Real-Time and Live
Pre-scheduled and self-contained events happen in the metaverse but will be collective rather than singular incidences where many users can interact concurrently in a shared experience. The metaverse spans both the digital and physical worlds, as well as private and public networks. You can buy virtual products or receive them as perks. It will not replace the internet, but instead build upon and transform it, bringing the physical and digital worlds together.
Facebook describes it this way: “The metaverse is a set of virtual spaces where you can create and explore with other people who aren’t in the same physical space as you.” At this writing, Facebook is about to open Connect 2021 to hear CEO Mark Zuckerberg talk about bringing Meta to life. Connect 2021 will spotlight developers, creators, enthusiasts and gamers building the future of AR/VR together. Speakers will explore how AR/VR will lead to the next evolution in online social experiences.
The metaverse places everyone inside a virtual ‘3D’ version of the internet. Put another way we will constantly be within the internet, rather than have access to it. Facebook says the company will strive to build an interconnected set of experiences — a world known as the metaverse.
The metaverse promises to host more information than social networks do today. Potentially, you could spend eight-plus hours in the metaverse working in virtual spaces creating and exploring with people who aren’t in the same physical space as you. You can interact with friends, play, work, learn, game and shop. As remote work plays a bigger part of the post pandemic future, remote employees will share the same opportunities as the people who are physically onsite.
Many of the immersive experiences of the metaverse will only be fully realized in the next 10-15 years. Yet it would be a mistake to think of VR headsets as the metaverse, just as you don’t think of smartphones as the mobile internet. Similarly, games will be part of the metaverse, but are not the metaverse itself.
The concept is expected to yield huge financial opportunities for companies stemming from environments like social media, video games, E-commerce and blockchain.
The metaverse places everyone inside a virtual ‘3D’ version of the internet.
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