The Metaverse: And How It Will Revolutionize Everything

by Matthew Ball

Facebook’s Horizon Worlds is not limited to immersive VR and AR, but it is focused in those areas, which contrasts with Roblox, which is available in immersive VR but prioritizes traditional screen interfaces, such as an iPad or PC screen. Upstarts such as Rec Room and VRChat are also centered on immersive VR world creation, and are rapidly accumulating users. With valuations around $1 billion–$3 billion each at the end of the 2021, the two platforms remain small. But at the start of 2020, Unity Technology and Roblox Corporation were valued at less than $10 billion and $4.2 billion respectively. Two years later, both have valuations that exceed $50 billion.