IS THE METAVERSE THE FUTURE?
Early on in October 2021, the virtual world took the physical one by storm. Although this was primarily due to Facebook’s rebranding as Meta, the hype did not end there. Soon enough, the metaverse began trending and gaining incredible adoption.
Unfortunately, the trending news feeds and articles don’t seem to answer some of the questions, like, is the metaverse the future? Is it just a trend? or Is the metaverse here to stay?
If you are curious and eager to find the answer to these questions, then stick around.
In this article, we will be guiding you as we quiet the speculations on the future of the metaverse.
AN OVERVIEW OF THE METAVERSE
Wikipedia defines the metaverse as a network of 3D virtual worlds focused on social connection.
Let us give a more in-depth definition.
The metaverse refers to a realistic virtual world focused on community and filled with immersive opportunities for work, social interactions, transactions, creation, and even entertainment.
Already, the metaverse is calculated to have a market value of well over $100 billion. In addition, the ecosystem is believed to be responsible for the incredible adoption of NFTs globally. This adoption has translated to over $440 million in virtual land prices!
As if that was not mind-blowing enough, Roblox, a virtual gaming world, garners over 42 million users daily.
Facts like those stated drive home one point; The metaverse is here to stay, and it is already being adopted globally.
However, we’re not done. If the statistics around this phenomenon haven’t convinced you yet, then we have more for you.
Continue reading to discover the industries that will be transformed by the metaverse.
INDUSTRIES THAT WILL BE TRANSFORMED BY THE METAVERSE
We know you have seen articles that prove that the metaverse is the future of gaming. Of course, that’s accurate, but there’s far more to this emerging technology.
In fact, there are many industries already adopting the metaverse. If this isn’t proof that the Metaverse is here to stay, then what is?
Below are a list of some of the industries experiencing a metaverse revolution:
- Businesses and Start-ups:
During the lockdown, businesses adjusted to a remote or hybrid model for work. Now, the metaverse is taking it to a whole new level.
Why be stuck in a boring desk when you can take your meetings beside a calming waterfall? Can you imagine discussions on architecture with 3D floating holograms of the plan? What about getting a cool avatar to represent you in meetings? All these and more are possible using the metaverse.
The applications of the metaverse to business are unlimited. This immersive technology promises new levels of social connection, mobility, and collaboration to a world of virtual work.
Already, metaverses like Nextmeet are combining immersive experiences with business.
- Media and Entertainment:
Imagine Dragons, Ariana Grande, Travis Scott, BTS, Post Malone, and several other artists have held VR concerts in the last one-and-a-half years. But guess what? There’s more!
Companies like Walt Disney are preparing to build theme parks in the metaverse.
The ultimate goal is to provide immersive entertainment globally regardless of any limitations.
Aren’t you excited to imagine what this technology could also bring to the movie industry?
The only limit is our imagination.
- Fashion and Wearables:
Fashion has always been a form of expression and that doesn’t change when it comes to the metaverse. With the entry of this virtual ecosystem comes the autonomy of true representation.
However, digital fashion is not limited to clothing for avatars. It involves the digital design and modeling of real-world clothing as well as the uploading of designs for real and digital clothing onto the blockchain.
An exciting example of the merging of fashion and the metaverse is the metaverse fashion week which ran from March 24 to March 27.
- E-Commerce:
Metaverse technology promises a seamless experience that makes it easy for shoppers to find exactly what they want, exactly when they want it. In addition, this technology will enable brands to customize the shopping experience at an unprecedented scale.
Although traditional stores allow for physical assessment, AR shopping will offer product interaction and personalization.
- Education:
While we do not aim to completely replace the traditional system, the metaverse has enormous potential to impact the educational sector.
By using the technology of the metaverse, students and teachers are not limited to their geographical locations. More importantly, students can be taught in an immersive 3D environment.
From checking historical landscapes virtually to playing educational games, the metaverse presents a revolutionary way of learning.
- Military and Security:
The integration of virtual experiences and security is nothing new. In fact, the military has been experimenting with virtual worlds since the 1980s.
Now with noteworthy advancements in metaverse technology, soldiers can be prepared for combat experiences in a realistic and immersive world. By integrating tools, techniques, and personalized data and records into one environment, a defense metaverse may emerge.
Also, the metaverse could help military and security bodies in matters of recruitment, combat simulation, experimentation, and even trauma treatment.
Although we only focused on six industries, the Metaverse is bound to affect far more. One day, the grand vision for a virtual reality space for socializing, play, work and commerce will be realized.
ANSWERING THE QUESTION…
So, is the Metaverse just a trend? Is it here to stay? We think you know the answer now.
It is quite clear that the metaverse will become the future of entertainment, business, and even education.
It is universally agreed that the Metaverse will be a new reality where people come together to trade, connect and enjoy immersive experiences.
If this virtual ecosystem sounds exciting to you, then we’ve got great news.
Space is a stunningly realistic 3D world where you can define who you want to be, meet with people from all around the world and build your life and career. So come aboard as we usher in a new era of immersive experiences.
ABOUT SPACE
SPACE is a metaverse catering to the arts and commerce and aiming to provide powerful builder tools that allow users to design and create immersive commerce spaces without barriers.
It acts as the glue to the various metaverses, bridging the many virtual worlds into one trading hub. We are focused on creating a vibrant user-owned economy through unifying knowledge, joint effort, and fair rewards distribution based on a culture of collaboration and economic opportunities.
For more information on this immersive and personalized metaverse, check out the link: space-metaverse.com
