Wednesday, November 17, 2021

g-f(2)661 THE BIG PICTURE OF THE DIGITAL AGE (11/17/2021), Bloomberg, Metaverse Is a Multitrillion-Dollar Opportunity, Epic CEO Says

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"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital ageDigital Transformation, Metaverse  (11/17/2021)  g-f(2)426 

Opportunity, Bloomberg

Metaverse Is a Multitrillion-Dollar Opportunity  

      • “Over the coming decades, the metaverse has the potential to become a multitrillion-dollar part of the world economy,” Epic Games Inc. Chief Executive Officer Tim Sweeney said at a conference in Seoul on Tuesday.
      • “The next three years are going to be critical for all of the metaverse-aspiring companies like Epic, Roblox, Microsoft, Facebook,” he said in an interview after. “It’s kind of a race to get to a billion users, whoever brings on a billion users first, would be the presumed leader in setting the standards.”
      • “The metaverse is a term like the internet. No company can own it,” the Epic chief said.

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      Learned lessons, Bloomberg 

      • For Sweeney, the legal and rhetorical battle with mobile giants Apple Inc. and Alphabet Inc.’s Google over their locked-down app stores and payments is at least in part motivated by his aspirations for the metaverse and ensuring there’s a fair playing field for the companies competing to create it.

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      Lessons learned, Bloomberg

      • Epic’s metaverse strategy has two prongs: first is expanding Fortnite from a game with 60 million monthly active users to an experience that could reach a billion in the future, the CEO said. Complementary to that, the company wants to capitalize on its content-creation tools like the Unreal Engine for 3D graphics, “enabling all of the companies throughout the industry to have a real-time 3D presence.” On that front, Epic will face stiff competition from Nvidia Corp., whose CEO is similarly optimistic.
      • Even if Epic doesn’t build the definitive metaverse, Sweeney wants its software tools to provide the building blocks, offering carmakers as an example: they can use Unreal to visualize their products in design and manufacturing processes and later to produce digital advertisements. Fortnite added a Ferrari that players can drive in the game this July.

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      • Category 2: The Big Picture of the Digital Age
      • [genioux fact deduced or extracted from Bloomberg]
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        • Inherited from sources + Supported by the knowledge of one or more experts.


      “genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)661, Fernando Machuca, November 17, 2021, Corporation.


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