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Microsoft’s Metaverse Could Change the Way We Work
The growing interest in the metaverse is causing some investors to take note. According to a report by Citi GPS, there will be five billion users of the metaverse by 2030. Although this number is a very ambitious goal, it is also true that the metaverse has some dark sides, including high volatility, regulatory uncertainty, counterfeit NFTs, and trading scams. However, big firms have a few advantages over smaller companies, including budget, trust, and data privacy.
Microsoft is a big player in the metaverse space, with plans to build its own virtual world by 2022. The company’s executive team is looking for ways to make work more engaging and collaborative for its users. For instance, a virtual workspace in a company’s Teams software could be a perfect place to hold meetings with colleagues. Likewise, a virtual world can function as a combination of blockchain technology and data centers. Eventually, there will be a metaverse that connects real-world simulations and virtual spaces.
The technology is still in the early stages of development. While many early metaverse platforms have focused on gaming, this technology is also likely to have a much larger impact than gaming. It may be possible to hold work meetings in a metaverse, as the technology is already widely used for meetings in the real world. Some people think this will be the “new internet”, with color, texture, and dimension. Furthermore, the platform’s architecture could allow the creation of portable game assets that can be sold to other users for cryptocurrency. In the future, blockchain-based metaverses will allow users to trade currency for virtual assets, such as gold.