These metaverse experiences will be powered by the use of virtual reality (VR) headsets and augmented reality glasses, and will allow users to interact in multiple activities. Industrial use will also be important.
Nokia predicts the fall of the cell phone to the metaverse
Nokia, one of the first manufacturers to create a cell phone system, predicts the fall of the current cell phone trend to the metaverse. While phones will still be around, metaverse experiences will be the main form of communication in the second half of the decade.
While augmented reality devices still have a ways to go, Nokia believes that public interest in these devices will increase, fueling this metaverse push. Nokia’s chief strategy and technology officer, Nishant Batra, is confident about this. He said::
Our belief is that this device will be overtaken by a metaverse experience in the second half of the decade.
But several factors must be aligned for this metaverse-based future to materialize, according to Batra’s statements.
The keys to Nokia’s digital future
In the consumer arena, Nokia believes that the rise of this digital world will depend on several important factors, including pressure from companies like Meta to make metaverse a trend. Also, as the executive has previously stated, consumers are more concerned about price and form than institutions. He explained:
Widespread adoption of the technology by both businesses and consumers will be critical for it to really take off, and that will also depend on the availability of affordable, ergonomic, wirelessly connected VR and AR devices.
Along these lines, prices for popular metaverse headsets have been rising lately, with Meta raising the cost of its base headset to $400 in July. Earlier this month, the company also introduced a high-end option, the Quest Pro VR, which is priced at $1,500.
However, monetization of the metaverse will be difficult to achieve, as the company believes there will be fragmentation, with monetization dependent on the growth of different use cases for metaverse experiences and devices. Industrial adoption will be easier to achieve, as some use cases are already being explored.
Nokia anticipates that all this connectivity will create security vulnerabilities, and the company is also working on securing users in the metaverse.