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Metaverse Market: What Does the Future Hold?

With news of Mark Zuckerberg opening a virtual clothing store hitting the net, it makes us wonder what might be next for the Facebook giant? It’s obvious that the Facebook creator has big ambitions for the project, but what does that mean for the rest of the world? Especially considering the condition the market has been in for the past few months, it might be worth talking about how we expect the Metaverse to shake things up in the world. Chances are, it will be the cause for a lot of changes, stock market or otherwise, in the near future.

Here’s how we expect the Metaverse to shape the future.

Canon EF 70-200 mm F/4 L USM – Xbox 360 Wired Controller” by włodi is licensed under CC BY-SA 2.0.

Gaming Changes the World Over

Online gambling is a giant market with countless sites all vying for a piece of the pie. Currently, the state of iGaming revolves around building up a solid list of titles, offering promos for those games, and then putting new spins on old concepts, while offering all that at a better price than your competitor. Referrals like TheScore promo code help providers to build a player base by giving interested parties a little something extra. Players get all the information and tools they need to make an account while also getting a little something extra with their next game. From there they can try the product and potentially find a game that really resonates with them.

If the Metaverse comes in and makes waves, we should fully expect this same concept of getting players interested, bringing them to a website and introducing them to fun games to be taken to the next level with virtual reality – a concept that already highly intrigues people.

This would slowly shift players to a Metaverse gaming scene that would require players to invest in virtual reality hardware. That shift would start small but build up to some powerful VR companies making a name for themselves in the market. This would then encourage gaming sites to partner with these companies. Any sites that didn’t would be at a stark disadvantage after the Metaverse gained a foothold.

Metaverse Market: What Does the Future Hold?

Mark Zuckerberg” by Alessio Jacona is licensed under CC BY-SA 2.0.

Facebook 2.0

Without the overwhelming success of Facebook, we might not even be having this conversation right now. While the juggernaut has had steady success, it’s safe to say the Metaverse is looking to launch Facebook to new heights. A small synopsis of the Metaverse boils the aim of the technology down to making all virtual worlds interconnected. That means chat rooms, video games, videos, sports, and just about anything else Facebook can broadcast will be made available in the Metaverse with a fresh coat of VR paint.

All of these worlds will then be intertwined and can be switched between seamlessly. In essence, this creates a newer, more convenient form of technology that can be experienced as if it were real life. If that’s not a big step, it’s hard to say what was.

File:16mm film reel (6498649123).jpg” by DRs Kulturarvsprojekt from Copenhagen, Danmark is licensed under CC BY-SA 2.0.

Media Partnerships

If video games and sports will be impacted, we’re sure television and film will also feel the effects of the Metaverse. Seeing how successful Netflix has been, what’s stopping the Metaverse from starting their own streaming service that specializes in VR video technology? VR technology is already making its mark on film with short films shot in virtual reality. Those films were even presented at Cannes in 2016. If the Metaverse takes that technology and gives customers their of VR streaming service with reputable studios helming the projects, there’s no telling what that could do to the film and television industry.

And although much of this is speculative, the technology is big enough to change just about anything. If the clothing industry could be changed from the Metaverse, anything is fair game. We’ll just have to see if Zuckerberg delivers on his big promises.

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