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The Metaverse: What It Is, Where to Find it, and Fortnite
Michael Beach
January 30, 2020
Quick read: Matthew Ball goes deep (8K+ words) on how games such as Fortnite may be a bridge to the metaverse.
WTF is the metaverse??? Wikipedia defines the metaverse as a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the internet.
Why this matters: Global revenue for video games is already double the size for music and growing at a faster rate. Imagine how large that market could be if/when this happened!
Global video game revenue (YoY growth) according to Activate Consulting:
1) 2016 – $92B
2) 2017 – $105B (↑ 14%)
3) 2018 – $113B (↑ 8%)
4) 2019P – $123B (↑ 9%)
5) 2020P – $133B (↑ 8%)
6) 2021P – $145B (↑ 9%)
7) 2022P – $156B (↑ 8%)
8) 2023P – $171B (↑ 10%)
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