Future of Metaverse and Its Impact on lives –
We are in the era of internet where Network providers are working on 6G model of delivering network. This change in internet brings new dimensions of how do we live and interact with other things. Metaverse is also a such change which is getting place into our lives. Future of Metaverse will have revolutionary impact on the way we do our tasks in today’s time.
It is said that Metaverse will takeover almost everything that we do today such as storytelling, attending offices, teaching, running businesses, video games, watching movies, hanging out with friends and many more.
So, the big question lies is – What is Metaverse?
The metaverse is an immersive, virtual reality (VR) world into which you enter by wearing VR goggles.
It offers the look & feel of real world. But everything is virtual there. The term metaverse was coined by Neal Stephenson in a science fiction novel ‘Snow Crash’ in 1992. In this novel he mentioned about avatars who met in realistic 3D and other virtual reality worlds. But this virtual world got recognition in early 2010-2011. And it became popular in 2022 when Facebook changed its name to ‘Meta’.
In other words, Metaverse is a network of virtual environments which are concentrated on social interactions. These environment uses Augmented Reality, Virtual Reality, Blockchain and other concepts of digitization. They create virtual spaces to enhance the way people interact with each other on social media platforms.
Gartner Predicts 25% of People Will Spend At Least One Hour Per Day in the Metaverse by 2026.- https://www.gartner.com/en/newsroom/press-releases/2022-02-07-gartner-predicts-25-percent-of-people-will-spend-at-least-one-hour-per-day-in-the-metaverse-by-2026
Another question is – What is the future of Metaverse?
Concept of Metaverse is incorporates Web3 technologies which are enabled by blockchain. To me, future of metaverse would be very interesting and will become a mandatory part of our day-to-day life. For an example, there are platforms such as Google, Maps and WhatsApp have become necessity for major of human life on the planet.
Similarly, as Metaverse comes with wide range of use cases which may even change the way we interact with others. Big companies like Meta are already into the race to lead us into this virtual world. So, it won’t be wrong to say that these companies know how to drive people towards Metaverse.
What are the factors which will drive the future of Metaverse?
Factors given below will be the driving factors for the future of Metaverse-
- Accessibility – Accessibility means the way we will access the Metaverse world. There are many open questions like – Will digital goods purchased in one metaverse be available in another? Are identities persistent across platforms? Is there a single unified economy across platforms?
- Competition – It refers to the level of competition is there in the market as it will directly drive the innovation into virtual world.
- Governance – In few countries, people have already reported companies such as teasing and other bad behaviors happened with them in virtual world. So, the question is –
Is there any strong government regulation? Another question can be – To what degree the interactions and transactions are secure and can be trusted?
- User interactivity – There should be seamless switching between the physical and digital worlds?
4 Technologies that are shaping the Metaverse –
- Virtual Reality Headsets and devices
- Augment Reality enabled Glasses
- Non-Fungible Tokens (NFTs)
- Creating digital profiles
To conclude with, it won’t be wrong to say that in coming years, Metaverse will have big impact on our lives.