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the Metaverse
During your research about the metaverse,
you may come across terms with which you
are unfamiliar. You should not let that
prevent you from exploring this revolutionary
technology. Let's discuss key concepts of the
metaverse in a way that will help you get a
better sense of what it all means.
Blockchain
Cryptocurrency
Smart Contracts
NFTs
Artificial Intelligence
Augmented Reality
Virtual Reality
Virtual Land
the Metaverse
Now that we went over the key concepts of
the metaverse, let’s go ahead and discuss how
to become a part of the metaverse. For
average users, it will be as simple as putting
on their headsets and using an internet
connection. However, you may want to seek
a career related to the metaverse, or you may
want to start a business and get a bigger slice
of the pie before the market gets saturated.
Even today, both are attainable goals, and
considering the metaverse will influence the
future, the time to plan is now.
You have two options if you want to work in
the metaverse or start your own business:
You can either join the ranks of infrastructure
creation, or you can build on it. One is not
better than the other, and the choice purely
depends on what you find more exciting.
The obvious benefit of working in the
metaverse infrastructure is its stability. As of
now, the metaverse is being built by tech
giants with a crystal clear vision of the
foreseeable future. If you choose to work for
them, you will not only be working on
exciting new technology, but you will also
receive competitive pay and benefits.
Furthermore, you will be able to gain
invaluable experience and know-how during
your tenure that will come in handy should
you want to start your own business later on.
However, the metaverse is clearly more
lucrative when you start a business. Until the
metaverse business becomes saturated, you
have a great opportunity to become one of the
first entrepreneurs to enter it. We will explore
the infrastructure and market aspects of the
metaverse for career and business
opportunities in this chapter. Let us begin by
talking about some ways that you can be
involved in the metaverse's creation.
Hardware
Software
3D
Finance
Event Planning
Virtual reality will revolutionize the way
events are organized. You can offer virtual
events as one of the early studios to offer this
service. The events can be anything from
concerts to seminars. For your virtual event
planning business to succeed, you will need
to do three things: organize, promote, and
ensure the software is running smoothly.
You can work with event planning companies
or start your own company by teaming up
with other creatives. It depends on the type of
event you're planning. You can probably use
a virtual reality builder for private parties,
seminars, and concerts. You will need some
coding skills, however, if you want to take
your events to the next level.
Think of Star Trek’s famous Holodeck. On
the starship Enterprise, everyone's favorite
part is the Holodeck. No surprise there. It's a
blank 3D environment and you can run
whatever program you want. You can
become Sherlock Holmes, travel in time to
discuss mathematics with Einstein, and visit
different planets. Basically, you can use your
imagination to the fullest. If you're looking
for this kind of customized event planning,
you will need some serious software to back
you up. It is precisely for this reason that
giants like Google seek engineers to work on
their augmented reality projects. Augmented
reality will be the future of event planning in
Web 3.0.
Consulting
Virtual Business
Metaverse
Often, the most exciting part of new
technology is the investment and business
opportunities that come along with it. Web
2.0 presented many opportunities for people
like Facebook CEO Mark Zuckerberg and
Amazon CEO Jeff Bezos, making them some
of the richest people in the world. A similar
set of benefits will be available from Web 3.0
and the metaverse. Let’s take a look at some
of the ways you can invest in the metaverse.
Angel Investment
Venture Capital
Stock Market
Unity Software
Snapchat
Meta
Microsoft
NVIDIA
Matterport
Another stock that trades on Nasdaq is
Matterport. Perhaps you haven't heard of this
company, but they're one to watch on the
stock market. Matterport is a significant
company because they specialize in digitizing
the existing world. Creating unique and awe-
inspiring 3D worlds is great. Nevertheless,
there will always be demand for digitizing the
real world, especially in the early stages of
the Metaverse. What’s remarkable about
Matterport is they have both the hardware
and software infrastructure in place. You can
simply use their camera to scan any
environment and Matterport will do the rest
for you.
Matterport's potential is only enhanced by its
partnership with Meta. Announcing their
collaboration with Meta in July 2021, the
company revealed they will create the largest
3D environments yet. Needless to say, the
company's stock value rose dramatically. We
can learn from the Matterport example. If you
are on the hunt for the next big thing, you
might consider looking for companies that
have the potential to be acquired by industry
leaders.
Disney
Metaverse Change?
The metaverse is not only bound to change
the world as we know it but the way we view
it. With the implementation of 3D worlds, we
will have infinite possibilities for work,
travel, entertainment, and more. Let’s have a
look at some of the ways we will use the
metaverse in the future.
Travel
Entertainment
Military
Workplace
Gaming
Media
Education
The Covid-19 pandemic has proven that face-
to-face education is not the only way to learn.
While online education has its own
challenges and setbacks, the metaverse can
offer solutions. Using the metaverse, teachers
can interact with children in virtual reality,
which is a far cry from a Zoom call. Even
more impressive, a teacher can instruct any
student in any part of the world by means of
machine learning techniques and translation
technologies.
The metaverse has the potential to
revolutionize education. Imagine yourself
sitting in your Seattle home and taking a
leisurely stroll in front of the Eiffel Tower
with your favorite French teacher. Taking a
school trip to Germany to learn about World
War II without getting on a plane. Learn
painting from Leonardo Da Vinci himself.
Observing the human body from inside.
These are a few examples of what virtual
reality and artificial intelligence can do for
the education system.
We can expect schools throughout the world
to have metaverse campuses in the future. A
few examples are already underway. A
virtual campus will be created, for instance,
at the Kenya-KAIST campus, which is
expected to open by September 2023 in the
Konza Technopolis. The University of
Nicosia is preparing to open the first
permanent university gallery for NFTs. They
will also start offering a six-week course
“Introduction to NFTs and the Metaverse,”
which starts in February 2022 as a part of
their UNIC Open Metaverse Initiative. Over
time, these examples will multiply and
become more complex, resulting in student
exchange programs being a daily occurrence.
Another group that will benefit from the
educational implementation of the metaverse
is students with disabilities. As a means of
bridging the education gap between able-
bodied and disabled students, augmented
reality will be invaluable. It will be easier for
teachers to design personalized activities for
disabled students, and long-term
hospitalization will not hinder academic
success as much.
There is no doubt the metaverse will impact
all industries one way or the other. What
matters is how we respond to it. By
embracing the metaverse early on and
exploring its potential, we can take advantage
of this wonderful technology and not let it
pass us by as it changes the world.
Chapter 6: The Future of the
Metaverse
So far in our metaverse journey, we have a lot
of "can be," "would," and "expected." This is
because the technology is still being
developed and more news is coming out
every single day. As more companies jump
on the bandwagon and bombard us with
information, our minds become hazy.
However, the metaverse does have a tangible
side that is grounded in reality. In this
chapter, we discuss what the future holds for
the metaverse, and what we can expect to see
in the near future. Here are some metaverse
projects to keep an eye on that already exist
or are in development.
Decentraland
AxielInfinity
Horizon Home
Horizon Home was recently announced by
Meta, so it is definitely a technology to keep
an eye on. Currently, Horizon Home has just
a few basic features: It allows you to invite
other players to your home for a chat and to
watch a few videos. It's an interactive way of
socializing with your friends online,
showcasing Meta's vision for their metaverse.
Meta wants to offer users their own virtual
environments that can be customized to their
hearts' content. So it's not surprising that
incoming features will include the ability to
customize your own Horizon Home.
Facebook Messenger will soon be available
in your home, which further proves that Meta
will build its metaverse on existing
infrastructure.
Horizon Home isn’t the only project Meta is
working on. They keep continuing to build
and innovate their Oculus acquisition. Oculus
Quest 2 is expected to gain more momentum
with 2D apps. Multitasking in 2D apps is
currently supported by the headset, and this
feature may expand as time goes on,
eventually making its way to 3D apps as well.
In other words, Facebook wants to move this
from social media into the workplace as well.
The company plans to add additional apps in
the future, including Dropbox and Slack,
which are two essential tools for remote
employees, and it will be interesting to see
how Meta promotes this for the average
office.
Bloktopia
The Sandbox
Meta Hero
Star Atlas
Metaverse Is Overhyped
Dystopian Nightmare