The metaverse explained in 14 minutes | Matthew Ball

Why should anyone care about the metaverse? Expert Matthew Ball explains what it is, what it isn’t, and why it matters. Subscribe to Big Think on YouTube ► https://www.youtube.com/channel/UCvQECJukTDE2i6aCoMnS-Vg?sub_confirmation=1 Up Next ► Why virtual reality is necessary on a planet of 11 billion https://youtu.be/zooZ5zcjA_c By the end of the decade, the Metaverse could be worth between $6 trillion and $13 trillion. But what is it? The Metaverse is not simply immersive virtual reality or a really cool video game. It's a combination of technologies that allows an unlimited number of users to experience real-time rendered, 3D virtual worlds synchronously and persistently. It is difficult to predict how the Metaverse will evolve, just as it was nearly impossible to predict the emergence of Facebook during the era of Windows 95. The Metaverse will not replace the internet, but will build upon and extend it. Read the video transcript ► https://ift.tt/FxGVUBH ---------------------------------------------------------------------------------- About Matthew Ball: Matthew Ball is the CEO of Epyllion, a diversified holding company which makes angel investments, provides advisory services, and produces television, films, and video games. Ball is also a Venture Partner at Makers Fund, Senior Advisor to KKR, Senior Advisor to McKinsey & Company, and sits on the board of numerous start-ups. His first book, “The Metaverse and How it Will Revolutionize Everything”, was published in July 2022 and became an instant national and international bestseller. Ball is also an “Occasional Contributor” to The Economist, holds bylines at Bloomberg, The New York Times, the Wall Street Journal, and wrote the August 8, 2022 cover story for Time Magazine. ---------------------------------------------------------------------------------- Read more of our stories on the metaverse: Is a lack of creativity already ruining the metaverse? ► https://ift.tt/Fv2sxXW Why the metaverse can’t exist without a blockchain ► https://ift.tt/4KuPeiT There are two kinds of Metaverse. Only one will inherit the Earth ► https://ift.tt/ondGvD6 ---------------------------------------------------------------------------------- About Big Think | Smarter Faster™ ► Big Think The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century. ► Big Think+ Make your business smarter, faster: https://ift.tt/tkd8woK ---------------------------------------------------------------------------------- Want more Big Think? ► Daily editorial features: https://ift.tt/kHXLEQh ► Get the best of Big Think right to your inbox: https://ift.tt/n3qJRV2 ► Facebook: https://ift.tt/hUlm5ER ► Instagram: https://ift.tt/yjWT2A3 ► Twitter: https://ift.tt/KqXAQHf