Metaverse Will Change The World
Metaverse is a revolutionary new digital ecosystem that will change the world. Discover its features and benefits in this article.
Metaverse is a compound word – Meta comes from Greek and means “next” or “next.” Metaverse means the next universe or beyond. In 1992, Neal Stephenson was the author of the science fiction novel Snow Crash. In it, he describes the Metaverse as an “enveloping digital world” that exists in a parallel universe to the one we know as our ordinary, everyday physical world.
The best way to understand Metavers is to think of it as the Internet we now know and love, but only in 3D. It’s a digital universe we can join as personalized avatars and interact with other people’s avatars.
It sounds a bit strange.
However, whether you’re ready for it or not, the Metaverse is coming. And the Metaverse will affect all areas of our lives as it works. This is not the time to run away from the inevitable. Metaverse is no longer a sci-fi concept. It’s here, and it’s only getting bigger and bigger. Here are ten ways the Metaverse will change the world.
The powerful appeal of a digital reality
When a person wears virtual reality glasses and enters the digital reality of their unique design, they will be able to live the truth of their dreams. It will be so real that people may not return to physical reality, or if they do, they may not want to stay in it for too long.
Virtual reality will have more options and opportunities to fulfill your dreams than the physical reality we live in today. Individual digital worlds can interact with each other at some point.
But digital sovereignty must be aligned first. Who will control the metavers and set the criteria for participation?
Do we want to know?
Recently, Mark Zuckerberg changed Facebook’s name to Meta. In doing so, he is essentially planting his flag in the Metaverse. This is no different than the explorers who used to produce banners at the north and south poles to claim them. Google, Microsoft, and Apple also want to enter the supermarket to take their piece of the pie. Enhanced user experience design is the game’s name for mass appeal.
Travel and connect through the Metaverse
Suppose you like traveling but have never done it in the Metaverse. In that case, you will travel everywhere, meet new and interesting people, and even interact with them and the local environment. Space and time will no longer bother you. Of course, you have to pay for travel or services, for which Bitcoin and other cryptocurrencies come in handy.
If you need to travel for work, you can take the Metaverse from Singapore to Australia and then London by simply going from room to room on the Metaverse.
You’ll also be able to socialize on Metaverse. Whether you want to hang out with friends from across town or meet a friend for coffee at a coffee shop when you’re in Seattle and your friend is in Paris, you’ll be able to meet in the supermarket. Online dating will take place literally online.
Goodbye Zoom, Skype, and Tinder — hello Metaverse!
Reshaping the global economy
Metaverse’s market value is estimated at $ 800 billion by 2025. True believers in the Metaverse claim it will soon hold most of the world’s wealth. They invested in it.
One way that people are investing is by buying virtual real estate. It’s like investing in domain names. Investors buy domains, put a price tag, and wait for someone to come along and want the environment so badly that they’ll pay hundreds or thousands of dollars.
Virtual real estate works the same way. If you get into this type of real estate investing early on, you can make a small fortune.
The new face of the entertainment industry
The Covid pandemic has severely damaged the entertainment industry. Concerts have been canceled, and popular TV shows have been cut short.
But a new way to organize concerts has emerged. A digital reality concert has been designed with the participation of rap artist Travis Scott. His performance attracted 27 million digital reality concertgoers as personal avatars.
This single performance drew more people than the 20 greatest concerts combined. Concertgoers can purchase skins for their avatars and other digital goods while in the Metaverse. Supposedly, this single concert grossed Travis Scott $20 million.
But it doesn’t just stop at ticketed events. How about going to the zoo? You can look at the animals or choose to be one of the animals. If you like to ride a roller coaster, get into an amusement park within a theme park and go to your heart’s content. Experience the thrill without getting sick of the cotton candy overload.
The death of the Internet 2D
The 2D Internet we all use today will be replaced by the fully immersive, 3D digital world Internet. Hyper-reverse will change how we learn, make a living, and connect, much like the arrival of the 2D Internet in 1995.
Metaverse is growing out of the gaming world. The popular gaming platform has attracted 350 million players in just three years. These players alone spend three billion hours a month in virtual reality. They led the development of the Metaverse as a locomotive that is thrown on the railroad tracks.
Join, Loser, We’re in Meta-Shopping
You will be able to shop in the Metaverse. Your avatar can try on clothes, buy them, and have them shipped directly to your physical address. Do you know what it means? Stop crying in the dressing room because you can’t wear the jeans you tried on.
Or maybe you’re shopping for decor. In Metaverse, you can place the item in your home digitally to see what it looks like before you buy it and have it mailed to your address.
Money makes Metaverse Go spin.
Cryptocurrency allows the transfer of digital resources. It is 100% real money and can replace any money. In Metaverse, digital money is used as an alternative to physical currency and conventional credit cards. Cryptocurrencies will become the most convenient way to exchange coins for goods and services.
There will be no need for gold, silver, or paper money to back the digital currencies as the system cleverly keeps track of all digital purchases and sales. Systems like blockchain keep everyone honest in a certain network of cryptocurrencies. Phishing the procedure is almost impossible — there’s no personalization here. All transactions are public and traceable.
The edge of cryptocurrency is that it is decentralized. All transactions are recorded on a digital register, and everyone on a particular network has a copy of that register. This eliminates the need for mediators – banks. International payments can be made instantly. With banks, it takes longer. There are no spending limits, exchange rates, or interest except for the balance in your crypto wallet.
Cryptocurrencies have the potential to convert money and create value. Tokens can represent anything from physical to digital objects. This is the next generation of global coins, and you have to wonder what it is and how it works.
The educational structure will be completely changed. Students can or cannot study or choose universities in the physical world. Instead, they can take virtual college classes on Metaverse.
Let’s say you’re researching the Roman Empire. In the metaverse classroom, you can have a completely immersive experience. You can step into the time of the Roman Empire and experience life as it was then. So those lucky kids won’t have to sit and read a boring lecture in a few decades.
Do you want to learn the Theory of Relativity? Why not sign up for a class taught by Albert Einstein in the Metaverse?