This vid is the Q&A Session from today’s Live Stream. Want to watch the Live Stream?
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Blockchain and the Metaverse – Virtual Worlds and the Metaverse
Before blockchain technology and the metaverse, there were virtual worlds. MMORPGs and role-playing games were full of them, allowing you to explore, meet friends, shop from NPCs, and so forth. Most didn’t require VR headsets. Games like World of Warcraft invited you to explore fantasy worlds. The current metaverse concept focuses on the reality side of virtual worlds, but there are some aspects that are reminiscent of the real world.
A common feature of virtual worlds is the ability to feel different forces. For example, the company Meta is developing tactile gloves that let you feel table pressure. The company hopes to build a virtual world with this technology within ten years. It’s a fascinating idea that can allow people to interact with each other without ever meeting in real life. In the meantime, developers and marketers should keep an eye on this promising tech. However, the potential for virtual worlds to be a huge business cannot be overstated.
While Facebook’s rebranding was highly controversial, the concept of the Metaverse has potential to change the way we do business and play. It is not yet clear how far these virtual worlds can progress. Facebook, for example, has been a pioneer in the development of virtual worlds. However, Facebook clearly believes that the Metaverse is the next evolution of social media. The implementation of play-to-earn will be crucial to the success of the metaverse globally.