A lot of you might not have heard the term ‘Metaverse’ before. In this article, we will explore the boom of the Metaverse.
Origin of Metaverse
The term ‘Metaverse’ was coined for the first time in 1992 by the author Neal Stephenson in his fictional novel ‘Snow Crash.’
In this novel, the author visualizes lifelike avatars who met in a virtual reality environment. Since then, there has been no such discussion about Metaverse.
The current boom of Metaverse
The term Metaverse captured the attention of this physical world in July 2021 when Mark Zuckerberg changed the name of Facebook to ‘Meta.’
The advancement of technology is unpredictable; we can never assume the future in the next five years. Advanced technologies, including Artificial Intelligence and the Internet of Things, gave us quality living.
Now is the time for technology to take further in its advancement. Therefore, we now have an emerging technology to discuss.
How can we define the term Metaverse?
After the intro we discussed, we can now define Metaverse as the combination of multiple technology factors.
These technology factors include virtual reality, augmented reality, and the 3D digital universe. The term Metaverse is used for the next Internet by Matthew Ball.
Use cases of Metaverse
The promising use cases of Metaverse are Facebook which is named as Meta, and the games, including Fortnite and Minecraft.
In the games like Fornite and Minecraft, players interact with each other in lifelike avatars inside a 3D environment.
It is yet the most cherishing use of Metaverse technology. The use of Metaverse is not limited to the gaming world, Facebook, or Microsoft.
Many entrepreneurship projects can take great advantage of Metaverse. Want to know how? Stay to the reading!
Metaverse in the digital business world
Metaverse has created great opportunities for the business world. Let’s discuss some of them in this section.
Remote work
In the whole pandemic year, almost every organization implemented the new work code called ‘Work from home.’
We can use the term remote work for work from home. We can now actually understand that there is nothing that one can not do from home.
Due to the Metaverse technology, people and organizations will be able to do remote work by interacting with each other in a co-working space. They can conduct meetings, training sessions, and whatnot.
The majority could not think of working like this a year back, however, thanks to virtual reality technology that will soon surpass all the existing technologies.
Digital products
It is possible to create a wholly digital world with Metaverse where people will buy digital products only. They can buy trending outfits, cars, smartphones, and other things we can’t imagine.
Gaming world
The gaming community is producing billions in revenue. Games are now utilizing the most incredible technologies to provide players with a real-world environment.
Gaming business takes over many existing businesses. Due to the Metaverse technology, VR games have become a trending discussion.
Games like Fortnite and Minecraft took the gaming world to another level with virtual reality technology, and in the future, we can never assume how far this thing will go.
Virtual Meetings
Metaverse in near future will enable teams to conduct virtual meetings similar to real ones through virtual reality and augmented reality. This feature will help remote teams to communicate better and more efficiently as compared to voice or video meetings.
Conclusion
The boom of Metaverse has been everywhere since July 2021. This technology is very new and will still take 5 to 10 years to become mainstream.
However, the business world will be much revolutionized with the Metaverse, and maybe we will all be buying digital products only in the future.
What are your thoughts?
