Since Facebook, the social media giant, rebranded as Meta, ‘what is metaverse’ has been ruling our minds. Does this exist in another parallel universe we aren’t a part of? Or is something very scientific and technologically tricky for a commoner’s understand? How does this concept work, and what does it have to do with social media?
Before we immerse ourselves in futuristic reality, we must know what Metaverse is and everything revolving around it!
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What Does Metaverse Mean?
In simple words, Metaverse is a space where people can engage with each other through devices connected to the internet. A Metaverse can be used to play games online, learn, train, and build social media networks.
It can be used to construct other fictional or virtual worlds resembling the real world. The ‘Metaverse,’ as its name suggests, will be a distinctive and immersive online experience that is unimaginable. Also, it offers numerous opportunities for exploration as its constantly growing and improving.
Virtual reality (VR) headsets and augmented reality (AR) glasses are a few rapidly developing technologies that provide access to this virtual world. Alongside this, the other essential elements of the Metaverse are also evolving.
How Does The Metaverse Work?
Since it isn’t fully developed, most people do not know how the Metaverse work. To understand it deeply, you must understand the three elements that Metaverse consists of:
- A digital space with 3D technology.
- Real-time collaboration software.
- Financial tools that are blockchain-based.
This means if you own an NFT (non-fungible token) or cryptocurrency or are into virtual reality and augmented reality, you are already a part of the extensive Metaverse.
How Do You Get In The Metaverse?
There are different ways to get into Metaverse. You must be using some and still aren’t aware that you are getting into this illusional yet real world.
Work-Life: While the pandemic affected the world, working online became a reality. Meta has already stepped ahead by introducing Horizon workrooms. This is a platform that allows employees to meet online using virtual reality. This also includes virtual office tools like whiteboards, VR workstations, calendar apps, file sharing, etc. Other organizations like Microsoft are already working on this concept, and we can expect more employers to enter it soon!
Purchasing land in Meta: Visit the Metaverse’s real estates marketplaces, such as Decentraland, Axie Infinity, or Sandbox, and sign up for an account. Compare the prices of the various available land piece as you browse. Once you’ve decided on the digital property, you want to purchase, click it to learn more about it.
Gaming: Games like Axie Infinity, Sandbox, Illuvium, and Decentraland are leading the metaverse race. These platforms are expected to draw the most users to the Metaverse because they have a dynamic social network and a decentralized economy at their center.
Social Media And The Meta-verse
Metaverse is an extensive addition to social media. It will increase engagement and provide individuals with new experiences. ‘The Meta verse’ will combine many well-known social media components, including teamwork, commerce, live events, and interactive experiences based on augmented reality and virtual reality (AR).
It is still primarily conceptual, and the underlying technologies are still in the early phases of development; therefore, it will take some time. Nevertheless, regulators will actively monitor the Metaverse’s development to flag any potential risks to users and their personal information.
Instagram and Snapchat have already stepped into the ‘Meta verse’ by introducing various filters that include Virtual reality.
Cybercrime, social engineering, and identity fraud are all frequent concerns linked with the Metaverse, just like they are with other online platforms. It is also expected to increase the adverse effects of bad online behavior by further erasing the barrier between virtual worlds and reality.
We will be able to contact family and friends around the world in a totally new way when social media evolves from 2-D to 3-D and online interaction becomes more realistic. This isn’t even the beginning!
There will be a significant social influence of the metaverse. Businesses and brands will be able to explore new options and let their imaginations run wild. As a result, the Metaverse will eventually alter the globe, even if it might only be an update of current social media platforms. Along with massively changing the gaming industry, it will soon evolve social media, the corporate world, and finances.