Examples of applications created for the metaverse can be found in this section of the metaverse handbook. The metaverse’s existence may appear to be relatively new. However, we can see examples of it nearly everywhere now. It has infiltrated nearly every element of existence. This includes anything from games to leisure to a wide range of business opportunities.
1. Virtual Worlds
A virtual world is a computer-simulated environment that may be visited by several users at the same time or separately. Each user can create their own avatar and explore different virtual places, construct their own spaces, participate in activities such as events, and interact with others.
Horizon Worlds (from Meta – formerly Facebook) is a recently created metaverse platform. People can build a personal avatar and travel about in an animated world, meet new people, attend events, and play games with others using the Facebook VR headset Oculus. Hubs Mozilla, Gather, and Fortnite are examples of virtual worlds.
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2. Gaming
Aside from Roblox, there are a plethora of additional gaming alternatives. Some of the better metaverse possibilities include Decentraland, Axie Infinity, Sandbox, and Illuvium. Immersion is arguably the most important aspect of these platforms. Gaming depicts a vibrant environment in which change is not just conceivable but encouraged. Missions and motives are given to the players. And it all happens in a vibrant social landscape that encourages strong ties. Overall, it gives the impression of living in an exciting and lively digital environment. This also aids the ecosystems in attracting new users and allowing them to ramp up on a regular basis.
3. Events
Many events in the metaverse are similar to, if not identical to, those found in the actual world. Sensorium Galaxy, one of the metaverses, is designed specifically for these kinds of incredible experiences. Sensorium Galaxy is being developed into something artistically beautiful by artists such as Armin van Buuren, Steve Aoki, David Guetta, and others. It encompasses a whole universe dedicated to music, as well as designated areas for meditation, fitness, and other similar activities.
Artists such as Travis Scott and Ariana Grande have collaborated with other services such as Fortnite. In a new Soundwave series, Fortnite is hosting special interactive events centered on artists. Artists such as Ariana Grande and Marshmello have performed there. Over ten million in-game spectators saw the American DJ performance alone. Even incidents in Fortnite highlight current happenings in the real world. JJ Abrams, for example, displayed as a custom avatar that could be used. Within the game, users were also treated to a new Star Wars clip. The metaverse is characterized by this type of convergence of online and offline occurrences.
4. Business
Thanks to COVID-19, many participants had their first taste of online conferencing. This also revealed the limitations of cameras. Some businesses are currently utilizing metaverse-based solutions. Horizon Workrooms, created by Meta, is leading the way. Mesh was also designed by Microsoft for Microsoft Teams. In Microsoft Teams, Mesh allows you to bring virtual metatarsal flair to remote meetings. The majority of businesses have realized the importance of internet engagement. Employees also like the ability to work from home on occasion. The metaverse is the logical next step in that progression. Meetings and workplaces can be transformed into totally immersive virtual worlds.
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5. The Real Estate Industry
$2.4 million may appear to be a lot of money for a piece of land. However, the sale was made through Decentraland, one of the most popular hangouts in the metaverse. Transactions in other metaverses, such as Sandbox, have been equally amazing. Sales are sometimes made in standard money. Other times, this may be accomplished through the use of cryptocurrencies. However, metaverses are known to have healthy economies. This is also not a new phenomenon. In the early 2000s, Second Life, one of the programs that gave birth to the modern metaverse, had a thriving virtual real estate industry. With Linden Dollars, it even pioneered digital economics.
Conclusion
The metaverse is still in its infancy, it’s too early to assign a definite order or ranking to the top metaverse applications. Metaverse technologies are currently driving fresh waves of digital change in a variety of industries. Simultaneously, metaverse technologies such as virtual reality, augmented reality, and virtual reality (VR, AR, and XR) are altering traditional ideas on industry best practices and business models.
