The Meta-universe, one of the wonders of the Internet, is a macro-goal of the global tech companies, including Facebook and Microsoft. But do you know where this term comes from?
Neal Stephenson used the term “metaverse” in 1992 in his sci-fi novel “Snow Crash.” In this novel, he talked about realistic avatars that lived in virtual 3D buildings and gathered in other lifelike environments.
The metaverse is tailored to expand the Internet's functions to build immersive, interactive experiences. Companies like Google, Facebook, Amazon and all Australian casinos aim to tie users to the metaverse. For that very purpose, they are providing them with access to digital worlds of shopping, services, and communication.
What does the future hold? About Cryptocurrencies and more
Mark Zuckerberg, the CEO of Facebook (now named Meta), estimates that it will take up to a decade before all aspects of the metaverse come true. But some features already exist. You surely have heard about ultra-fast broadband speeds, virtual reality (VR) headsets and online worlds that are already up and running, even though not everyone has access to them.
Here're the things that are real today and could lead to metaverse tomorrow:
- As you can read at https://www.bbc.co.uk/newsround/58981876 companies like Meta have already made significant investments in VR. They envisage a virtual realm where digital avatars connect through work, travel or entertainment via VR headsets.
- Microsoft.This company already uses holograms. It is developing mixed and extended reality (XR) applications by using its own platform Microsoft Mesh. These apps combine the real world with augmented reality (AR) and VR.
- Real outfit in a virtual world: Fortnite along with Balenciaga offer garments to you and your avatar.
- Gambling. It looks like the metaverse will infiltrate every sector in one way or another.Say, you want to visit a new casino Australia based but you’re too emotional. In this case, you can visit the metaverse to select any face you may want. As a Meta-gambler, you can find there your favorite games, such as baccarat, blackjack, and roulette. You can even throw the dice in a crypto crap game.
- Cryptocurrency. There are a fair number of crypto casinos, where transactions are processed in crypto currency that decentralizes gambling a lot. Crypto gambling is just forming yet pulling in some impressive numbers.
Why should we start now?
As we said, the metaverse is nascent. Gaming is a big business that generates gigantic global revenues – $160 billion. The idea of metaverse seems possible eventually. The number of people using its platforms is overwhelming. According to 2021 forecasts, this year the global games market will earn $190 billion. Just look at these numbers:
- Decentraland – 300K monthly active users, under 20K daily users;
- Second Life – daily average of 200K users from 200 countries;
- World of Warcraft – as of 2022, around 4.8 million people subscribe to the World of Warcraft;
- Farmville 2 – 40 million active users per month;
- Fortnite generated $5.8 billion revenue in 2021, surpassing its previous record of $5.4 billion in 2018.
So, it makes sense to invest in the future of metaverse rather than in gaming stocks.
Gambling and what changes will affect it?
It looks like metaverse will be able to address some of the most pressing challenges that the online gambling industry has been dealing with for years.
- Game selection
- Concerns about a playing posture
- Traditional gambling characteristics
- Concerns about payment methods
Pros and cons of gambling in the future
Metaverse gaming will impact online casinos big time. It’s clear that VR technology infiltrates more homes worldwide. Therefore, more gamblers will opt for metaverse casinos for a better gaming experience. It would be helpful to learn more about the main pros and cons of gambling in the metaverse.
Pros:
- Getting the most out of VR
- Using crypto as additional payment method
Cons:
- Limited access to VR and crypto
- Limited possibilities of PCs
- Replication of what exists, and making it worse
Conclusion
Online casinos use advanced blockchain technology. So, they will keep up for a while. Gambling is just one type of entertainment that metaverses offer.
It’s obvious that traditional internet operators will be put in quickly when individuals learn about all the alternatives available in these virtual worlds.
