It is important to know and establish a concept that allows us to know where we are in terms of the metaverse and to identify the terms that few of us understand, to know what is proposed in terms of technology worldwide and that in turn impacts the economy.
An overview of the metaverse
It is similar to a mix of platforms and the digital parallel world, this parallel universe will be made of interconnected virtual worlds where human beings will converge and can live an alternative existence.
Although this project seems like science fiction, it is reaching our reality, but it is not known how long it will take to consolidate.
Metaverse is considered the future of the internet and humanity.
The Metaverse economic & tech companies
Apple, Facebook, Nvidia, Sony or the Chinese giants Tencent and Alibaba, are investing billions to position themselves as gateways to this alternative dimension.
Facebook, for its part, claims it is investing $ 150 million in teaching resources to help creators and developers build skills, access technologies, and create opportunities in the metaverse.
A virtual world to which we will connect using a series of devices that will make us think that we are really inside it is what the metaverse intends, to interact with all its elements.
Now, you can easily do your investing in Bitcoin with your Android device.
It will be like really teleporting as they would say in that popular children’s series POWER RANGERS.
Metaverse is a new world to which we will enter through the use of virtual reality glasses and other accessories that will allow us to interact with it.
Relating the arrival of the internet with the metaverse
When the internet began to roll, it was nothing more than a standard protocol pair called TCP / IP, a universal network language that moves packets of information from one local network to another, forming a larger network.
The same is happening now with the metaverse. There are multiple independent persistent virtual worlds from games to virtual factories.
The metaverse will be able to offer as many opportunities as the real physical world, with the possibility of creating our businesses in it.
Funds are being created focused on the economic value that is going to be generated within these worlds to capture already more capital to invest in these technologies and other STARTUPS that are being created to ride in this new capitalist wave.
The most direct market and on which it will have the greatest effect is entertainment in its broadest conception, but others such as training and education, tourism, sports, blockchain, or software development, will host great options for business.
Visions of virtual or three-dimensional workspaces will be created. This metaverse means a virtual world in which we can interact, and that has been created to resemble an external reality.
On the other hand, it proposes creating practical applications where work meetings are generated in which everyone shares a virtual office by connecting from home, and they don’t even have to worry about getting ready for the meeting.
It does not matter if you are in pajamas or disheveled, what other people will see will be your avatar, your virtual character.
In the middle of the decade, they affirm, its economic value will reach 800,000 million. And it may reach up to 2.5 trillion by 2030.
The Metaverse prototype will have its economy, with some type of virtual currency that can be exchanged, or obtained in some way within the interactions it offers.
Perhaps jobs can even be created, getting to the point of saying that we are in charge of a virtual store in the metaverse.
Hopefully, the metaverse is full of micropayments as well, for example, paying to change our avatar’s clothes in the same way that we pay for our clothes.
You will be able to pay for more things than we pay today.
With this new tool, how people buy, access the media play, get excited, and interact will be transformed.
Conclusion
The metaverse will be established by offering companies an important opportunity to generate new business, as long as they know how to approach and understand the behavior of their consumers and the needs that this new reality will generate.
It is 100% probable that cryptocurrencies will become the payment method used among users in the metaverse, giving a greater endorsement to its use and establishment as virtual currency of legal tender.
The economic value that the metaverse can achieve can be incalculable; it will undoubtedly be one of the creations of man that will provide endless technological advances to the world.
