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Surprising Facts About Metaverse You Should Know

Here are ten facts about the metaverse that you should be aware of:

1. The metaverse is a universe made possible by AR and VR technology.

You would be able to “attend” a business event or even a virtual concert while wearing a VR headset – just as if you were there in person. The metaverse creates a three-dimensional experience where people can interact more immersively, but not physically.

It combines the real and virtual worlds, providing users with a 3D space to meet, work, shop, and do everything you can do on the internet and more. Mark Zuckerberg refers to it as an “embodied internet.”

2. Anyone can join the metaverse

The metaverse is a world that is both virtual and interoperable. Interoperability is a critical component of the metaverse, which means that information is seamlessly exchanged between different systems. It’s easier than you think to enter the metaverse.

If you have a VR headset, you can access the metaverse – though a VR headset will cost you around $300. The metaverse is as accessible to everyone as the internet is to everyone. However, to access the metaverse, you must first download the necessary applications, such as the game The Sandbox, which is one of the most

popular decentralized metaverse games. It enables users to create, construct, and monetize virtual worlds within the digital world.

3. Metaverse for work, play, and travel

In the metaverse, anything is possible (all virtually, of course). Supporters of the metaverse envision its users working, playing, gaming, and staying in touch with friends through events such as concerts, conferences, and virtual trips around the world.

4. Things in the metaverse will both cost and make money.

Participants in the Metaverse can participate in decentralized virtual economies powered by cryptocurrency (such as Sensorium Galaxy’s own SENSO). This includes marketplaces where users can buy, sell, and trade items like avatars, virtual clothing, NFTs, and event tickets.

The metaverse is worth a lot of money. According to some estimates, the annual revenue opportunity for virtual worlds could be worth up to $1 trillion across segments such as advertising, digital events, and e-commerce.

5. Land can be bought and sold in the metaverse

Many people are thinking about buying digital property as a long-term investment. Metaverse coins have experienced rapid growth. As a result, owning property in metaverse games may be profitable in terms of potential return on investment.

Famous metaverse lands for sale include The Sandbox, Decentraland, and Cryptovoxels, all available on OpenSea. A virtual estate sold for $2.4 million in Decentraland, setting another metaverse record.

6.  No one owns the metaverse

The metaverse is not owned by a corporation or a single platform but by all users who have access to their personal data.

The W3C (World Wide Web Consortium) decides the metaverse’s standards, and it is led by the creator of the World Wide Web – The man who has never sought to monetize his creation excessively: Berners-Lee, Tim. However, there is no apparent creator of the metaverse.

7. Metaverse may be safer than you believe

The metaverse is financially secure because blockchain technology ensures that all transactions within a virtual world are public, easily tracked, and secure at all times.

In terms of cybersecurity, the metaverse expands the number of places that can be attacked. Although the underlying systems will continue to be the targets for data theft, this may change as the platforms gain popularity.

When avatars are used as a form of identification, the person and personal data are vulnerable to being copied, stolen, erased, or manipulated. However, biometric identification could be a future solution.

 8. The metaverse will certainly have an impact on how people work

For many of us, working online is already a reality. As Facebook has already released Horizon Workrooms, the metaverse would simply be a continuation of that.

Other tech behemoths, such as Microsoft, are following suit, and we can only expect more businesses to try to send their employees into the metaverse.

Virtual reality will be used in 23 million jobs worldwide in less than ten years, ushering humanity into the metaverse.

Ideas from the metaverse could help people organise the way we work – and, more broadly, society – in a more productive way.

Shared standards and protocols that integrate disparate virtual worlds and augmented realities into a single, open metaverse could make it easier for people to collaborate.

9. Blockchain technology is critical to the metaverse’s development

Although metaverse blockchain technology is still in its early stages, the concept of this digital world is well-developed. Blockchain technology has proven helpful in six key metaverse areas: digital proof of ownership, digital collectibility, value transfer, governance, accessibility, and interoperability. Blockchain technology is ideal for the metaverse because it provides a transparent and cost-effective solution.

10. The metaverse hasn’t arrived yet

A fully-fledged metaverse could be years, if not a decade, away. There are still numerous technical challenges to overcome, beginning with the fact that the world lacks an online infrastructure capable of supporting millions (or even billions) of people using the metaverse simultaneously.

Conclusion

Because a glitchy virtual world scenario is not what the metaverse is supposed to look like, an uninterrupted and reliable internet connection is a key building block of the metaverse. Technology such as 5G and edge computing are still in development and are currently incapable of meeting the demands of a complex infrastructure such as the metaverse.

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