The Metaverse and the Ways it Can Affect the Gaming Industry

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Recently the metaverse has been a trending topic, especially with both Microsoft and Facebook laying claims. But the term Metaverse was first introduced by Neal Stephenson, the author of a science fiction novel called “Snow Crash,” in 1992. In the book, the author envisioned Avatars who meet up in realistic three-dimensional structures and other virtual reality (VR) surroundings. Since then, several works have been done to actualize a real metaverse. A virtual world that integrates augmented reality (AR), virtual reality, three-dimensional holographic avatars, video and other forms of communication. Some of those works include Facebook Meta. In October 2021, Mark Zuckerberg, the CEO of Facebook, introduced Meta. He said the brand brings together their technologies and app under one firm. He further added that Meta's goal is to bring the metaverse to life and assist people in finding communities, connecting and growing businesses.

How the Metaverse will affect the Entire Gaming Industry​

Metaverse is a combination of many technological elements, which include:
  • Virtual reality
  • Augmented reality
  • Video where its users “live” within a virtual landscape.

Promoters of this technology envision a virtual world where people work, play and stay connected with friends, attend concerts and conferences, and even embark on a digital trip across the globe. The effect of the Meta-verse is also felt in the film industry. There are a lot of films whose plots revolve around metaverse technology. Some popular metaverse includes:

The impact of Metaverse will also affect the entire gaming industry positively. This is because this technology will give players and spectators a first-hand viewing experience. It means that players will have the actual feeling of gaming from the first-person point of view. Also, integrating NFTs and several collectables in the Metaverse will allow users to support and interact with their favourite players.

AR and VR Are about to Skyrocket​

The giant technology companies are adopting Meta-verse. Many of them are investing in AR and VR technology in anticipation of its growth. And a lot of Metaverse based blockchain platforms are working tirelessly on AR and VR technologies that'll let their users interact fully in the space. In fact, a report from PwC forecasts shows that VR and AR technologies will give a $1.5 trillion increase to the world economy by 2030, compared with the $46.5 billion delivered in 2019. With these, we can comfortably say that metaverse will push AR & VR technology forward.

The iGaming Industry & Casinos​

If you have ever visited a brick-and-mortar casino, you've probably seen the flashing lights, the high ceilings, and several players milling around itching to play and win. That’s actually the type of experience the Metaverse offers online gamblers. When the internet was newly introduced, virtual casinos were the next big thing—a way for punters to gamble without living in their homes. But as technology advanced, live dealer games, like the ones found on live platincasino uk, upped the game on realistic virtual betting. Once Metaverse online casinos start, which we’re pretty sure that it'll, you will be able to stake bets in real-time, interact with other players, and even buy goods from the casino with your winnings.

Conclusion​

The Metaverse technology will take the gaming experience people love and make it available anywhere and anytime with just an Internet connection. The big technology companies are already working hard to actualize this goal. And within a short period, we will surely see a platform where we can play games, gamble online, and interact with friends. Mark Zuckerberg, CEO of Facebook, proposed that the technology will be a collaborative work, with several technology firms. And there are also thousands of users who crave to be part of such a significant project. In the end, there is no doubt that the Metaverse will change affect the gaming industry in so many ways.
 
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