What impact will the Metaverse have on the future, and what is the age of WEB 3.0?

What impact will the Metaverse have on the future?

Meta is a prefix that means “transcendent”, “higher”, “change”.

The word Metaverse is a compound word made from meta (super) and universe (universe), and was originally written by science fiction writer Neal Stephenson in his own science fiction novel published in 1992. It is a word that refers to the virtual world described in . This term refers to a world that uses online space sharing, digital twins, and VR/AR technology.

The Metaverse development company is not just a virtual reality, it has the potential to become multi-platform, accessible not only to VR and AR, but also to PCs, mobiles and game consoles. You will be able to experience the people you care about, the people you work with, the places you want to be, and the people you want to be.

“Metaverse” is currently a buzzword in the domestic and international media, but in most cases it refers to the VR-based metaverse. On the other hand, there are also movements aiming to realize an AR metaverse based on AR technology such as Pokemon GO and PIKMIN BLOOM.

Possibilities brought by the metaverse

The Metaverse can present great opportunities for individual creators and artists.

The Metaverse is an equal opportunity for people who want to live in a place far from the city center and work (telework, workation, etc.) and people who live in depopulated areas where education and play are limited. It can give you opportunities and business opportunities. Through the Internet, it enables the experience of being in other places, which cannot necessarily be experienced with 2D apps or web pages.

Examples of experiences include various event experiences such as live performances, dance, and fitness. There are many cases where such real businesses are developed as new businesses in the metaverse (virtual space).

For example, virtual events, virtual exhibitions, virtual tourism, etc. that are monetized from entry fees. The point of monetization is to provide an experience unique to the Metaverse (virtual space) that cannot be done in the real world.

As an actual example, a major overseas automobile company is developing a service that allows customers to test drive their vehicles in a virtual space. For high unit price products such as automobiles and real estate, the customer experience is directly linked to the closing rate. Therefore, it can be said that being able to easily experience in a virtual space is advantageous for both businesses and customers.

Web 3.0 is a worldview in which crypto assets/cryptocurrencies, NFTs, metaverses, etc. are intricately intertwined.

Web 1.0 is the era when websites and web pages became popular. It refers to the era when it became possible to create and disseminate home pages based on individual hobbies and interests in the world of WWW (World Wide Web), where information can be displayed on the Internet. Text was still dominant, and images and videos were avoided.

Web 2.0 has made it possible for users to use the Internet more freely. Websites have become more interactive, and services such as web apps have advanced. We live in an era where social media and blogs have risen, images and videos can be uploaded for free, and many people have begun to “share” various content.

It is no exaggeration to say that the era of WEB 2.0 is truly the era of GAFAM (Google, Amazon, Facebook, Apple, Microsoft). It was also an era in which wealth and power were concentrated on them in a rather centralized manner. Web3 begins a shift away from the traditional business model that benefits large corporations and toward community-centric economies of scale.

The world of Web 3/Web3.0 is an autonomous decentralized world based on blockchain technology . Anyone can easily transmit art, music, fashion, etc. like the NFT boom, and it has become possible to transfer the rights with a low fee. The biggest thing is that digital assets now have copy restrictions. This has created a scarcity value for digital assets, and digital assets have come to have value.

Metaverse as workspace

Basically, you can have as many monitors as you want in your VR space and any size you want. That means you can recreate everything just like you would at home. Plus you can take it anywhere you want. For those who used to carry a display or a large laptop, it would be much lighter to carry a VR headset.

Considering the concentration and productivity of individuals, it is possible to realize an ideal office space, such as working while feeling the wind in the great outdoors. We believe that it is the best tool for recreating the work environment anywhere, even for people who do multitasking and business people who travel a lot.

People will be able to freely customize their office space and take their physical office with them wherever they go. (As far as I have experienced, I think that there are still some points to be improved, such as the burden on the neck and shoulders due to the weight of the headset and eye strain, but I believe that these will be improved in the future.)

The day may soon come when physical construction and delivery work, such as office design companies, interior contractors, and furniture manufacturing and sales, will be completed by the delivery of digital data. Ultimately, we believe that millions of people will create digital content such as avatar costumes and interior design, creating a world view that will make a living.

You can live where you want and still belong to different business communities. Business opportunities and networks that were traditionally concentrated in large cities such as Tokyo will be equally provided to people living in rural areas, which may create more opportunities, chances, and collaborations.

Metaverse creates new jobs

While some people might find it more natural to wear a VR helmet all day to work these days, the metaverse could also

create new jobs that don’t exist today.

For example, the entire economy is reproduced in this Metaverse (digital twin), and real estate transactions are conducted. If you can create the world you want to create in the Metaverse development services and create added value, it will be possible to create innovative new forms of work that make life in the real world possible.

Knowledge sharing by Metaverse

There are also examples of government creating public spaces in the Metaverse. For example, it will be possible to deliver information and experience value to more people at low cost, such as libraries and museums.

In fact, a strategist at Bank of America, a major US bank, has released a list of technology innovations as a guide for investors looking for the next Amazon or Apple (reference: Bloomberg ) .

Summary

In the future, the day may soon come when open innovation by startups and large companies will also take place within the Metaverse. The Metaverse development solutions may be the next technology innovation following the Internet and AI. Let’s take advantage of subsidies and other funding for new businesses that anticipate such a metaverse.