03 How does the Metaverse work?
03 How does the Metaverse work?
- How does the Metaverse work?
- What is the impact of the metaverse on the economy, society, and companies?
How does the metaverse work?
When we can change our understanding of how we interact with things around us and are willing to change our perception of how we interact with the objects around us.
Or determine the nature of our interaction with objects and events in the real, tangible world around us, we will then, have the potential to understand how the metaverse works in the world of virtuality.
That is, it is possible when we feel the same sensations and feelings while interacting with real objects and virtual objects.
This last paragraph provides multiple services and experiences in a world that is completely different from metaphysical reality.
That is possible when we feel the same sensations and feelings while interacting with real and virtual objects and objects.
The latter (Paragraph) provides multiple services and
experiences in a world that is completely different from metaphysical reality.
In the virtual world or virtual universe, it is also known that the world of the metaverse is the one through which reactions and behaviors will be expressed, to the same extent as what happens in our minds towards events. realism.
This interaction will reflect our feelings and response that will be generated as a result of our interaction, with the practices and experiences that we aspire to achieve.
Virtual characters, who possess digital identities (avatars), come to appear in their various roles in the communities of the imaginary world, so their activities and tasks appear as if they are part of that reality. These characters penetrate imaginary communities and perform roles that appear as abstract reality.
Therefore, our understanding of the requirements for work within metaverse communities, and interaction within the imaginary world system.
Requires defining the general laws and conditions that govern the movement of virtual characters, regardless of the platforms and target communities.
Accordingly, the digital personality first: Must register on the digital community platform, of the digital community that he wants to interact with, whether it is for electronic games, social communication, sales and digital purchases, or any other activities.
Secondly: carrying out the activities of its targeted interactions, the consequences of its immediate movement, and its follow-up within the scope of the determinants of the digital platform, or the societies governed by some guidelines and instructions, according to the regulations and laws that regulate its activities in the virtual world.
What is the impact of the metaverse on the economy?
Before answering this question, let us first: enumerate the reasons that led to the great importance of the metaverse in our lives, and its emergence with such role and momentum now - Why Now?
As we've discussed, the concept of a persistent virtual world has been around for decades, depicted in science fiction and speculative visions of the future.
So why did the transformation suddenly appear in the real world? A few key factors help explain the current rise of metaverse platforms and communities: -
- Several technologies have recently reached maturation, setting the stage for functional virtual worlds.
- Increased computing power in consumer devices
- Modern communications Networks (5G & 6G systems), make it possible to broadcast complex graphics to devices.
- Improve graphics engines and 3D simulation systems.
- Blockchain and cryptocurrency integration.
In addition to the above factors, the answer to the question. What is the impact of transformation on the economy, society, and companies? can be accumulated from some other perspectives.
As we can see the world, is beginning to move towards exploring completely new aspects of life, represented by the tendency of companies to rely on the economy built on knowledge and digital data, especially analyzing, and processing big data using artificial intelligence.
Expanding innovation economies
The rise in the number of innovators, creators, digital
content creators, game makers, and social media influencers in general has led
to the emergence of more talent and skills capable of filling virtual worlds
with engaging content.
Modern tools have also made it possible to build imaginative worlds that were not available before, and are easily accessible to ordinary users so that strong economies of innovators and creators contribute to stimulating community participation and meeting the need for dynamic user experiences.
Sudden Shift to Remote Interactions
The global pandemic covid-19 has accelerated interaction with digital assets, at work, in educational institutions, in healthcare, in communications, and in life in general.
This rapid transformation caused an impact on societal behavior, adaptation to remote cooperation via video conferences, and the trend accordingly towards adopting the concept of virtual interaction. That is, relying on the early Metaverse worlds for people’s comfort and behavioral interaction through virtual spaces and communities.
Major Investments Validating the Market
This factor was previously mentioned in the second episode of this series, after Facebook decided to invest billions in the virtual world, or the world of the supernatural, and began changing the company’s name to Meta, and allocated a huge budget to the Metaverse project, estimated at 10 billion US dollars, in 2021 AD.
Technology giants allocated some investments in Metaverse platforms, due to the aspirations of Meta, Microsoft, and its owner, Mark Zuckerberg, who came up with the idea of Metaverse and Facebook (the new Meta), to align the trends and drivers of the future.
which indicates the confidence placed by these companies. For this field, there are great opportunities in the market. This enhanced the capabilities of developers to create competitive ecosystems and stimulated other supporters with investments and financing.
Thus, the presence of appropriate digital tools, technologies, and systems, considering the great willingness to accept the idea by the second millennial generation, and the feasibility of financial investments, has set the stage for the spread of the metaverse in the world, on a large scale across entertainment, institutional, educational, and commercial applications, and even amenable to broader scopes. Soon, as a long-term future vision, but now appears ready to be realized and impact the economy, society, and companies.
In these articles, of Mastering the Metaverse, I discuss.
In these articles, of Mastering the Metaverse, I discuss.
PART (01)
01 Beyond Nature - Mastering the Metaverse
02 What is Dubai’s Metaverse strategy?
03 How does the Metaverse work?
Eng. Khalid Moussa IdrisDubai, U.A.E.
Eng. Khalid Moussa Idris
I'll Provide administrative and operational consultations on the reality of smart cities, how to transfer urban cities into smart cities such as Smart Dubai, and I can provide specialized training courses in the field of modern systems and technologies used or considered as prerequirements for smart cities.
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