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Telefónica's CEO believes in the future of metaverse

Posted: 19 / 04 / 2022
Telefónica's CEO believes in the future of metaverse
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Recently, José María Álvarez-Pallete, Chairman of Telefónica, appeared before the company's General Shareholders' Meeting and made it clear that the current situation is bringing about one of the greatest technological changes in history: "the greatest era of change in the history of humanity, with the greatest accumulation of technology that no other generation has had until now".

"The metaverse will bring about a more profound change than the arrival of the Internet," CEO of Telefónica.

Words such as "metaverse" or "web3" have arrived in a very short time, helped also by the exceptional situation of Covid-19, and it seems that they are going to provoke a revolution in which the Internet will go from two dimensions to three. A clear example of this is the bets of large companies such as Samsung, which already have their place in this three-dimensional Internet and are committed to digitalisation.

This investment by companies such as Telefónica is increasing due to the change in trend, claiming that data traffic has increased tenfold in recent years, going from a voice service to the arrival of the metaverse or artificial intelligence.

This is why all those companies that are committed to these new technologies will be able to carve out a niche in the market, which will undoubtedly give them a comparative advantage.