Whether or not you are a tech geek, you must have heard about the term Metaverse, a technology that has outperformed human expectations of building a virtual space. What does the future of Metaverse look like? What are the possible areas of application of the new technology?
Read the full blog to find answers to these questions and discover the hidden potential of the metaverse.
Metaverse: The Key Element of the Web 3 Cluster
The urge of technology is to pair human evolution with incredible innovations to create a better future. Metaverse is one emerging technology catalyzing the development of decentralized virtual infrastructure.
Looking at the past events of different phases of the internet, it is clear that we are swiftly moving from the read-only type of internet to the new decentralized version of the internet, Web 3.
What is Metaverse?
Metaverse is a decentralized network connecting different virtual spaces to deliver a digital experience never experienced before. In a metaverse, users can play, interact, trade, work, or exchange within the metaverse ecosystem through their digital human versions. These digital versions of humans are called avatars.
As the core of the metaverse comprises blockchain technology, it is not regulated by any central authority, and no device dependence exists in particular.
The economy in the metaverse is driven by cryptocurrencies and NFTs, which are considered to be the reducing agents of the financial gap in the world. Metaverse combines the following -
- Virtual Reality (VR)
- Augmented Reality (AR)
- Artificial Intelligence (AI)
Potential Future Use Case Areas of the Metaverse
AR and VR define the full potential of a Metaverse, and the technology is penetrating its way to new sectors every day. There is no doubt that the metaverse's future is more than just the VR and AR-enabled headgears, smart glasses, and handles for virtual gaming.
Metaverse offers an immersive digital experience with high-end digital security and 100% transparency. The following are the most common and to be use cases of Metaverse -
Metaverse and Entertainment
According to experts, the entertainment industry is set to be the most profitable field, with the future of the metaverse being set all around to deliver a better digital experience for users.
It includes everything from digital concerts, events, sports, social media groups, etc.
Metaverse in Household
The future of the metaverse is also expected to enhance our inside-home experiences. The virtual and hybrid technologies of the Metaverse can streamline a variety of home activities that currently leave us struggling for solutions.
The day is not far when more households will find access to the metaverse through WiFi or Fiber, and people will start connecting digitally in an intra-personalized world. It can also be predicted that Metaverse will turn our home environment into a place of opportunities with new technologies around in use.
Interactive Online Gaming
The e-gaming sector has seen a great impact on the evolution of Metaverse. Even in the present, there are many metaverse gaming projects that have shown great advancements through their development phase.
Metaverse Gaming Startups in India, like Zionverse, have built an e-gaming platform that offers users a more immersive gaming experience.
The Future of Metaverse has several branches of possibilities, and Indian startups like Zionverse are putting more effort into R&D in the development of their metaverse project.
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