The Future of the Metaverse part 1

4 Min Read

Every day, Jonathan at Metaverse News reads a number of fascinating articles regarding web3 and the metaverse. However, some are more captivating than others. And when I read research from the Copenhagen Institute for Futures Studies on potential future metaverse scenarios, my mind was blown.

Currently, Metaverse News is releasing a 5-part article series. This is the initial one. This article series draws extensively from the research conducted by the Copenhagen Institute for Futures Studies but has been revised and updated by our own team. Relax with a cup of coffee and dive into this series.

What is the metaverse?

The phrase “Metaverse” has skyrocketed in popularity over the past year, as the Metaverse has emerged as the next big thing following mobile internet. However, the term is frequently thrown around without being defined, and even when one is provided, it is sometimes fairly nebulous, making it difficult to tease apart its connotations.
The Copenhagen Institute for Futures Studies considers the Metaverse to be a topic worthy of further exploration in light of the futures to come. They find it more fruitful to define what it could become in the future than what it is now.

The Metaverse will completely alter our way of life once the requisite technology and application cases are developed. As a result, it’s important to plan ahead.
The Copenhagen Institute for Futures Studies came up with the following scenarios to present a range of credible and potential futures for the Metaverse, with an emphasis on spatial and immersive elements. The scenarios were developed to provide a more in-depth and nuanced knowledge of key uncertainties while simultaneously challenging and inspiring readers’ opinions on the Metaverse’s future.

We’d like to get consensus on what we mean when we say the Metaverse is here before we go into the possibilities. We (And the team behind Metaverse news) see the Metaverse as the whole integration of our real-world and virtual-world experiences. A fundamental part of this convergence will be a collection of compatible digital environments in which we may engage in a wide range of activities, including but not limited to: work, play, education, recreation, socialization, communication, interaction, commerce, and ownership of digital assets. These environments will establish a sense of belonging — connecting peo- ple, spaces, and things together in virtual or augmented digital worlds.

In this whitepaper, they distinguish between the factors of immersiveness and the underlying infrastructure. The primary focus of Web3 is on who will own and govern the future internet, which will be made possible by technologies such as blockchain, digital assets, social tokens, non-fungible tokens (NFTs), personal avatars, and a generally higher level of user participation through mechanisms such as Decentralized Autonomous Organizations (DAOs). The immersive Metaverse, on the other hand, is focused on the future of internet interaction and user experience.
The phrase “Metaverse” is used to describe the world as it will be once a certain collection of technologies has been perfected, scaled, and embraced by the general public. This group of crucial technologies will facilitate the merger of physical and digital reality from domains including VR, AR, Web3, and the Internet of Things (IoT).

And I think it is critical to start making plans now for this new reality, to understand what will change and how to adjust! Stay toned!

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Posted by Alex Vartmann
Web3 guru, and enjoys sugary liquorice.