The Metaverse will be used by customers and industries alike, and may one day be as common as the internet. It is just a matter of time before these predictions become reality.
This will enable many job opportunities and create more options for brands and industries to attract customers and gain more revenue streams. Creating the complete ecosystem will take some time – maybe even a decade to come to a full-fledged reality – but it is inevitable.
Many companies are investing in the Metaverse. It won’t be created by one company but by millions of contributing developers. The full potential of this platform is not yet evident but current use cases make replicating an entire second life completely possible. AR & VR will play a vital role in providing interaction in the virtual space. While the previous decade was known for the rise and maturation of the internet, this current one may be known for creating the Metaverse.
Based on the Blockchain platform, the Metaverse promises to be more interactive, immersive & collaborative – and the lingering impacts of COVID-19 will continue to accelerate its development.
Education, retail, and manufacturing have all changed post-pandemic, and remote working culture will get a boost in terms of using Metaverse. Users will continue to avoid the long commute, dress up avatars just as they would in offices, and enjoy more flexible working hours.
There are limitless possibilities in terms of what Metaverse can provide. Chances are high we’ll see new wearable devices that will act as the interfaces for connecting and collaborating inside the Metaverse. Games such as GTA can be played with your friends as if you are present in the virtual world. Cryptocurrencies will be integrated into Metaverse experiences, and brands must decide which currency to accept in their real and virtual worlds. Digital transactions will boom all over the world.
Users will be able to own virtual land and could throw a party in the virtual world where their friends can join in and enjoy themselves together. Crypto tokens can be used for payment purposes, and superstar singers will be able to organize virtual concerts with digital tokens as “entry,” enabling them to have concerts attended by users in larger numbers inside the virtual world.
The Metaverse will help in boosting the global economy. With major companies already working on their involvement in the Meta platforms, we could soon see exponential growth for consumers and investors.