The battle for the future of the metaverse is on with the biggest names in tech, from Microsoft (MSFT) - Get Microsoft Corporation Report to Meta and Apple (AAPL) - Get Apple Inc. Report to Sony (SNE) - Get Sony Corp. Report investing in hardware interfaces to pair with platforms they are building.
Virtual and augmented reality eyewear is the primary interface that developers from all the major electronic companies are producing in the hopes that users will adopt the ecosystem of the manufacturer.
Facebook, now Meta purchased Oculus in 2014 and has all but declared that it will be a dominant force in the development of the Metaverse. Mark Zuckerberg's recent presentation even had Matrix star Keanu Reeves balking at the concept of Facebook as "inventor" of the metaverse in an interview with The Verge.
Sony has been upping its game by adding more handheld accessories to the Playstation VR for further enhancement of the VR experience. Apple has been optimizing its chipsets for metaverse applications and plans a release of its headset or eyewear with build-in Metaverse functionality.
However, other smaller and more decentralized companies are focused on creating user experiences such as the recent music festivals hosted by Roblox and Decentraland which offered games, merchandise stores with NFTs, and virtual meet and greets.
Crypto supporters are concerned that their vision of a decentralized world is at stake and users of development sites like Axie Infinity and The Sandbox which have been steadily building user bases fear that the huge financial advantage of the mega-cap companies will dominate the space and relegate small startups to the fringes of the metaverse.