Huawei Has Issued A Statement That Is Pertaining To Metaverse And 5G

Huawei, the cellphone manufacturing giant from China has recently posted a report pertaining to the potential of the metaverse.

The company has claimed in its report that the metaverse is a trillion-dollar technology that will go a long way. It is going to revolutionize the world of virtual experiences.

However, there is one major problem that needs to be addressed before the full potential of metaverse technology is unleashed.

Huawei is concerned about Metaverse’s Future

Huawei has claimed in its report that given the current situation of networking, it is difficult for the metaverse to operate at its full potential.

The virtual reality worlds that the metaverse technology wants to interconnect would require faster networks. Unfortunately, the current technology is not fast enough to support this capability.

The internet speeds have to be much higher than they are right now for most users from around the world.

Until this issue is resolved, the metaverse technology will not be able to expand to its full potential. The users will always remain deprived of experiencing the full potential of the metaverse technology.

The current network speeds and connections are not good enough to support the full potential of the metaverse technology.

5G Accessibility around the World

The recent research carried out by Huawei shows that out of the total networks from around the world, only 25% have 5G capability.

Even the 5G networks need a lot of improvement before they can start delivering the performance and speeds that they are expected to deliver.

There is just too much network unreliability due to the lags and the packet losses, which suggests that the network connections are not good enough.

Therefore, prior to the implementation of metaverse technology on a worldwide scale, it is important to have faster and more reliable network speeds.

The majority of the networks are currently supporting the 4G technology. However, 4G connectivity is slow and faces major disconnection issues, making it an unreliable technology.

With the current state of the infrastructure being almost unreliable, it is impossible to implement the metaverse technology on a global scale.

Implementation of the 5G and 6G Networks

Huawei stressed that because of the problems faced with the 4G networks, it is important that the 5G networks are implemented all over the world.

They will dramatically increase the connectivity speed and make things much more favorable for the implementation of the metaverse technology.

To make things, even more, interesting and favorable for the metaverse technology, the 6G technology can be introduced. This will offer even faster speeds that would take the metaverse technology to the next level.

The magnitude of the metaverse technology will grow tremendously with the implementation of the 5G and the 6G networks.

A Trillion Dollar Industry

Although the metaverse technology had been introduced as part of the crypto-blockchain technology it has become an entirely new industry.

If the metaverse technology keeps finding the right kind of support and expansion (advancement), it will grow into a trillion-dollar industry.

It already has that potential but it needs the right approach and the technology that can back it up, bringing it to bigger crowds.

If an open metaverse technology is introduced, the big tech sector may get impacted dramatically.

The cellphone manufacturer referenced a research report that was recently shared by Citibank.

The bank had revealed that based on their research, the metaverse technology has the potential of becoming a trillion-dollar industry.

It claimed that by 2030, the metaverse industry will turn into an $8 to $13 trillion industry.

The metaverse technology is based on blockchain networks that can offer their own ecosystems within the metaverse.

With the consumers moving to the metaverse, it will be the blockchain-based companies generating stronger revenues. The real-world tech sector may end up losing its attraction.