#METAVERSE & #METANOMICS
INTRO
Metaverse is trending and everyone likes to slap this term on their project for brownie points. Lets look at what it is, where its going ,what are the opportunities and how do we make money.
Imagine running a business now and not having a website. You become irrelevant, soon not having presence I the metaverse will render you just as irrelevant or at least give your competitors an edge over you.
We are experiencing a blurring of the lines between the real and the virtual worlds and a synthesis of their economies.
What happens in one will affect the other, billionaires will be made and corporations bankrupted.
Welcome to the evolution of the internet. A new digital ‘big bang’ Creation of a new digital universe.
WHAT IS IT?
It’s a convergence of physical, augmented, and virtual reality in a shared online space. Mirrorwrold
a virtual-reality space in which users can interact with a computer-generated environment and other users.
Future version of internet
It exists independently of whether you are logged into it or not. It’s a persistent place that you can access, change, leave, and return to.
It’s going to be accessible across all of our different computing platforms; VR and AR, but also PC, and also mobile devices and game consoles.
the metaverse ecosystem considers user-centric elements including Avatar, Content Creation, Virtual Economy, Social Acceptability, Security and Privacy, and Trust and Accountability.[11]
shared, 3D virtual spaces linked into a perceived virtual universe.
The metaverse could be defined as a multi-user real-time virtual space where individuals around the world can connect via a network, co-exist and socialise and exchange value
what sets apart the metaverse from a traditional multiplayer experience is the ability for players to create and share content to shape the world around them in a more or less persistent setting.
World of Warcraft has had its own functioning virtual and digital metaverse in the form of a digital and virtual economy for decades
WHAT CAN YOU DO?
Marketing and communications professionals need to pay attention to the metaverse because it’s the next frontier for online interaction
Just like social media revolutionized the online marketing landscape, so too will the metaverse.
Unlocks possibilities for business ideas limited in our reality.
video-conferencing, , cryptocurrencies, email, virtual reality, social media and live-streaming, Artificial Intelligence, Blockchain, Computer Vision and so much more.
People can interact, play, do business, and otherwise communicate.
metaverse will bring enormous opportunity to individual creators and artists; to individuals who want to work and own homes far from today’s urban centers; and to people who live in places where opportunities for education or recreation are more limited
people will be able to enter the metaverse, completely virtually (i.e. with virtual reality) or interact with parts of it in their physical space with the help of augmented and mixed reality.
What if you did your business meetings and interviews not via ZOOM or webcam but instead in a virtual office?
Imagine trying clothes on from the comfort of your own home while shopping
The next best thing to a working teleportation device
METANOMICS — the economy of the metaverse
Metonomics is the study of the economy, regulation and business models of metaverse.
Also study of how real-world businesses can use virtual worlds as part of their strategy
And if we dive even deeper ,metanomics includes the use of virtual worlds as laboratories in which to study real-world business or policy issues. We could be in a Metaverse now and not know it
Users typically buy digital goods for the same reasons they purchase physical goods: status, recognition, and affiliation to specific subgroups or communities. As well as price speculation and possible gains.
Virtual fashion, avatar “skins”, and virtual real estate (housing, cars, etc.) will have their own worth in the metaverse. NETVRK one of the top
