Metaverse is an immersive virtual reality environment where users can interact, play games and interact with real-world objects. They can interact with objects and people in the visual projected in front of them using current AR and VR technology. With virtual reality (VR) headsets, users can attend concerts, stroll through parks, and even dine in at restaurants.
The metaverse is a 3D virtual space that users can use for various purposes. The term ‘metaverse’ was coined by sci-fi writer Neal Stephenson in 1992. In 2022, the metaverse is a digital world created with virtual reality, augmented reality, cryptocurrency, and the Internet. The metaverse is a virtual universe accessed via virtual reality, augmented reality, and other technologies. Like the real world, the metaverse allows users to move their digital avatars around. Meta imagines a virtual world where digital avatars connect for work, travel, or fun. Zuckerberg is optimistic about the metaverse, believing it could replace the internet.
Facebook, Microsoft, and Others Are Vying to Define the Next Internet
The metaverse is currently being built by over 160 companies across these seven verticals. There is no single way to access the Metaverse. If you’ve read the linked guide, you’ll know that there is no single app named Metaverse. Because the Metaverse is a collection of universes, it is present in Oculus Quest. This year, metaverse investors and enthusiasts became mainstream. Metaverses are most advanced in gaming companies like Roblox and Epic Games. In the near future, companies will struggle to attract older users to the metaverse.
By 2024, the market could be worth $783.3 billion, nearly triple the current size. By that measure, the metaverse will soon be a trillion-dollar industry. If it were a country, it would be one of the world’s largest.
Several Ways to Make Money in the Metaverse
- Play to Win Games
- Online Stores.
- Online Partying & Concert Attendance
- Become a Prime Property Dealer.
- Metaverse Land Rental.
- eCommerce on Metaverse with Real-World Delivery.
Analysts say these virtual worlds could be the next big investment opportunity. The metaverse is still evolving, but it can revolutionise e-commerce, social media, and even real estate.
The metaverse is a place to hang out online, but it won’t replace it. In fact, users share holograms, virtual spaces, and new experiences via the internet.
More info about the metaverse here.