Effects of Metaverse on Society

Introduction

The metaverse will completely change the way we interact with the world. The global pandemic and subsequent lockdowns also left a major impact on life, as we had known it. Ironically, it also gave a huge push to the metaverse, as more people embraced the idea of living indoors and connecting only virtually.

So, What is Metaverse?

Metaverse is meant to be a 3-dimensional world where individuals can interact with each other in a more futuristic way. It is essentially a 3D platform with enhanced features that use the help of Virtual Reality (VR) and Augmented Reality (AR) technologies to create a more authentic experience. From social media to professional setups, metaverse shows immense promise.

However, Metaverse, due to its very nature promotes isolation and a disconnect from the real world. This is one reason why the metaverse has raised many concerns for the future of society. So, let’s analyse metaverse’s impact and what the world with metaverse would look like.

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Metaverse’s potential impact on different variables

Metaverse has several impacts. Following are the specific areas where Metaverse is bound to have an effect:

Education

Immersive learning, which is a part of academics or corporate training, can leave a more lasting impact on individuals, making concepts clearer and more practical.

The impact of the metaverse on practical learning will involve experiencing the process as part of the training, making education a more holistic and expansive affair.

Shopping

Imagine being able to see what a piece of furniture looks like in your room before purchasing it? Or how a dress suits you without having to try it on? Or even for that matter ordering groceries online but walking through a virtual store to choose the items you want?. 

Sounds exciting. Well, efforts are already on in the eCommerce sector to create an integrated augmented reality that makes the shopping experience more personal. Metaverse’s impact will only take it further, taking multiple products under its wing.

Travel

Do you find travelling too expensive? Similarly, do you find very little time to travel physically? Metaverse can fix it all for you. The impact of metaverse on travel is by far the most sought after experience by individuals. Going beyond just viewing pictures of the places we desire to be in, metaverse will help us experience an environment as if we are present there… living every moment.

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Negative effects of the Metaverse on society

Although there are some positive impacts of Metaverse, there are also certain limitations. Some of them are as follows:

Privacy

As most of our personal and professional lives are spent online, our data has gradually become a commodity for many marketing companies. The advent of intrusive technologies has already raised our privacy concerns. Now the larger question is: how will metaverse control someone’s privacy.

A barrier of entry and censors for minors:

 It may be extremely difficult to keep children away from this futuristic tech. Therefore, it becomes imperative to protect the children from the harmful impact of the metaverse.

Disconnect from the real world: 

While metaverse could make you experience any environment, the disconnect from the real world could seriously impact our mental health. Zoom fatigue was a concern when individuals spent too much time on virtual meetings. The same could be seen in a more aggressive form with a whole virtual world.

Accessibility: 

Not everyone may be able to afford the tech to experience metaverse since it does use pretty high-level equipment for an ultimate VR experience. The metaverse may directly impact and increase the socio-economic disparity. 

Virtual crime:

 Most recently, the virtual worlds were in the news when a group of male virtual avatars molested a woman’s virtual avatar. This falls in a very grey area with the current criminal regulations. It raises a serious question about whether virtual crime is an actual crime? People often use social media to create fake identities as well. Even in the metaverse, this problem is bound to prevail.

Parting thoughts..

Although the metaverse makes us step into a revolutionary future,  however as individuals we must be mindful enough. In fact, we need to ensure that we create a safe environment for everyone. Though the actual impact of the metaverse will take years to evolve fully, however, sufficed to say that it is definitely the next big thing to pay attention to.

Meanwhile, stay tuned to ZebPay and get aligned to everything related to blockchain technology, crypto, Web 3 and metaverse! Stay ahead of the metaverse curve and start investing in what could be the most popular currency in the metaverse – crypto. So, start your trading journey on ZebPay today!

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