Metaverse is a digital world, where humans, as programmable avatars, interact with each other and software agents, in a three-dimensional virtual space that uses the metaphor of the real world. Metaverse is beyond interaction, one can buy parcels of land and build his art gallery, or office, or use it for an entertainment zone and everything that is imagined in today’s world
How does the need arise for a digital space like that? Well, in a technology-driven era, it is more important to represent yourself digitally than to represent yourself physically. Here comes the concept of the metaverse. One can visualize the entire meeting in 3D form while sitting in his/her room with the help of metaverse technology. People sitting miles away can gather at a place to explore and that too at a very cheap cost.
After the web-2 era which is about Google, social media, virtual Zoom calls, discord gaming here comes the web-3 era. Crypto, NFTs, coding, Metaverse is about the web-3 era. It is the era of the third trend of technology. Metaverse is one of the most potent tools of this very latest trend which was first coined by Neal Stephenson, in 1992. One of the world’s leading companies, Facebook, has already started to shift itself to a meta version.
Here are some following applications of Metaverse;
1) Real Estate–
Before buying a property buyers can visualize the property virtually by their digital avatars with the help of metaverse. It cancels the need to travel and reach the property destination, hence it saves time, potential, and fuel in this case.
After the pandemic, indeed we can opt for various mini online programs but in a 2D screen-to-screen case. With the help of metaverse, one can virtually interact with learners, sit around them and get a better learning experience. Also, students can virtually interact in 3D spaces while staying at home.
The fitness experience can go beyond listening to music with the help of metaverse. One can explore fighting boxing matches while lifting heavyweights. Practising fitness looks different in a metaverse and provides a ferocious experience overall.
This has already started happening. Justin Bieber recently hosted a live metaverse. People all around the world were able to enjoy the concert from kilometres away. This also eliminates the race for first and second seats in a concert.
5) Video Gaming-
Video gaming and hackathons together are already making revolutionary changes among youths. Here’s Axie Infinity, the biggest metaverse video gaming platform. It is based on play and earning and crypto coins are awarded to winners. People in Ghana are already earning a plethora of money through this. Video gaming (in metaverse) has become a place of a hangout for kids who are playing it, in the USA and Canada. Roblox is a user-generated platform for these kinds of gaming sessions.
Is there a single Metaverse created by Developers?
There are multiple developers and there already exist multiple metaverses. The existing number is going to be increasing. Metaverses such as Sandbox– have a limited 1,66,000 parcels of land, another one is decentralized land which has 90,601 parcels. In the coming time, Metaverse has the potential to become a trillion-dollar economy. Who’s selling the land in the Metaverses? People who develop this land are the sellers.
15-seconds More to Metaverse
The concept of the metaverse isn’t new. It’s gaining popularity at a global level. In India also, people are getting aware of it. It gained popularity due to the pandemic and becoming more common day by day in rich countries like the USA and Canada. Kids are choosing metaverses platforms to organize a trip to maybe, say Egypt, and learning a lot. Metaverse is very potent to cause internet revolutions and set trends.