Big companies want to integrate the metaverse into the real world, which will be the most significant technological revolution in the coming years.
The Metaverse Is An Evolving Internet. What if the Internet didn’t exist? It’s impossible to imagine. In a few years, we’ll say the same about the metaverse. The word metaverse appeared in the 1990s by fiction author Neal Stephenson in his book Snow Crash. The concept has evolved a lot since then, and today it can be understood as a universe that can live in and integrate with the real universe. The metaverse allows one to immerse oneself in an alternate world that can affect our physical world. We’re witnessing a new phase of the Internet.
The metaverse has gained a strong foothold, especially in video games. Through NFTs, many video games have been built on the blockchain using decentralized finance (DeFi) as a form of governance. Large companies like Facebook, Walmart, and eBay have invested in this technology to take the metaverse beyond video games.
These investments seek to integrate the metaverse into the real world, the biggest technological revolution in the coming years. The metaverse will be present at all levels of society. You can play games, travel, make large investments, and work remotely more efficiently than traditional ones.
Evolution is happening
We have recently experienced a context of social distancing on a global scale. While for some companies, it was time to discover other ways of functioning and working, the vast majority faced difficulties in the interaction between their employees. The coffee break and lunchtime conversation were not possible, which reduced human interaction and, consequently, team dynamics.
Imagine that it is possible to replicate the office environment in virtual reality. Imagine having your avatar and seeing your coworker throughout the workday. Being immersed in a virtual office can allow you to go to the meeting room, talk about the weather with the boss in the hallway or even organize a happy hour (in person or not) with your coworkers. Plus, you can add personal elements to your work desks, such as NFT family photos, art, or even a mirror, restoring to remote work the team bonding lost in videoconferencing meetings.
The metaverse will change how we work. Before long, large virtual offices in decentralized ecosystems will replace large face-to-face offices, which will become useless.
However, the most impactful transformation of the metaverse will occur in how we learn and teach children. With the metaverse and virtual reality, reliving historical moments in which you can be an active participant will be possible. Through an NFT avatar, students can interact with various historical scenarios and enter space rockets, power plants, and museums worldwide. Meanwhile, the teacher will also have their character walking in the teaching scenarios.
Immersive education will revolutionize the current learning curve, forming more capable adults with a high level of knowledge and experience of different environments and historical moments.
DeFi, tokenomics, and the metaverse.
NFTs are undoubtedly a great asset, making the metaverse concept valuable and authentic. As new blockchains appear, it becomes increasingly easy and accessible for the typical user to purchase unique and exclusive characters, which enable interaction in the metaverse. As a form of organization, NFTs can be passports that guarantee different experience levels, whether in a video game or in a community that discusses literary classics every Thursday.
Decentralization is one of the justifications for the metaverse as the Internet’s next stage. As never before, blockchain-based video games have demonstrated how decentralization and shared governance work. A case in point is the successful case of Axie Infinity, which reached 1.85 million daily active users while its token soared to over $150.
Everything seems to indicate that even traditional companies will have to adapt to the technological evolution of the metaverse. With the expansion of the 5G Internet, along with a drop in the cost of purchasing virtual reality equipment, it will be much easier for us to, for example, visit a restaurant in its virtual version before we physically go there and run the risk of being disappointed.
As blockchains evolve, reduce transaction costs, create and add new NFTs, and improve the user interface, the metaverse will have the big boom it needs. It will allow the entry of people who are not adept at technology and still have some resistance. As for the beginning of the metaverse development, there are also great investment opportunities. Whether with blockchain or specific projects, the crypto ecosystem will benefit significantly from this next phase of the Internet, characterized by the strong presence of the metaverse.
We must continue to work in that direction from technology and finance, optimizing the blockchains that form the metaverse’s foundations. We must facilitate access and ensure blockchain security, stability, and trust for small or large investors.