The metaverse is a virtual world where people can interact with other users and their environment. Despite the name, there are actually a number of different metaverses created by different companies for different activities and objectives. We’re going to take a look at what the metaverse can be used for, the origins of the metaverse, and much more.
Origins of The Metaverse
The term “metaverse” first appeared in the 1992 novel Snow Crash by Neal Stephenson. In the book, the metaverse was a virtual world that allowed people to interact with each other and different software agents as programmable avatars in a 3-D world. The metaverse appears to its users as an urban environment, centered on a 100-meter wide road called “The Street”. This concept is what creators have expanded on when creating the metaverses of today; they’re virtual spaces that allow people to interact with various products, people, and businesses.
Who Can Use the Metaverse
While technically, anyone can enter and use the metaverse (there are no explicit criteria a person must meet in order to be eligible), there is a barrier to entry in the form of the equipment you need to traverse it. To be able to access the metaverse, you must live in a location with a stable internet connection and have a PC/laptop that you can use to connect to the metaverse. Some metaverses will require you to have virtual reality equipment to traverse it, while others will need you to connect a cryptocurrency wallet so you can buy and sell virtual items within the metaverse.
What Can the Metaverse Be Used For
While metaverse technology is still relatively new, companies are already finding use cases for it. One of the most popular uses for a metaverse is gaming. Companies such as Epic Games are looking into the possibility of making a metaverse that will allow players to create an avatar that is usable over a collection of games, as well as make in-game purchases all in one place. The e-commerce industry is another that could benefit significantly from a metaverse, as it would allow customers to virtually view, try out, and purchase items all in one place.
Spending and Making Money in The Metaverse
The metaverse is perfect for the buying and selling of virtual commodities. You can make money through the metaverse by creating digital assets in the form of NFTs (non-fungible tokens). NFTs are an attractive way to make money through the metaverse, as they are entirely unique, creating value and providing a digital product. NFTs can be bought and used within different aspects of the metaverse – they are a versatile digital product that you can even incorporate into games. For example, companies such as Decentraland already allow you to buy and sell wearable clothing for avatars within their metaverse. There is also a push towards “play to earn” games, where players are rewarded with cryptocurrency the more they play and the better they are at specific games. This way, you can use the metaverse as the ultimate platform for promoting a digital product or business.
The Owner of The Metaverse
The metaverse is a concept that can be used and adapted by a variety of different companies to suit their needs. This means that there isn’t one overarching owner of “the” metaverse as there is no one definitive metaverse. There is some confusion after Facebook rebranded itself to Meta, making many people think that the Mark Zuckerberg-owned company is the metaverse. However, in reality, his company is just one of many that have plans to implement metaverse technology into their businesses.
Safety in The Metaverse
Companies will endeavour to make their metaverses a safe place to be in, but, like all other web-based products, there are inherent security risks. While common risks we already associate with the internet, such as data breaches, privacy concerns, and personal hacking, will remain with the metaverse, other risks will start to appear. For example, emotional bullying can be taken to a new level in the metaverse, and in metaverses where other people can interact with your avatar, inappropriate behavior and physical bullying can become a real problem. This is why it’s vital that companies have a strict harassment policy in place to protect their users.
What Will the Metaverse Impact The Future
Over the coming years, or maybe even decades, we can expect to see the metaverse impact almost every area of our lives. While we’re not going to see a Matrix-style existence where everyone’s plugged into a single metaverse, it will change how we work, shop, and even game. For example, rather than playing a slot game in a web browser, gamers could find themselves playing exciting games such as Razor Shark slot within a dedicated virtual world but with the appearance of a real-world experience – and all within just a few years.
In another example, shopping could change from browsing images on a website to fully experiencing a product inside a virtual store – trying it on or testing it out as if for real. Within a metaverse, remote working could still feel like being in the office, as workers from all over the world connect into one metaverse to work together. There’s no telling just how far this technology can take us – we are only limited by our imagination.
Since the invention of the metaverse concept only 30 years ago, the technology has come a long way and has even further to go. As an increasing number of companies embrace the idea of a metaverse, we can see it becoming more mainstream in our lives with everything from social media to gaming to e-commerce!