The world internet ecosystem is gradually evolving, thus we get to hear developing concepts like web 3.0,metaverse, NFTs and so on. All these are interconnected and reflects cryptocurrencies, gaming's, social media etc. This brings us to the topic of the importance of the metaverse rearing up its head in the digital space, does it really matter or not?
WHAT IS METAVERSE
Frequent study of the digital space, the concept "metaverse" is a digital word that has become a popular mention on search engines, social media, threads, finance blogs, technology and so on.
Basically, the metaverse is a decentralized ecosystem that operates like space which combines two worlds. Thus, it combines a world of virtual reality and augmented realities to give a sensational experience for users.
Well, in entirety, it creates a subtle environment where people interact via connected virtual realities anytime or anywhere from any desired device. The main idea is that with the coming of this new internet system all activities can be done virtually.
AN EXPERIENCE OF THE METAVERSE
We were all victims of the covid-19 pandemic and in the course of this activities had to be stopped for a while, since everyone had to stay at home, school activities were disrupted, work was halted and so on. But the good part of it was that things started to picked up by having meetings online by zoom, receiving lectures virtually, having presentations virtually. Thinking of it, the metaverse is really a good thing.
EXAMPLES
- Web 3.0
- online gaming
- AR/VR headsets
- NFTs
- Tokenisation
- Artificial Intelligence (AI)
- High Speed Networking
- Crypto
WHY THE METAVERSE IS IMPORTANT
There are various reasons why the metaverse is important because it's a combination of the virtual space with physical realities. Reasons why it is also important is that:
- Increase in business opportunities: no doubt the metaverse is a decentralized ecosystem that is open to various business and organizational opportunities like real estate, buying of virtual plots, new technologies and so on.
- it would also be a means to showcase talents in various forms. It could include arts which would be sold as Non Fungible tokens (NFTs).
- for educational purposes: it would go a whole lot in the metaverse as student can have classes virtually, take courses virtually and 3ven graduate virtually.
- Healthcare: recently, the movie "ambulance" can be a good example of the benefits of the metaverse. Due to complications of things the nurse had to carry out a surgery through virtual help with world surgeons.
- it's a means of trading and commerce by an exchange of Buying and Selling assets virtually.
- in the world of gaming, the metaverse takes it course.
- Expansion in internet services: just as web 3,it could be another digital internet experience. Introduction of 5g services.
Finally, I believe the metaverse matters as physical world is in need of a virtual space expansion to to commune with one another.