If you’re aware of current technological advancements, you must have heard of the Metaverse, right? So, what is Metaverse? For those who may not know what the Metaverse is, you can follow this article. Essentially, the Metaverse is a combination of various technological elements designed to allow users to experience a lifelike digital world. This article will help you learn more about the Metaverse and how it will impact your daily life.
Ready to Face the Future with Metaverse
Since the announcement of Metaverse by Meta CEO Mark Zuckerberg in October 2021, it has been a hotly discussed topic due to its immense potential. According to Bloomberg’s 2021 analysis report, the platform has the potential to open up nearly $800 billion USD in market opportunities. This means that Metaverse promises unlimited job opportunities, gaming, and social interaction, and revenue generation.
To answer the question of what is Metaverse, you need to understand its concept first. This term was originally introduced in Neal Stephenson’s 1992 novel, which referred to “Metaverse” as a virtual space that uses augmented reality and virtual reality technology, accessible through optical fiber networks and displayed in VR goggles. This means that you can shop or interact with friends and family through avatars online without physically meeting.
The Meaning of Metaverse
What is Metaverse? It is a 3D virtual world created using augmented reality (AR), virtual reality (VR), and video technology. This means that users can experience life in a virtual world. The purpose of Metaverse is to become a modern communication platform and to facilitate your daily activities such as working, playing, socializing, and even attending concerts virtually.
For your information, many companies want and have tried to realize the concept of Metaverse in real life. Meta, formerly known as Facebook, is seen to have the best plans, and the concept of Metaverse is expected to play a significant role in your daily life.
How Will Metaverse Affect Your Life? 8 Things You Can Expect
If Meta’s vision is achieved, the Metaverse will become a comprehensive environment, like a new world that allows you to do almost anything. Because of this, you may wonder how Metaverse will change human daily life. Here are eight things you can expect:
1. Job Opportunities in the Metaverse
The Metaverse is expected to continue to grow, which means its economy will also grow. This will create new and unique job opportunities that are not available elsewhere. For example, someone can become a Metaverse tour guide and help new users explore the Metaverse world. Additionally, events like weddings in the Metaverse platform can also create job opportunities such as wedding planners, decorators, and more.
2. Interacting with Coworkers
Most experts agree that the concept of working in the Metaverse will change the way certain companies operate. As you know, since the COVID-19 pandemic occurred, many companies have allowed employees to work from home until today. The Metaverse allows you to interact personally in a digital space through VR technology.
You will be as if you are in the office or meeting room because it is built in the 3D virtual world. Users can take advantage of collaboration tools like limitless whiteboard canvas, continuous space, and VR keyboard to work with colleagues.
3. Buying Property
Buying virtual property in the Metaverse is seen as a golden opportunity that cannot be missed. As a result, leading companies such as PwC, JP Morgan, HSBC, and Samsung have already taken virtual lots of land that they want to develop for specific purposes. Less than a year ago, the average price for the smallest plot of land available for purchase in Decentraland or Sandbox – the two largest Metaverse platforms – was under $1,000. Today, it is valued at around $13,000. Real estate transactions in the Metaverse are conducted using cryptocurrency tokens.
Once you buy property, you can sell it at a higher value, or mortgage it to real estate developers in the Metaverse world. In addition, you can also buy virtual homes in the Metaverse world and do various things like renovating the house to suit your taste.
The Metaverse allows you to do online shopping in a new and futuristic way. Your avatar can enter a virtual store or mall, try on products like clothes or shoes as if you were shopping in the real world. As a Metaverse user, you can either buy virtual products for your avatar or make purchases for real-world use with the same concept as buying goods on e-commerce platforms.
5. Digital Artwork NFT
NFTs are a new form of investment and a hotly discussed topic, especially on social media platforms. You can also collect digital art NFTs in the Metaverse world. For your information, NFTs can be resold for profit. Users can only keep them as part of a collection. NFTs are also available outside of the Metaverse world through crypto markets.
6. Attending Various Events
In the Metaverse world, you can also attend various events or gatherings such as concerts, corporate meetings, seminars, and more. These events have the potential to attract more participants because there is no need to physically move from one place to another.
Some experts believe that with the convenience of Metaverse, users may no longer need to buy cars because they can meet friends, family members or attend classes through this virtual platform. For example, you can attend a seminar from an expert in a field within the Metaverse. You will be in the same virtual seminar room.
7. Making Friends or Increasing Connections
Metaverse makes it easy for you to meet and connect with new people from anywhere in the world. You can make friends with people from Brazil, Sri Lanka, France, and so on in the Metaverse world. There are several Metaverse games designed specifically to help users meet and interact with each other. In addition, there are also couples who meet in the Metaverse and get married in this world.
8. Creating an Avatar According to Your Preferences
You can become anyone in the Metaverse because there is a facility to customize your avatar. For example, users are free to change hair color, body type, accessories, gender, or appear as a fictional character in the Metaverse.
When Should You Prepare for the Metaverse?
It is difficult to know exactly when the Metaverse will become a significant part of our lives. However, certain aspects of the concept have already entered our daily lives. A clear example is in Meta (Facebook), which owns the company Oculus, responsible for creating VR headsets.
As a preparation step, you can learn about the Metaverse by reading articles from reliable sources, taking Metaverse-related courses, and participating in discussions about the Metaverse on platforms such as Youtube. This will enable you to make adequate preparations for the emergence of the Metaverse. By knowing what the Metaverse is and the 8 things you can expect, you will be better prepared.
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