Wavemaker: AI is a growth trend in the coming years, the “metaverse” is fictitious

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In Brief

Although the metaverse is still in its infancy, it is obvious that AI will play a significant role in its growth

The main way AI is probably going to have an impact in the future is through the growing democratization of art

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There are plenty of reasons to be optimistic about the impact of AI in the coming years. In fact, AI is likely to be one of the primary drivers of growth and change in the years to come. Here are just a few of the ways AI could shape the coming years.

Wavemaker: AI is a growth trend in the coming years, the "metaverse" is fictitious

Businesses, industries, and governments always pay close attention to growth trend predictions to help them stay relevant and develop in the right direction. WaveMaker’s report on Growth Trends 2023 is full of insightful conclusions that can help guide decision-makers in the right direction.

The two conclusions that we believe are crucial for businesses to keep in mind are:

  • The continued rise of artificial intelligence.
  • The increasing importance of digital experiences.

The “metaverse” is fictitious

“The Metaverse” is a concept popularized by science fiction writer Neal Stephenson in his 1992 novel “Snow Crash.” Technically speaking, the metaverse is “a persistent, shared, online virtual space populated by avatars,” where people can interact with each other and with virtual objects. The concept is often compared to the Matrix, another fictional construct popularized by science fiction.

The metaverse is often cited as an example of a future in which AI plays a prominent role. The metaverse in “Snow Crash” is a place where people can enter virtual reality simulations in order to experience different worlds or interact with others in a more immersive way. It is also a place where people can purchase virtual goods and services.

The term is used to describe a shared virtual space that is populated by avatars or digital representations of users. This space is where users can interact with each other and with digital content in a way that is similar to the real world.

The "metaverse" is fictitious.

The concept of the metaverse has been revitalized in recent years by the rise of virtual reality (VR) and augmented reality (AR). These new technologies are providing people with ways to enter immersive digital experiences. And as AI continues to evolve, it is likely that the metaverse will become even more realistic and powerful.

The AR and VR market size is predicted to reach $451.5 billion by 2030

There are already a number of companies working on building metaverses. One of the most prominent is Magic Leap, which is developing a wearable computer that will allow people to experience the metaverse in a more natural way. Magic Leap has raised over $1.4 billion from investors, including Google and Chinese e-commerce giant Alibaba.

It is still early days for the metaverse, but it is clear that AI will play a major role in its development. As AI gets better at understanding and responding to human behavior, it will be used to create more realistic and believable avatar characters. But, for now, the metaverse is little more than a fun game in the hands of Zuckerberg’ and a hype word used by corporations to attract more attention to their products from the media.

AI > Metaverse?

AI > Metaverse?

AI is likely to be impactful in the coming years through the rise of the metaverse. While the metaverse is still in its early stages, it is expected to grow rapidly in the coming years. As the popularity of virtual reality and augmented reality is growing and the technologies become more commonplace, the need for shared virtual space will become more apparent.

Metaverse Fundraising Report for 2022: Trends in NFT, Gaming, Infrastructure, AI

The second way AI is likely to impact the coming years is through the increasing democratization of art. Thanks to advances in generative AI, anyone can now create art that is on par with that of professional artists. This is likely to have a profound impact on the art world, as it will become increasingly difficult to tell the difference between art created by humans and art created by machines. This will lead to a reconsideration of what art is and what it means to be an artist.

These are just two of the ways AI is likely to impact the coming years. As AI continues to evolve, it is likely to have an even greater impact on the world around us.

Read more about AI and Metaverse:


Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.

Damir Yalalov

Damir is the Editor/SEO/Product Lead at mpost.io. He is most interested in SecureTech, Blockchain, and FinTech startups. Damir earned a bachelor's degree in physics.

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