• About Us
  • Careers
  • Contact
No Result
View All Result
Saturday, July 19, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

The World Economic Forum Predicts Industrial Sectors Will Spearhead Metaverse Innovation, With Consumer Adoption to Follow

17 January 2023
in Latest News, News
Reading Time: 3 mins read
107 1
The World Economic Forum Predicts Industrial Sectors Will Spearhead Metaverse Innovation, With Consumer Adoption to Follow

image source: weforum.org

The World Economic Forum (WEF) recently predicted that the metaverse would be adopted first in industrial settings before being embraced by consumers. This prediction was made in a recent article published by the WEF. 

According to the organization, the implementation of the metaverse will begin at an industrial level, providing companies with a more efficient way to perform tasks such as design and monitoring.

The metaverse, which is essentially a virtual world in the digital realm, has been a topic of much discussion in recent years. With recent technological advancements and the increasing popularity of virtual and augmented reality, the metaverse is expected to be the next big thing in the digital world. 

However, the WEF believes that industrial companies will be among the first to adopt this technology. The WEF cited several reasons for this. Firstly, industrial companies often have complex processes and tasks that require high precision and collaboration. 

The metaverse, with its ability to create virtual environments that multiple people can access simultaneously, offers a perfect solution for these types of tasks. 

Additionally, industrial companies can use the metaverse for training and simulation, allowing employees to practice tasks in a virtual environment before performing them in the real world.

The WEF also noted that industrial companies are more likely to have the necessary resources to invest in developing and implementing the metaverse. This includes the budget for research and development, as well as the infrastructure and personnel to support the technology.

As the metaverse becomes more prominent in various industries, two key technologies that will be essential for its implementation are digital twins and extended reality. 

Digital twins technology involves creating digital representations of elements from the physical world that can be utilized for a range of purposes, such as evaluating the performance of a specific component or analyzing potential issues in a production line, as well as prototyping without needing to construct a physical model. 

Extended reality, on the other hand, offers an interactive and immersive experience by combining virtual and real-world elements and can be applied in areas such as education, training, and gaming. These metaverse technologies will play a crucial role in shaping the future of different industries.

Mega corporations such as Meta have invested billions in developing and implementing the consumer metaverse. Still, the World Economic Forum (WEF) believes that industries, rather than consumers, will drive the innovation and advancement of the metaverse.

 

If you would like to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, and Instagram.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share63Tweet39Share11
Endurance Okpanachi

Endurance Okpanachi

Related Posts

source: pandofinance.com
Bitcoin

Pando Launches Bitcoin ETF in Hong Kong

18 July 2025
source: coinmarketcap.com
Crypto

Global Crypto Market Cap Surpasses $4 Trillion, Marking New Era of Institutional Adoption and Altcoin Growth

18 July 2025
source: theblock.co
Crypto

Backpack Unveils Platform to Connect FTX Creditors with Debt Claim Buyers

18 July 2025
source: coindoo.com
Bitcoin

BTC Digital Dumps Bitcoin for Ethereum in Radical Treasury Pivot

18 July 2025

Featured Posts

What is a Crypto Order Book and How Does it Work?

What is a Crypto Order Book and How Does it Work?

byOlayinka Sodiq
14 July 2025
0

Elon Musk's xAI Colossus: What It Is and Why It’s a Big Deal?

Elon Musk’s xAI Colossus: What It Is and Why It’s a Big Deal?

byOlayinka Sodiqand1 others
12 July 2025
0

Is AI the Future of Crypto Trading or a Threat to Market Stability?

Is AI the Future of Crypto Trading or a Threat to Market Stability?

byOlajumoke Oyaleke
7 July 2025
0

What Are DeFi Options Vaults, and How Do They Work?

What Are DeFi Options Vaults, and How Do They Work?

byOlajumoke Oyaleke
26 June 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

Your Weekend Crypto Roundup | July 2025 (Week 3)

6 hours ago

Account Abstraction Adoption: Are Users Ready for Smart Wallets?

2 days ago

The Role of Real-World Assets (RWAs) in the Next DeFi Boom

3 days ago

Stablecoins in 2025: Still Depegging or Finally Stable?

4 days ago

Your Weekend Crypto Roundup | July 2025 (Week 2)

1 week ago

The Battle for Web3 Infrastructure: Which Platforms are Dominating in Decentralized Storage, Compute, and Identity?

1 week ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

MultiBank Group to List $MBG Token on Gate.io and MEXC During Official Token Generation Event

bychainwire
18 July 2025
0

GSR Leads $100M Private Placement into Nasdaq-listed MEI Pharma to Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

bychainwire
18 July 2025
0

KuCoin Launches xStocks, Delivering a One-Stop Access Point to Top Global Tokenized Equities

bychainwire
18 July 2025
0

Streamex (BSGM) CEO Henry McPhie Highlights BSGM Merger and RWA Tokenization Strategy in Live TV Interview

bychainwire
17 July 2025
0

Numerai Announces $1M Strategic Buyback of NMR

bychainwire
17 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00