What is a Metaverse World? How will it change the world’s perspective?
Metaverse is a hot topic these days and is claimed by many tech giants like Facebook and Microsoft. But what is the Metaverse world? The Metaverse is the next evolution of the Internet. Let’s assume a virtual metaverse world where people live, work, shop, and interact with others, all from the comfort of the sofa in the physical world. This is known as the Metaverse World.
“Metaverse” did not become a general term until Facebook changed its name to Meta in October 2021. The company announced its ideas and planned to spend $ 10 billion on technology to build the Metaverse vision in the coming year. It can take many forms, including games, online communities, and business meetings where people collaborate through digital fax machines and avatars.
What is the Metaverse World?
The word “Metaverse World” was coined by Neil Stephenson in the 1992 “Snow Crash,” a science fiction novel. In it, the Metaverse world is defined as a vast computer-generated virtual reality built on top of the natural world so that people can communicate with each other via avatars. This idea has been widely explored in other science fiction works, such as Ready Player One. It can be thought of as the subsequent level of the Internet, the layer that exists on top of the present reality. Since Snow Crash, several companies have developed an online community based on the concept released in 2003, especially Second Life.
In the Metaverse world, people use avatars to express themselves, communicate, and virtually build communities. The Metaverse world uses digital currencies to buy clothing (weapons and shields for video games) and many other items. Users can also use virtual reality headsets and controllers to virtually move and enjoy the Metaverse without knowing their goals. Snow Crash was a more dystopian view of the future and did not positively take the Metaverse.
One way to achieve status in Metaverse was through technical skills. This was represented by the sophistication of the user’s avatar. Another indicator of quality was access to specific restricted environments. This is a precursor to some websites’ current paywalls and registration requirements.
Ernest Cline’s Ready Player One was another novel that helped spread the idea of the Metaverse World. After that, it became a movie directed by Steven Spielberg. The 2011 dystopian science fiction novel, set in 2045, escapes the problems that plague the planet in a virtual world called an oasis. Users access the world with virtual reality visors and tactile gloves to grab and touch objects in a digital environment.
Why do you need to buy the Metaverse concept early?
This concept is currently being developed by companies such as Facebook and Apple, fiercely competing with each other for the first release of a viable product.
The Metaverse is projected to become a $ 1 trillion industry by 2025. It is a platform for expression, creativity, and innovation. If you desire to invest in the fortune of technology, it is time to start embracing the Metaverse concept. Otherwise, everyone else can be left behind when they start living in this digital space. Early adoption of the Metaverse gives you plenty of investment opportunities and early access to cool technology.
What are the Pillars of Metaverse?
People: Connect people in a more appropriate and valuable way
Data: Convert data into intelligence to make better decisions
Process: Providing the correct information to the right person (or machine) at the right time
Things: Internet and interconnected physical and virtual devices and objects for intelligent decision-making.
What is the Metaverse-Business impact?
Pandemics are the catalyst for accelerating the growth of many companies worldwide. Previously, only a handful of companies were willing to adopt digital operations. But the pandemic changed things in the coming weeks, forcing companies to move into the digital world to stay in business.
Companies have adopted a telecommuting model during the pandemic, adopting a hybrid approach. The next level of working from home includes helping people work and collaborate in virtual reality experiences. For Facebook, the avatar-based collaboration workspace, Horizontal Workrooms, is the latest technology to drive it.
This is Facebook’s first step in creating a complete virtual reality experience designed specifically for people to work with. Horizon Workrooms fits perfectly with Facebook’s goal of building a so-called metaverse. Beyond the working room, the Business Metaverse gives companies complete control over their meta world and what’s happening there. Companies can form their little world there, from having their dress code to selling products within the platform.
For instance, if you are a retailer operating a virtual reality store, you can display all your products on the shelves. Your consumers can pick up the products, look at them, and click to buy them. You can then send the physical item to their home.
So how does Metaverse reshape our world?
# 1: Impact of Metaverse on Mental Health
The Metaverse can transform our lives by addressing mental health issues such as PTSD and anxiety disorders. It can treat anxiety disorders by providing individuals with such conditions and an environment where they can manipulate their surroundings. It also allows you to experience things you can not participate in, such as flying or riding a roller coaster. The Metaverse could essentially be a virtual reality therapy that helps patients with PTSD by recreating the moments they can control. This type of treatment is beneficial because it does not require medication. Still, it allows the patient to manage their experience and remove triggers and memories that can cause distress.
# 2: How Metaverse can strengthen education
What if students could learn how to create a 3D model of an airplane in the same way that students learned about the Wright brothers? What if students could visit the Louvre and see the paintings of their favorite artists? What if students have their virtual classroom and can collaborate with other students worldwide? The Metaverse is that place. This is a virtual environment that enhances education and transforms learning forever. The Metaverse will change the way we know and the way we teach. Teachers can use this new technology to create immersive lessons for students in all disciplines. This will allow students to learn more actively.
# 3: How Metaverse can reduce crime rates
The Metaverse provides a less risky environment than the real world, with the potential benefit of reducing crime rates and improving social morality. The Metaverse allows people to explore their fantasies without taking physical risks. It can reduce crime rates by providing an exit for those who commit crimes in the real world. The Metaverse Prison Rehabilitation Program is another use case for the Metaverse. It gives prisoners a virtual environment where they can explore different worlds and escape from the present reality while being monitored by security guards and counselors.
# 4: Metaverse potential to save our planet from the ultimate apocalypse
In the novel Ready Player One, author Ernest Cline describes the Earth as shortly destroyed mainly by environmental disasters. The only way to escape is to enter OASIS’s virtual reality world. This is no longer science fiction, as our environment is deteriorating at an alarming rate, and we are already in a place where we can create our reality and become the one we want to be.
The Metaverse can save our planet from the ultimate apocalypse by allowing us to limit consumption without actually feeling the impact. The most significant effect is reducing fuel consumption because you don’t have to leave home to travel, socialize, or work.
# 5: Infinite capacity concerts and events with incredible special effects
Virtual reality and augmented reality technologies are pervasive in the entertainment industry. The Metaverse is the next step in this evolution, creating a virtual reality environment with unlimited capacity and unrealistic special effects. Imagine attending a concert with infinite power and experiencing ideological special effects while relaxing at home. Shows can be shared globally, making them more unrestricted and accessible.
# 6: Impact on our current self-identity and relationships
The Metaverse is an environment that can change ourselves and our relationships with each other. This is an opportunity to explore new identities, relationships, and communication methods. People can create their avatars, go to different places and interact with others in the Metaverse. It can be a safe place for young people to express their identity without physical influence.
The only thing that matters in the Metaverse is not race, ethnicity, or gender but how you tell yourself and what you have to say. The Metaverse can complicate the future of relationships. A lot of relationships can be superficial rather than personal. In addition, there will be more people on the Internet with fake IDs. It can be challenging to know if someone is precisely what you say.
# 7: How Metaverse will change the future of work
To build the Metaverse, you must rethink your current working style completely. This is the first glimpse of this in recent years, as more companies adopt open office plans and are encouraged to work from wherever they like. The Metaverse only accelerates this trend as it makes it easier for people to work from anywhere worldwide and collaborate on projects. An example of how the Metaverse changes how we work is by using augmented reality in the workplace to improve employee efficiency by displaying important information in front of them.