The Metaverse is expanding at a breakneck speed. And, as technology advances, it may become a part of our daily life in 10 to 15 years. But why does the Metaverse exist in the first place? In comparison to the present, what new experiences do we have?
1. Why has Metaverse suddenly become a big trend?
Suppose the last century represented the era of mass production and the rise of the Internet. In that case, the 21st century may only be known for creating and expanding virtual worlds or the Metaverse, which promises immersive interaction and collaboration more than the Internet has accomplished to date.
Blockchain technology is emerging as a technological framework that will underpin Metaverse and help create a sustainable ecosystem for all its players. While it wouldn’t be too far-fetched to think that the Metaverse would affect traditional jobs or activities that are fairly common today, its impact on society and how people interact with each other would be profoundly sharp.
As the COVID-19 pandemic raged across the world and platform economies, the Internet and the resulting Work from Home (WFH) technology support helped companies stay afloat and expand rapidly. Various fields such as education have completely changed after the pandemic and have become more technology-intensive today.
Metaverse will potentially change these areas further by introducing virtual reality (VR)-based wearable devices that will introduce its users to an alternative virtual world from the confines of their homes surname. People will be able to interact with each other without having to travel long distances, breathe polluted air or even dress for different occasions. Children will be able to learn different subjects and modules at their own pace and broaden their horizons beyond what is currently possible with the traditional curriculum.
After-work routines like watching movies or socializing with friends offer virtual world alternatives without the complications associated with the real world. In short, the possibilities with the Metaverse are endless.
2. What can we do in the Metaverse?
Things like going to a virtual concert, taking an online trip, and buying and trying on clothes digitally. We can immerse ourselves in the virtual world, visit and travel right from the comfort of our home. More than just living, with Metaverse, business is strongly driven with the help of technology. Companies can put their models on Metaverse to easily reach a large number of users. The Metaverse could also be a game-changer for the work-from-home shift amid the coronavirus pandemic. Instead of seeing colleagues on a video call network, employees can see them barely.
Tech companies still have to figure out how to connect their online platforms. Making it work would require competing tech platforms to agree on standards, so no “people in the Facebook metaverse and others in the Microsoft metaverse” – Victoria Petrock, an analyst, keeps an eye on emerging technologies, says.
3. Technology develops surprisingly fast
XR technology and artificial intelligence (AI) technology will make people worldwide feel like genius because all the information people want to have will be right in front of them. People will use their brains not to look up information but to make important decisions. XR technology will change the way people learn because now people will no longer have to remember and change the way people interact because everyone will see all the data about others. This will completely change people’s lives.
Metaverse can use virtual reality or augmented reality as we know it today to transport the user into an alternate world. This technology is still under development. And within the next 10 years, many predictions show that Metaverse will grow quickly and have a sustainable foothold, people will need it more than Smartphones.