- Metaverse is a developing concept representing a digital replica of the physical world.
- It will offer various opportunities, from social interaction to make a living.
- Mark Zuckerberg changed the title of Facebook to Meta to focus on this concept.
Digital Worlds Will Change Everything
CitiBank – a New York-based multinational bank – opinionated that the Metaverse market is estimated to reach 13 Trillion USD by the year 2030. Industry giants like Samsung and Adidas from different industries though are setting their shops in the virtual worlds. These are just a handful of examples that show the great potential this fascinating alternate world holds.
From social interaction to having decent earnings, users can do whatever they want in the digital world. People love interacting with their friends on infamous social media platforms including Whatsapp, Facebook, or via similar platforms in the market. But the metaverse technology will change the way they connect. Through tech like Virtual Reality, people can meet with their peers in person instead of just looking at what they are typing, and also missing out on the expressions.
Working population across the globe prefers to work remotely majorly after the Covid-19 pandemic. It offers them a privilege to work from either of their favorite spots, may it be home, cafe, or wherever they want to be. But working alongside the people is what creates a work environment that they actually love. In the metaverse, users can work remotely and create a working environment at their fingertips. Yes, this is possible. All they have to do is wear a necessary device like a Virtual Reality headset, which will make the organization come alive in front of their eyes.
Diving in deep to understand ‘generating revenue stream in a metaverse project’. As we all know that it is supposed to be a user-owned space where no central entity has control over them. This will allow everyone, from an average individual to an esteemed organization to conduct activities that can offer a myriad of profits for their work. Keeping it precise, anything users are offering as a service, they own, and hence, they can sell it and monetize it.
Several people carry a myth that virtual worlds will put a halt on physical activities. But with the prominent emergence of the Move-to-Earn (M2E) concept, this problem might get solved easily. The idea is to reward the people who move into virtual reality. The more you move, the more you earn, simple as that.
Interoperability – Introducing The Mind Palace
People think that there will be a single metaverse where they will conduct all their activities. But this is a wrong perception. There will be a multiverse, which will be an ultimate combination of several powerful metaverses framing the ultimate vision. But what if they don’t connect with each other? This is where interoperability comes into play.
Interoperability will act as a bridge among these universes. Precisely speaking, in the presence of interoperability users can take their assets from one nation to another. But this won’t be the case in its absence.
Source: https://www.thecoinrepublic.com/2022/08/01/will-metaverse-technology-disrupt-the-world/