The AP Dhillon Mumbai concert attracted a lot of demand as people went crazy for his songs. Imagine being able to attend the same concert virtually with exactly the same setting and same excitement.
Seems crazy right!
The advent of Web 3. O and advancements in the Virtual Reality space have made everything possible. From attending live concerts to shopping for fashion products, from attending conference room meetings to playing football with random people, everything can be done in the Metaverse. We might have played games like Grand Theft Auto (GTA) and Fortnite when we were teenagers. The Metaverse brings these games into reality and allows us to create our own personal character which can move around in this virtual world.
Facebook’s vision of metaverse highlights the next big thing in the internet space. It is the convergence of a physical setting with virtual reality that allows the user to delve into real-world-like experiences. It is the combination of multiple technologies like Augmented Reality (AR), the Internet of Things (IoT), an AR cloud, Head-mounted displays (HMDs), and Artificial Intelligence. Blockchain holds a major significance as it allows the assets inside the metaverse to be easily secured and lets users own digital goods in this virtual space.
What can we do in the metaverse?
Visit shopping malls and purchase our favorite fashion products and services.
Attend social gatherings, office meetings, live concerts, and other business/social interactions.
Attend classroom lectures through immersive learning.
Purchase NFT’s of different items and collectibles.
Play football and other sports with random people, etc.
What is the significance of the metaverse?
A change in work practice where we get to attend meetings and work in a collaborative office space virtually.
An immersive shopping experience as brands can sell their products virtually to customers all across the world.
A rise in the use of cryptocurrency as crypto-wallets will replace regular wallets in the virtual world.
More traction for live concerts, exhibitions, and other social gatherings as people get access to both online and offline mediums.
A more immersive learning experience in sectors like education, medical institutes as it helps in better orientation and training.
The adoption of technologies used to create the metaverse is still at a nascent stage and requires a lot of infrastructure, intelligence, and most importantly coordination between the two. Post-Covid, the world has been moving more and more towards online channels and it wouldn’t come as a surprise if the metaverse becomes fully functional in the near time frame and brings about the biggest revolution in the internet space. So, we need to stay tuned so as to witness the biggest revolution in Internet history.
