Feeling interested?

Wait. Pay attention to the second option. 

There is a land which is surrounded by fascinating scenes, adventurous dungeon maze, artistic villages, and dazzling clouds. Here, you can create your own sceneries, redesign flowers, change the weather, meet your favorite celebrities at nearby events, and do exciting things daily. 

If this sounds imaginary, you might feel surprised to know that all these things are actually happening today in Metaverse real estate. To buy the first one, you need to bid at Meta Residence.io. And for purchasing the second property, go to Decentraland. 

Metaverse is the hottest technology concept emerging incredibly in the modern age. With the massive adoption of virtual reality, NFTs, cryptocurrency, people are enthusiastic about buying property in the metaverse. 

Many metaverse companies have launched their independent virtual worlds where people can not just buy lands or homes but also do many additional real-world activities. And interestingly, some of the virtual lands have been sold for even more than 5.5 Million USD. 

So what is metaverse real estate? How does it work? What features make it a promising field for future investment? This blog will tell you everything you need to know about metaverse real estate. 

What is Metaverse Real Estate?

Metaverse real estate is plot or residential place that exists in a virtual environment. It is not a physical property. It is actually digital asset or programmable space which can be customized by users. In the metaverse real estate, people can socialize with others, play games, buy and sell NFTs, attend virtual events, and do many other different virtual activities. 

Metaverse real estate is built with blockchain technology, virtual reality, NFT, and other technologies. Just like we utilize deeds and titles to assign the ownership of real-world land. In metaverse real estate, blockchain technology is used to keep track of ownership in the form of NFT (non-fungible token).

So when it comes to buying metaverse real estate, you are actually purchasing an NFT-based land, a one-of-a-kind asset that is purely unique, and only you possess its ownership. Unlike real-world plots, metaverse real estate allows you to customize its structure and its surrounding environment as well. 

World’s Most Popular Metaverse Real Estate Platforms

• Decentraland
• OpenSea
• Axie Infinity
• Somnium Space
• Sandbox

Prominent Features of Metaverse Real Estate

Metaverse real estate is a blockchain-based virtual world. It works like a programmable space that enables users to modify or customize the environment as per their choices. Here, users can’t just buy or sell virtual lands but also create their own digital assets. Let us now see the prominent features that make metaverse real estate exciting and fully functional: 

(Image Source: https://content.fortune.com/wp-content/uploads/2021/12/web_CentralTown-03.jpg)

NFT Real Estate

This is the most important feature. All the lands or plots in metaverse real estate are NFT-based digital properties. These NFT-based real estate properties could be a piece of land, a fully-furnished home, or space. Users can buy and sell their virtual real estate properties as NFT or cryptocurrency. 

Digital Storefronts

Metaverse is an entirely virtual world that offers similar things that people may find in the real world. Just like we have shopping malls and retail stores, metaverse also has digital storefronts. These virtual storefronts let participants enter the metaverse platform and explore all the available NFTs and digital assets. Users can select their desired NFTs or other assets to buy and make the payment within the metaverse system. 

Metaverse Gaming

Metaverse offers a highly interactive and more engaging gaming facility. It offers a whole gaming universe where players have plenty of options to do. They can create their own virtual assets like buildings, earn cryptocurrency, trade NFTs, and make real-life dollars. Metaverse virtual reality gaming is built on play-to-earn gaming model to allow players to earn while playing games. 

Virtual Events

This is one of the most exciting features of a metaverse platform. In metaverse real estate, people have the option to participate in virtual events like live music concerts, fashion shows, product exhibitions, and more. Metaverse real estate includes virtual theme parks and cinema halls for public entertainment activities. In some of the popular metaverses, some events have been also conducted. 

How Does Metaverse Real Estate Work?

Real estate in metaverse works like an NFT. This is a purely virtual environment based on a blockchain network. Users can buy any piece of land, plot, or home in the form of NFT. They have to send a request to buy the desired NFT real estate property and once the payment is done, the buyer will get the ownership code in their wallet. 

However, there is a huge difference between metaverse real estate and physical land. Metaverse real estate is a virtual asset. It is not like physical property. It is a fully-digital platform that runs on a blockchain network with an internet connection. 

But this characteristic doesn’t restrict the abilities and attractiveness of NFT real estate. It gives more power to the user. The owner of NFT real estate can use their plot for several purposes within the metaverse platform and make real-world money. They can rent out their land or space for conducting virtual events, digital storefronts, shopping avenues, and more. 

Do Metaverse Also Work In Physical Real Estate?

Yes, metaverse also works with physical real estate. It basically provides a secure way for creating property ownership. When you buy physical land or any property you have to make a deed or follow an exhaustive legal process to ascertain the property ownership rights. 

Metaverse here helps by providing a highly secured and convenient way to create property ownership of physical real estate property. Metaverse actually allows the creation of the NFT version of the physical land which is supposed to be purchased. It assigns a unique code or NFT token which solely belongs to the buyer. So this NFT works as an ownership code that solely belongs to the buyer only. 

Here is one example

MetaReal Mansion is a real estate NFT of a real-world home based in Miami, USA. It is an identical virtual mansion in the metaverse which is listed for auction in 2023. The NFT version of this house would be given to the buyer along with the ownership of the real-life property. So metaverse is also working as an additional factor in the real estate industry. 

How Much Does it Cost to Buy a Real Estate Property in Metaverse?

Decentraland is one of the top famous metaverse real estate platforms in the market. When it first sold its virtual land at the Terraform Event in 2017, it cost just $20. And you would be surprised to know that the same virtual lands cost more than $5,000 today. 

Some of the NFT real estate in Decentraland has been sold for more than 2 million dollars. For instance, the Metaverse Group (a crypto investment company) bought land for 2.4 Million USD in Decentraland 

So the price of a real estate property in the metaverse varies. It may cost you $100, or even $1 million. The cost depends on multiple factors like- on which metaverse platform you are purchasing the NFT? How much land do you want to buy? 

Here are the most expensive virtual lands sold in some of the popular metaverse platforms. It would give you an idea of how valuable metaverse real estate is for investment.

How to Buy Virtual Land in Metaverse?

Buying virtual land or any other real estate property in metaverse requires a similar process to purchasing NFTs. It would give a blockchain-based unique code. This code would work as your ownership of the virtual property that you have purchased in a metaverse platform. Below are the steps to buy virtual land or real estate in metaverse:

1. Have a digital or crypto wallet.
2. Research lands on your selected metaverse platforms.
3. Create a user account on the selected metaverse.
4. Link your wallet to the metaverse platform to buy NFT real estate or other digital assets.
5. Choose the desired portion of the land.
6. Ensure your wallet has sufficient cryptocurrency to make the payment in the metaverse.
7. Make the payment and complete the purchase.

How to Develop a Metaverse Real Estate?

Metaverse real estate development is a highly complex and advanced-level software development process. Its creation involves various technologies like blockchain platforms, virtual reality, artificial intelligence, cryptography, web development, and more. 

You have to follow a certain process and find a reliable metaverse development company for developing a fully-functional metaverse real estate platform. Here is the process of developing metaverse real estate that you should ensure before you start stepping into this arena:

Step 1: Define your niche and project requirements

Step 2: Find a professional metaverse development company

Step 3: Create the UI/UX of the metaverse platform

Step 4: Write and implement the smart contract codes

Step 5: Install the IPFS storage system

Step 6: Setup database for storing information

Step 7: Integrated important AI and VR functionalities

Step 8: Test the functionality of the platform

Step 9: Launch the beta version

Step 10: Take feedback and re-launch with a fully-upgraded version

Risks and Challenges of Investing in the Metaverse Real Estate

Metaverse is a fascinating technology concept. It has been evolving at quite an impressive growth rate for the past few years. Especially with the increasing popularity of NFTs and virtual assets in the digital landscape, businesses are showing great interest in metaverse development. However, metaverse is still evolving and needs considerable time to come into a sustainable investment zone. 

No matter what exciting features any metaverse platform gives, its existence and working entirely depend on the digital environment. In case of a lost internet connection or critical malfunction in its ecosystem, the entire metaverse system can become non-existence. 

And these metaverse platforms use their own cryptocurrency. So there is always uncertainty in the demand and value of their cryptocurrency in the market. You can’t estimate exactly which metaverse cryptocurrency will have a higher value. Therefore, metaverse real estate has some risks and challenges that you have to consider while investing. 

However, these associated risks and challenges don’t hamper the future scope of metaverse real estate. Metaverse uses high-end and powerful technologies like blockchain, cryptocurrency, artificial intelligence, web development which are highly reliable and widely used across all industries. 

From top brands to small companies, every business size is investing in NFTs and metaverse real estate to take advantage of digital transformation. You only need the right expertise and knowledge for investment in metaverse real estate. A good NFT can let you make million-dollar profits. 

Conclusion

Metaverse real estate is emerging as a promising future investment scope for both people and businesses. It allows NFT creators to monetize their virtual content and make real-life money for trading or exchanging NFT-based assets. For companies, metaverse real estate gives an extended digital space for promoting and selling their products and services on metaverse platforms. 

But it requires the right knowledge and good research to choose and buy a valuable virtual land in a metaverse. You need to consult a professional metaverse development company that specializes in this field. They will assist you in making the right decision and ensure that your investment generates a high return on investment.

If you need assistance with this, Connect With Our Experts.

The post Everything You Need To Know About Metaverse Real Estate appeared first on MobileCoderz.

Thus, concepts like Metaverse in the travel industry are also gaining huge traction among tech enthusiasts, travelers, and businesses. The global pandemic also raised some interest in virtual travel.

In this blog, we are going to discuss the transformation of the Metaverse in the travel industry. We will also learn how Blockchain development can change the face of the travel industry.

Before diving into an in-depth discussion, we must understand the concept of the Metaverse; 

What is Metaverse? Why is it So Popular? 

Possibilities are quite limited in the physical world. Thus, we need to open a new gateway to a virtual world, where we can have new possibilities of interactions and life.

The metaverse is essentially a concept of a virtual world where people can leave the real-world and have interactions with each other. The real Metaverse in the future will be based on Blockchain technology and provide equal participation opportunities to everyone.

In order to make the experience more interactive and realistic, it will simulate a 3D life-like environment, where users will be able to play, work, earn, and socialize with others.

Technologies like AR and VR travel in the Metaverse will be used for making the experience truly. This could have drastic implications on the travel industry with interactive virtual tours and simulations. For this reason, travel & tourism companies should consider hiring a Blockchain development company to develop innovative solutions. 

The Advancements in the Metaverse

The Metaverse is not just a buzzword anymore. In fact, the involvement of Mark Zuckerberg has made it a global phenomenon. Today, the continuous advancements in virtual reality, augmented reality, artificial intelligence, and Blockchain technology have accelerated the growth of the Metaverse. For this reason, big players like Microsoft, Nvidia, Apple, and Facebook are investing heavily to make Metaverse a reality. This could bring a great revolution to traveling companies looking for more immersive virtual experiences. 

Things Traveling Companies Must Understand About the Metaverse

Travel & tourism businesses must understand these rules to implement their own solution in the Metaverse; 

1. There will be a single version of the Metaverse to have a unified user experience. 
2. Everyone should be able to access the Metaverse irrespective of device or platform. 
3. A single authority or an individual won’t be able to control or manipulate the Metaverse/
4. There won’t be any downtime in the Metaverse. Thus, the virtual world will be time persistent. 
5. The Metaverse will be dependent on the internet or a network. 
6.  VR and AR in travel & tourism industry will have a massive impact on the Metaverse

Let’s check out the current situation in the digital travel industry 

Digital Travel Market Overview

• The global online travel industry already had a worth of $354.2 billion in 2020. 
• It has been predicted that this market will touch an astonishing $1,835.6 billion by 2031. 
• The main age group of the online travel industry consists of individuals between 32-43. 
• The Asian market is considered the largest market in the online travel app industry. 
• Today, almost 80% of tourists depend on a mobile application to plan their trips. 

Key Learnings from this Blog

• The Metaverse will create a bridge between the digital and physical characteristics of the travel & tourism industry. 
• Exploring the virtual world through Metaverse could help users avoid unnecessary travel. 
• Virtual tourism saw a major demand during the Covid-19 pandemic, but the Metaverse will add another dimension with a new approach. 
• 2022 will be a significant year in determining the impact of the Metaverse in the travel industry. 

The Impact of Metaverse on the Tourism and Hospitality Industry

The concept of the Metaverse should not be considered as an alternative to the travel & tourism industry. Instead, it should be considered an extension of the services provided in this industry. In fact, the virtual travel experiences in the Metaverse aren’t going to harm the bookings for actual vacations in the real world. The Metaverse marketplace would become an extensive instrument for the tour and travel industry around the world. 

By taking full advantage of virtual tourism, the Metaverse would be drastically improving the travel experience of consumers.  In fact, the Metaverse users will be able to have a virtual experience of tours and journeys before pursuing the actual journey. Thus, they will be more informed and prepared for the attractions, perks, challenges, and experiences of the tours. People can use the Metaverse for attending the following events; 

• Live concerts
• Outstation vacations 
• Museum tours
• Nightclubs 
• Casinos 
• Aventure sports 
• And more! 

Hotels and restaurants will also have great opportunities with the Metaverse to promote their offerings. Thus, the scope of tourism and dine-in experience can also improve with the inclusion of a Metaverse. Many travel & tourism companies are also looking for the best travel app development services to prepare for the Metaverse. People can have life-like experiences before actually spending money on different services. 

The Incoming Marketing Opportunities 

There’s no doubt that the tourism and travel industry was affected massively after the Covid-19 pandemic and the lockdown norms. Thus, marketing and conversion have become very important factors for these businesses to rise again. Travel & tourism businesses can transform their marketing strategies with more immersive and life-like experiences in the Metaverse. Furthermore, the virtual world of the Metaverse can bring more promising marketing opportunities. 

The Metaverse can become a very immersive platform for customers to view and compare different companies, their services, and attractions. Moreover, marketers can also explore unique digital marketing opportunities in the Metaverse with Metaverse in the travel industry. 

They can also launch their virtual events or offerings with NFT becoming a central component of the Metaverse. Travel planning can become a lot easier when users can get virtual tours of holiday destinations, hotel suites, meeting spaces, and floor plans. With the help of Blockchain technology, virtual tours of holiday destinations and hotels make the actual experience more fulfilling and rewarding. 

The Best Use Cases of Metaverse in the Travel & Tourism Industry

The Metaverse has become a very vast concept in the world now. In fact, it has the potential to revolutionize various industries with innovation and virtual worlds. The use of VR technology in the Metaverse takes the possibilities even further toward a life-like and immersive world. A Metaverse marketplace for the travel industry would bring remarkable changes in daily operations. Here are some of the best use cases of Metaverse in the travel & tourism industry; 

1. Video Game Tourism

Pictures and videos alone are not enough to launch effective marketing campaigns and attract more tourists. Thus, it becomes important for travel companies to provide a more immersive experience to travelers with the help of travel app development company.

This is only possible by giving them a life-like experience of a virtual world, where they can explore holiday destinations, hotels, and venues by wearing a VR headset and connecting with a Metaverse marketplace. For example, the users can have an interactive tour of the Colosseum in Rome without actually leaving the comfort of their homes.

This digital material can work as a pre-sale demo to promote the actual tourism packages. Moreover, travel companies can sell this VR experience separately to generate additional revenue. People also love purchasing digital content that is more interactive and immersive for the users. 

2. The 3D Metaverse Hotels

The virtual world of the Metaverse is meant to be a very realistic, life-like, and interactive experience. Thus, hotel businesses can use the potential of the Metaverse to design the virtual version of their properties. Properties meant for social gatherings like meeting spaces, seminar rooms, and banquet halls are often examined by the event organizers. Furthermore, the event organizers have to visit these properties in person to examine the technicalities.

A virtual three-dimensional copy of the property could be very helpful for the event organizers to explore the venues virtually. They could save a lot of time and resources usually spent on traveling. Popular hotel chains like Marriott, Movenpick, and others are already investing in Blockchain development and the Metaverse marketplace to create the most interactive digital content for users. Moreover, this 3D virtual world could open up new revenue opportunities for businesses from users who like to explore digital worlds and make purchases. 

3. Improvement in Bookings and Interactions

Today, the booking experience to book flights and hotels is very boring and monotonous. The users have to fill out monotonous forms or chat with bots for better information. Metaverse for the travel industry can drastically change the booking process where the users will be drawn into a very immersive experience. In fact, businesses and customers can create their avatars to explore the booking process in a realistic virtual environment. 

There could be a virtual attendant who can take the particular details from the user to further proceed with the booking process. The users can also wear their favorite attire and interact in their own way with the effective implementation of the Metaverse for the travel industry. Altogether, this would make the booking experience more interactive and fun for the users. Hence, there would be more conversions with the interactive approach. 

4. Flying Experience in the Metaverse

Prominent airline companies like Qatar Airways, Lufthansa, Emirates, and others are investing heavily in Metaverse experiences and Blockchain development. These companies want to offer a digital experience where the users could explore various facilities like e-stores, virtual flights, lounges, etc. After using these services, the customers will earn loyalty points which can further be redeemed in the real world by getting exclusive discounts or cabin upgrades. 

The airline companies could greatly encourage people to fly with airlines by providing a quality virtual experience in the Metaverse. Moreover, they can also integrate the reward points with a credit card company to benefit even better. It’s a win-win situation for everything, credit goes to the Metaverse for the travel industry.

Private jet companies like Star Jets International are also working with top animation studios to create their virtual experience for the Metaverse. This would certainly change the experience for luxury travelers who love complete extravagance. 

5. Events in the Metaverse

The event companies faced a massive backlash during the Covid era due to lockdowns and unsold tickets. For this reason, they have understood the importance of virtual events that can also have live attendance. 

Metaverse in the travel industry can certainly be a blessing for event companies. Event companies like MetaEvents are already working with Metaverse tools to create digital storefronts, NFTs, and other digital collectables. Virtual events in the Metaverse will be like any live event where the attendees can have an immersive experience and interact with each other. 

Instead of traveling to the actual venue of the event, they can watch the event interactively live from their home. In fact, they can become a part of the event with the help of VR technology. These events can even feature supernatural features or out-of-the-world visuals to create a truly unique experience for the visitors. If you want to build such an immersive experience for your event company, then it would be highly advisable to hire Blockchain developers now. 

How to Adopt the Metaverse in a Traveling and Tourism Business?

So far we have learned how the Metaverse can create a significant impact in the travel and tourism industry. However, as a business owner, you must know how you will be capitalizing on these benefits of the Metaverse before your competitors. Firstly, a Blockchain development company could greatly help you understand the relevant benefits of the Metaverse in the travel industry for your business model. They can help you to develop an app for the travel industry to capture more clients. 

These are some of the best practices that you can implement to easily adopt metaverse in the travel & tourism industry; 

• You must have a clear set of objectives for your Metaverse project before implementing it in your tourism business. 
• You should create a dedicated budget for the Metaverse marketing budget that would help you understand the cost to develop a Travel App? 
• Try to do a competitor analysis to learn what others are doing with Metaverse solutions. Thus, you will be able to seek a competitive edge while deploying your own solution. 
• Try to understand the user persona and what they might actually want from your digital experience. Thus, you will be able to make the Metaverse experience more personalized and targeted. 
• You can work on building a virtual itinerary to help users to have better engagement and communication with others on the Metaverse. 
• People love to collect digital artifacts and collectables like NFTs. Thus, you can either sell digital collectables as souvenirs or give them away for free. 
• It is a great strategy to build play-to-earn games to engage the users with your loyalty programs. People love to spend time on platforms where they can earn rewards by completing various activities. 

How MobileCoderz Can Help You With Your Travel Business and the Metaverse?

It is often said that Metaverse will be the most revolutionary technology after the invention of the internet. Thus, the implications of the Metaverse on the travel & tourism industry will be severe in the near future. It will change the way people plan, travel, and communicate. Above all, you will need to hire Blockchain developers to build a successful Metaverse marketplace. 

MobileCoderz is a prominent Blockchain development company that is ready to take the best advantage of the Metaverse in the travel industry. We have an extensive team of Blockchain developers, designers, QA professionals, and project managers. Together, they can help you learn about the best benefits of Metaverse for your business and implement robust digital solutions. 

The post How Metaverse will change the Travel & Tourism Industry appeared first on MobileCoderz.

The Metaverse is focused on mimicking the characteristics of the real world in the digital space. Furthermore, interactions with this world will go beyond just mouse, keywords, or screen. VR in Metaverse will be completely changing the way we consume content on a daily basis. In this blog, we are going to discuss the potential of VR in Metaverse. 

Before diving into an in-depth discussion, we must understand the concept of the Metaverse in detail. 

What is a Metaverse?

In today’s internet, the user experience is quite confined to input devices like touchscreen, keyboard and mouse, and digital screens. Thus, the user experience is limited and not that interactive. 

In a Metaverse, the users can have realistic digital-world experiences by using a VR headset and interactive web content. Thus, they can buy digital products, play videos, and games, socialize with people, and consume interactive media in this virtual world.

We can take the liberty to say that the Metaverse is not a technology, instead, it is an innovative vision of engaging with the digital and real world. In fact, Metaverse could be the best attempt in trying to remove the difference between the real and the virtual world. 

Mark Zuckerberg isn’t the first person to coin the term ‘Metaverse’ to the public. In fact, the concept has been there for a long time. However, the vision and goals of the metaverse may differ from company to company. Still, the main idea of the Metaverse lies in a real-time rendered 3D world where multiple users can interact with each other. 

Development of the Metaverse 

The development of a Metaverse is highly dependent and influenced by advancements in technologies such as virtual reality, augmented reality, artificial intelligence, Blockchain, etc. Thus, it is still a concrete concept in today’s digital world. However, big players like Facebook, Microsoft, Nvidia, and Apple are investing heavily in VR in Metaverse and Blockchain development.

Rules of the Metaverse

There are certain rules which must be followed by the businesses trying to implement their own version of the Metaverse. 

1. There should be one single version of the metaverse if we want the actual Metaverse. 
2. The Metaverse should be available to use for everyone. 
3. No single authority or individual should be able to control the Metaverse. 
4. The Metaverse should remain open without any downtime. 
5. The Metaverse must be hardware-independent/agnostic.
6. The Metaverse will be dependent on the internet or a network. 

So, we have understood the definition and core rules of the Metaverse. Now, we should also understand the six main characteristics that will help you define the Metaverse. 

1. Identity 

The digital representation of an individual completely depends on the user. Above all, they can express themselves better by creating their own unique avatar. From head to toe, they can define the individual aspects of the character’s look and appearance. 

2. Multi-Device Support 

The main purpose behind metaverse is to provide maximum availability to the users. Thus, the Metaverse should be easily accessible from anywhere and on any device. In fact, it should be accessible from any phone, tablet, PC, or other device. However, the implementation of VR technology into the Metaverse would be the greatest leap towards an immersive experience.

3. Immersive Experience

We all know that a truly immersive experience includes the sensations of sight, touch, smell, hearing, and taste. The 7D movie theaters greatly provide such an experience by vibrating the chairs, controlling the temperature, or throwing sprinklers of water.

Thus, using VR technology with the Metaverse will be helpful for mimicking the images and sounds of the real world. Furthermore, the next-generation VR headsets are expected to be shipped with haptic bodysuits and omnidirectional treadmills.

Together, these extensions in the VR technology will give physical sensations via electro-stimulation as the users navigate in a digital environment. 

4. Digital Economy 

A fully interactive Metaverse is meant to have its own functioning economy separate from the real world. In fact, this digital economy would provide opportunities to the users to earn and spend in digital or fiat currencies. Roblox is an amazing example of a Metaverse implementing its own digital economy. Thus, implementing VR into such an interactive environment will make the virtual economy appear almost real. 

5. Community-Powered 

A Metaverse is a concept of next-generation instructiveness and digital communication. Thus, it will be built on a huge community that can interact and share experiences with each other. We can already see this engagement in interactive video games that share some characteristics of the Metaverse. 

6. Persistent with Real-Time

Open-world video games can be paused by the users. However, this is not the case with the concept of the Metaverse. This virtual world will be real-time persistent without having the ability to pause the game. In fact, the Metaverse will continue to exist even when the users leave the digital experience. 

Why Does Metaverse Need VR/AR Technology?

As discussed before, VR/AR technologies will be the major extension of the Metaverse. In fact, they will be adding real immersive elements to the virtual environment of the Metaverse. VR in Metaverse will be very helpful in breaking the difference between the virtual and the physical world.

Sensory experiences can also be achieved with the help of VR in Metaverse. It will be just like touching a specific object or walking within the real or virtual world. Moreover, we can add immersive elements to the Metaverse world with AR technologies. Consulting a Blockchain development company can help you prepare for the Metaverse.

Importance of VR/AR for Metaverse Development 

The digital world that we know today is mainly based on the interaction with screens and input devices like touchscreens, buttons, keyboards, etc. However, Virtual Reality provides a more promising interactive 3D environment. Users can ensure better telepresence when they use VR technology in an immersive Metaverse.

VR is already very effective in blurring the line between the real and the virtual world. There are so many games that give an almost life-like experience with incredible graphics and sound effects.

Bringing Metaverse and VR together can certainly change the way we would explore virtual locations like schools, concerts, parks, theaters, etc. Users are gonna have a real sense of presence in a virtual place while using the Metaverse. Collaboration and communication with people in the virtual world will feel more realistic and natural with the inclusion of VR/AR technologies.

Real-Life Examples of Some VR Apps 

1. Popular fashion brands like Tommy Hilfiger are offering a 360-degree experience of their fashion shows organized across the world. Thus, the users can just plug in a VR headset and be a part of the audience watching the fashion shows. This could be a great case study of VR technology in the fashion industry of the Metaverse. 
2. The famous shoe company Toms is using VR technology to launch its donation campaign online. Donation is given to children in the form of a pair of shoes with every new pair of shoes purchased by the customers. A partner company will be traveling around the world to donate the shoes directly. Thus, a VR experience has been built to invite the customers to virtually join this charitable trip. Through an interactive experience, the attendees can even virtually see the recipients and their living conditions. 
3. The Tilt Brush allows its users to paint in the 3D space with the help of virtual reality technology. Thus, the users can go beyond the limitations of the 2D canvas to unleash their creativity in the 3D space. 
4. There are hundreds of VR apps that allow users to just, hang out, and interact with each other. This is a great example of interactive communication with the help of VR technology.
5. Metaverse worlds like Decentraland and the Sandbox will take the use of VR technologies to the next level.

Evolution of VR Devices

The VR in Metaverse will open up new opportunities for businesses and individuals around the world. However, the current hardware and software might not be enough to simulate a truly immersive and realistic virtual world. We will certainly need a lot of development in the Virtual Reality technology to improve its capabilities for the Metaverse. Some of the features and changes could be a major step forward in VR technology; 

Haptic Body Suits  

Wearing a VR headset on your head might not be enough to give you sensory interactions. Therefore, future VR devices will come with a vest, full-body, or gloves to provide a sense of touch with vibration motors and electro-simulations. As users start to explore the virtual world, these suits will provide sensations like the real world.

Omnidirectional Treadmills 

Walking itself is a very engaging and interactive activity. In fact, you have to constantly optimize your center of balance to avoid falling. Using omnidirectional treadmills will enable the users to bring their physicality to the virtual world. Moreover, the future omnidirectional treadmills will allow people to walk, run, or even jump in the VR experience.

Brain-Sensing Devices 

Using any input device such as keywords, mouse, touchscreen, or motion controller is not truly interactive. Imagine a virtual world where users can control things in real-time by using their neural signals in digital inputs. Such concepts would require highly advanced machine learning algorithms to process brain activity and understand the active visual focus. Ultimately, the users will be able to move an object in focus in the virtual world.

Differentiating Between VR and the Metaverse

There’s often a misconception that VR and the Metaverse are the same things. However, there’s a huge difference between the two concepts. VR is an interactive technology that works as an extension of the Metaverse. Above all, it ensures better telepresence in the virtual world.

The Metaverse, on the other hand, is a much wider concept that aims to mimic the real world into a truly immersive world. It will enable people from all around the world to connect with each other. The Metaverse will function as a virtual, shared, and multifunctional universe. Essentially, Metaverse will bridge the gap between the physical and virtual world. It will also ensure better transparency and security for the users. Whereas, VR will be merely responsible for extending this virtual world into a more interactive and immersive experience.

Summing Up

Just like the Internet in the 80s or 90s, the concept of the Metaverse is still in its infancy. However, top organizations are investing heavily in Blockchain app development to take full advantage of the Metaverse in the future. Thus, this shows the potential of the Metaverse for businesses and individuals. This virtual world will be very immersive and have a real-time persistent economy. Thus, it would be highly advisable to prepare you to become a Metaverse-ready company. MobileCoderz is a prominent Blockchain development company that can digitally transform your business and prepare you for the Metaverse. 

The post The Role of VR in the Metaverse? appeared first on MobileCoderz.

Now, this innovative technology can go even further with the latest innovations of Metaverse. It can effectively connect with the 3D world and a huge variety of real-world devices.

In this blog, we are going to discuss the potential of the Metaverse in revolutionizing the Internet of Things. We will also learn why businesses are rushing forward to hire an IoT app development company.

Before we learn about the impact of the IoT, let’s learn a few things about the Metaverse. 

What is Metaverse? Why Is It So Important? 

There are so many technical definitions of Metaverse technology. However, it would be better if I explained it in layman’s words to help you understand this technology with ease. Basically, Metaverse is a virtual space where people can escape from the real world and interact with each other. Furthermore, it simulates a 3D real-world environment, where people can socialize, interact, earn, work, and play.

Metaverse technology is based on Blockchain technology. Thus, it would function on an entirely decentralized setup. This openness creates diverse opportunities for Blockchain developers and IoT developers. Moreover, it is safe from the central authorities and gives us the assurance of better security, transparency, and immutability.

Metaverse works with the perfect amalgamation of Virtual Reality, Augmented Reality, and Artificial Intelligence. Thus, together they blur the fine line between the virtual world and the physical world. Therefore, it could be an incredible technology for IoT-enabled devices that work in the physical and digital world.

Now, let’s discuss a few words about IoT

What is the Internet of Things (IoT)?

The Internet of Things is an interconnected world of computing devices, digital and mechanical machines, objects, etc. These devices can transfer data seamlessly over a network without ever depending on human-to-human or human-to-computer interactions. IoT technology heavily depends on sensors, security protocols, and cloud computing. Above all, an IoT ecosystem is empowered by web-enabled smart devices that have embedded hardware such as processors, memories, sensors, and communication hardware.

Metaverse will Change the Internet

We can say that the Metaverse is an advanced version of the internet. In fact, the Metaverse is not dependent on a computer screen, it creates the perfect passage for liberal social interactions between people. By using this technology, people can watch movies, virtually visit a tourist destination, play games, and have conversations with others without being confined to their digital screens.

Metaverse effectively uses 3D technology, VR, AR, and AI to bring new possibilities to the internet. 

How Importance of Metaverse in IoT

Although IoT is already a very successful technology that connects physical devices to the internet. However, including Metaverse can certainly open up new opportunities for users. Together these technologies would enable us to gather real-time data from the real world into the digital world. Thus, it would significantly reduce the difference between the physical world and the virtual world.

IoT devices will be more interconnected with the help of the Metaverse in both digital and the real world. Moreover, people will be able to easily create their digital avatar with the help of IoT devices.

The Metaverse is set to create a huge impact on IoT with the use of Digital Twins and more. In fact, the IoT technology will progress much faster with the continuous implementation of the Metaverse.

1. Improvement in Real-World Training

The entire concept of the Metaverse is reliant on Artificial Intelligence and real-world training. The implementation of Metaverse in IoT will greatly help organizations in running virtual simulations to improve the scale and authenticity of training. 

IoT can help us gather more accurate and real-time data from the real world to improve the test training process. Thus, the virtual environment of the Metaverse is able to effectively reflect reality when we include IoT. People working on Metaverse can develop more polished software or AI algorithms that detect problems and show the implications in real life. 

2. Effective for Long-Term Planning

The Metaverse is continuously growing with digital content from real-world items like buildings, people, vehicles, clothing, etc. Thus, businesses want to create the exact reflection of our real world but in the virtual space. IoT and Metaverse can help businesses to plan different scenarios and optimize their long-term plans.

This could be super beneficial in industries like energy, transportation, healthcare, fashion, etc. Thus, leveraging the real-time data is important for effective long-term planning and simulating various scenarios with precision. Above all, AI and ML could become significant contributing factors in long-term planning.

3. Personalized User Interface Environment

IoT devices usually work with real-world devices and have a basic interface. However, Metaverse could effectively add a 3D digital user interface to traditional IoT devices with screens. Therefore, using IoT devices will also provide a more immersive experience to the users. They will be able to remain present in both the physical and virtual worlds. Therefore, businesses can hire an IoT app developer to personalize the user interface and experience to a great extent.

People and IoT devices will be able to collaborate more with the complex world and systems of the Metaverse. The immersive nature of the Metaverse and the practical use cases will help us to make better-informed decisions with less emerging and training. Above, Metaverse with IoT will feel more natural and normal like anything else in the physical world.

4. Huge Impact on Cloud Technology 

Both IoT and Metaverse are heavily dependent on cloud technologies. However, their amalgamation could certainly revolutionize the capabilities of cloud technologies. Cloud service providers could unlock the real potential of cloud computing with the help of Metaverse in IoT. In fact, cloud platforms like Amazon AWS and Microsoft Azure might look and feel completely different with the entry of the Metaverse into IoT devices.

Developers working on cloud technologies will be able to ensure better scalability possibilities, resilience, and seamless functionality from their structural infrastructures. The world of Metaverse will provide more processing power to users of cloud computing.

Thus, they will be able to effectively transmit information gathered by IoT devices to the Metaverse in real-time. Moreover, the Metaverse technology will certainly enhance interoperability between VR-AR devices and IoT digital data. This would enable the SaaS developers to create world-class solutions.

5. Information and Interactive Experiences

The introduction of the Metaverse to regular technologies would mean an increased focus on improved design of creating interactive experiences for customers and enterprises. Therefore, it will greatly fuel the emerging and changing demands of the IoT industry and information-processing technologies.

6. Next-Level Computation 

The implementation of the Metaverse and edge computing are bringing next-level computation speeds to the IoT world. In fact, Metaverse technology, AR, AI, 3D digital twin, and IoT will make it a lot easier for normal computers to process huge chunks of data.

7. Interaction Based Computing 

The majority of the digital interactions with computers take place with an input device or computer screen. In fact, in IoT devices, the users have to use a console or a couple of buttons to register their inputs. 

The AR and VR technology used in the Metaverse is destined to change the way we interact with IoT devices. For this reason, the experience will be highly contextualized and realistic. In fact, the users won’t even realize whether they are interactive in the real or virtual world. 

This will be possible through extended-reality devices that will empower a lot of IoT devices. IoT with motion sensing, AI-enabled edge, and customized data gathering sensors will help in creating more immersive and interaction-based computing. 

Summing Up

It is apparent that the future of the internet will be brighter with the Metaverse and Web 3.0. Moreover, IoT devices and applications will become much smarter and more immersive with the inclusion of a Metaverse. Thus, many businesses are already rushing to find Blockchain developers for their IoT applications. MobileCoderz is a leading IoT app development company with a proven record in building robust applications for IoT devices. We fulfill the unique needs of clients from diverse industries. Above all, our clients get 6 months of extensive technical support even after the deployment of your mobile app on respective app stores. 

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