Technology has never been static; rather, it has been ever-evolving since the dawn of time.
We, or rather, the members of Generation Z and the Millennials, are accustomed to unconventional thought. To be honest, we didn’t think it was possible to create a virtual environment where people could actually live, socialize, and make money until… the Metaverse was created.
The date of October 28th, 2021, will be remembered forever. At that point, Facebook officially changed its name to Meta and committed to developing its own 3D internet, which it calls the Metaverse.
Metaverse-Metaverse-Metaverse Everything is a mess and all over the place. But what precisely is it? A virtual space where the boundaries between online and offline interactions become porous.
The last few years have been perfect for interacting in a virtual environment instead of in real life. People, or rather Avatars, may get together and have a wild time at a wild virtual rave. That wasn’t too crazy, until people started buying houses, that is. This seemed like land that you could buy and develop as you saw fit. Not even in The Sims could I ever picture myself residing in a Metamansion.
Fashion slowly began to make its way into the Metaverse. On Roblox, a virtual goods marketplace, a Gucci x Roblox bag recently sold for 350,000 Robux, or about $4000. Your Avatar needs upscale clothing if they are going to be seen out and about in the Metaverse.
It only made sense for consumers to get virtual insurance as more and more possessions entered the Metaverse. What?! Online medical coverage? It is prudent to have a backup plan in case something breaks, you lose money, or your artwork is taken. Medical experts envision a future where medical students learn and practice on virtual patients, while educators envision digital classrooms.
Then NFTs appeared (or were they always there?).
Quite challenging to keep track of. Non-fungible tokens (NFTs) are digital assets such as artwork, music, and video that may be purchased and sold online using bitcoin. Yes, and there’s also digital currency. It’s a form of digital or virtual currency that is encrypted to prevent forgery and double spending. The introduction of cryptocurrencies like Bitcoin shook up the global financial system.
It appears to have no bounds at all.
Most of these connections make sense given that we cannot actually be present in the virtual world, but lately Coke-Cola launched a limited edition Coca-Cola® Zero Sugar Byte, which seems to defy logic.
