METAVERSE IS REALITY OR STILL A HYPE IN 2022?

by | Jul 6, 2022 | Market, Market News, Metaverse101, News | 0 comments

Metaverse will be the second internet in the future year but yet a long way to go. It’s the new virtual world after wearing VR glasses you are in a different space. In today’s world technologies are changing every sec, and companies are always surprising us with new gadgets. The use of the metaverse, completely changes the way socialize, work, or even our way of living but still, it’s a long-run process to be a reality.

But thanks to the NFT technology, we have still hope for the metaverse to grow its branches in the real world. This is the fact that with the emerging technology of the metaverse we can grow our standard of living and for many businesses, it’s a new opportunity to cater market. For metaverse to smoothly work in our real world is still a big question.

HOW METAVERSE IS CHANGING THE WORLD

From no phones to smartphones and then the internet world is changing enormously and yes, we hate it or love it we are living in a time where physical contact is a decline in a growing span. Now humans can do anything with the click of a fingertip without going outside of their house. Let’s understand the benefits of the adoption of the metaverse.

CHANGES IN E-COMMERCE

E-commerce transformed from traditional shopping to online shopping but can you imagine if metaverse merges with e-commerce. You can shop virtually with the help of your avatar and can go to any stores worldwide and experience exactly like when you go shopping in malls.

CRYPTO WILL RULE

After the metaverse completely functions in our real world we will find that crypto adoption will rise in the market as with the help of crypto you can go to the international metaverse shopping and you can use your crypto regardless of which country you are in.

VIDEO CALLS WILL BE MORE REAL THAN BEFORE

In a covid crisis, we have already seen the importance of video calls to interact with our family members and close ones but metaverse adds the dimension by providing real-time space to meet our family members and feel like they are around us.

CHALLENGES FACED BY METAVERSE

Many people believe that the future of the internet is metaverse but due to the higher cost of VR sets people still feel resistance to using it and it’s not only one issue for having costly VR sets is not affordable for many of us.

HARDWARE

Until now metaverse is completely dependent on VR, and AR sets but the problem is these devices are not lightweight, portable, and affordable for everyone which makes little hard to use metaverse smoothly.

IDENTITY ISSUE

People are might different in the online world versus in the real world. Are they being same in both worlds? After using metaverse this problem will automatically arise as it uses your avatars which may be different in the real world also if your avatars may be hacked, we need to build some security protocols to smoothen the process.

PROBLEMS IN MENTAL HEALTH

It may be worked as an addiction which is not good for the health as if metaverse will lead the game there is time come no one interacts in the real world which decreases activity and the end cause many health issues like depression, anxiety, or heart diseases.

CONCLUSION

Technological change is always a revolution for humans but everything has its own positive and negative outcomes. If we focus on the internet of courses, it increases our comfort level, now we can get knowledge at our fingertips, we can order food t our doorsteps but the negative effect is people are now less social and many health issues are starting to cater.

But if we use it in a balanced way, it can cause wonders for humans and the metaverse will for sure is ready to bring a new revolution in the lives of humans.