Did you know that the Metaverse project is expected to have a total market value of $427 billion by 2027? That’s a compound annual growth rate of over 40%, which is a once-in-a-lifetime investment opportunity for anyone who wants to be involved in the project.
Now is the time to learn all that you can about the metaverse so that you, too can take advantage of the various opportunities it creates. Learn all about the Metaverse and the opportunities it’s bringing to the market by reading this quick and handy guide.
Defining the Metaverse
The Metaverse, as it currently stands, is a loose connection of 3D environments rendered by game engines that users can interact with by using VR technology. These 3D environments are accessible online, so any users from around the world can connect (theoretically).
Where this definition fails, however, is that it doesn’t address the direction the Metaverse wants to go in. The end goal is to have everything that’s available on the internet accessible in the Metaverse.
The Future Of the Metaverse
So far, the Metaverse has taken only small steps toward its foreseeable end goal. It started out as chat rooms where multiple users could connect and interact in. A game like VR chat or the film Ready Player One is a good example of this concept.
During the pandemic, however, a few schools and workplaces experimented with meetings either in VR Chat-like games or in the Metaverse. From that point on, Metaverse ideas began to flow.
Many engineering firms, medical schools, and other professions have started looking at the idea of teaching and training in the Metaverse. It may be more productive to have virtual board meetings in VR, but would that mean we’d need virtual real-estate? If that happens then the Metaverse may need currency, banking, and its own economy.
How Do We Get There
As the Metaverse expands, it will need more people who understand the Metaverse to continue working on it. In the real world, there will be a higher demand for vendors who sell the hardware users need to connect to the Metaverse. There will also be greater demand for the computers that run and store the Metaverse.
On the software and development side, the project will open up more opportunities for metaverse builders. Building in the Metaverse entails the ‘construction’ of 3D virtual environments and architecture.
Real people have to log in and build environments for other users to enjoy. For this reason, it’s possible to get hired as a Metaverse builder and work on projects for other companies who want a Metaverse presence.
Join The New Frontier
Though VR started as a nice-to-have gaming interface, many companies are turning to it for other applications as well. When you combine and connect all these applications on one platform, you get the Metaverse.
The Metaverse will continue to grow and allow users access to everything from their Roomba vacuums to online banking. This will be made possible by tech vendors and Metaverse builders, paving the way for the rest of the world.
If you like the idea of joining this task and earning, why not find out what else is going on? Learn more about web design and development by visiting our tech section.