Deep Dive into “The Metaverse” October 10, 2022
Deep Dive into “The Metaverse” <br><br><br>
Deep Dive into “The Metaverse”
Meta is a Greek word meaning beyond, and verse represents the universe. Hence, Metaverse is beyond the current internet universe of Web 2.0. Metaverse is a virtual-reality environment where users can interact with others in an entirely digital space.
It is the next version of the internet era, i.e., Web 3.0. Metaverse defines a collaborative virtual sharing space that combines physical reality, online gaming, augmented reality (AR), virtual reality (VR), and cryptocurrencies to enable effective virtual interaction.
Metaverse will be your digital presence as if you are right there with another person in the desired environment. It extends the real world: human profiles are signified as avatars. Office spaces, property, and concerts are all replicated in the Metaverse.
As per the latest research by Gartner, 25% of all individuals will spend at least one hour on the Metaverse by 2026. This could be related to work, shopping, education, or entertainment. Metaverse technology is a core feature of Web3.0 and will be built using blockchain systems and open standards. It will be run by a network of computers worldwide rather than a single entity. Facebook has already brought the metaverse to the mainstream by rebranding itself as “Meta.”
Table of Contents
- Metaverse-The updated version of the internet
- Key Drivers/Factors Affecting Metaverse Adoption
- Metaverse and Digital Transformation Market
- Segmentation by region and impact over the next decade
- Key Components in the metaverse space
- Metaverse and DAO
- Transactions in Metaverse
- Application Of Metaverse Across Industries
- Metaverse impact on Economy
- User Experience