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Oluwademilade Afolabi
May 12, 2022

The Metaverse Moving from Sci-Fi Concepts to Reality - Key Trends to Consider

The Metaverse
The term "Metaverse" means "beyond the physical universe's limits and boundaries." Web 3.0 is not only the next step beyond the analog world in which we currently live. It is also the next step in virtual reality and augmented reality technology. There are virtual worlds, experiences, and assets to discover in this fully realized digital universe.

Users in the metaverse can create their virtual worlds and interact with them. They can do this the same way they would in the real world. You will be able to interact with and be a part of a virtual society if you create a virtual world similar to the internet.

Users in the metaverse will be able to see and feel the consequences of their decisions and actions. According to some estimates, the metaverse space will be very valuable in the next five to ten years. Of course, we've only scratched the surface of what the metaverse might be like. However, there have been hints that it will be a place where people can do real work, make real friends, and build real things.

The Metaverse Moving from Sci-Fi Concepts to Reality - Key Trends to Consider

Key Trends to Consider

Cryptocurrencies and NFTs 

These two are currently two of the most popular trends in the metaverse. NFTs, which can be made, sold, and purchased on an open market, are already worth more than $10 billion presently.

In other words, corporate, institutional, and even individual control over the metaverse has crumbled. It demonstrates that the individual owns their digital property rights. Also, they can never be revoked without their permission or knowledge.

Collecting NFTs does not require the purchase of art or digital prints. You can also use Augmented Reality to display that art in your own home. Profits have resulted from the fact that the treatment of NFTs as digital assets has shifted from hype to use.

Most metaverse virtual games and environments already sell their assets, avatars, and all usable gear as non-fungible tokens (NFTs). Digital goods are becoming more valuable than their physical counterparts. NFTs of tweets and avatars, for example, are worth more than some very expensive paintings.

Decentralized Autonomous Organizations(DAOs)

Decentralized Autonomous Organizations, or DAOs, are sweeping the metaverse. In contrast to the "metaverse," which is run by a single organization, "Web 3.0" is a network with no central control point. Users will soon have more say over what they get from each digital platform as DAOs evolve.

Only a few organizations are currently in charge of all digital avatars, profiles, and virtual augmentations in the virtual world. People believe that fashion is bad for the environment and the economy because of the metaverse. Environmentalists are increasingly concerned about what happens when people wear clothes for a short time and then discard them. However, the fact that avatar-specific digital clothing is becoming more popular in the metaverse may change that.

There are no dress codes in the metaverse, so you can dress however you want. Furthermore, these digital goods are easier to scale up and can be used by a large number of people.

If you understand these trends and the online culture as it exists in the metaverse, you can create better digital personas, content, and products than your competitors. The best way to expand your brand's reach is to adopt and embrace the metaverse's ongoing digital transformation.

Will The Metaverse Replace Reality?

There is much to learn about the metaverse, but here are some predictions about how it will replace reality, change the way we work and make us a more accepting society.

We will begin to express ourselves in new and exciting ways

Radical self-expression will become more common in these environments as people learn how to control the virtual world around them using tools designed by creators. If you don't have time to create your world, you can look at and possibly use the worlds of others.

Every person in the Metaverse will have an avatar, which is a representation of themselves. We will learn how to express aspects of ourselves that we may not have been able to express before through these avatars.

Consider how being able to try on different "skins." This can make you feel more at ease and comfortable in the metaverse. If your custom-made avatar boosts your confidence in the metaverse, you'll find it easier to boost your confidence in real life. This will allow us to express ourselves and allow people to put their minds to work.

We will have a more accepting and tolerant work culture

Unconscious bias is one of the most significant factors preventing people from accepting other cultures on a large scale. Everyone exhibits some form of unconscious bias at work through their actions. We have done a lot as a community to address this issue, but there is still a lot of work to be done. However, in the metaverse, there is a possibility that these unconscious biases will begin to fade. It will be much more difficult for -isms to coexist in a metaverse where our projections only reveal a small portion of who we are.

The ability to change avatars wIll make it difficult for these biases to persist because we will start to realize that a person's external appearance does not reflect who they are on the inside. However, we must not lose sight of the avatar representing a real person. Consider a world in which radical acceptance is the norm, and people begin to celebrate the differences between their avatars, allowing them to accept themselves more fully.

Creators who can create some of the best metaverse environments and avatars will be at the forefront of expanding what it means to be human in the metaverse and how it appears. With this fusion of technology and reality, it would be easier for us to accept each other for who we are.

Work will appear to be a lot of fun

We will be completely immersed in the environment as we travel to previously unseen locations in the metaverse. Our instincts will consider more than just the location of the meeting. Also, we will live and experience it as if we were there. Our collective imaginations will expand as a result of the increased creative power.

The Metaverse Moving from Sci-Fi Concepts to Reality - Key Trends to Consider
Oluwademilade Afolabi is a freelance writer and editor passionate about blockchain technology and the health industry. He is a 6th year medical student, and has worked with various companies and blogs since the blockchain revolution began.

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