Wait, most people don’t even know what the Metaverse is. Here’s a little backstory, plus a few Metaverse 101s thrown in as a good measure.
The word metaverse is mash-up – the word meta comes from Greek and means “next” or “after”. Thus the metaverse means the next universe or beyond. In 1992, Neil Stephenson wrote a science fiction novel Snowfall. In the novel, he describes the Metaverse as a “global digital world” that exists in a parallel universe to the world we know as our normal everyday physical world.
Another way to understand the metaverse is to think of it as the internet we know and love today, but in 3D. It is a digital world that we will be able to enter as individual avatars and then interact with other avatars.
Seems a little out there, doesn’t it?
However, the metaverse is coming, whether you’re ready or not. And the sub-equation will affect every area of our lives once it’s up and running. Now is not the time to shy away from the inevitable. The metaverse is no longer a sci-fi fantasy concept. She’s here, and she’s just getting older. Here are 10 ways the metaverse will change the world.
Related: Top 10 Most Unexpected Future Applications of Quantum Computers
ten The powerful call of digital reality
Logan Paul explains why the Metaverse is changing the world
When someone wears VR glasses and enters into a digital reality of their own design, they will be able to experience the reality of their dreams. It will become so real that people may not want to return to physical reality, or if they do, they may not want to stay there for very long.
Virtual reality will offer more choices and more opportunities to live out your dreams than the physical reality we currently live in. The individual digital worlds will, at some point, be able to interact with each other.
But first we have to settle the question of digital sovereignty. Who will control the metaverse and set the parameters for sharing?
Do we even want to know?
Recently, Mark Zuckerberg changed the name of Facebook to Meta. By doing so, he was basically raising his flag in the metaverse. It’s no different than the explorers who planted flags in the North and South Pole to claim them. Google, Microsoft, and Apple also want to participate in the metaverse in order to get their own piece of the pie. This means that designing for an enhanced user experience is the name of the game when it comes to engaging audiences.
9 Travel and communication through the metaverse
VR Holidays: Globetrotting via Virtual Reality
If you love to travel but have never, in the metaverse you will be able to travel anywhere, meet new and interesting people, and even interact with them and the local environment. You will no longer be restricted by place and time. Of course, you will have to pay for travel or various services, and this is where cryptocurrencies like Bitcoin will come in.
If you need to travel for work, you can travel the metaverse from Singapore to Australia and then to London by simply moving from one room of the metaverse to another.
You will even be able to socialize in the metaverse. Whether you want to meet up with friends across town or meet a friend for coffee at a café when you’re in Seattle and your boyfriend is in Paris, you can find yourself in the Metaverse area. Online dating will actually take place online.
Bye bye Zoom, Skype and Tinder, hello metaverse!
8 Reshaping the global economy
Investors are buying Metaverse properties in a virtual land boom | The Wall Street Journal
The market value of the Metaverse is currently estimated to be around $800 billion by 2025. True believers in the Metaverse believe that it will soon hold most of the world’s wealth. They are already investing in it.
People invest privately by buying virtual real estate. It’s a bit like investing in domain names. Investors buy domain names, put a price on them, and wait for someone to come along and want that domain so badly that they’ll pay hundreds or thousands of dollars for it.
Virtual real estate works the same way. If you get into this type of real estate investing early on, you can win the jackpot down the line.
7 The new face of entertainment
Travis Scott’s 360-degree astronomical party Fortnite in VR | Live Music Event 2020 | no comment
The Covid pandemic has caused huge damage to the entertainment industry. Concerts were canceled and beloved TV shows were interrupted.
But a new way to party has emerged. The digital reality party was co-designed with rapper Travis Scott. Her concert attracted 27 million people who entered the digital reality party as a single avatar.
This unique concert attracted more people than the 20 greatest concerts of all time combined. Concert goers were able to purchase skins for their individual avatars and other types of digital merchandise in the metaverse. That gig alone supposedly earned Travis Scott $20 million.
But it doesn’t stop at paid events. How about going to the zoo? You can think of animals or choose He is One of the animals. If you want to ride a roller coaster, enter a theme park in the Metaverse and ride to your heart’s content. Experience the excitement without getting sick of excess cotton candy.
6 Death Online 2D
Metaverse: What could the future of the Internet look like | Why does it matter 5 | Virtual Reality
The 2D internet we all use today will be replaced by a fully immersive 3D global digital internet. The metaverse will change the way we learn, earn, and communicate with each other, just as the advent of the 2D Internet did in 1995.
The metaverse is evolving from the gaming world, and the Fortnite gaming platform has attracted 350 million players in just three years. These single players spend three billion hours per month in VR. They direct the development of the metaverse like a locomotive engine rushing down a train track.
5 Come on loser, we’re going shopping
H&M opens its first store in Metaverse (H&M metaverse store)
You will be able to shop in the metaverse. Your avatar will be able to try on, buy and have the clothes shipped directly to your physical address. Do you know what this means? No more crying in the fitting room because you can’t fit those jeans you tried on.
Or let’s say you’re shopping for home decor. In the metaverse, you’ll be able to place the item in your own digital reality home to see what it looks like before you buy it and have it shipped to your physical address.
4 Money makes the metaverse go round
Web3, Blockchain, Cryptocurrency: Threat or Opportunity? | Shermaine Fuchshamger | Tedxearn
Cryptocurrency enables digital transfer of assets. It’s 100% virtual and likely to replace all other types of money. In the metaverse, digital currencies will be used in place of standard physical currencies and even credit cards. Crypto will become the most convenient way ever to exchange currencies for goods and services.
There will be no need for gold, silver or paper money to back up cryptocurrency thanks to the innovative system that keeps track of all digital buying and selling transactions. Systems like Blockchain maintain the integrity of everyone in a particular crypto network. System fraud is next to impossible – no fish here. All transactions are open and trackable.
The advantage of encryption is that it is decentralized. All transactions are recorded in a digital ledger, and everyone in a given network has a copy of this ledger. This eliminates the need for intermediaries – banks. International payments can be made instantly. With banks, it takes longer. There are no spending limits other than crypto wallet balance, no exchange rates and no interest rates.
Cryptocurrencies have the potential to revolutionize money and create value. Tokens can represent anything from physical goods to digital goods. It is the next generation of all global currencies, and you may want to start understanding what it is and how it works.
Education in the Metaverse
The entire structure of education will be changed. Students may or may not choose to attend college in the physical world. Alternatively, they can take virtual university courses in the metaverse.
Suppose you are studying the Roman Empire. In the metaverse classroom, you can have a fully immersive experience. You can literally step into the Roman Empire period and experience life as it was back then. So a few decades from now these lucky kids won’t have to attend another boring conference.
Do you want to learn the theory of relativity? Why not sign up for a course offered by Albert Einstein on the Metaverse?
2 a job
One aspect of the business that the metaverse will affect is that people within the same company can be spread across the globe. However, they would be able to find themselves in a metaverse situation to think at high levels of creativity in order to solve problems. The metaverse will make interactions between people more interesting and communicative than in the two-dimensional world of the Internet. The result? No more awkward Zoom meetings where someone spends the entire conference like a potato.
Corporate hierarchies will be set aside so that everyone, regardless of their position in the company, has equal status in a corporate environment to express their individual talents. The creativity of individuals will be easier and easier to exploit.
The metaverse will literally serve as a platform to break business boundaries, creating highly creative and innovative problem-solving teams.
1 Sports and exercise
Fitness in the Metaverse?
You can connect your exercise bike from the physical world to your computer, enter the metaverse and participate in the Tour de France. Or compete in the Olympics against Usain Bolt. Will the metaverse make football stands obsolete because people can watch matches in the metaverse? who knows. Only time will prove it.
How about working with a personal trainer? Set an appointment and meet in the metaverse. You will no longer have to arrange a date at the gym in the physical world. And you don’t have to worry about gym jerks hitting the weights or breathing down your neck as you complete your workout. Talking about freedom of exercise Effective way without leaving your living room.