VIRTUAL-REALITY SPACE IN WHICH
USERS CAN INTERACT WITH A
COMPUTER-GENERATED
ENVIRONMENT AND OTHER USERS.
Presentation By
CH. MEGHANA (21MG1A0502)
K. TULASI (21MG1A0519)

INTRODUCTION
• The metaverse is a term used to describe a
collective virtual shared space that is created by
the convergence of physical and virtual reality.
• In simple terms, it is a fully immersive digital
environment that allows users to interact with each
other, as well as digital objects and environments.
• The concept of the metaverse is not new and has
been around since the early 1990s, but it has
gained significant traction in recent years, thanks
to advancements in virtual and augmented reality
technologies.

1. Immersion: The metaverse is designed to be a highly immersive
experience, where users can feel like they are truly present in a
digital environment.
2. Social interaction: The metaverse is a shared space, meaning
users can interact with each other in real-time, just like they
would in the physical world.
3. Virtual economy: The metaverse is also a place where users can
buy, sell, and trade virtual goods and services, creating a whole
new virtual economy.

• Endless possibilities: The metaverse is a space
without physical limitations, which means that it can
be designed and customized in a limitless number of
ways, making it a highly creative and flexible
environment.

HISTORY :
 1992 – American sci-fi writer Neal Stephenson coins the term metaverse
in his book Snow Crash, which depicts dystopian future world where rich
people escape into an alternative 3D, connected reality.

USES OF METAVERSE IN DIFFERENT
INDUSTRIES
o Gaming
o Healthcare
o Education
o Social Media

 The concept of the metaverse has enormous potential for a variety of industries,
including gaming, entertainment, education, healthcare, and more.
 Some experts even believe that the metaverse could eventually become the next
big thing on the internet, replacing the current web as we know it.
 However, there are also concerns about the metaverse, including issues related to
privacy, security, and accessibility.
 As the metaverse continues to evolve, it will be important to address these
challenges and ensure that the metaverse is a safe, inclusive, and equitable
environment for all users.
 The metaverse is an exciting concept with enormous potential for a variety of
industries. As technology continues to advance, it will be interesting to see how
the metaverse evolves and what new possibilities it brings.
CONCEPTS

 The metaverse can shape the future in which we spend more
time in the virtual world than reality. An avatar represents you in
the metaverse, comparable to the avatars that Facebook started
using in 2020.
 Many technology experts believe it will eliminate the issue of
geography, particularly when it comes to business interactions.
According to Harding, an increasing number of businesses will
have "boarded the metaverse train in 2022.”
 Many tech executives anticipate that one day, individuals will
begin to create their metaverses and that instead of Oasis, we
will all be relaxing in that world
WILL THE METAVERSE
REPLACE THE REAL WORLD?

 Bloomberg Intelligence's metaverse represents a "$800 billion market opportunity." The
metaverse creates a new economy in which wealth will be generated, traded, and
increased with a different currency yet connected to real-world money.
 We'll soon see businesses will be formed, office buildings will be built, meeting for
remote workers will be held, and job interviews will be conducted in the metaverse
world.
 The metaverse will see a surge in digital commerce, primarily as big-box retailers like
Walmart aim to sell things there. CNBC reported Adidas launched NFTs and purchased
land on Sandbox VR, a virtual real estate firm. Gucci, a fashion brand, collaborated with
game developer Roblox to sell goods in the metaverse. Balenciaga has partnered with
Epic Games, the creator of Fortnite, to provide virtual boutique
HOW WILL BUSINESSES
TRADE IN THE METAVERSE?

To purchase virtual property, you must first register with a
metaverse platform, such as Decentraland, The Sandbox, or
Axie Infinity, among others. Binance, Gemini, and Coinbase are
all popular platforms for purchasing metaverse cryptocurrency.
These exchangers will assist you in converting real cash to
metaverse crypto. If you already have cryptocurrencies, such as
Bitcoin or Ether, you may trade them for metaverse directly.
HOW TO BUY PROPERTIES
IN METVERSE

ADVANTAGES :
o Improbable even impossible
experiences.
o More equal access to virtual
experiences.
o Heightened Social connections and life
like instructions.
o Better Collaboration and Co Creation.
o More Effective efficient testing and
training.

DISADVANTAGES :
o Higher Equipment Cost
o Potential for bullying harassment
and assaults.
o Additional Privacy concerns and
Security issues.
o More reasons for addictive
behaviour.