Reasons Why the Metaverse Is Important
One of the big buzzwords that have been making rounds for the past few months is “metaverse”. The idea has been around in one avatar or another since the early 90s. The concept of augmented reality can be traced from a novel titled cyberpunk written in 1990. This novel debuted the idea of the virtual world. However, people did not pay any attention to it then. Little did they know that it would be the next big thing in the world in the coming years. Ever since Mark Zuckerburg has announced the shifting of his company Facebook to meta, everyone has been rushing to know what it is. These days metaverse fever is sweeping the tech industry. As the idea is getting more attention of all the Tech giants, people want to know what the hype is all about
Here are some reasons why the metaverse is much more than what you think it is.
Metaverse Economy Over the Real-World Economy
As the idea of virtual reality is spreading like wildfire, the metaverse economy has gained its place in the real world. You might be wondering what virtual economy means. But there is no brainer. It is simply an economy that operates virtually. More transactions will take place in the metaverse than in the real world. That is because the creators will make more items in metaverse than in the physical world. Things like clothes, houses, furniture, cars, and so on. For now, the meta economy is limited to games only. One example is the sandbox. But you will see in coming years the metaverse economy rushing into the virtual world. Already COVID19 has shown us the nightmare of shutting down the economy that the world does not want to see again. In this regard, metaverse will play its role in substituting the real-world experience.
Metaverse: The Future of Tourism
The world is still struggling from the impact of covid19. Different countries have restricted the movement of people to curtail the spread of the virus. In this regard, tourism is a sector that is suffering a lot. In some quarters, it has been estimated that the impact of travel restrictions on the tourism sector could be up to $2 trillion in losses. Keeping in mind the ravaging spread of the Omicron virus, no one knows how long we have to live with the pandemic.
Nevertheless, the tourism domain has up its game with the help of metaverse. It will provide near to real experience with or without any global pandemic, and it will allow the tourists to taste the place before physically visiting there.
New Face of Education
We saw the world crumble because of the devastation caused by covid19. Students all over the world suffered from the mandatory restrictions and necessary lockdown. Although the education sector filled the gap with the help of distance learning using Zoom classes and google meet, they had their faults. That’s where metaverse can play its role and completely change the narrative of distant learning. Augmented reality leverage on augmented reality will undoubtedly connect the students and teachers in a virtually created space that would offer them almost real interaction. It will eradicate the need for physical presence and smooth the process. As the world moves toward technology with time, metaverse can play a vital role in academics.
Engaging and Enhanced Gaming Experience
The gaming field has seen a drastic surge in demand from 2020. Many experts linked it with the pandemic lockdown policy that caused people to shut in their houses and live in isolation. In a bid to overcome boredom, many got involved in gaming. Metaverse is the solution to the increasing demand for a better gaming experience. As we, as a world, already have seen the adopted concept of a metaverse in some video games, it is nothing compared to what will unfold in the future with augmented reality.
Gateway to Web 3.0
Metaverse would usher in a world of social media to let you interact and connect with others directly, just like what we see in sci-fi movies. Turns out that the hype is going to be true. It is the new way of using the internet by transforming it from 2D to 3D. It surpasses the need to click and browse different tabs and pages on 2D screens of computers and mobile phones; this web content is transformed into three-dimensional objects. It will eliminate the screen interface by giving liberty in virtual space, opening a gateway of Web 3.0.
Build A Blockchain World with Metaverse
We cannot separate modern way metaverse from blockchain technology. Cryptocurrency tokenized non-fungible tokens are the hottest technologies of the last two years. Both of these are not possible without metaverse. It is essential for the success of blockchain to either implement it or harmonize it. Cryptocurrency is turning heads because of its increased demand in our finance. We have a number of them in the form of Bitcoin, Ethereum NFTs, and the like. Metaverse is changing the concept of gaming by making games play to earn. It creates a shared digitalized augmented space where you can buy, sell and make NFTs. The well-established nature of blockchain and crypto would introduce necessary stability.
Better Healthcare through Augmented Reality
One sector that will get the most out of metaverse would surely be the health field. Our medical field is moving toward a digital world thanks to all the technologies, and metaverse can surely increase the domain by letting the health worker work in virtual reality. Medical doctors are now well equipped with the gadgets that diagnoses medical outcome and biological processes much earlier using augmented reality.
Metaverse: A Virtual Office
Hybrid work is the future. Most people do not want to be in full-person full-time. Regardless of the pandemic that introduced the idea of remote working, some companies are moving their physical office into shared virtual spaces where employees can work in different avatars. Even cooperation like google apple is seriously contemplating implementing augmented reality. It’s a new definition of a virtual office, a digital workplace you can log into. We have applications like zoom, but because of the limitation, they are not even near the experience of the office environment. However, metaverse can provide much more immense 3D virtual reality to work in.
This is precisely why the metaverse is such a big deal and deserves all the hype: it is knocking right at the gates.