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Mark Zuckerberg, CEO of Meta, formerly Facebook, has shared how the metaverse will be a key part of his business and bring hundreds of billions of dollars in revenue. \u201cOur playbook over time has been build services, try to serve as many people as possible,\u201d said Zuckerberg. \n The Facebook co-founder explained that he expects the metaverse to be massive and become a major part of his company\u2019s business over the next decade. Commenting on Meta\u2019s metaverse efforts, Zuckerberg said:\n<\/p>\n Our playbook over time has been build services, try to serve as many people as possible \u2014 you know, get our services to a billion, two billion, three billion people, and then we basically scale the monetization after that.<\/p>\n<\/blockquote>\n \n Some examples of what people can purchase are \u201cclothing for their avatar or different digital goods for their virtual home or things to decorate their virtual conference room,\u201d Zuckerberg listed. He added that people can also buy \u201cutilities to be able to be more productive in virtual and augmented reality and across the metaverse overall.\u201d<\/p>\n However, he admitted that there is a long way to go, stating:\n<\/p>\n I still think it\u2019s going to take a while for it to get to the scale of several hundreds of millions or even billions of people in the metaverse, just because things take some time to get there.<\/p>\n<\/blockquote>\n \n Zuckerberg envisioned experiences in the metaverse to be more immersive than text, photos, or videos, noting that people can even make eye contact when meeting in the metaverse. The technology \u201cbasically adds up to making it deliver this realistic sense of presence,\u201d the Facebook co-founder added.<\/p>\n \u201cWe are at this point, you know, a company that can afford to make some big long-term research investments, and this is a big focus,\u201d the Meta CEO opined.<\/p>\n Last week, Meta, Microsoft, and 31 other companies formed a metaverse standards group<\/a>. In March, Meta filed eight trademark applications<\/a> for its logo and Meta Pay<\/a> covering the metaverse and crypto services.<\/p>\n Several large firms have estimated the size of the metaverse. McKinsey & Company<\/a> said last week that the metaverse could generate $5 trillion by 2030. In March, Citi<\/a> predicted that the metaverse could be a $13 trillion opportunity with five billion users by 2030. Global investment banks Goldman Sachs and Morgan Stanley<\/a> both see the metaverse as an $8 trillion opportunity.<\/p>\n
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<\/strong>\n<\/p>\nMark Zuckerberg on the Metaverse<\/h2>\n
\nMark Zuckerberg, the CEO of Meta Platforms, formerly Facebook, talked about the metaverse in an interview on Wednesday with Jim Cramer, the host of CNBC\u2019s Mad Money.<\/p>\n\n
\n\u201cWe hope to, basically, get to around a billion people in the metaverse doing hundreds of dollars of commerce each,\u201d he continued, adding that people could be \u201cbuying digital goods, digital content, [or] different things to express themselves\u201d in the metaverse.<\/p>\n\n
\n\u201cSo that\u2019s the north star. I think we will get there. But, you know, the other services that we run are at a somewhat larger scale already today,\u201d he affirmed.<\/p>\n