Metaverse News

Nokia Believes Smartphones Will Be Overtaken By Metaverse

Nokia, one of the first businesses to produce a consumer-grade mobile phone system, now believes that the metaverse will render phones obsolete.

The manufacturer of a mobile phone system predicts the end of the current mobile phone trend at the hands of the metaverse. While phones will continue to exist, metaverse experiences will become the major mode of communication in the second part of the decade.

While augmented reality devices have a long way to go, Nokia believes there will be increased audience interest in such gadgets, supporting this metaverse drive. Nishant Batra, Nokia’s chief strategy and technology officer, is optimistic. He stated:

“Our belief is that this device will be overtaken by a metaverse experience in the second half of the decade.”

According to Batra’s remarks, various elements must align for this metaverse-based future to come to fruition.

In the consumer space, Nokia believes that the growth of this digital-based universe will be determined by several variables, including the efforts of firms such as Meta to make the metaverse a trend.

Furthermore, as the CEO indicated, customers are more concerned with pricing and form than institutions. He elaborated:

“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.”

Nokia anticipates that these connections will lead to security flaws, and the corporation is likewise striving to safeguard users in the metaverse.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

15 minutes ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

45 minutes ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

2 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

2 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

3 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

5 hours ago

This website uses cookies.