What is the Metaverse?
Several companies are working to develop metaverse platforms. These include companies like MetaVR and NVIDIA, as well as video game companies like Epic Games, Roblox, and SecondLive.
Metaverse is a virtual world where users can create and share their own avatars. Often these avatars will interact with virtual worlds in order to gain experience and earn money.
There are currently several popular metaverses in the market. These include Decentraland, SecondLive, and Axie Infinity. These are all built on blockchain technology. These metaverses allow users to create their own avatars, interact with other avatars, and even buy and sell land.
One of the most popular use cases is advertising in the metaverse. Companies like Nike and Louis Vuitton have successfully advertised in the metaverse.
Another use case involves collaborative remote work in the metaverse. Microsoft has launched a collaboration platform called Mesh for Microsoft Teams. This platform allows users to create avatars in a virtual 3D holographic environment.
Some metaverses also function as data centers. Users can access the metaverse through virtual-reality headsets. These metaverses are still in development, but it’s expected that new use cases will be introduced as the technology matures.
Other uses for the metaverse include shopping sprees, meetings, and immersive rendezvous with far-flung friends. Mark Zuckerberg believes that the metaverse will be the successor to the mobile internet.
The big-tech metaverse could become a giant app store or even a social media platform. While these are intriguing possibilities, investors should understand how the metaverse works before putting money in.