According to a visualization shared with reporters on December 21, 2021, Baidu’s metaverse concept on XiRang began with a “creator city” centered on towering skyscrapers.
Analysts say the computing-hungry metaverse will benefit global chipmakers — but other tech-related industries could benefit as well.
Metaverse is widely seen as the next generation of the Internet, referring broadly to a virtual world where humans interact through three-dimensional virtual avatars that can be controlled via virtual reality headsets such as Oculus.
Through Metaverse, users can participate in virtual activities such as games, virtual concerts or live sports events.
Big tech companies will benefit Analysts said that with the emergence of technology related to this virtual world.
“The winners of the Metaverse are really the tech companies,” Howard Hou, chief investment officer at DBS Bank, told CNBC’s “Squawk Box Asia” on Monday. Semiconductor companies would be a clear beneficiary, he said, because the Metaverse requires a lot of computing ability.
However, Morningstar said in a report last week that the chipmaker’s earnings will be “unbalanced.”
Private banking firm Lombard Odier said in a December report that other major areas investors could consider backing Metaverse’s infrastructure would be companies that provide “key building blocks” such as cloud computing, artificial intelligence and video game graphics.
Blockchain technology and cryptocurrencies may also play a key role in this cashless virtual environment.Blockchains that support non-fungible tokens or NFTs – digital tokens that represent proof of ownership of assets, such as Art, Collection or meme The bank said an “interesting” ecosystem could be created for digital content creation and monetization.
“These can grant the right to use artwork created in virtual worlds or one’s own creatures, opening the door to new virtual economies. In this field, there are few limits to human creativity,” the company said.
facebook parent Yuan, also Apple, Microsoft and Google Yes Prepare to release new hardware products and software services For the metaverse.
In Asia, China will also shine on the metaverse. its largest city, Shanghai, Incorporate the Metaverse into its five-year development plan. The plan calls for “encouraging the application of the metaverse in areas such as public service, business office, social entertainment, industrial manufacturing, safety production, and video games.”
— CNBC’s Evelyn Cheng contributed to this report.