These Swiss companies are leaders in the metaverse

For the first time, an overview shows which companies and institutions are leading in Web 3.0 and Metaverse.

According to Utpal Chakraborty of SwissCognitive, the Metaverse will become the largest virtual marketplace in the next five to ten years. The Metaverse will remove the physical boundaries we humans face. Thanks to a digital twin, one can be in several places at the same time. According to Chakraborty, one can expect a fully democratic, decentralised global business platform, regardless of the size and type of company.

"With the Metaverse, we see a similar pattern to the introduction of the mobile phone in the early 2000s," said Mark Forster, founder of Adello and Lab51 Inc. and chair of the Metaverse taskforce at IAB Switzerland. "Our recent survey of the Swiss digital advertising industry found that while 71 per cent of respondents believe the Metaverse offers opportunities for their business, only 25 per cent are either working on projects or have launched initial projects. However, we tend to overestimate the technology in the short term and underestimate it in the long term," Forster is quoted as saying in a statement.

Switzerland as the next Silicon Valley for crypto and blockchain

The hype is there, but the actual metaverse is not (yet). "The metaverse is based on different technologies that are in different stages of development and application. Time will tell when these fascinating technologies mature and culminate in what we will consider the actual Metaverse."

Although Switzerland is a small country, it is not lacking in innovation. In an article from GlobeNewswire the following is mentioned: "As Switzerland is practically synonymous with the tech movement, it is often referred to as the next Silicon Valley for crypto and blockchain." Switzerland is home to many exciting companies in the digital metaverse space, according to a statement from Adello. The Swiss Metaverse Ecosystem published by Adello shows the most important companies shaping the Web3 and metaverse future of Switzerland.

Source: personal