The Extended Reality (XR) industry is projected to grow to over $300 billion by 2025. Over 90 percent of businesses are planning to use (or are already using!) some kind of immersive technology.
We already have many different immersive environments, but they tend to be independent from one another. One of the biggest challenges of AR and VR is the move to one massive, integrated network of virtual worlds.
Facebook is one company leading the effort to create and implement a "metaverse" with practical applications.
Read MoreStudies show that immersive technologies could shift our perceptions of reality in monumental ways, which could alter how we interact with society.
This is a double-edged sword - it unlocks so many new possibilities, but could lead us to become overdependent on technology. We've seen scenarios like this in TV shows like Black Mirror.
