Meanwhile, Meta has invested a staggering $100bn on metaverse research and development to date, $15bn in the past year alone—with apparently little to show for it. . . . In April, Sony and Lego invested $2bn in Epic’s metaverse vision. In January, Microsoft moved to acquire another games giant, Activision Blizzard, makers of World of Warcraft, Overwatch, Call of Duty and Candy Crush, for nearly $70bn. . . The metaverse was valued at nearly $23bn last year and is expected to grow nearly 40% a year for the rest of the decade. As the Epic co-founder and CEO Tim Sweeney put it last year: "The next three years are going to be critical for all of the metaverse-aspiring companies. . . . Whoever brings on a billion users first would be the presumed leader in setting the standards."
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