WebMe #TechVision Defining Metaverse So, what does this all mean for enterprises? In other words, our current For the better part of two decades, businesses systems are designed to and Web3 have been on a journey to build out digital be used in the exact set of capabilities ranging from e-commerce With so much attention being paid to the future of the offerings to analytics platforms, digital constraints that the next internet, it is critical leaders have a firm understanding of the experiences, virtual workforce tools, and so generation of the internet new concepts emerging and their implications. While many much more. The global digital transformation is looking to eliminate. 39 technologies and efforts are encompassed by what Accenture market is set to grow to $1.25 trillion by 2026. defines as the “Metaverse Continuum,” thought leaders in this And the value unlocked by these solutions has Metaverse and Web3 innovations are space often have different definitions (some complementary, become a mainstay of companies’ bottom transforming the fundamental underpinning some contradictory) for the various ideas, and the fuzziness lines and a driver of the global economy. In and operation of the virtual world. Instead of the different terms at play can make discussions tricky. fact, the World Bank estimates that today’s of the internet as a disparate collection of digital economy is now responsible for 15.5% sites and apps, metaverse efforts envision Accenture sees the metaverse as “an evolution of the internet of global GDP, and is growing at a rate 2.5 a persistent 3D environment, imbued with 40 that enables a user to move beyond browsing to inhabiting and/ times faster than global GDP. But all of these a sense of place, where moving from work or participating in a persistent shared experience that spans the solutions were built for, and value is being to a social platform is as simple as walking spectrum of our real world to the fully virtual and in between.” created from, the internet as we know it today: from the office to the movie theater across a digital world where the platforms that drive the street. Web3 further shapes this While Web3 is an evolving term, in this report we use it to refer value are often separate and distinct from one evolution by introducing a data framework to the emerging initiatives that are leveraging technologies like another, where lack of interoperability and that generates veracity, trust, and even blockchain and tokenization to build a more distributed data data portability are often assumed as design scarcity – things we’ve long had conventions layer into the internet. constraints, and people spend more time for in the physical world but have in many “offline” than in the virtual realm. ways evaded us in the virtual ones. Introduction // WebMe // Programmable World // The Unreal // Computing the Impossible 24