Metaverse is a term that has recently been echoed and talked about by many people. One thing that has attracted attention is when there is a lot of talk that says Indonesia will run a metaverse in the next few years. So, what is the Metaverse and why does Indonesia need to implement it?
In this article, you will find out the meaning and various other important things related to this world.
Definition of Metaverse
Metaverse is a new buzzword that describes the imagination for the technology industry in such a way that it is able to become one of the internet platforms that introduces future ideas. Mark Zuckerberg, who is the CEO of Facebook, recently announced the change of Facebook’s name to Meta Platforms Inc or Meta for short.
This 37-year-old man talks about how Facebook will transition effectively and people will see Facebook as a metaverse social media company, i.e. “real world” or digital reality that combines various aspects such as online games, social media, virtual reality (VR). , augmented reality (AR), to the use of cryptocurrencies. With these various aspects, users can interact with each other virtually.
Metaverse itself is actually not a new term, the use of this term first appeared in the novel “Snow Crash” in 1992 by the author, Neal Stephensorn. In this novel, humans as avatars can interact with each other as well as with software agents in a three-dimensional virtual space. Neal Stephensorn uses this term to describe a cyber-based successor to the internet.
According to wikipedia, the metaverse is a part of the internet which is a visual reality so that it is made as close as possible to the real world. However, until now it does not have a universally accepted understanding.
The following are some definitions of metaverse from experts:
- Peter Warma, CEO of Newzoo, said that the world is a place where people can be creators, fans and players at the same time.
- Tim Sweeney, CEP Epic Games, this world is a 3D social media that can be accessed in realtime. It allows people to create and share content in a virtual world
How Metaverse Works
How does metaverse work? How to access and enjoy various services in the metaverse? As mentioned earlier, the metaverse is a virtual world that resembles the real world. When you enter this world, there are various elements of life that make it even more exciting and real.
All of this can be realized because of the use of sophisticated technology, including an increasingly complex and fast internet network. The use of the internet network is very important because the metaverse world uses it as the main access. The way it works is supported by various devices such as headphones and VR or AR glasses. It is because this is an AR and 3-dimensional world that this device has become a must.
How to interact in it?
- First, you have to choose what platform you want. In general there are two types of metaverse namely build environment which allows you to build environment from 0.
- The second type is the online game metaverse which has the same principle as the metaverse.
- After selecting, make sure you have a capable device and download metaverse. Register then login to run a real virtual life.
- In this world, you can also make transactions using the crypto metaverse to buy various necessities.
- Metaverse coins and cryptos available include Ether, MANA, SAND, and AXS.
Cuan’s Opportunity in the Metaverse World
The world is getting more and more famous because with this technology various activities can be done virtually including making, selling, and holding concerts. With the metaverse platform, anyone can make transactions digitally and even get higher profits.
What are the opportunities that can provide great benefits from the presence of this metaverse? The following is a profit/cash opportunity from the presence of this world.
NFT Art
The first opportunity comes from NFT art which is now also getting more and more famous in cyberspace. By using metaverse NFT, artwork can now be digitally transformed and earn even greater profits. You need to create something unique and valuable in order to attract the attention of creators.
In the metaverse, there is a virtual gallery marketplace that will display various digital artworks. Once you’ve also featured art and are connected to a digital wallet, then all you have to do is wait for a buyer. You can also continue to promote NFT Art. Here, buyers can directly buy the work they want easily.
Reporting from Wallet Squirrel, there is an artwork called Bored Ape NFT which is sold for 50 USD or around Rp. 715,000. In one year, the number of sales from this NFT even reached 18 million USD. Of course, with this fact more and more people are willing to sell their art digitally.
Voxel
Voxel is a 3-dimensional digital work that is able to generate money in the metaverse world. This digital work is a cube cell that can be formed into various shapes with dimensions of length, width, and height.
You can see and rotate the other side of the object so that it looks more detailed. One application of Voxel to game graphics is Minecraft. In one of the Metaverse projects is Sandbox, there is a VoxEdit facility that allows you to generate Voxels. Then, Voxel can be sold to the market and make a profit.
In general, you can find voxels in clothes, buildings, cars, and various other items in this world. These forms can be sold on Metaverse in various forms, one of which is NFT.
Construction
Just like the real world, there are various constructions and buildings that are also offered in the metaverse. With the rapid development of technology, many people are “building” their homes in the metaverse world.
Construction in digital form will be increasingly in demand by many people if the world is growing. As the metaverse continues to grow, city building becomes very important to make the metaverse grow.
The increasing demand for virtual construction has occurred and has provided benefits for several parties. One of them is Voxel Architects which currently provides virtual construction. To date, the company has managed to make a profit of around USD 300,000 or equivalent to Rp. 4.2 billion.
Real Estate
Still related to construction, real estate is something that can provide huge opportunities in the metaverse. Examples of real estate are houses, housing, condohousing clusters, office buildings, factories, shops to undeveloped land.
Apparently, many people have started to look at virtual real estate as an investment. In fact, the price of virtual land is not cheap and has a price of hundreds of thousands of dollars. In order to maintain this virtual land has value, the supply of assets is limited so that there is a scarcity value. This is what makes the price of virtual land increasingly expensive.
In November 2022, Metaverse Group purchased plots of land in Decentraland for a total value of 2.4 million USD for a total of 116 plots.
Advertisement
Advertising is a very common thing in the real world to promote various business products and brands. This serves to enhance the brand awareness business and increase product sales.
In this world, advertising has also become a commodity that has the opportunity to generate revenue and various products can be promoted to users of the metaverse world. Of course, this is an innovative new way for the world’s big companies.
One of the companies that have displayed their ads in the metaverse is the world famous shoe brand, Nike. Nike competitor Adidas also has plans to advertise on the Metaverse and has announced a partnership with SandBox. However, further details regarding the Adidas ad have not been disclosed to the public.
Finally, another world luxury fashion company, Guxxi, also creates advertisements in this world by creating a project called Roblox. Here, you can take a virtual tour to get to know Gucci more deeply.
Games
Do you like playing games and want to earn money from this hobby? If so, you can play various metaverse games that are fun and of course profitable.
One of the metaverse games is Sandbox which allows its users to earn SAND and NFT crypto tokens. This game allows the players to build buildings, cities and create their own avatar. The various items you collect can be sold in NFT form to other players who want them.
Another game option is Oasis – Start Your Second Life which is an interactive game and allows you to explore the game world. You can also interact with other players around the world. Players also have the freedom to create various items and sell them for profit.
Karaoke
This world is created by following the needs of people in the real world, including entertainment. One type of entertainment that does have a lot of fans is Karaoke. Apparently, in this world you can also do karaoke virtually. You can build your own karaoke bar and you can sell music for NFT.
Besides karaoke, it turns out that metaverse also allows artists to do metaverse. One of the world’s singers who has performed a concert in the metaverse is Justin Bieber on November 18, 2022.
Fashion
Everyone certainly needs clothes according to each person’s fashion style. In this world, you can also choose the fashion to apply to your avatar. In this world, you can interact with other people by meeting their avatar. Of course, appearance becomes very important and makes it seem real.
You can choose various interesting outfits and buy them. In fact, world-renowned fashion companies such as Gucci, Louis Vuitton, Zara, and Adidas also participate in providing fashion. How, are you interested in entering this world? With a fairly mature concept, not a few people say that this world will be popular in the next few years.
By using the virtual world, you can do various activities online and earn profits. If you’re interested, keep learning about this concept of the metaverse world and take advantage of every cash opportunity that comes your way.
