5 sectors where Metaverse technology is widely used
Metaverse isn’t just for kids and gamers. With the new developments announced every day, this area, which is included in our lives more and more, is growing. We have brought together 5 sectors where Metaverse technology is actively used for you .
Here are the details… Although always associated with games and the online world, Metaverse technology has many interesting uses in business sectors. It is known that some of them are already attracting significant attention from companies.
Metaverse isn’t just for kids and gamers. With the new developments announced every day, this area, which is included in our lives more and more, is growing. We have brought together 5 sectors where Metaverse technology is actively used for you .
Here are the details… Although always associated with games and the online world, Metaverse technology has many interesting uses in business sectors. It is known that some of them are already attracting significant attention from companies.
Although it seems like it’s literally child’s play and focused solely on entertainment, Metaverse is estimated to have a volume of $800 billion . The main advantage of Metaverse across industries is the opportunity for users to interact efficiently and effectively, not only with the company, but also with each other in a customized digital environment. The adoption of this technology offers companies new ways to connect with customers and create immersive experiences for them. And because of the advanced technology required to implement this technology, IT professionals play a key role in their successful adoption and potential return on investment. Listed below are 10 industrial sectors that are currently or soon using the metaverse.
Industries where Metaverse is common
2.Retail
The term “Metaverse” doesn’t come from Meta, but the tech giant is the company most associated with the concept. The company highlighted the potential of this technology for retail in its much-discussed October video, opening a real store to sell the VR headsets needed to access most of the technology. Many brands have already joined the field for retail, and there is growing evidence that 3D and augmented/virtual reality can aid marketing.
2.Virtual meetings and events
With innovations like Apple’s head-mounted display that combines physical hand and arm movements to help users be more present in virtual meetings, Metaverse offers new ways to interact. Roblox has gained attention by hosting virtual concerts from artists like Lil Nas X at the start of the COVID-19 pandemic, and Disney CEO Bob Chapek has made the space a strategic priority.
3.Real Estate
It may be contradictory, but real estate is thriving in the Metaverse world. Companies like Decentraland sell “land,” aka virtual spaces, which can be used to build a virtual hub or create an online experience for employees or customers. Metaverse technology offers potential for real estate agents who have traditionally worked with remote sellers. For example, people can create a VR home they want to buy or rent nationwide, or quickly test potential paint colors in those areas.
4.Software development
Of course, all these new technologies will require the skills of software developers to create and maintain them. However, as with physical engineering projects, the metaverse offers exciting opportunities for software engineers for virtual collaboration and testing. For example, Unity Software provides real-time 3D software development through augmented or virtual reality, giving companies the opportunity to create Metaverse software in a virtual environment. As many tech companies move to remote or hybrid ways of working, it may be more appealing to leverage Metaverse technology to expand a wider range of operations management capabilities.
5.Game
Actually, the concepts of Metaverse and gaming are not a new duo. Second Life took an interest in the field nearly a decade ago and still has a strong community for it. And games like Minecraft, Roblox, and Fortnite for kids and adults alike are constantly using Metaverse technology. Looking to the future, we can see that games are mostly working on the Metaverse, as it is a very attractive opportunity for people.
