The concept of the Metaverse is nothing new. This virtual world parallels real life, and it will likely be the first place people can buy and sell tradable digital assets and real estate. It is expected that a digital neighborhood or park will pop up within a single virtual world. The idea is so far just an idea, but many believe that the concept will soon take off. In the meantime, Facebook is planning to create 10,000 new high-skill jobs in the EU in 2021. In the next few years, the company plans to rebrand and change its name.
While the game industry largely remains unconvinced of its future, the idea of building a virtual world for the metaverse is an interesting one. Not only will it give players a new way to interact with the real world, but it could also be a new avenue for companies to create unique experiences. In addition to Facebook, developers are developing photorealistic digital humans to use in their games. With this, people will be able to customize their own digital doppelgängers in future open-world games.
As the digital world continues to evolve, so will its business models. A few years ago, the idea of a single destination ruled the day. But as time passes, the concept of a global virtual world became more feasible. And as technology progressed, the concept of a metaverse became more prevalent and a booming industry emerged. By the year 2022, it was estimated that nearly a billion people will be able to buy virtual real estate, with the possibility of making millions.