The metaverse is expected to gain momentum in the mass market in 5-10 years, while various emerging technologies require regulation in a responsible manner without undermining the innovative power of technology, according global tech powerhouses Meta and Amazon Web Services (AWS).
"The metaverse is about bringing a much more heightened sense of presence to our online communications," said Simon Milner, vice-president for public policy of Meta, the parent of Facebook.
"It's about moving away from flat screens to be in a more immersive environment -- whether using a device, one of our platforms or other people's apps or technologies."
