Top Applications Of The Metaverse Technology: Use Cases And Advantages

Many futuristic technologies have started to emerge over the past few years. One of the most widely publicised technologies of late has been the ‘Metaverse’. While rudimentary and prototype versions of metaverse programs and software have existed for around a decade, the real-world applications of Metaverse have just started emerging. As per a recent survey, around 17% of tech companies in the world have started investing in Metaverse projects. many Before we dive into the various applications of Metaverse, let’s take a quick look at what exactly is Metaverse.

In simple terms, the ‘Metaverse’ refers to a complete three-dimensional virtual digital space or virtual reality that can be accessed by people wearing virtual reality headsets or goggles. As Metaverse technology continues to evolve, these virtual worlds have started to become more and more realistic. Users can come together in shared virtual spaces in the Metaverse and interact with each other, even hold virtual meetings, play games, work out together, watch films or tv shows and more. Many companies and firms have also started creating NFTs of virtual lands that people can purchase and access through the Metaverse. Meta’s (previously Facebook) Oculus Quest 2, a virtual reality headset has seen immense success and popularity. Many other tech companies have introduced their own versions or virtual reality headsets for people to access the Metaverse.

As the Metaverse technology evolves, its applications will grow. At this point, the Metaverse has successfully proven uses cases through the following applications:

Advertising: Interactive, virtual reality ads that make use of digital worlds and 3D technology to take the users on a digital experience are going to become mainstream. Already, you can find virtual reality exhibits as advertisements in various tech exhibitions and conferences. 

Live Meetings: The Metaverse has already proven use-case with digital conferences where people can join in for events or meetings from all parts of the world, yet feel like they are all in the same room. Digital avatars and shared virtual spaces have made live meetings through the multiverse extremely interactive and engaging. 

Gaming: One of the biggest applications of the Metaverse is in the gaming industry. The level of immersion and reality offered by Metaverse is unmatched in any other game mode. Already, there are hundreds of successful game titles made for many different types of virtual reality headsets. Games like Beat Saber, Thumper, Resident Evil 7, Superhot, and The Climb are extremely popular among VR gaming fans. In the future, the Metaverse is expected to be a major player in the gaming sector. 

Online Transactions And Crypto Trading: Many crypto projects and NFTs have already started implementing Metaverse in their technologies. As mentioned above, virtual spaces are being sold in the form of NFTs. Virtual avatars and in-game items are also being stored in the form of NFTs in Metaverse applications and games. 

Education: Students can benefit greatly from the Metaverse technology as it will allow them to virtually attend lectures, watch live demonstrations, interactive learning games. For instance, students at an academy in New York received a rather engaging and interactive lesson in astronomy. The students experienced a virtual trip in a spaceship around the stars, evoking their curiosity and sense of wonder for learning. 

Real Estate: One of the most useful applications of the Metaverse has been in the real estate industry. Demonstrations of virtual homes and lands through a VR headset allow users to visit these properties virtually without physically being present. Virtual reality demonstrations are being increasingly used in real estate marketing to show prospective customers various property options. 

Healthcare: The Metaverse has also enabled many applications in healthcare. A concept called Telehealth has become popular where patients can visit doctors in a virtual clinic and interact with them rather than having to physically visit them.

While these are just a few mainstream applications of the Metaverse that exist right now, the actual use cases continue to grow. It is quite evident that the Metaverse will be a dominant technology in the coming years, given its ability to provide life-like interactive experiences.