The Metaverse, as a shared, virtual, immersive, and interactive world based on AR, VR, and blockchain technology, opens up a whole new universe of interesting use cases, such as virtual concerts and digital property, to mention a few. Although a fully-fledged Metaverse is still a long way off, a handful of Metaverse-like projects produce three-dimensional, diversified experiences. As a result, there are numerous fascinating Metaverse use cases and applications to be aware of. Please get in touch with us right away if you are seeking a metaverse development company.
Use cases for the Metaverse: What can you do in virtual reality?
If the Metaverse is still unfamiliar, please read our extensive post on what it is and why it is significant. We’ve also gone through the topic in further depth to show individuals interested in participating in Metaverse initiatives how to get started. However, the best approach to comprehending this digital world is to become acquainted with some of the most important things you can perform inside the virtual universe by presenting you with the top Metaverse use cases today.Metaverse Development Company
Digital office space
The Metaverse gives up a world of possibilities regarding remote virtual offices and digital office space. We’ve seen huge changes in the workplace over the last few years, particularly since the effects of the global pandemic in 2020. Many employees around the world have the option of working from home. However, while remote work has numerous advantages, it also has one major drawback: connectivity.
The Metaverse may alleviate this problem by providing a solution for virtual collaboration in workrooms, team-building exercises, virtual meetings, and other similar activities. Employees might use digital avatars to attend virtual work events and conferences, visit virtual help desks, and communicate with colleagues and management.
Businesses may do much more with access to a virtual universe, such as training and onboarding. BMW Group, for example, has already investigated this possibility by designing a future digital factory using NVIDIA’s Omniverse (a 3D collaborative metaverse platform) to teach and remotely connect its personnel.
A new type of learning space
Metaverse technology can also change how people study and educate by opening new doors. Although online learning is already well-known, virtual reality can elevate the learning experience to a new level. The Metaverse can allow users to fully immerse themselves in new concepts and activities rather than only learning about them in theory.
The Metaverse is predicted to revolutionize how humans acquire and interpret new information by providing intense and high-quality knowledge assimilations compared to traditional classroom learning methodologies. We can even abolish the language barrier in the future with the help of advanced AI translators, allowing individuals from all over the world to learn in a single virtual environment.
Virtual tourism
Virtual tourism is another new Metaverse use case that users can investigate. In times of global uncertainty, pandemics, or financial instability, traveling to different countries and new areas becomes difficult. These difficulties, however, are eliminated with virtual reality. Travel aficionados could employ VR headsets, 360-degree movies, and other technologies to expand their cultural understanding and take virtual tours to real-world sites in the Metaverse realm.
Similar schemes have already begun to take shape. South Korea, for example, is contemplating a $186.7 million investment in establishing a Metaverse ecosystem, with Seoul chosen as the first city to be included in the virtual area.
Another example is the establishment of Ariva Wonderland, a tourism Metaverse that allows virtual visitors to take virtual tours of popular places such as the Eiffel Tower, the Statue of Liberty, and the Arc-de-Triomphe, among others. Best of all, users have access to time-travel capabilities, allowing them to journey back in time to view how specific areas looked in the past and what they might look like in the future.
Online gaming
Online gaming, notably blockchain gaming, is one of the most prominent use cases for Metaverse-like initiatives today. Indeed, it is widely assumed that the gaming business is one of the driving forces propelling the Metaverse’s evolution. Virtual reality increases gameplay flexibility and allows users to build their material and games.
Furthermore, Metaverse gaming allows gamers to make money while playing what is known as play-to-earn games. Gamers can earn cryptocurrencies or other digital assets such as NFTs, have fun, and develop specific mental skills. Gaming systems such as Decentraland, The Sandbox, and Axie Infinity have previously demonstrated the economic component’s potential in gaming. A future-compatible Metaverse architecture will allow seamless asset portability and easy switching between multiple interaction forms.
Virtual Fashion
Fashion is another industry that is capitalizing on the Metaverse’s prospects. The fashion industry is experimenting with the potential of the virtual world and metaverse technologies by allowing consumers to buy special clothes from renowned fashion houses in virtual space. Gucci, for example, created the Metaverse Design on Roblox.
Users are already interested in what the fashion brand offers in the Metaverse, with a Gucci purse costing $4,000 in virtual reality.
Blockchain technology has the potential to add a new dimension to virtual fashion initiatives by allowing consumers to have exclusive ownership over digital fashion collections through the usage of NFTs, making the area even more fascinating.
Virtual possession
The Metaverse’s main feature is virtual real estate. Purchasing virtual property in the digital realm is becoming increasingly popular among individuals and organizations. Virtual land is already available on platforms such as Decentraland and The Sandbox, where owners can sell their property, rent it to others, or use it to build, arrange events, and organize various activities.
Every Metverse-like project has a varied quantity of virtual property for sale, and its virtual geography is separated into several sections. Another piece we wrote about how to buy land in the Metaverse can be found here.
Advertising
Advertising is another logical use case that emerges from the ability to buy or rent virtual estate in the Metaverse. The virtual world is one of the most inventive approaches businesses can use to engage with new people and increase brand visibility. Brands can use virtual billboards in high-traffic virtual places in the Metaverse, as well as virtual influencers and Metaverse events.
For example, Coca-Cola, Samsung, Balenciaga, and Adidas are developing advertising campaigns in the Metaverse to strengthen their presence in the virtual universe and attract more consumers to their companies.
Virtual performances and events
Virtual concerts are growing popular in Metaverse-like projects as the music industry evolves in the virtual space. More than 2 million people attended Travis Scott’s virtual show in the Fortune Videogame environment. Because physical laws or our physical reality do not constrain the virtual world, it allows performers to try new ideas and explore new routes for maximizing the entertainment experience.
During the event, Travis Scott’s avatar was the size of a skyscraper, allowing the performer to engage directly with the audience, which is inconceivable in our physical world.
Sports Fantasy
Fantasy sports and championships are another Metaverse use case worth investigating. For example, fantasy football in virtual reality is projected to grow in popularity due to its ability to provide different points of view and novel experiences. Users have proven a significant desire for sports-themed NFTs and collections in projects already exploring the field.
Virtual marriages
Some may find it difficult to believe, yet metaverse marriages are increasingly popular. Nowadays, getting married in the real world is a costly luxury that is frequently constrained by a variety of considerations such as time, location, and others. People can now get married in virtual reality using metaverse-like projects, where they don’t even have to be in the same room during the ceremony or party.
The first Metaverse wedding is also a reality, but the concept still needs to be one that many people want to embrace. Metaverse weddings are not legally binding, but meta-marriage certificates recognize them.
The near future
As blockchain technology advances and more Metaverse initiatives are created, we anticipate getting closer to a fully-fledged, complete, and interconnected Metaverse. Many real-life activities and events are already being replicated and improved in the virtual world. It’ll be interesting to see what more the virtual environment has in store for us in the future and what new Metaverse use cases emerge. When it comes to offering services in Metaverse Consulting, our team has a great deal of experience.
