Meta-Verse and the New World

Pulitha Rupasingha
3 min readJun 29, 2022
Image of a person visualizing the metaverse with a VR glass
Image by sportsunfold.com

The latest talk of the tech industry — The Metaverse.

This is the next chapter of the Internet according Mark Zuckerberg. The Metaverse is an environment, where you step out of your ordinary nature. A platform where you meet and connect with people virtually. This virtual platform is far away from the current social media platforms we use today.

Virtual reality is the first step of the Metaverse. You are taken to another dimension from your ordinary world. This is a virtual world where you can meet people, purchase items, live for a certain extent, travel, and play.

Most people have an opinion on Metaverse saying that this would be very common to a video game such as Fortnite. But according to tech leads, this would be only a simple percentage of the Metaverse. Ready Player One is a film based on the Metaverse (the film will give you a basic idea on the Metaverse).

DIGITAL ASSETS USED IN METAVERSE

The hype on NFTs have paved the way for the system to use digital tokens as assets in the Metaverse. But over the time this could change as the market contains ups and downs. The games which are introduced on behalf of the Metaverse will contain NFTs. Players will earn a token after winning a game or unlocking an achievement.

The virtual products in the Metaverse will be bought with the NFTs and other token which will be available in the near future.

BUSINESSES AND METAVERSE

Image of a ongoing virtual meeting
Image by nypost.com

Each type of top businesses in the world is going to touch the Metaverse by the end of this year. According to the Meta company (Facebook), they say that this will create high revenue for businesses. A report estimates that the metaverse economy would worth between $8 — $13 trillion by 2030.

Metaverse will adopt institutions and organizations to educate and train workers, students, trainees using this technology as it is based on AR. The real type of scenarios can be virtualized for them, which will help to give them a realistic background on the type of work.

Virtual entertainment can be organized while staying at different locations. Virtual parties, virtual concerts are some of them. The ordinary meetings with colleagues on the Metaverse will be taken a step ahead. The meets can be organized in different locations while physically staying at the same location.

Building new locations and unexperienced worlds on Metaverse is another great deal added to this subject. Every person on the Earth will not be able reach different planets and experience the nature. But this technology will bring the same environment at Mars to your doorstep.

Certain tech companies are testing on creating and inventing devices, which will make the ordinary feel the imagined and virtual dimension. Emerge is a company, which develops devices to give us the physical feeling of the Metaverse using the technology of ultrasonic waves. They plan out on creating virtual handshake in a realistic manner. Haptic gloves is another device which will be helping the users to feel the 3D environment. The ‘physical touch’ will be the main role of Metaverse being a great success.

But won’t this be boring after some years past?

Will there be certain gadgets to improve the technology of Metaverse to get a more realistic feeling about the virtual environment?

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Pulitha Rupasingha

4th Year Data Science Undergraduate at SLIIT | Blogger | Digital Marketer