Recently, Metaverse has been mentioned a lot with flowery phrases and the belief that it is the future of the Internet and a new breakthrough in the technology industry. However, there are many opinions that it is just a temporary trend with unclear definitions, there are many barriers to making it possible.
So Metaverse is the trend of the future or a fad?
What is Metaverse?
The metaverse is a virtual world that exists parallel to the real world. It was created by simulation technology over the Internet and AR and VR tools. Helping users immerse themselves in vast 3D spaces through activities, connecting and interacting with each other like a real-world society without language or geographic restrictions.
In other words, Metaverse is like an embodiment of the Internet, people can not only read the content but also exist in that world.
Metaverse fever
Although this platform has been mentioned since 1992, it is not until now that the virtual world has attracted the attention of users. This is because the whole world has experienced 2 years of the Covid pandemic, making people only able to directly support each other through an online world. From there, the desire to increase interoperability made it a huge craze driving its development.
Metaverse exploded again when technology giants were willing to spend billions of dollars to invest as well as many projects sprung up with the ambition to make a profit from this new market.
Doubts about the Metaverse
Buterin recently said that existing attempts by corporations to create a metaverse are not “going anywhere,” stating that Meta will “misfire.” Buterin’s comments came in the wake of Meta’s $2 billion quarterly loss on its metaverse division.
Buterin namechecked Meta in his critique of the corporates entering the space. "Anything Facebook creates now will misfire," he wrote in response to a tweet, arguing that metaverse-focused companies would likely fail because "it's far too early to know what people actually want."
Metaverse is the future of the Internet
Despite the wide range of opinions about Metaverse, it continues to attract massive investment. Despite a loss of more than 2 billion USD, CEO Meta still believes that it can reap many times more profit when it grows strongly. The development of the Internet as Web3.0, blockchain technology, and VR and AR tools are seen as proof that Metaverse is not absurd and impossible. It shows more and more importance in real life and begins to be applied in many fields.
Metaverse is still in its infancy so many people still have doubts, but Metaverse it is not a fad that will continue to grow and at some point, everyone will use it in everyday life.