Research Reports

Metaverse-A Global Opportunity for GCC

September 08 , 2022

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Executive Summary

Metaverse-A Global Opportunity for GCC

In the technology world, the answer to the question “What next?” is Metaverse. However, people struggle to understand the term. Very simply put, Metaverse enables hybrid living and working. It is a combination of hardware & Software capabilities to offer a 3D visual experience to clients and users. “I define the Metaverse as a massively skilled in interoperable network of real time rendered 3D virtual worlds, which can be experienced persistently and synchronously by effectively unlimited number of users with an individual sense of presence. What's really important to understand is that it is more of a description, than a definition. Metaverse is essentially a parallel plane of existence, a persistent virtual world that affords us most of the things that we can do in the real world”- Matthew Ball, CEO of Epyllion

Currently Metaverse is mostly in Proof of concept (PoC) stage but is rapidly evolving. Metaverse will change the way we work with no physical presence required at workplace. Meetings, interviews, trainings, etc can all be “Metaversed”. 3D art pipeline is at the core of Metaverse. Demand for right-brainers (creative people) will shoot up.


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