Impakter
  • News
    • Culture
      • Art
      • Cinema
      • Entertainment
      • Literature
      • Music
      • Photography
    • Style
      • Architecture
      • Design
      • Fashion
      • Foodscape
      • Lifestyle
    • Society
      • Business
      • Foreign Affairs & Politics
      • Health
      • Tech
      • Science
      • Start-up
    • Impact
      • Environment
      • Eco Life
      • Circular Economy
      • COP26
      • CityLife
        • Copenhagen
        • San Francisco
        • Seattle
        • Sydney
      • Sustainability Series
        • SDGs Series
        • Shape Your Future
        • 2030: Dream or Reality
      • Philanthropy
        • United Nations
        • NGO & Charities
        • Essays
  • Business Hub
  • Sustainability Index
  • Partners
  • About
    • Team
    • Contributors
    • Global Leaders
    • Write for Impakter
      • Republishing Content
      • Permissions and Copyright
      • Privacy Policy
    • Contact
No Result
View All Result
  • News
    • Culture
      • Art
      • Cinema
      • Entertainment
      • Literature
      • Music
      • Photography
    • Style
      • Architecture
      • Design
      • Fashion
      • Foodscape
      • Lifestyle
    • Society
      • Business
      • Foreign Affairs & Politics
      • Health
      • Tech
      • Science
      • Start-up
    • Impact
      • Environment
      • Eco Life
      • Circular Economy
      • COP26
      • CityLife
        • Copenhagen
        • San Francisco
        • Seattle
        • Sydney
      • Sustainability Series
        • SDGs Series
        • Shape Your Future
        • 2030: Dream or Reality
      • Philanthropy
        • United Nations
        • NGO & Charities
        • Essays
  • Business Hub
  • Sustainability Index
  • Partners
  • About
    • Team
    • Contributors
    • Global Leaders
    • Write for Impakter
      • Republishing Content
      • Permissions and Copyright
      • Privacy Policy
    • Contact
No Result
View All Result
Impakter
No Result
View All Result
Home Society Science

Is the Metaverse our Next Frontier?

What the Metaverse Offers to Users and Content Creators

byJustin Meacock
October 3, 2021
in Science, Tech
Share on FacebookShare on Twitter

Does a new frontier await? One where any world imaginable can virtually exist in cyberspace? Instead of trying to visit different parts of the earth, space, the galaxy, and the universe physically, can we experience them virtually with anyone from anywhere on earth? Is this new frontier the Metaverse?

 More and more companies are working to make this a reality. These include Facebook, Microsoft, Amazon, Disney, Nvidia, and video game manufacturers such as Roblox and Unity software. Tech communities believe that the metaverse should be an open and interoperable ecosystem, not dominated by any single company, but it is hard to believe that these companies aren’t racing for majority control.

 At the present time, one may wonder whether the Covid pandemic, forcing us to increase reliance on  Zoom, blockchain technologies, cryptocurrencies, Facebook’s Oculus, and NFTs hasn’t already pushed us there faster? Items that exist virtually in current society are becoming more valuable such as NFTs and Cryptocurrencies. These items can be exchanged in the metaverse to access concerts and other digital venues and items.

 Will we be able to attend any concert virtually within the comfort of our own homes without having to worry about maximum occupancies and disease transmissions, reducing the cost for admission making them more accessible to everyone virtually?

A digital twin – a virtual simulation of a real-world scenario – can augment this physical experience. Imagine you have a stadium that can only host an audience of 20,000 people for a live concert, but you can enable millions of users to participate in that event through a digital twin process and get at the same time a dynamic interaction between the two.

Some companies and musical artists have already experimented in this area. Balenciaga held a virtual fashion show and musical artist Travis Scott performed a concert on Fortnite drawing 27 million users at the time. Both events provided experiences like never before.

 When we need to go to work for a business meeting, can we actually be there in the meeting room virtually getting more of a real-life interpersonal feel than meeting through Zoom? That is the promise of the Metaverse: It is more than just a game that incorporates other companies’ intellectual property. Instead, it’s an Internet where people will more tangibly replicate many common aspects of real-world life, including socialization, commerce, and entertainment.

trying out Horizon Workrooms, aka Facebook’s “Metaverse for Work” pic.twitter.com/E2GKqNOMT7

— Jane Manchun Wong (@wongmjane) August 21, 2021

 With space, real estate, increasing prices, and Covid transmissions becoming more of a burden and affecting everyday life, the promise of a future where the living conditions are still cramped but people have accepted their material conditions and retreated into a fantasy world created by the tech companies becomes more appealing.


Related Articles: Facebook’s Latest Gamble: Smart Sunglasses | Artificial Intelligence: At the Intersection of Innovation, Technology and Talent — WCIT 2019 | Technology Trends Transforming the World

The Metaverse has the potential to be another parallel economy where anything that can be dreamt up can be built. In the real world, web and software design is a huge part of the economy with tech and software leaders as some of the richest people in the world. In 2019, researchers estimate that “the digital economy is worth $11.5 trillion globally, equivalent to 15.5 percent of global GDP and has grown two and a half times faster than global GDP over the past 15 years. The development of the metaverse can add to this. 

Also, Metaverse needs massive content to entertain the users. It needs experiences like virtual amusement parks, virtual movie theatres, virtual concerts, virtual casinos, virtual schools, virtual conferences and so on to be created in exchange for cryptocurrencies or backed by NFTs.

The Internet as we know may quickly become a thing of the past with the creation of the Metaverse. Once created, the metaverse has the potential to lead to a more equal world, reducing experiences in life based on economic differences and advancing our communication and information as we know it.


Editor’s Note: The opinions expressed here by Impakter.com columnists are their own, not those of Impakter.com. — In the Featured Photo: Virtual Reality Gear. Featured Photo Credit: Stephan Sorkin

Tags: MetaverseNext FrontierVIrtual Reality
Previous Post

ICLEI’s Daring Cities Forum Set to Take On the Climate Emergency in Cities

Next Post

DeepH, The New App To Help Your Mental & Physical Health

Justin Meacock

Justin Meacock

Born and raised in New York, Justin served four years in the U.S. Navy. Then studied International Relations and Marketing. He is now interested in continuing his studies in Journalism. Always a lover of the outdoors and caring for the environment and a sustainable lifestyle, Justin loves to learn and share about the emerging technologies and business opportunities that benefit the environment, the economy, and the individual. Currently he is an intern with Impakter.

Related Posts

Space Junk: Has Earth’s Orbit Become Our Scrap Yard?
Environment

Space Junk: Has Earth’s Orbit Become Our Scrap Yard?

March 20, 2023
GPT-4: What is The World’s Most Advanced AI Companion Capable Of?
Tech

GPT-4: What is The World’s Most Advanced AI Companion Capable Of?

March 18, 2023
Why UN Climate Science Must Keep Shaping Global Climate Policy
Climate Change

Why UN Climate Science Must Keep Shaping Global Climate Policy

March 11, 2023
Next Post
DeepH, The New App To Help Your Mental & Physical Health

DeepH, The New App To Help Your Mental & Physical Health

Recent News

Indigenous Languages and Ecocide: The Legacy of Western Colonialism Re-examined

Indigenous Languages and Ecocide: The Legacy of Western Colonialism Re-examined

March 21, 2023
An image of green space in a 15-minute city, the urban planning idea around which a conspiracy has grown

The 15-Minute City: How Did a Convenient Concept Become So Controversial?

March 21, 2023
Ukraine reconstruction women

Including Women in Sustainable Reconstruction in Ukraine

March 21, 2023
impakter-logo-light

Impakter informs you through the eco news site and empowers your sustainable lifestyle with its eco products marketplace.

Visit here IMPAKTER ECO for your eco products needs.

Registered Office Address

32 Lots Road, London
SW10 0QJ, United Kingdom


IMPAKTER Limited

Company number: 10806931

Impakter is a publication that is identified by the following International Standard Serial Number (ISSN) is the following 2515-9569 (Printed) and 2515-9577 (online – Website).


Office Hours - Monday to Friday

9.30am - 5.00pm CEST


Email

stories [at] impakter.com

About Us

  • Team
  • Contributors
  • Privacy Policy
  • Contact
  • Partners

By Audience

  • Lifestyle
  • Green Finance
  • Culture
  • Society
  • Style
  • Impact

Impakter Platforms

  • Media
  • Index

© 2023 IMPAKTER. All rights reserved.

No Result
View All Result
  • News
    • Culture
    • Style
    • Society
    • Impact
  • Business Hub
  • Sustainability Index
  • About
    • Team
    • Partners
    • Contact
    • Privacy Policy

© 2023 IMPAKTER. All rights reserved.

Impakter.com uses cookies to enhance your experience when visiting the website and to serve you with advertisements that might interest you. By continuing to use this site, you agree to our use of cookies. Visit our Privacy and Cookie Policy.