The reality check of the metaverse

Your science fiction movie and avatars are here to make you feel part of their world. Astonished? But beware, it is a world run with you sitting at your desktop, providing you with an immersive experience to get into the zone.

Is metaverse just a marketing buzzword or is it really going to be the next big tech revolution?

The revolutionary technology called Metaverse has promised to evolve our digital experience. The metaverse visualizes a virtual space where people will interact via their avatars. They will travel, attend events and conferences, study, shop, play, and buy real estate in the virtual world. The vision is that science fiction will become real in a single, universal, immersive virtual world aided by Virtual Reality, Augmented Reality, and Mixed Reality. It will create a multidimensional virtual web that will give users a 360-degree view. The experiences in the metaverse will be as close to reality as they get. So a bank branch, a mall, or an office will be a replica of the way it is offline.
According to Global majors including Goldman Sachs and PwC, the meta-worth market will be approximately $1 trillion in less than a decade, buoyed by users leaving their 2D experience for a richer, more real-like, and more interactive experience. "The metaverse today is in the same stage of evolution that smartphones were in the early 2000s," as claimed by many entrepreneurs. Analysts predict users will spend a couple of hours every week in the metaverse as early as 2025.
To complicate matters, the Metaverse will be a combination of multiple technologies, creating an environment where human efforts are mere discretion or a click away. Each one comes with its own challenges, from high costs to a lack of practical use cases. With AI promising a quicker impact on productivity and performance, there is a possibility of it going cold. The reality is that no clear projection has been laid out. But the concern revolves around limited access for some users who struggle with fully immersive experiences. Increased costs for individuals buying the technologies needed to participate. This meta world is a super hyped world that requires huge investments to obtain an immersive experience. The digital divide is booming, as claimed by various analysts, but the metaverse could create the potential to widen the drift. There is a likelihood of bad behavior and privacy law violations degrading the lives of humanity. Adding fuel to the fire, it is perilous, and the security concerns and potential points of compromise make its breach a key factor in the meta world. With the demographic dividend being hooked on crazy tech hype, the growing addiction among young people should not be ignored, leading to an increase in mental and psychological issues. There is a possibility of creating more social distancing than the world has ever seen. It would be a tool to get rid of their real-life issues and dive into the world to escape reality.
Metaverse is still in its budding stages. It is yet unclear how long it will take to be fully set up or to what extent it will be able to duplicate real life. However, one certain thing is that it has the potential to be the next revolution in the virtual reality world. It can change our perception of the internet and social media interactions.

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