Recently after Facebook changed its name to Meta the term Metaverse is gaining momentum,
What If I say that in the future, you will reduce the use of smartphones and will spend more time in Metaverse?
Do you want to see and feel various locations in the world by sitting at the comfort of your home?
You know, you can buy properties in the virtual world and it is true.
you will know more about all these in the below article on Metaverse
What is Metaverse?
Metaverse is the future of the Internet, a new Virtual World.
It supports an online-3D virtual ecosystem that can be accessed through Augmented reality (AR) headsets
Elon musk’s dream is to send a man to Mars, when this will happen, we don’t know.
But before this, people will enter a new world and that world is METAVERSE.
The world is not real but virtual, In this virtual world, you can purchase land and build your house, do business and even earn money.
If you are a musician then you can arrange a concert, if an artist then you can arrange an exhibition.
You can do everything in that world, which you can do in real life.
Beyond the Stars in the future.
Metaverse is indeed a virtual world where you can do everything which you do in the real world.
Let’s start with Web 1.0 the start of the internet, In the first version, everything was in Text form.
Then came Web 2.0 which is the present form of the internet.
In version 2.0 there is everything beyond text it also includes Audio, Video, and 3D experience.
Now one question can be asked
What is after web 2.0?
Metaverse’s story starts where Web 2.0 ends because Metaverse is called Web 3.0.
We cannot move away from the fact that, in the coming 5 to 10 years, the way of using the internet will totally change.
Metaverse a Trending Keyword in 2022
After Cryptocurrency the next keyword which will remain in Trend is Metaverse.
Don’t try to link Metaverse with Facebook as recently Facebook has changed its name to Meta.
Meta is a totally different entity from Metaverse.
Metaverse is a virtual world whereas Meta is a company.
Record-breaking sell of land
In the real world, we require land to open a shop in the same way we need to buy virtual land in the virtual world to open a shop or take a concert.
But to purchase this virtual land we have to pay real money.
In Metaverse, every day old records are been broken and new records are being made in buying the land.
People are ready to pay millions of dollars to purchase the land in Metaverse.
Before all this let us understand
How the word Metsverse is born?
Is it going to replace the current Internet?
What is the future of Metaverse?
What wonders it has hidden within it?
We will discuss all this in the article
How Metaverse is born?
In 1992 Neal Stephenson in his sci-fi novel Snow Crash used the term Metaverse.
Where he imagined Metaverse as a virtual world where people will create their digital avatar and talk to each other through it.
Have you ever imagined that people will pay millions of dollars to purchase virtual land?
But is true, that people are purchasing virtual land in Metaverse.
A virtual reality
Various technologies such as Augmented reality(AR), virtual reality(VR), mixed reality, Virtual world video tools are used to create Metaverse.
The concept of Metaverse is that in digital space people will be with one another digitally.
Metaverse is used in the gaming sector, for virtual meetings and even to talk to each other in another world,
It is a world where you will have your identity, your own house but your avatar will be digital which will be controlled by you.
You will actually feel what is happening with your avatar through a device connected to Metaverse it all seems just like a sci-fi movie but it is going to be true.
Consider that you saw an advertisement about a live concert to be taking place in Metaverse and you want to attend it, then you will actually buy the ticket and attend the concert in the virtual world.
While attending a live concert in Metaverse you will actually feel the concert and even can talk with other people present in their digital avatar and can enjoy the concert with them isn’t it amazing!
You have attended the concert without stepping out of your house, you can meet people, talk with them, play with them,
and can even do a virtual trip around the world digitally feeling the sensation from the comfort of your house all these can be achieved in
the virtual world of Metaverse.
Millions of dollars are being paid to purchase plots in Metaverse.
Facebook has researched a lot on Metaverse and came out with software name Horizon Workroom,
when it is used with an Oculus VR headset, you can put your avatar in Metaverse.
In the Tech world people are paying millions of dollars to purchase land in Metaverse but why?
Facebook and Microsoft including other Tech companies have invested billions of dollars in Metaverse,
It is called a next-generation hub where people will spend their time with each other digitally.
Popular Metaverse platform Sandbox has sold 4.3 million American dollars of virtual land.
This land is purchased by America’s video game developer company Republic Realm based in New York.
Real estate in Metaverse
Sandbox deals with real estate in Metaverse.
we go to a real estate broker whenever we want to buy a piece of land exactly the same way real estate companies are been established in Metaverse.
A company name Metaverse properties are even dealing as a virtual estate agent.
They provide you with a consultation in buying and renting virtual properties on all the major Metaverse platforms.
A few weeks before a Billionaire in Hongkong has purchased a plot from the sandbox to establish GPA Pavilion.
On this platform, new start-ups will virtually display their products.
Another company Token.com a subsidiary of Metaverse Group has purchased land worth 2.43 million.
Now the question can arise in your mind that what will happen after purchasing the plot and where will be its exact location?
Metaverse is a virtual world with different locations and environments in its ecosystem.
It has Decentraland online environment where people can purchase virtual plots.
Metaverse has States and Districts
Decentraland, Sandbox, Somnium, Cryptovoxels, and Upland are five popular platforms where you can purchase and rent virtual land.
Decentraland is a virtual reality (VR) platform based on the Ethereum blockchain.
You can purchase land for a conference or commercial purposes, even for art galleries, and also build houses and for other live events.
Decentraland and Sandbox
Decentraland has five districts with inbuilt cities within,
They are crypto valley, dragon city, Ethereum city, Vegas city, fashion street, and district X like cities where you can purchase plots and build whatever you want on the plot.
The Sandbox is also the same platform where you can purchase the virtual plots, besides these two there is another Metaverse platform on which you can purchase land.
In Metaverse, you will have various options while purchasing a house such as sea-facing, Roadside facing, etc.,
Many companies have started building their presence in the metaverse.
The Metaverse Group is one such company that is an affiliate of Tokens.com a real estate company responsible for providing plots in the Metaverse.
After purchasing land in Metaverse you can create a virtual shopping mall or arrange for some big events or contests virtually to be attended virtually by your avatar.
Web 2.0 is coming to an end and is being replaced by Metaverse slowly.
During the corona crisis when all cities were under shutdown conditions people felt the necessity to talk to one another to express themselves.
Studies have gone online, and people are working from home online. Meetings are happening online, doctor consultation has gone online.
Even weddings are also conducted online.
The way people were dealing before the pandemic has changed.
In this situation, Metaverse is emerging as a new web version.
This is the reason that companies are eager to register themselves and invest millions of dollars to show their presence on the Metaverse.
Facebook is currently having its monopoly in social media, the same way it is marching towards creating its monopoly in the Metaverse.
And it is the next evolution, where people will meet each other virtually and spend time with each other.
Future of Metaverse
Before 20 or 30 years nobody has ever thought that the world will depend so much on the internet.
In the same way, the metaverse is our future.
If you are thinking that Metaverse will flop then this will be your worst mistake ever because web 3.0 in the form of Metaverse is our future.
Barbados has become the first country to announce its willingness to open Embassy in the Metaverse,
Currently, Barbados is building its diplomatic compound in Metaverse.
Slowly other countries will also open their Embassy in the Metaverse.
In the coming future, people will spend more time on Metaverse than smartphones.
It will also become a new way to earn money because the price of plots available in the Metaverse will increase tremendously;
like the cryptocurrency and people will do the trading of plots out of it to make it a new source of income.
Problems in the Metaverse
Every coin has two sides same way Metaverse also has two sides, we have discussed its positivity earlier now let’s talk about its negativity,
The most important is Information privacy.
People will fill in their personal details to enter the Metaverse.
They will use various devices to enter the virtual world.
Will the information remains safe with the companies, what if they sell it to advertising agencies for target marketing?
Another issue is that People will be creating their Avatar while entering Metaverse,
They will greet other people with a handshake, talk with them, hug them, and will enjoy various events but what will happen in case of some unwanted situation?
Even political parties will enter this world dividing people into various groups based on their ideology which can even lead to quarrels and fights among people leading to targeted molestation.
All this will happen because currently there are no rules and regulations to prevent all such things in the virtual world.
To maintain order in this virtual world all the companies responsible for developing metaverse must be ready with rules and regulations.
And these must be applied before allowing people to enter the world of Metaverse.
As the current version of the web is not secure for women, will Metaverse be safe for their virtual avatar?
Metaverse is the future of the internet.
So all the problems in the current version of the internet must be taken take before entering the virtual world of Metaverse.
Otherwise, it will become insecure for everyone and thus will ruin our future.
One more concern is user addiction to the virtual world.
This can again lead to mental and physical illnesses such as depression, anxiety, headaches, eyes disorder, and being overweight due to a sedentary lifestyle.
People will also misuse the Metaverse to run from reality, which will create a social impact on the life of an individual and his family.
All the above problems will occur due to prolonged and consistent use of the web.
That’s it for today will update more on Metaverse in the future.
Thanks for reading
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