Despite the pessimistic views of analysts, employees, and consumers, Mark Zuckerberg is not giving up on the Metaverse. He has declared that his company is “doubling down” on their commitment to creating an augmented and virtual reality-dominated future. However, due to various reports of its shortcomings during beta testing, many are skeptical about its potential success.

Those who doubt the potential of augmented reality (AR) and virtual reality (VR) should consider this: forecasts from IDC show that in 2026, spending on AR and VR will amount to a staggering $50.9 billion. Particularly, VR will capture 70% of the total AR and VR expenditure. A wide range of industries are already beginning to embrace this technology, such as discrete manufacturing, healthcare providers, professional services, education and retail businesses.

The potential for Virtual Reality (VR) and Augmented Reality (AR) technologies are huge, which means the future of the Metaverse looks incredibly promising. Nevertheless, there is work to be done in terms of educating people about what precisely the Metaverse is; as many have a misconstrued idea or total lack of understanding.

Those who have embraced the Metaverse by purchasing the Meta Quest and going into Meta’s horizon will experience the latest updates from Meta such as viewing YouTube videos, the use of avatars during video chats with messenger and WhatsApp. These things are linking Meta various products as well as other platforms to VR.

Hopefully all the effort and support Mark Zuckerberg is giving to the Metaverse will pay off.