It gained popularity during the COVID-19 era when many people sought an alternate method of communicating their experiences. Some groundswell interest in the metaverse was a sign of the times we lived in. If any kind of experience can be applied to it, it can be included in any dialogue about it. Because there are so many interpretations of what the metaverse is and no one has been able to define it, no one’s interpretation is incorrect, contributing to the overzealous discussion of it. Most people imagine it to be some sort of 3D virtual world where users can interact with one another using their avatars. The metaverse is a computing platform that provides digital experiences as an alternative to or a replica of the real world, along with its key civilizational aspects like social interactions, currency, trade, economy, and property ownership.Īsk your average person to define the metaverse, and you will probably get a blank stare. Are we really ready to abandon the physical world for an unchartered virtual one? What Is the Metaverse?īefore deciding if it was just hype, let’s try to understand the metaverse. We are creatures of habit, whether we want to admit to it or not. We want the ability to get better at what we do, not learn a whole new way of life. Most people embrace incremental change, but few can handle sudden exponential change. The smartphone provided everyone with a persistent, reliable, mobile internet connection so that we could do PC-like things regardless of location. The PC allowed us to connect with other users and share resources and ideas. Those inventions didn’t change the way we lived. Forty years into the lifecycle of the PC, we still have paperwork to manage and shuffle, and we still use our smartphones to call people in the same way that the dumb phone in the 80s did. The PC and smartphone certainly changed the world, but not in one great leap. The truth is that promised initiatives to transform the world at a scale rarely materialize because it is difficult to do so. See More: What Is the Metaverse? Meaning, Features, and Importance Change Happens Incrementally Has life really changed that much, at least until the metaverse came, a metaverse that would deliver a whole new world to us? Despite the internet, we still gather tens of thousands of young people in small college towns to sit in a classroom and listen to a professor daily. Most of us complain about not having enough free time despite all the convenient technologies we have incorporated into our daily lives. Think about it: it is 2023, and many of us still drive a motorized vehicle into the office most of the week. And for those heralding the investment potential of NFTs, have you checked the value of your NFT portfolio lately? What happened to 100% remote work? Many of the same companies that announced that employees could work remotely into the foreseeable future abruptly changed their policy to incorporate on-prem work mandates. By now, autonomous cars were supposed to be delivering our pizza orders, and our homes were to be spit out by 3D printers. Remember the hype of Google Glass and how it was to revolutionize the way we access information and interact with the world? It was discontinued in only two years. Let’s not just pick on the Segway, though. Twenty years later, the manufacturer stopped making them. The Segway never came close to living up to its promise. Some of the world’s smartest people who had the opportunity to witness an advanced screening of it predicted that it would completely disrupt civilization. Remember the Segway? It was a two-wheeled, self-balancing scooter-like device introduced in 2001 that was the subject of a lot of hype and over-promise. Most people have either never heard of the metaverse or are unsure what the concept exactly means.Despite its apparent potential to change how the internet is used, users and developers have raised concerns about the massive investments and low user growth rate for such platforms.Since its launch, the metaverse has been subject to differing opinions, with some seeing it as just a gimmick, while others considering it the next big thing.
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