Nokia is predicting the end of smartphones at the hands of the metaverse.
Metaverse in, phones out – by 2030
Remember your first mobile phone? If it was a Nokia you’re not alone. Many of us grew up in the early days of mobile/cell phones with their distinctive phones.
Anyway, Nokia, now controlled by Finnish brand HMD Global, is now reportedly crystal balling a decline in the use of mobile phones and the rise of a “6G”-powered metaverse.
Sound like long-held sour grapes/apples over losing its grip on the mobile phone market? Possibly, but let’s hear it out anyway.
As reported by Washington publication The Spokesman Review, the telecommunications giant sees the metaverse, which is largely held to be blockchain-led technology, becoming humankind’s primary source of communication by the end of this decade.
Nokia reportedly concedes that mobile phones will still be a thing, but it has a firm belief that augmented reality (AR) and virtual reality (VR) devices will go some way to superseding current telecommunication devices, including smartphones.
Nokia believes that by the end of this decade, the metaverse will have surpassed smartphones as the primary mode of communication.#Nokia #telecommunication #metaverse #smartphones #metaversenews pic.twitter.com/h1HCg2NUjE
— Web3 Daily (@Web3Daily_) October 21, 2022
“Our belief is that this device [the smartphone] will be overtaken by a metaverse experience in the second half of the decade,” said its chief strategy and technology officer Nishant Batra.
Nokia has identified two slightly frightening-sounding concepts that could enable this shift – human augmentation and digital-physical fusion.
The former simply refers to the development and adoption of devices such as VR headsets and AR eyeglasses. And digital-physical fusion means the integration of real-world objects, systems and processes represented in the digital world.
Cryptoys is an example of a company that’s attempting to make strides in the realm of “phygital” technology.
“Widespread adoption of the technology from both corporations and consumers will be critical for it to really take off, and this will also depend on the availability of affordable, ergonomic wirelessly connected VR and AR devices,” added Batra.
And for the hundredth time, what is the metaverse again? Have a read on Stockhead here, and here.
All hype and no substance at this stage? It’s easy to believe that, and yet the amount of interest in the metaverse seems to have steadily progressed right on through the bear market.
Google, Microsoft, Meta, Epic Games, Warner Brothers, Walmart, Roblox, Nvidia… the list of huge brands, giant companies investing time, money and resources into this thing is only growing.
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