Metaverse Predictions 2022

Here is the list of predictions that will make your company be prepared for the “Future Of Internet”, the Metaverse.

Metaverse Predictions 2022

Here is the list of predictions that will make your company be prepared for the “Future Of Internet”, the Metaverse.

So, what is Metaverse?

The Metaverse is the next-gen evolution of the internet that incorporates 3D graphics, extended reality, cryptocurrencies, blockchain, NFTs, and artificial intelligence.

The market value of the metaverse will reach $13 Trillion within 2030.

Let us look deep into the timeline of Metaverse to know about its origin & history.

Metaverse Timeline

  • In 1984, Jaron Lanier at VPL Research, coined “Virtual Reality” for describing immersive graphical spaces.
  • In 1992, to describe the network of virtual worlds, Neal Stephenson published a book named “ Snow Crash” where he mentioned the “Metaverse”.
  • Between 2003 & 2004, the great launch of Second Life, 3D virtual social world.
  • In 2014, The VR Hardware Maker, Oculus was acquired by Facebook.
  • In 2020, the famous Decentraland Metaverse platform has launched.
  • In 2021, another known Metaverse platform, The SandBox has been launched.
  • In late 2021, the largest social platform, Facebook rebrands itself as “Meta” and has announced it plans about Metaverse.

Without any delay, let us look at the predictions of Metaverse for 2023 and beyond.

3 Predictions Of Metaverse

Prediction 1: Metaverse will go Mainstream within 3–5 Years

Major organizations like Honda have already started establishing their brand presences on Decentraland & The Sandbox. Being an early adopter you can enter into Metaverse for brand recognition & development.

Even though, the Metaverse may not be real for your business now doesn’t mean that you can ignore Metaverse says, Gebbie. Within the next 3 to 5 years this Metaverse will surely move into the mainstream and many businesses will join in.

Many experts believe that the metaverse platforms will be broadly visible in 2025.
Already there are many firms that are silently watching & waiting for fr the right time to take their wings into Metaverse space.

We can already note that virtual reality games have driven huge revenue. Sectors like Shopping, fashion, IT, and more have started influenced by Metaverse waves. People have started to shop for physical goods in virtual worlds.

Thus do not be lethargic and missout to experience the potential of Metaverse in the future.

Prediction 2: Design & Tech Services will be in Demand

Creating a brand presence on the Metaverse right away may feel complicated but can yield you more revenue in the future nearer.

Hence, there are only a few specialists available who can brand, design & make UX in the Metaverse.

This sector is being heated up now and there will be a huge demand for this kind of specialists who work on metaverse.

Creating fine-tunned & iterating patterns on metaverse is difficult. But with the use of cutting-edge technology, the design & UX in Metaverse seems easy.

As major brands enter the Metaverse, there will be demand for designers soon. Thus most companies find it hard to staff up their own metaverse team or department.

Prediction 3: Complete Standardisation Arrives

The exists a conflict over the two visions of this Metaverse. Metaverse platforms Decentraland & The Sandbox are promoting interoperable & decentralized metaverse future with DeFi & DAO. On the other hand, large tech organizations like Apple & Meta are in an attempt that dominates this entire technology or the sector as a whole.

Meta really wants to own the entire platform says, Gebbie. The tension prevails between the distribution of responsibility & individual power and the attitude that believes in decentralized authority which actually wants to dominate & control everything.

Hence there should be some degree of standardization & interoperability when metaverse takes off which provides a degree of stability & security for all big corporates.

Novy along with the Internet Engineering Task Force established basic rules & protocols for the metaverse. Big players like Microsoft should also conform to the IETF standards.

Thus, Metaverse has the potential to change the way we live, work, buy and spend our day-to-day life. All these predictions may help organizations to be prepared for the digital future which holds unexplainable opportunities and developments.

Source : Top 3 Incredible Metaverse Predictions 2025

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