2022 Meta Expo Singapore Web3 Summit
The concept of metaverse has become a hot, trending topic worldwide, attracting massive attention from both the technology industry and venture capital market. Statistics show that over the first five months of 2022, more than $120 billion worth of capital had been invested in building metaverse technology and infrastructure. This figure is more than double the $57 billion invested in 2021.
According to a June 2022 report by McKinsey & Company titled 'Value Creation in the Metaverse', the virtual world is projected to reach US$5 trillion in value by 2030. McKinsey conducted a survey of more than 400 senior leaders and concluded that more than 95% of those business leaders believed that the metaverse will have a positive impact on their industry within the next 5-10 years.
The word "metaverse" is a combination of "meta", meaning "beyond", and "verse" which is an abbreviation of "universe". The metaverse is meant to explore the next stage of the internet through a continuously shared virtual space supported by AR, VR, 3D and other technologies. It is also known as the third generation of internet technology. The metaverse is a new internet application and form of social media that integrates a variety of new technologies, providing an immersive experience based on extended reality technology and generating a mirror of the real world with Digital Twin technology. With an economic system built upon blockchain technology, the virtual world finally integrates with the real world in terms of economic systems, social systems and identity systems, allowing each user to create and edit their own content.
This concept was traced all the way back to the novel "Snow Crash" published by American science fiction writer Neal Stephenson in 1992. In 2021, this metaverse concept went viral as Facebook, Tencent and ByteDance entered the sector one after another with ambitions of being the bellwether. Recently, the metaverse concept has been increasing in popularity. If there is anything that will disrupt the global entertainment industry over the next five to ten years the way Tesla disrupted the global automobile industry, many believe it will be the metaverse. The 2022 MetaExpo Web3.0 Summit is being held against this backdrop.
Vision: To be the most popular social platform for metaverse ecosystems.
Mission: To connect the industry ecosystem by building a platform for sharing knowledge, matching resources and empowering enterprises with information and solutions.
Values: Open, collaborative and mutually beneficial.
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