The Metaverse—the universe of all shared and interconnected virtual worlds—is on the rise, and it's expected to have much control over our future. The Metaverse sounds futuristic, and it seems like something out of a movie; there are some tangible takeaways from the development of this new world that can help us understand what to expect from our own lives in the future. There are some advanced metaverse platforms like virtual world XANA, Sandbox, reaping the most of the VR, AR and XR to create a fully immersive virtual platform.
The Metaverse is currently in its second phase, but we're not done yet. Here are five secrets about the Metaverse you probably didn't know:
Metaverse and Virtual Reality are Not the Same Things
A comprehensive metaverse is a shared digital space that integrates with the physical world and includes virtual, augmented, and mixed reality. A metaverse can be accessed through mobile devices or a dedicated device like Oculus Quest or HTC Vive.
Virtual reality (VR) is an entirely immersive experience within a digitally-created world. VR can be accessed through many technologies, including headsets like Oculus Quest, PC-powered systems, standalone devices, and other products. Metaverse is backed by VR technology; both the terms are interrelated but not the same.
Metaverse is More than Creating an Alter Ego
The Metaverse is a term for the next evolution in human-computer interaction and the emerging technology that will make it possible. It's about creating a new world from scratch, filling it with the things you love, and inviting other people to play in your fantasy land. The Metaverse is an infinite universe of possibility, and it's going to change how we socialize entirely.
For some people, the appeal of the Metaverse is obvious: it will offer escapism as we've never known before. For others, it might seem like just another virtual world (and why would they want to go there when they already have Facebook?). But what you may not realize is that the Metaverse will be far more than a place where you can log off from reality; instead, it will become part of reality itself. These new worlds will be far more than just an alter ego—they'll be entire universes of their own, created by you and your friends. You'll have your own space, free from all the people who drive you nuts.
Functioning of Brands within Metaverse
We're living in a time of free information. In the last ten years, we have seen a shift from a world where knowledge was power to one where information can be shared quickly and freely between members of communities.
Regarding how brands should function within the Metaverse, they should establish themselves as members of these communities and provide resources without expecting anything in return. Brands should establish relationships with like-minded individuals and organizations, sharing resources and ideas back and forth.
Those already established in the Metaverse can contribute their experience to help newcomers navigate their way through the space. Those new to the Metaverse can bring fresh ideas about how brands can engage with communities online.
Virtual Learning System
Metaverse has been making waves in the EdTech space since 2017. Online and traditional classroom learning could offer students a way to receive an education at home that was more rigorous and impactful than any online system on the market.
Virtual classrooms will allow students and teachers to interact naturally as if they were sitting in the same room together. Students will be able to see their teacher's face in VR and talk to them just like they would if they were sitting in front of each other. Teachers will see their students' expressions and body language and hear their voices. They will also be able to give lectures right from the comfort of their own home!
Metaverse is a New Source of Revenue
Metaverse is a network of virtual spaces that many people can visit simultaneously. It is expected to become a massive source of revenue for individuals and businesses. According to Goldman Sachs, it will grow from $6.3 billion to more than $20 billion within the next five years.
Metaverse allows anyone to create and monetise their virtual world. With an easy-to-use design interface, Metaverse enables users to build anything they can imagine while also allowing them the opportunity to earn money by selling in-platform items to other users.
The best example is XANA metaverse which supports metaverse compatible NFTs and has an interlinked NFT marketplace. Users can enhance the value of their NFTs within the Metaverse and then sell them.
Expansion of the Metaverse Technology
The Metaverse is currently in its second phase, but we're not done yet. Virtual platforms like XANA Metaverse allow users to interact within the Metaverse as digital avatars. You can either design your avatar yourself or choose from a range of pre-made templates by going to the Metaverse website. Once you've created your avatar, you'll be able to enter the Metaverse via computer or mobile device. This means you can experience the Metaverse anywhere in the world, at any time—which is precisely what makes it so appealing!
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