How Web3 is Reshaping Education in the Metaverse

The world has seen a drastic change in various sectors during the pandemic. Not only have entrepreneurs changed their business ways, but students also changed their learning patterns.

Talking about education, learners gained access to internet-enabled sophisticated gadgets to learn from home online without any need to leave home. These gadgets actually brought their school at home, didn't they? You all agree with this notion to much extent as every home has witnessed this. Of course, this process has smoothened up the learning process as children were learning under the supervision of their parents.

Technology supported education a lot during that tough phase, and now, it is again lending a helping hand in making education easier, more interesting, and more interactive.

The upcoming Web3 education platform is ready to transform the education system with its unique model. This platform has the potential to change the way students learn through the latest technology like AI/ML, AR/VR, blockchain, and the metaverse. Education in Metaverse is the new norm in the industry which is not confined to the walls of schools.

Let’s have a look at some key statistics about Metaverse:

• The metaverse is expected to grow yearly by approximately 13.1%.
• Talking about metaverse adoption, 30% of the firms will provide services in the metaverse, and 25% of individuals will spend at least an hour in the metaverse by 2026.
• In 2020, the metaverse market was $478.7 billion worth and is expected to reach $800 billion by 2024.

All these mind-boggling statistics are enough to understand the metaverse trend in the coming years.

Let’s move further…

What does Metaverse mean for education?

The metaverse, a 3D virtual world, is the exact replica of our real world where users can stay by opting for any avatar. An avatar is created to visit all these places, which is different for every person. In addition to this, one can also own assets in the virtual world in the form of NFTs (Non-Fungible Tokens).

When education meets the metaverse, just imagine how things can change drastically. A teacher can show presence in 2 worlds, i.e., the physical and virtual worlds. To study in the digital world, a tutor and student need to choose an avatar to go to virtual space. It gives freedom to learn from anywhere, saves lots of funds, and reduces environmental impact. There is no doubt that the metaverse opens lots of opportunities.

Detailing the learning process a bit, learners would enter the metaverse with a motive of learning and earning.

Yes! It's a learn-to-earn model where students will have NFT credentials and get rewards on learning that can be exchanged with cryptocurrency. In this way, it will attract a huge customer base.

Earn while Learn Model

Learning to earn is the basic fundamental behind metaverse education. With this model, the education industry can experience a sea change. Students will stay focused and motivated throughout the learning when they come to know that they would be paid to learn, not need to pay for learning. Earning while you learn is possible with the combination of the GameFi model and online learning apps.

Similar to play to earn, learn to earn also revolves around owning in-house learning assets which are in the form of NFTs. These NFTs can be used for getting rewards and can also be traded further for more profits. Rewards, in the form of tokens, are replaceable with fiat currency.

How is Metaverse Transforming Education?

1. Cloud-based classrooms

Virtual classrooms have already gained attention during lockdown through platforms like Virbela and Mozilla Hubs. These platforms enable learners to log in from anywhere and tutors can customize their online classrooms as required. One such example is Roblox which offers an amazing learning experience in the virtual world.

2. Augmented reality (AR)

Metaverse is based on Augmented reality that is used to create digital overlays on top of physical-world objects. With this technology, students can easily engage with the virtual world to better understand the topic. Froggipedia is one such example of AR technology where students can study the internal organs of frogs without the need for dissection.

3. Virtual reality (VR)

VR offers an immersive learning experience to learners. It works on the principle of “learn by doing”, which is very effective in memorizing the concepts at heart. VR also provides amazing school field trips in Metaverse with the usage of VR headsets where students can travel the whole world.

What does Web3 hold for education in the future?

This interesting model of earning while learning may provide a mix of emotions. Some may feel scared, while others feel excited.

Well, there is nothing to be scared of. Education is in the right hands with web3. The emerging blockchain technology and metaverse offer a personalized learning experience. Students can acquire knowledge from diverse resources all around the world and have full control over their learning process. This means they can enter the metaverse anytime they want to learn. Web3 is opening many doors to Education in Metaverse to make it more convenient, persuasive, and empowering.

Let’s have a look at how metaverse is going to revolutionize the education industry in the coming future.

• Teaching transformations – When technology gets involved in any task, efficiency doubles. Similarly, using various tools in the metaverse, educators can create interesting and challenging tasks that students will love to engage with. Metaverse allows one-on-one sessions between teachers and students.

• Learning – Through Metaverse, classes run more smoothly and efficiently. With a connection to the internet, students can study anytime and anywhere.

• Cost-cutting – Metaverse education does not require physical buildings and land, it just requires an Internet connection and a few types of equipment, and a learner is ready to learn. This is how it reduces costs.

• Smart queries – It will offer personalized search results to users for their queries. In this manner, nuisance would be at bay, and efficiency would rise.

• Personal learning network – Learning agents will share relevant information with learners as per their search volumes.

• Personal academic administration – Web3 enable students to choose the college in their wish to pursue their education.

  
  

Benefits of Developing Metaverse Platform for Education

Metaverse transforming education! This is a 100% true statement. Metaverse is spreading in each and every sector. The education sector is no exception. With the arrival of the metaverse in education, entrepreneurs and users will experience abundant benefits.

• Enhanced communication

The 3D environment the metaverse provides is the major point behind the innovative and interactive communication between the users. Innovative communication is the first advantage of the metaverse.

• Real-time experience

Metaverse benefits the users by offering a real-time experience through visualization. Users can experience the environment by sitting in one place.

• Increased ROI

Entrepreneurs are not left behind in experiencing higher returns on investment. Metaverse has unique features that attract users and increase its customer base.

• No physical presence

Metaverse does not require the physical presence of individuals because they enter the virtual world through avatars.

• No limitations

In the metaverse, it incorporates without any limitations or borders. Users can freely walk into the virtual world with a few gadgets.

• Immersive environment

The immersive environment of the metaverse attracts a number of users towards itself, and it leads to the rise of metaverse popularity.

Applications of Metaverse in Education

• Digital learning

Smart classes made learning interesting and interactive. A cherry on the cake is the Metaverse that makes these classes smarter, assisting learners with practical experiments.

• Virtual 3D classes

The arrival of online classes has created a gap between physical classrooms and virtual classes. To bridge this gap, metaverse comes forward with 3D virtual classes where students can meet virtually and interact with each other.

• Virtual campus activities

Through Metaverse, pupils can participate in extra-curricular activities such as painting, arts, sports, etc., in a virtual setup. It is also possible with Metaverse to have a virtual campus tour by sitting in any corner of the world.

• Interdisciplinary learning

Metaverse promotes interdisciplinary learning by breaking down barriers between subjects and enabling teachers to offer engaging and holistic learning experiences with real-life applications.

• Creating simulating real-life situations

Metaverse can replicate real-life scenarios and situations, enabling tutors and pupils to conduct scientific experiments, showcase prototypes, or create any documentary video.

• Bringing awareness

Metaverse enhances the awareness among children about various social issues like pollution, climate change, deforestation, etc. When such issues are discussed via metaverse, it will leave a long-lasting impression on students’ minds.

• Virtual tours

Metaverse opens up the possibility of traveling to any place virtually. Suppose the school wants to provide a historical tour to children; they can take them to any historical place in the metaverse within a few minutes.

• Events and people

Through Metaverse, many school events or exhibitions can be organized where prominent figures can be welcomed. Children, teachers, and others can all become part of these events without any distance barriers.

What services are included in metaverse development?

1. Metaverse app development

Experts understand the requirements of the clients and build metaverse apps for various sectors like education, games, social communication, etc.

2. Metaverse development consulting

Excellent consulting services require analyzing the client's business requirements, followed by idea discovery, risk analysis, and growth strategy. Knowing all these, a roadmap is created to convert your dream into reality.

3. Metaverse integration services

The professional team provides customized solutions to the metaverse platform by integrating the features to improve the working and efficiency of the metaverse ecosystem.

4. Metaverse 3D Avatar development

The highly creative team of any firm develops mindblowing 3D avatars for various industries, including education. These digital avatars will lift up the popularity of the metaverse project by making it more interactive.

5. Metaverse 3D space development

Some renowned companies assist in building multiple 3D spaces for metaverse projects, including 3D modeling, visualization, etc.

Process for the Metaverse development platform

Each Metaverse development agency follows a strategic approach throughout the development cycle. The metaverse developers provide streamlined services to integrate the business into the virtual world. They work on the idea, transform it into a metaverse, and market the business thoroughly. The development process is as follows:

1. Requirement analysis

First and foremost, the project requirements are analyzed by knowing the client's expectations, what they want, including features, and the project's deadline. This is followed by thorough research about the project, like competitor lists, tools, and technologies to be used, gathering information from varied sources, and assigning the project team, among many other things. Each and every deliverable is tracked to ensure everything is properly aligned.

2. Design & Development

Designers work on the project with the main motive of making the platform as appealing as possible. The attractive design of the metaverse platform act as a building block in the successful development phase. It includes in-house assets, UX/UI, algorithms, 3D content, etc. When everything gets finalized, the work of developers begins. They start with the coding as per the requirements.

3. Testing

Testers test the metaverse platform post-development to find any errors or issues. The platform undergoes vigorous testing, and all the issues would be obliterated in this phase to validate the project’s value, improve the conversion rate, and optimize the learning process.

4. Deployment

After testing, the metaverse platform is ready to be deployed on the preferred network. Sometimes, it is accompanied by Maintenance & Improvement Plan describing deployment risks, corrective measures, and mitigation strategies. Some companies also provide post-deployment services and stay connected to resolve issues or upgrade the system.

Major companies adopting metaverse in education

Education in Metaverse has been adopted by numerous prestigious firms named below:

• Microsoft
• Roblox
• Luca & Friends
• Metaverse Group
• The University of Miami
• The University of Nevada
• Tomorrow’s Education and many more

What is the cost of developing a metaverse platform?

The cost to develop a metaverse project depends upon numerous factors, such as the complexity of the platform, the tech stack used, the number of features, the number of developers and other team members, the number of hours, and many more.

To get an estimate about the metaverse project, you can connect with various metaverse development companies, who will listen to your business needs and develop a cost estimation to give you some idea of the cost.

Conclusion

Entering into the metaverse would be a win-win situation. Empower your business in the metaverse by hiring some top-notch service providers who have already delivered brilliant solutions to numerous clients.