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METAVERSE: THE NEXT STEP IN OUR EVOLUTION

Welcome to 2022! When you come across the latest trends, I am sure you have heard the term ‘Metaverse’. The world is advancing in a direction we thought only existed in movies (if you have watched ‘ready player one, you would know what I’m talking about). I am speaking on behalf of common people like myself of course, the select percentage who do not qualify as technologically savvy and are awed by any slight ‘technological miracle’.

The truth however, is that the world is moving towards that direction, and whether you like it or not, you will have to catch up with the other percentage who expect and are not surprised by the advancement. Recent statistics show the rapid increase in technological advancement. According to MTA, by 2025, there will be 75 billion connected devices in the world. Backlinko posits that there are 3.96 billion social media users in the globe as of 2021. The number of smart devices collecting, analysing, and sharing data should hit 50 billion by 2030.

For more statistics visit https://techjury.net/blog/how-fast-is-technology-growing/#gref

This article is here to aid your understanding of the metaverse possibly in simple and easy to understand terms. ‘Metaverse’ stems from ‘meta’, which implies something that transcends, and ‘universe’. The buzz about the metaverse is a recent occurrence. However, a sci-fi writer in 1992 known as Neal Stephenson coined the term. He used the term ‘Metaverse’ to describe a massive virtual environment parallel to the physical world in which users interact through digital avatars. It is basically a 24/7 3D virtual world.

The evolution of the internet has been continuous since its popularisation in 1990. This evolution has experienced incredibility, as the cyberspace now includes various computer-mediated virtual environment including social networks like, Video conferencing, virtual worlds and what nots.

Bringing it back to the present and more recently in 2022, virtual worlds are persistent online computer generated environments where multiple users in remote physical locations can interact in real time for the purpose of work and play. Think of it this way; imagine living in this present world, but in 3D virtual reality, where you are an avatar. Now, what are the things you can do in the metaverse?

  1. Meet people from anywhere for work or play
  2. Build, explore and play in virtual worlds
  3. Create a 3D avatar that looks like you … or not
  4. Invest in virtual land, NFTs or tokens and so on.

For more information about these activities, visit https://www.coindesk.com/learn/what-can-you-actually-do-in-the-metaverse-in-2022/

In 2008, the national academy of engineering identified virtual reality as one of the 14 grand challenges awaiting solution in the 21st century. It is now looking like a feasible feat quickly arriving at its solution. Several companies have indicated interest in this venture we call the ‘metaverse’. We have tech heavy weights like; Apple, Microsoft, Niantic, Epic games etc. pouring millions into making this theory a reality. You would recall that Facebook, one of the major social networking platforms recently changed its name to ‘Meta’. You are probably wondering why? There were rumours flying around about how Facebook lost some money and other things due to some circumstances. Some claim that this is the reason for their recent venture into the metaverse. However, Facebook, I mean ‘Meta’ claims that the rebrand is about solidifying the social media giant as being about the metaverse. Facebook has committed its entire brand to the metaverse. Would you consider this good news or bad news? Trevor Ward summed it up well in a viral LinkedIn comment:

Wait, so the same company that has been:
Robbing us of our privacy,
Destroying our mental health,
Spreading misinformation like wildfire,
Proliferating a new type of addiction,
Stealing intellectual property, and
Inciting violence and hate speech

Is building a digital world where we’ll work, play, create, socialize, shop, and, essentially, live?   

Sounds promising!

In my opinion, I personally believe that the idea of the metaverse is an exciting and interesting thing to experience. However, with everything in life, there is definitely always a downside. It is up to us to perceive it the way we want to. What does this new fantasy have in store for us; I guess we will have to find out.

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