
Metaverse destined for greatness
At the outset, let me make one thing very clear. Our team has always believed that metavir was meant to be greatness. But we never believed that the metaverse “prototype” presented to the public in 2021 was the version that would succeed.
The metaverse will be big — but it won’t be about people who wear headphones and live in virtual worlds. It will depend on next-generation glasses, contacts, and desktop computers that integrate VR, XR, and AR technologies with the real world.
The metaverse argument is very simple.
It all boils down to one thing: Humans are by nature fleeing from reality. We absolutely love reality. But we also like to escape from it sometimes.
A few decades ago, we escaped via acting platforms like books, magazines, and movies. They have taken advantage of our imaginations to take us to places we haven’t seen and to feel things we haven’t felt.
Today, we escape via 2D internet platforms, such as video games, social media, and streaming software. They do the same thing as these analog escape mechanics – but they are much more immersive.
In the future, we will escape through 3D online platforms such as virtual reality games, virtual bars/clubs, immersive shows and movies. These experiences will bring a whole new level of immersion that will greatly increase the consumer experience.
It is the natural progression of things. 3D internet platforms represent the next evolution of human escape.
And our jump to those platforms is not a question of “if”. It is a question of ‘when’.
Technologies have always been missing the right hardware
“When” will never be 2021.
The release of the metaverse presented to the world in 2021 was shocking for many reasons. Dorky avatars, hackneyed virtual worlds, weird presentations from Mark Zuckerberg…
None of it was good.
But one of the reasons why the 2021 edition was never successful hardware. Simply put, clunky headphones don’t get many people excited.
Remember: The Internet didn’t become so ubiquitous that I became a bold company with a name apple (AAPLMade a small, accessible, ergonomic, and even stylish device called the iPhone Putting the Internet in Everyone’s Hands.
the point? Even the best software technology doesn’t become ubiquitous until the right hardware is invented and deployed. These “correct” devices usually include something not extreme, inexpensive, accessible and elegant. It’s something that 99% of consumers don’t mind using on a daily basis.
Headphones are not.
Virtual reality technology of the future
But contact lenses – which is why we are so excited to have a small California startup called see mojo. The company is working on AR contact lenses It compresses the AR capabilities of a headset into a simple contact lens and then overlays those visuals onto the real world.
This is a version of the metaverse that we can get behind. Imagine playing a round of golf with friends. After each shot, a small contact lens in your right eye displays an unobtrusive overlay of default information that tells you the characteristics of that shot (force, distance, etc.) and then displays an updated scorecard for that game.
Fabulous, isn’t it?
Or how about this? Virtual Desktops.
There is another startup called billion that designed what we think it will be future work desktop. It’s a curved monitor measuring 122 inches tall and 5 feet deep and intended to be placed on a desk rather than a standard monitor. The idea is to place your head in the center of this VR screen – while sitting or standing at your desk – and connect to a virtual desktop.
I don’t know about you, but as someone with four different computer monitors on their desk, Brelyon’s Next-Gen Desktop seems to fit right in!
Certainly, Mojo Vision contact lenses are still in a very early stage of development, as are Brelyon VR monitors. But these hardware innovations are happening now. Not tomorrow. Not next year. It’s happening now.
This means that within the next 12 months, we expect a few of these innovations to hit the mass market. And at this point, we think the metaverse will finally come on its own.
VR Gold Rush will start – And we will be ready to make a big profit from it.
Final word on VR and Metaverse
Listen, I don’t blame you for giving up on metaverses. I would have done too. The metaverse version promoted by Mark Zuckerberg and Associates in 2021 was a joke.
But this is not the metaverse version that will work.
The version that will be the one that blends innovative, accessible and unobtrusive hardware with virtual and augmented reality technologies, seamlessly integrating virtual information into the real world.
This is a version of the metaverse that I’m excited about. It is currently being built in engineering laboratories across America.
So, no, now is not the time to throw in the towel at the metaverse. On the contrary, now is the time to make a big bet on it.
Pretty much every metaverse stock has been crushed in the 2022 stock market sell-off. From current levels, Some offer investment opportunities for generations.
At the date of publication, Luke Lango did not (directly or indirectly) hold any positions in the securities mentioned in this article.