What is Metaverse and How Will it Change the Way We Live?

Since the advent of the internet, the way we consume content has changed faster than ever. In the early 2000s, we primarily consumed content by reading the text out there. People started consuming video content as the internet spread worldwide and connections became faster. Now, the way we consume content will be changed forever in the metaverse. There are various exciting facts about the metaverse which keep on inspiring people about the type of era we all are entering in.

But what exactly is metaverse, and what is the hype around this concept? Let's see.

Metaverse Introduction

Metaverse combines the words "meta" and "verse." Meta means "beyond," while verse means "world." This means that the metaverse will be a new world that will be beyond the current universe.

Metaverse is a term used to describe a virtual world or simulated environment in which everyone can interact with each other and explore, create, and inhabit a digital world.

It refers to an online collection of interconnected virtual realities where users can create content, engage in social activities, participate in economic transactions, and exchange goods and services without being physically present where these things are supposed to happen.

Metaverse environments are similar to the 3D immersive worlds found in video games. Still, they exist independently of any game system while allowing their inhabitants to conduct business, collaborate on projects, share resources, build communities, and connect with people from all over the world.

Metaverse is just like fiction turned into a reality. You might have read fiction novels or watched such movies on your screens. But in the metaverse, this will be a reality.

Metaverse Infographic

Metaverse is the New Solar System

This new world is so awe-inspiring that it is now a common conception that the metaverse is the new solar system that will change our lives.

The metaverse is the virtual reality world where everyone will be immersed in a reality beyond their imagination. The very purpose of the metaverse is to experience the world from a whole new perspective that is unseen now. The richness embedded in our experiences of the real world will be unleashed in the metaverse.

Meanwhile in the metaverse, we can do anything we imagine, making this world a new solar system.

If you want to talk to your friend, have a meeting with your colleagues, learn new things, go shopping, or create content, you must be physically present at some place in today's world. But all of this will happen entirely differently in the metaverse.

For example, when you play a video game with your friend, you will experience the game by immersing yourself entirely in the game's graphics.

Or let's say you are sending your video to your loved ones. Currently, they can only see the video on their device. But in the metaverse, they can see the video like they are interacting with you in real time.

These graphically rich experiences will undoubtedly revolutionize how we interact with each other.

It is true that screens cannot convey all human experiences and emotions. When you are interacting with others using screens, your interaction is limited by technology. But the metaverse will be different. 

Every human being will have an avatar in the metaverse. You can send your avatar to a business meeting where they will interact with the avatars of other business colleagues. The avatars can make decisions based on artificial intelligence from a business meeting and help you close business deals.

The thing that distinguishes metaverse from other ways of interaction is the feeling of presence. If you want to meet your friend or a family member in another country, you need to be physically present in that location. You need to fly to that country and meet with your people. However, in the metaverse, you can easily meet them just by wearing glasses that will take you to the metaverse. After wearing the glasses, you will have felt physically present in that country, had all the experiences you wanted, and be right back in your place within seconds. This will save you a lot of money, and you can enjoy everything in parallel.

Or let's assume you want to attend an international conference. Unfortunately, you are unable to fly since all the flights were canceled. Your whole business is at stake since you had a schedule of meetings with some important personalities on the outskirts of the conference. This is where the metaverse comes to the rescue. You can easily attend the conference right after wearing a set of glasses that will take you to the metaverse.

Your friend is attending a live concert in Germany while you are in the United States. In the metaverse, you can attend a concert in a matter of clicks, dance with your friend, have fun, and be back at your place whenever you want.

Or you want to play football in the metaverse with your friends. This can easily happen in the metaverse. You are at your home, and your friends are at their homes. But using holograms technology, each one of your friends has a football field at their place. Now everyone is playing football at their own places, but in reality, you are experiencing that you are doing it with your friends.

Will My Privacy be Affected in Metaverse?

One of people's most common concerns about the metaverse is their privacy. What if someone wants to invade your privacy in the metaverse and be at your place without your consent?

What will happen to your privacy in such a case when there is no restriction on where people can go in the metaverse? But you do not need to worry since you will be the master of your freedom in this world.

In the metaverse, you can easily control who has access to communicate with you and who you want to share with. You can also lock yourself into a personal space where no one can come without your consent.

And even more interesting will be your ability to take physical things with you in the metaverse. You will be able to bring the things of the physical world with you in the metaverse. In this world, you can take your art, movies, and digital assets and interact with them.

How Will We Access and Navigate a Metaverse?

The simple answer to this question is an avatar. We will be able to navigate the world using our avatars, which will be our digital identity in the metaverse. We will be able to dress our avatars as per the situation, which will truly help us in immersing the situation.

Which Technologies Will be Used to Make Metaverse a Reality?

But the metaverse will not emerge out of nowhere. In fact, a whole range of technologies will power the metaverse. Some of these technologies include:

Artificial Intelligence

Artificial intelligence will help our avatars in making real-time decisions as necessary in the metaverse. AI and metaverse have deep ties as this technology will help us create a virtual world by taking inspiration from the real world.

Internet of Things (IoT)

The metaverse will be powered by the internet. There is no concept of the metaverse without high-speed internet, which means that nearly all the things in the metaverse will require a lot of internet consumption. This means that every object around us will have to be controlled by the internet, which will eventually take IoT to a whole new level.

Extended Reality

Metaverse will be a combination of Virtual Reality and Augmented Reality. The extended reality will help us in creating visuals in the virtual world that are not present in the real world.

Neural chips

Neural chips or brain-computer interfaces will be an important ingredient in the metaverse. As a matter of fact, we will be giving commands to our avatars using our brains. Without neural chips, it will be hard to communicate with our avatars, who will be our identity in the metaverse.

Blockchain

The whole metaverse will work on the concept of blockchain. People will be able to protect their privacy in the metaverse using blockchain technology. For instance, all the data of the metaverse will be stored in blockchains using a distributed ledger. Now let's assume that someone wants to interact with you and make up their mind for this.

At the backend, a new block of data will be added to the blockchain. Once this happens, you will need to give your consent to meet the same person. Now if you approve their request, the block will be added to the chain. Otherwise, it will be discarded. Each and every change in data will require consent from others, as it happens in the case of node immutability of the blockchain.

Doing Business in Metaverse

There will be plenty of metaverse business ideas that are going to change the world in times to come.

The future of business could be dramatically changed with the introduction of metaverses. Companies can allow consumers to visit their factories virtually to create deep trust with their customers.

The world of online advertising will also be changed in the metaverse since people can experience the products in real time. They won't have to fall into the trap of fake marketing tactics, which are principally employed to take money out of their pockets. Everyone can just experience the products after weaning a piece of glass which will help them in enjoying the product. These things will reform the way we do business as metaverse business ideas will help us in bringing new things to life.

Is Metaverse Regulated by Governments?

Currently, the metaverse is not regulated by any government law. But as time passes and more developments happen in this virtual world, governments worldwide will need to bring new regulations related to the metaverse. Laws on intellectual property will need to be enforced strictly in the metaverse if every creator has to be given credit for their creation. But metaverse legal issues will surely push those people in trouble who will try to use other people's creative work without their consent.

Final Thoughts

Metaverses are becoming more popular as people look for new ways to connect and interact with the whole world from the comfort of their homes.

The possibilities for what can be achieved through metaverse technology are truly limitless. Whether you're looking for a means of socializing or engaging in commerce, a metaverse could be just the thing you need to explore the world digitally.

The future of the metaverse looks incredibly exciting. As more people join the space, we will likely see an explosion of creative content, businesses, and even virtual economies.

We can also expect to see large-scale events, like virtual music concerts or conventions, as well as new types of social experiences, such as teaming up with a group of people to explore and build the metaverse together. There is no limit to what we can do in the metaverse; it will only continue to grow and evolve as technology advances.

At the end of the day, we will all be the humans of the metaverse who will be interacting with each other. 

Those who will not accomplish metaverse onboarding will be pushed into dark times since they will not be able to compete with the efficiency of metaverse humans.

Now the keys to the metaverse are in the hands of the digital creators who are making new experiences possible for everyone.

Bariki Mshomi

Bariki Mshomi

20+ years of IT experience, during which he have achieved expertise as a Data Integration Architect, Solutions Architecture, Data Architecture, ETL Architecture, and Developer, Data warehousing Modeler Database Technologies, including Oracle, SQL Server, DB2, IMS, VSAM, Teradata, Hive Data Movement using Informatica, SSIS, PDI Pentaho, PL/SQL, and SQL/PL Business Intelligence Reporting using Business Objects and Microstrategy Clients Including Highmark Health, Ramsey County MN, Century Link, Country Financial, Digi-Key, Toro, Medica, Blue Cross Blue Shield of MN, Ingenix, Cardinal Health, Data Recognition, Target, Allianz, eFunds, Fair Isaac, GE Capital Fleet, and Carlson Marketing Group

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