What is Metaverse?
In layman’s terms, Metaverse is a virtual reality world. Here, members or users can game, interact and gain experiences like they would in the real world. It makes use of current AR and VR tech wherein they can be a part of this visual world. They can immerse into the virtual world and interact with people in the visuals before them.
Top 10 Things about Metaverse
Here are the key facts about the much talked about metaverse technology that you must know.
1. There is no single owner for the metaverse
You would imagine this technology to be owned by a corporation. However, that’s not true. It is a platform that is taken care of by all of its users. The standards of the platform are designed by W3C. But, it doesn’t have a creator!
2. It is different from the internet
While the internet is a network of billions of computers, servers and other electronic devices. Once you are online, you can buy, sell and interact with users. But the metaverse is something that builds on the internet. Both are different terms used in different contexts.
3. It is accessible to everyone
The Metaverse is a virtual world where information flows easily between different systems. Thus, anyone and everyone can enter this world. All you need to have access to is a VR headset. If you have the headset, you can enter this virtual world.
4. Here you can own or sell land
Today, people seem to like the idea of purchasing a digital property. It is considered to be an asset for many. With this, you can now own or sell land using coins.
5. It is useful for work, gaming and travel
Metaverse can do a lot more than you think of. Anything is possible in this virtual world. Members foresee users using this technology for working, gaming or interacting with friends.
6. Metaverse objects cost and generates money
Here members can participate in virtual currencies like cryptocurrency. It features a marketplace where users can buy, sell or exchange items like NFTs, virtual clothing and more.
7. There are key technologies for Metaverse
Unlike shopping from the internet, you will need other technologies to shop from Metaverse. For example, you will need blockchain for cryptocurrency along with artificial intelligence among other things.
8. It is safer than you can imagine
Although this technology does have its set of risks, practically it is much safer than any other website or platform. It makes use of blockchain technology which ensures safety. All transactions made in Metaverse are much safer and more secure.
9. Our work will be hugely impacted by Metaverse
Today, working remotely is a reality for many. While Facebook or Meta has already joined the trend and released Horizon Workrooms, other tech companies are looking for similar ideas. According to surveys, by 2032, VR will be highly used in 23 million jobs all over the world.
10. It is also prone to serious concerns
Similar to the internet, Metaverse is also known to have serious concerns. Some of them include ID and data security, sexual abuse, safety, carbon footprint and governance.
Bottom Line
We do not yet have a full-fledged metaverse world. However, in the coming years, we can expect a drastic change in the world of VR. If you weren’t aware of Metaverse, we hope this article helped you get started. Let us know how you liked it!
