Metaverse: Real-life Applications in 2022
Metaverse is the next iteration of digital society, it creates an unique opportunity to reach out new audience, provides innovative ways to interact with emerging technologies. Its market size will be worth $678.8 billion by 2030 as per a report published in Bloomberg. (Source: https://bloom.bg/3JWGUoF)
Gartner predicts 25% of people will spend at least one hour per day in this platform by 2026. (Source: https://gtnr.it/36e333I)
Ingredients of Metaverse: Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), Blockchain, Cryptocurrency, NFTs, IoT, 3D Computing, Mixed reality headsets and AR glasses etc.
1. Gaming Industry
Metaverse will power the future of gaming industry. Augmented Reality(AR) and Virtual Reality (VR) will create a more organic experience for the players.
Sandbox is a virtual world where players can build, own, and monetize their gaming experiences in the Ethereum Blockchain https://bit.ly/36fNBnT
2. EdTech
Shift from traditional teaching approaches to learning concepts through Virtual Reality(VR) and 3D visualization. Metaverse could transform education sector with classroom in the Cloud.
MetaVRse releases a 3D web interactive virtual showroom/classroom and HBAR foundation supports MetaVRse with grant to support growth of the Metaverse https://bit.ly/3rtgO5Y
3. Banking
Metaverse could forever change banking industry with experiences like customers walking into virtual branches and interacting with tailored content and services.
JPMorgan becomes first bank in Metaverse, opens lounge in Decentraland https://bit.ly/38FWEz9
HSBC launches Metaverse fund for Asia Private Banking Clients https://bit.ly/3xupGvW
4. Healthcare
Augmented Reality (AR) to improve the precision, speed of surgical procedures & empowering the skills and knowledge base of doctors and medical staff.
Indian fitness platform GOQii snaps up $10M to develop its health Metaverse https://bit.ly/37R01mH
HCG welcomes Metaverse, ‘remote assist’ to perform surgeries https://bit.ly/3xueQGr
5. Real Estate
Virtual Reality(VR) to provide immersive virtual tours of the real estate properties to clients. Metaverse real estate has sparked virtual ‘Land Boom’.
Daler Mehndi buys virtual real estate in Metaverse, names it ‘Balle Balle Land’ https://bit.ly/3OofxHs
6. Manufacturing
Augmented Reality (AR) and Virtual Reality(VR) to help create new prototypes, designs faster, simulate risky circumstance to educate customers on the safety precautions.
How Ford is using Augmentative & Virtual Reality https://bit.ly/3Ehmsxx
Acura rolls into Metaverse with NFT, first virtual showroom https://bit.ly/3uHzd0Y
7. Fashion
Exclusive virtual collections getting sold on virtual boutiques using NFTs, fashion weeks and virtual events hosted on Metaverse.
Will Gucci’s Digital Bag Disrupt Luxury? https://bit.ly/36e4C1A
8. Shopping
Virtual shopping offers the possibility of becoming the owner of the purchased product or service in the real world.
Nike Creates NIKELAND on Roblox https://swoo.sh/3uGNV8C
About the Author :
Mr. Sachchidanand Singh is Advanced Analytics, BI and Data Science SME at Kyndryl (an IBM Spinoff). He is M.Tech from Birla Institute of Technology and Science (BITS), Pilani. He has authored more than a dozen technical research papers in IEEE, international computer journals, and national/international conferences.
He holds several Patents in Artificial Intelligence, Machine Learning, Cloud, and Cognitive domain. Having rich experience in architecture design and solution implementation with technologies like Advanced Analytics and Business Intelligence (BI). He is an IEEE reviewer, Technical Program Committee (TPC) member of various national/international conferences, and review board members of the American Journal of Computer Science and Information Engineering, USA.
He can be contacted at :
Mobile : +91 – 79726 81804
E-mail : [email protected]
LinkedIn : sachchidanand-singh-67908018/
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