Enter the Metaverse $NVDA The experts at NVIDIA Corp. (NASDAQ: NVDA) call it the Omniverse; others call it the AR cloud or spatial web. Kevin Kelly, the senior editor at WIRED, calls it the "Mirrorworld."
It doesn't matter what we end up calling this new version of the internet, though.
What matters is how the advances in the technologies I referenced above are all converging in monumental fashion right before our eyes to create the metaverse.
In simple terms, the metaverse means “beyond the universe” and is a digital space with endless possibilities for development.
Forbes provides a more apt description, calling it a “future iteration of the internet, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe.”
As investors, what's key here is the level of interest big tech is showing in metaverse development.
In time, the metaverse could be extremely disruptive and reshape global marketplaces and e-commerce.
For example, Vans — the globally recognized skateboard and lifestyle brand — recently opened a virtual skate park on the metaverse.
Here users can meet up in a virtual 3D space to skate with friends, design their own Vans shoes, and even build their dream custom skateboard at a virtual skate shop.
But virtual experience, e-commerce, and hangouts are just the tip of the iceberg.