Explained: China's splash in the metaverse pool

Regulatory overhang notwithstanding, China is seeing rising interest among tech firms in all things metaverse.

It may be the big buzzword in technology, but the metaverse—what it means, what it entails and so on—remains a virtual mystery for most.

In January, Microsoft cited it as a reason for its acquisition of Activision Blizzard for a whopping $68.7 billion, saying it will provide “building blocks for the metaverse”. Last year, Facebook rebranded itself as Meta Platforms and saw founder Mark Zuckerberg talking up the technology endlessly. Meta’s Reality Labs segment has already pumped $10 billion into the metaverse—an astronomical figure that comes amid Facebook’s first ever fall in user growth in the December quarter. …

Author

Nikhil Varma

Nikhil used to a writer at The Morning Context. He is a graduate of the Asian College of Journalism, and has worked with several publications including the Deccan Herald, The Hindu and The Indian Express. He has reported on a wide range of topics, from technology to automotives to books.

nikhil@mailtmc.com