Since the birth of the internet, humanity has worked tirelessly to distance itself from reality. With each new technology comes a new way to immerse into cyberspace, temporarily releasing oneself from bodily bonds. The border between real life and the virtual world appears to be blurring every day as the metaverse looms on the horizon of reality.
The metaverse is the pinnacle of virtual reality. It’s similar to, but well beyond, any of the Black Mirror series. It’s in the name, where “meta” means “beyond” and “verse” is short for “universe.”
Tech giants like Facebook and Epic Games (Fortnite) envision the metaverse as a virtual duplicate of reality. Whatever existing in our reality will find its way to the alternative, almost as if it were a parallel universe.
In comparison to what companies have in mind, the concept of the metaverse is still in its infancy. There are several consequences to its realization, some of which would damage the lives of individuals who chose not to participate.
Does the metaverse appear to be a decent idea? Let us go deeper into this extraterrestrial notion and what it means for our planet.
What exactly is the Metaverse?
The metaverse is a high idea. We’d be looking at a computer depiction of all real-world components, such as the economy and the environment, in its ultimate form. Users would be totally immersed in a virtual existence and would be able to achieve things they would never be able to do in real life. We don’t need to be subtle in telling you what some of those things may be.
The present stage of the metaverse has several branches, including ones with specific goals, such as bitcoin and NFTs trading. Consider the games Axie Infinity and Entropia Universe. If they do decide to create their own metaverses in the future, there will almost certainly be more competition in the category.
Having stated that, the metaverse would be divided into two sorts of atmospheres: economy-driven and sandbox lifestyle. The former will maintain a monetary atmosphere, whilst the latter will cater to a limitless virtual universe.
We could meet friends and other individuals everywhere in the world in a sandbox metaverse. In a metaverse, mundane actions in the actual world would become considerably more convenient. Things like putting on new clothing or driving a car may be done in the comfort of your own home (or a futuristic VR chamber we might have by then.)
Facebook has already revealed that a metaverse is in the works. Without irony, we think this is one of the most culturally relevant business moves we’ve seen. Let’s face it: social media began the whole thing, so why not let it go all the way?
According to reports, the project will be valued billions of dollars and will be based entirely on Oculus technology. Along with all social amenities, such as business meetings, concerts, and shopping, it will have a sandbox-style environment. The excitement is true, but according to Facebook, it might take 10 to 15 years before practicality is ever realized.
The Problems With Metaverse
Although the concept of a metaverse may seem like a technological breakthrough it has some inherent problems. There are two major concerns we believe: decentralization, and economy.
Decentralization – It is impossible for a metaverse to function without central servers. Participation is similar to crypto mining. No one would like to be controlled in their worlds. Facebook is not known for its unyielding commitment to user privacy. We can only imagine what it would do if it decided to centralize its metaverse.
Economy – Metaverse economies will likely depend on cryptocurrency, even if they are in a sandbox setting. This could increase the demand for cryptocurrency to an alarming level. This would require us to find ways to support such large loads on the network. This also results in excessive energy consumption, which can have a negative impact on the metaverses. It would be very difficult to find the right balance, even with the technology available.
Windows 95 was the most popular thing you had, and life was simpler. We now spend hours on the internet, without even realizing it. Even our money has been reduced to numbers on the screen.
The metaverse will continue evolving as long we keep improving our technology. Every step we take towards creating it brings us closer to reality. Or are we closer to a better world? What would your place be in the metaverse
If you want to invest in Blockchain and Metaverse and don’t know where to start – Join Clarisco!We are one of the Leading Metaverse Development Companies.