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ANZ: Metaverse, edge computing to miss boom status in 2022

  • updated 9 mths ago

Edge computing, the concept of the metaverse and the enterprise usage of non-fungible tokens (NFT) are among the top technology trends unlikely to emerge as fully-fledged booms in the new year, according to at least one tech market advisory firm.

Chief research officer at ABI Research, Stuart Carlaw, reckons these trends are not likely to have a “meaningful impact” within the technology industry during 2022.

The metaverse, which was thrown into the spotlight by Meta CEO Mark Zuckerberg this year with grand claims of it being the future of Facebook, focuses on the concept of a singular virtual universe, but has been chided by the firm as merely being a buzzword at this stage.

“Despite all the headlines and investments, the metaverse will not arrive in 2022 or, for that matter, within the typical five-year forecast window,” ABI Research claimed in its 70 Technology Trends That Will—And Will Not—Shape 2022 report.

“What we have today is a number of tech companies building their version of a 'metaverse', but this multiverse is not fully interconnected, does not yet widely employ open standards and certainly has not fully embraced extended reality (XR) — all tenets of the metaverse vision,” it added.

Likewise, the firm was also critical of the enterprise relevance of NFTs — essentially virtual receipts stored on the blockchain — which has generated both accord and controversy within online entertainment circles, particularly in art.

“The vast sums being exchanged over NFTs have understandably raised hopes for the application, breathing new life into blockchain interest, as NFTs could potentially also be leveraged to serve more enterprise-focused applications in real estate and manufacturing,” ABI Research said.

“The reality, however, is that enterprise blockchain is a slow-burner. The passion that drives individuals (from artists to fans) has driven the success of NFTs in that space; a mirror of the incentives that drive the market for cryptocurrency and altcoins.”

Continue reading: https://www.arnnet.com.au/article/694000/metaverse-edge-computing-miss-boom-status-2022/

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