By: Economic & Finance Report
Is the tech company the answer for the metaverse? Its software is making a play to be just that; a big player in the metaverse spectrum. The software tools and technology that Adobe (ADBE) encompasses certainly put them in a position of power in the metaverse sphere.
The metaverse exploded on the scene in 2021 with the backing of Facebook (Meta: FB) founder Mark Zuckerberg. It has been around before then, but Zuckerberg’s cosign definitely gave the “Meta” a boost into the formal realization lexicon per se. Microsoft (MSFT) has also been influenced with the metaverse world and is also getting involved. It seems that Adobe is looking to signify a large effect on the metaverse though.
As growth slowed down for Adobe (ADBE) in the software tool arena during the 4th quarter, it can now pivot into the 3D world of the metaverse to utilize their software tools and build onto creatively on what they have already begun.
-SB
Image Source: Adobe Twitter