OPINION: Fears Of The Metaverse Are Justified
OPINION: Fears Of The Metaverse Are Justified
Editor: The world of the future may be at hand. Like other new technologies the potential is great, the threat terrifying. The development of the metaverse should put us all on high alert for the nearly inevitable privacy abuses, misinformation campaigns, and unprecedented targeting.
By Joseph Wales
A New Name
In late 2021, Mark Zuckerberg introduced Meta as the parent company to Instagram and Facebook. This move left many of us in the dark; not understanding what Meta is and the future direction of the company. Since the announcement it has emerged that the main idea behind Meta is developing a 100% virtual world with AI (Artificial Intelligence) and VR (Virtual Reality) enhancements. A world where our interactions will be more digital than physical. The technology growth rate is at an all-time high. Most believe that the tech gurus have more power than they deserve and legal restrictions are necessary. Before we go into the nitty-gritty details, let’s look at what metaverse is.
What Is The Metaverse?
As mentioned above, think of the metaverse as a virtual universe. The metaverse combines numerous technologies, including Augmented Reality (AR), Virtual Reality (VR), and eye-tracking. These technologies combine to create the ultimate virtual experience. Now might be a good time to read or watch “Ready Player One.” It is a story set in 2045, where all people turn to VR to escape the real world. The feature could help you get a rough idea of how a metaverse might look.
What Is Inside The Metaverse?
The metaverse is usually digital assets, 3D avatars, games, and businesses. Each metaverse can have their virtual economy. There are endless activities to engage in while in the metaverse. You could meet friends, join virtual events, host business meetings, monetize your creations, and so on. The metaverse closely resembles the real world. Most have their own economies and accept virtual currency. For instance, Cryptoxles, a metaverse, accepts ETH, while Decentraland uses their original currency, MANA. The only significant difference is that you can travel the world, go to the store, climb Mt. Everest, all from your home’s comfort. Access to the metaverse is via an VR headset.
