What is the Metaverse and why is it destined to be a success?
The Metaverse has become one of the buzzwords of the modern-day. It’s hot in the press, numerous influencers and global companies are talking about it, and if you are involved in the blockchain space, you undoubtedly have heard of some fantastic projects streamlining their vision of it to the masses. In addition, the word “Metaverse” in itself sounds monumental and groundbreaking, almost like it has a gravitas of its own, but what will the future hold when it becomes a widespread reality? Let’s investigate.
We live in an age that is hyper-powered by digital technological systems that enhance our realities more and more over time. And now, with the development of the third generation of internet services for websites and applications powered by Web3.0, blockchain, cryptocurrencies and NFTs, concepts like the Metaverse are gaining mass popularity and hype.
The idea of a virtual world or “Metaverse” is not new. In fact, games from the past like Second Life have streamlined this vision previously. However, with the help of new technologies and systems the term today encapsulates the creation of far more developed ideas that will go beyond the models of the past.
That being said, we think that Metaverse applications are surely going to change the ways we communicate with one another. There can be positives and negatives to this, but so far, the concept is being fairly well received with regards to the advantages it can provide for many across the board. According to a Statista study in 2021, there are a number of perceived benefits of Metaverse systems and how they can help people in various ways. From empowering disabled people to overcome obstacles virtually to allowing people to travel the world from their homes to being used as a tool for long-distance relationships that helps loved ones to connect and also a portal that provides more virtual job opportunities, the Metaverse has the ability to empower societies across the globe in new and innovative ways and those are just a few of them.
Currently, the online blockchain gaming environment is considered the “starting point” of the Metaverse, with the creation of new opportunities like P2E (play to earn) that are allowing individuals worldwide to access revenue streams by playing games like Decentraland and The Sandbox online. We believe that this will only get more enhanced in the future. This is because Metaverse games are already testing new technologies, like AR and VR within them, which could eventually impact our social interactions, communications, business collaborations, and even financial transactions, as these may all occur via such platforms that provide virtual world experiences.
On a parallel track to blockchain gaming comes the exploration of Metaverse systems by private companies. Facebook, which rebranded itself last year to “Meta”, is the most notable example of this. They are currently streamlining their own Metaverse solution to the masses allowing users who own VR headsets to try and test it out already. Other multinationals exploring their own Metaverse platforms include big players like NVIDIA, Microsoft, Apple, and Epic Games, to name a few.
At Archipelago, we are creating the luxury Metaverse of the future to provide users with a unique experience of entering the most stunning decentralized virtual world in crypto. This is because we are committed to a future that is inclusive of the Metaverse and all the benefits it can provide to individuals all over the world. We think that the development of such systems are a massive opportunity because they will transform the ways we interact with one another, and they are destined to be successful because of this. From how people gather together for leisure or work, to how brands provide fully digital retail experiences, to how technologies like blockchain and digital assets like NFTS and cryptocurrencies can be leveraged to create wealth and opportunities globally, we believe the creation of a Metaverse that is inclusive of all of these benefits will become a driving force of the future.
About Archipelago
Archipelago is a luxurious decentralized Web3 Metaverse built on the Ethereum Blockchain.
Stunning hyper-real graphics bring a sense of wonder and joy not yet experienced in the first iteration of Metaverses.
Founded by Steven Brodie and Chris Brady in December 2021 with over 20 years of experience in Virtual World Creation from their time working for Ai3D which Steven founded in 2002.
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