Metaverse is coming: who'll reap the benefits this time?
Telcos ranging from China Mobile to Verizon Communications and SK Telecom are jumping into the fray
15 August 2021 - 00:12
About a decade ago, mobile carriers poured billions of dollars into high-speed 4G networks only to see technology giants such as Apple, Facebook and Google walk away with most of the profits fuelled by social media. As operators plough even more cash into 5G, they are betting on a futuristic concept in hope of a fair share of the returns this time.
Telecommunications companies are looking to build a platform based on the "metaverse", an idea that inspired sci-fi movie Ready Player One and online games by market darlings such as Roblox...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.