TECH SUPPLIER Mar 2022 - Market Perspective - Doc # EUR148958122

Metaverse and Web3: Toward the Next Big Flip? Key Takeaways from IDC's CIO Advisory Board — February 2022

By:

Luca Butiniello,
Philip Carter
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,
Ed Lee
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,
Tom Mainelli
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,
Phillip Silitschanu
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Abstract

This IDC Market Perspective assesses the rise of Web3 and the Metaverse in the context of the broader technology market. Drawing from a CIO Roundtable discussion held in February 2022 and moderated by IDC, this IDC Market Perspective provides definitions and a general overview of these technologies, as well as some initial thoughts on what these latest trends will mean for organizations' digital efforts in the future.

"We believe the technology world is being potentially shaken by the next 'big flip' in the form of the combination of Web3 and the Metaverse — technologies that will be intrinsically intertwined over the long term. This means the Metaverse and Web3 have a symbiotic relationship, with one potentially feeding the other and vice versa," said Phil Carter, group vice president, IDC.


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