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Here is everything about the Metaverse 2022

Technology is evolving at a breakneck speed. While some businesses focus on new product and service development, others invest substantially in novel methods to fundamentally alter how we use technology. Phones, cloud computing, AI and machine learning, and blockchain are just a few of the breakthrough technology concepts that have previously captured the interest of the IT world. The term “Metaverse” is one such recent buzzword that has piqued the interest of the global tech sector to the point where it has become a macro-goal for several global digital behemoths.

What is The Metaverse?

The term Metaverse means “A universe beyond”. The word has been used to explain the concept of a future version of the Internet that we use to stay connected for a long time. Because the idea of the Metaverse is still in its infancy, there are a variety of ways to define it. Simply described, it is a digital domain that allows people to interact, cooperate, play games, conduct business, and socialise with other humans or digital (virtual) things. It’s also a virtual shared area formed by the merging of physical and virtual worlds.

The Metaverse is defined as any program, service, or network that allows the user to interact with other individuals or digital beings in a digital world. The starting points to what the Metaverse may be in the future range from Pokemon Go, which uses AR technology, to Fb’s latest ‘Horizon Workrooms’, which facilitates virtual collaboration.

Supercomputers, AI and the metaverse: here’s what you need to know

Supercomputers are ultrafast processors used to manage and interpret vast quantities of data.

Artificial Intelligence (AI) relies on and benefits from the global race for faster supercomputers.

Ultra-fast data processing brings with it far-reaching and fundamental ethical questions.

Since the beginning of this year, there has been a lot of hype, skepticism, cynicism, and confusion surrounding the concept of the metaverse.

For some, it has added to the confusion of an already elusive world of augmented reality and mixed reality. But for the well-initiated, the metaverse is a landmark moment in the extended reality world; a world approaching the ‘second life’ that many have long predicted.

News that some of the world’s top tech firms are rapidly developing AI supercomputers has further fueled that anticipation.

But what will the entry of supercomputers mean for the metaverse and virtual reality — and how can we manage it responsibly?

What Is Wrong With the Metaverse? This Will Happen To Us in The Metaverse by E.E Akanksha Sharma

Throughout history, we’ve constantly been moving towards more and more engaging mediums from text to photo to video and the metaverse is what comes next.

Facebook recently announced its renaming as “Meta” to align the company’s name to its aspirations of constructing the “metaverse” and Mark Zuckerberg set forth a bunch of new guiding values for the organization.

They are intended to assist with deciding and directing practices within the organization and to signal the buyers what’s in store while associating with the brand.

Mark and Meta set forth these three values to provide a doorway for themselves and us, into the metaverse: “move fast,” “build awesome things,” and “live in the future.”

In Mark Zuckerberg’s vision for the metaverse, people will find themselves in a virtual world controlled by VR and AR equipment and sophisticated body sensors. As a result, in a virtual world, individuals will get to do all that they do in reality, plus all the other things that they can’t. So, where’s the problem?

Metaverse statistics 2022: Key facts & market size data – by Jason Wise

Let’s look at the most important Metaverse statistics, market size data and facts for the year.

The Metaverse: Statistics and Facts The Metaverse is something you’ve probably heard of already – it’s all anybody seems to be talking about right now.

With a predicted market size of $800 billion by 2024, it’s slated to become the next new thing in technology.

The more you know about the Metaverse, the more you can be prepared – and from a marketing point of view, it can’t hurt either.

Let’s take a look at the most important Metaverse statistics, market size data and facts for 2022.

10 Reasons to Buy Metaverse Technology in 2022 by Rebekah Carter

Since Mark Zuckerberg of Meta (Formerly Facebook) announced his plan to build his company’s future in the “Metaverse”, interest in the topic has exploded.

Though still a relatively new concept to most, the Metaverse has the potential to become an $800 billion market in the next years. Currently, the idea is being touted as the next “huge” tech platform.

The metaverse is a technology landscape conceived to extend the dimensions of the physical world. More than just a VR or AR experience, the metaverse aims to create an embodied, immersive version of the internet, which allows us to leverage the full potential of our digital lives.

Since most of us already spend a significant portion of our lives online, the metaverse makes much sense for tech-savvy future generations.

However, it’s not just a novel concept for future consumers. The metaverse can also be a powerful opportunity for companies. Here are some of the reasons why you should invest in metaverse technology in 2022

Where the Metaverse and Digital Workplace MeetBy David Roe

Earlier this month, the computer manufacturer Lenovo took at look at attitudes toward the metaverse and how workers were responding to it. The goal was to determine if there is a workplace argument for investing in the technology and, if so, the use it would have.

Leaving aside questions as to what the metaverse is — or even if it actually exists, as suggested in a recent Washington Post article — the Lenovo survey of 7,500 working adults across the U.S., U.K., Brazil, Singapore, China and Japan in November 2021 shows nearly half (44 percent) of employees are prepared to work in the metaverse, compared to 20 percent who say they are unwilling to work with the technology, 21 percent who are neutral and 15 percent who are not sure.

While 44 percent think the metaverse will improve their work productivity, three in five (59 percent) question whether their employers are currently investing enough in IT to help them maximize their productivity.

These findings do not make for a resonating “yes” to the metaverse for work, but there appear to be enough workers prepared to use it to create considerable disruption. In fact, it would seem that, just as many enterprises are getting to grips with the digital workplace, the metaverse is poised to disrupt it. Is that the case?

The future of medical education: Metaverse

In the third year of medical school at Barts and the London School of Medicine and Dentistry, Queen Mary University of London, we enter clinical medicine where we learn and spend most of our time in hospital and general practice placements. After each placement we have a few weeks of teaching of important clinical concepts to enhance our professional knowledge, and sessions on soft skills like communication, empathy, and candour. After my first hospital placement at Homerton University Hospital Foundational Trust where I rotated in general medicine/rheumatology, surgery, and gastroenterology, I returned to medical school in the new year for three weeks of lectures and clinical sessions. One of the sessions that particularly attracted my attention and interest was the BartsXprogramme developed by the world-class surgeon Professor Shafi Ahmed @Shafiand and his team!

Although, I always had a drive towards the entrepreneurial side of things, I never imagined that a career as doctor could encompass such thing without leaving clinical practice altogether. Contrary to my beliefs, Professor Ahmed, is the embodiment of the career that I want to set myself in, a clinical-academic-entrepreneurial doctor that has no limits on what he can do. Professor Ahmed is such a big innovator who is always ahead of everyone else; this time he introduced the metaverse to Barts medical students as part of the BartsXprogramme, a programme aimed at third medical students who want to develop their entrepreneurial skills and learn more about the future of medicine like AI and VR. I had never thought of the metaverse from an educational point of view; I had only imagined the metaverse as a platform that can be utilised investments and trading. So, what happened?

The metaverse will shape the future of work. Here’s howby Maria Moraes Robinson

Although the term ‘metaverse’ was coined in 1992 by science fiction novelist Neal Stephenson, it has only just entered the mainstream lexicon after Facebook changed its name to Meta to reflect its strategic focus on making this sci fi vision a reality. Given that there is no singular definition of what a metaverse is, and there will be many competing metaverses transforming our experience of social media, electronic commerce and how we collaborate and transact online, it is important that leaders start to understand the profound ways in which this new technological paradigm is set to radically impact on the future of work.

Businesses rather employees work in office, not the metaverse by Aaron Raj

Most businesses around the world would ideally want to have their employees returning to work in the office. Yet, uncertainties caused by the COVID-19 pandemic are making it harder for businesses to plan exactly when they can have their employees back in the office.

Some businesses have already accepted the fact that remote and hybrid working models are the future of employment. And when it comes to remote work, it would most likely mean the employee is working from their homes specifically, not using a laptop on the beach sipping on cocktails.

Will employees return to work in the metaverse in 2022?

This has been a prime concern for some companies who feel employees are using remote work as a means to have a more relaxed working atmosphere. Unfortunately, there is nothing they can do about it as at most times, remote workers have proven to be more productive than employees at work.

A Bloomberg report stated that 55% of employees would consider quitting their job if they were requested to return back to office to work before they felt safe. Hence, hybrid working became the next best option in getting employees to work in office. However, just as businesses are starting to find their groove with hybrid working, concerns of unvaccinated employees became a problem as well.

Architecture in Metaverse for Retail and Brands

The metaverse – a collection of virtual 3D environments using Augmented Reality, Virtual Reality, and blockchain technology – has recently garnered serious attention from companies hoping to reap the benefits of early adoption. As brands turn their attention toward the metaverse, they will be challenged to translate their existing retail strategies to an entirely new shopping landscape. The pandemic accelerated the ongoing shift from brick-and-mortar to ecommerce, but the onset of the metaverse requires an even more dramatic transition for small and large businesses alike.

While ecommerce has traditionally been dominated by the big players, the novelty of the metaverse means small businesses have a much better chance of establishing a sizeable foothold of their own. As the next stage of ecommerce, virtual storefronts in the metaverse will soon become a necessity for brands of all shapes and sizes. QReal is positioned to help both major corporations and small businesses construct, design, and populate their retail presence in the metaverse.

Businesses Everywhere are Preparing for the Metaverse: Are you Ready? by Aaron Drapkin

Walmart and other businesses are looking into cryptocurrencies, NFTs & virtual land; but will everyone else join them?

News broke this week that Walmart is taking its first steps to prepare for the impending move to the metaverse – including creating its own NFTs and other assets secured by blockchain technology.

The US retail corporation is the latest in a string of organizations looking to get ahead of the curve as Facebook, Microsoft and a host of gaming companies lay the first foundations of a new reality.

The idea has only really been taken seriously in the last six months, however, but with an increasing number of companies getting involved, others are wondering whether they need to act now in order to avoid being left behind.

This is how the metaverse might be monetized

If the metaverse is less of a product and more of a framework for human interaction, it is practical to look at metaverse monetization

Experts believe the metaverse will signify the next step in our digital evolution, bringing new risks and opportunities alongside new soft- and hardware.

Experiences instead of technology will play a huge role in how we understand the metaverse and what business models can be created within it.

But doing business in the metaverse won’t be simple – questions of how to regulate it are already arising today.

When Meta Platforms announced its rebranding and repositioning towards the metaverse, in October 2021, the reaction in the business community was confusing. Interest in ‘metaverse’ – a term limited to tech circles for the best part of the year – exploded, with executives at dating companies, cryptocurrency exchanges and a professional wrestling brand among the many claiming to be building the metaverse, have a strategy for engaging with it – or, in some cases, both.

Given that the metaverse is still mostly conceptual, this is forgivable, but the lack of clarity is also illuminating. First, because it tells us something about what metaverse evangelists think it represents. To this group, the belief that the metaverse will become a significant part of the world economy – transforming business and social life on a level comparable to the internet – is only strengthened by the diverse range of companies rushing to be part of the clamour.

Additional Resources

  • What Is a Metaverse?
  • The State of the Metaverse 2022 | Challenges & Opportunities.
  • Without standards, there is no metaverse.
  • Technology Predictions 2022: Metaverse – Next generation remote presence.,using%20proxies%20that%20operate%20in%20the%20physical%20space.
  • How metaverse can impact L&D?
  • How To Build A Career In Metaverse?
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