The term Metaverse first appeared in Neal Stephenson’s novel “Snow Crash” in 1992. It was used to refer to a global virtual reality system, and the concept stuck with us. In the years that followed, the idea of totally immersive and interconnected virtual worlds gained momentum in the science fiction genre, slowly trickling down into real life too.
More and more businesses are interested in venturing into this next phase of the Internet, with giants like Facebook and Microsoft announcing huge investments toward creating their own Meta platforms. The emergence and rapid development of disruptive technologies like crypto, blockchain, non-fungible tokens, and VR make the Metaverse more attainable than ever before. You’re probably wondering what’s in it for you. We’re here to give you all the reasons why the Metaverse is the future and why you should get your VR headsets ready!
Metaverse world - the next Internet is on its way
Web3 is another concept that is gaining traction alongside the Metaverse. The next phase of the World Wide Web will be decentralized, with applications running on blockchain technology and decentralized networks with peer-to-peer nodes. While Web3 focuses on who controls the virtual land, the Metaverse puts the spotlight on the user’s experience. The immersive experiences will allow users to congregate, engage with each other, buy, sell, work, and even play all in the same digital dimension.
Metaverse allows work and collaborations in the virtual world
In the last couple of years, virtual and augmented reality have seeped into our work routine. Companies like Facebook and Spatial develop Metaverse-like experiences for their users by creating VR products for business. The Metaverse could be the VR alternative to the physical world going to the office, enabling employees to remain as engaged remotely, as they were on-site. Remote engagement, in return, has the potential to increase productivity, allowing more people to focus better on their work without outside distractions while also eliminating the need for in-person meetings or tedious video calls.
E-commerce and investment opportunities are endless
Another main reason why the Metaverse could be the next IT thing is its ability to become a significant source of monetization for content creators, game developers, investors, and companies alike. The Metaverse will offer countless opportunities to earn money, from buying and selling NFTs and playing P2E games to digital commerce and augmented reality events. It will give millions of people access to new job offers and services created around these digital platforms.
Interoperability - hopping from one virtual space to another
As each business is creating its own Metaverse with proprietary ecosystems, services, avatars, and currencies, we can’t talk about one single Meta platform for all. But what we can discuss is the interoperability of such networks, allowing you to hop from one Metaverse to another without having to change your avatar or your digital assets. It’s a big deal! Just imagine the ease of use of being able to use the NFTs in your digital wallet in various ecosystems without a glitch.
Users will retain control over their data rights
Many users complain about how companies take control of their private data once they create an online account. This is especially true with Social Media platforms. The Metaverse will allow you to fully control your personal information both in the digital world and in the real one.
As the Metaverse platforms gain more mainstream momentum with each passing day, it’s best to stay on top of the game by being up to date with any new developments. If you decide to invest in a Metaverse project, make sure to do thorough research beforehand.
We’re on the precipice of a new and exciting chapter in humankind’s history, one that will change our lives just like the Industrial Revolution did for our forefathers.
Let’s stay in touch: