What is the metaverse, and why is it worth so much money?

Originally published on GamesIndustry.biz by James Batchelor

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The word ‘metaverse’ is becoming almost inescapable, especially for those who peruse technology and games-related headlines.

Most recently, Facebook has been making big noises about transitioning from a social media company to a metaverse one. Meanwhile other companies have raised significant capital — such as Epic Games securing $1 billion — towards similar ambitions (Epic even stated in court earlier this year that Fortnite is not a game, it’s a metaverse).

Jon Radoff, CEO of Beamable and formerly mobile developer Disruptor Beam, has attempted to map out the companies that have either expressed an interest in the metaverse, or at

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