In October 2021, Facebook CEO Mark Zuckerburg announced the rebranding of his multimillion-dollar worth of social media enterprise. Thanks to his vision to amplify the impact of technology and digital socialization by changing the name of his company to Meta, the concept of metaverse—which has been around for some time before the Facebook name change—becomes a louder talk of the town for tech savvies and simply curious ones.
What is a metaverse anyway? It’s a portmanteau word formed from meta, which means “beyond” and universe. Thus, on a literal level, the term refers to a “beyond the universe” or “next-level universe.” Technologists can better describe this abstract idea as an alternative reality that allows you to experience another life in a virtual place. It will enable people to participate in various immersive experiences in different digital spaces. If you have watched the movie Ready Player One or played games like Roblox or Fortnite, you might understand how metaverse ideally works.
Even though a study on employer attitude towards the metaverse showed that 63% of employees are concerned about employers collecting their private data and tracking their online activity, there are many positive sides to working in a metaverse environment. Here are the top 5 reasons to be excited about the metaverse.
1. More job opportunities for the digitally skilled
Have you noticed the growing number of vloggers, streamers, and influencers that filled your news feed during the pandemic? These “content creators” do not simply want attention and fame by posting videos of themselves on social media; they earn from the views they receive.
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Apart from monetizing their content, they can also make extra by gaining other tokens that cost audiences real money. That alone works in the metaverse of Zuckerberg that incorporates several social media sites.
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More opportunities await highly skilled animators and digital developers in online gaming. What’s even more mind-boggling? People invested in such jobs tend to earn much more than regular office employees.
2. NFTs and cryptocurrencies gaining value
Non-fungible tokens (NFTs) and cryptocurrencies are not the same in value and function, but they are both catalysts of revolution in the metaverse. NFTs will allow you to own digital products that you can use interchangeably in a virtual world. It empowers your crypto wallet, which you use to carry cryptocurrencies and your metaverse-only digital goods like your avatars and their paraphernalia.
3. Travelling without going to places
Experiencing leisurely travel without breaking the bank is made even better in the metaverse. Through virtual and augmented reality, metaverse users can experience an immersive first-person point-of-view vacation, giving that feel like they are actually in that place.
Sceneries are made more realistic with advanced graphics and animation technology. Avatars of other users are also there for the scenery, and tourism may be realistically programmed and designed to give people the opportunity to interact. This could be the future of team building!
4. People gather together without being together in person
Everything became virtual when a pandemic hit the world in 2020. That’s when people realized that many things—and maybe a lot more—can be done virtually. Meetings, conferences, classes, and even concerts became possible despite the restrictions in having mass gatherings.
In the metaverse, the such assembly can be achieved in a virtual environment that looks exactly like its physical counterpart so users can get the feel of being there. Aside from the familiarity, events in the metaverse can accommodate way more than actual conference halls and rooms, allowing more participants to come together and enjoy themselves.
5. More accessible and flexible forms of education emerge
Shutting down educational institutions for two years would have left an enormous learning gap among students. Good thing that void has been filled with the help of technology thru online classrooms and educational platforms. With the metaverse, learning will be more accessible than ever as people from around the world can share information and study together in real-time in a hands-on educational environment.
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Indeed, technology has advanced thus far, and we can make a digital parallel universe with it. Even though it’s exciting and it can significantly increase the quality of our lives, there are still some drawbacks to this approach we should know about.