Metaverse Bringing Virtuality Into Real life?

Social Media Live Streaming is prime as it is a proven live streaming product helping influencers to break through to succeed beyond their expectation in sales on marketplace ,when doing onlibe live ecommerce sales and typically most of them founf success with Facebook Live Streaming.

On April 6, 2016, Facebook Live Streaming was made available to everyone.

“It’s like carrying a TV camera in your pocket.” Anyone with a phone can now broadcast to anyone in the world. When you interact in person, you feel more connected. “This is a significant shift in how we communicate, and it will create new opportunities for people to connect,” said Mark Zuckerberg, Facebook’s CEO.

Livestream is a Facebook App that you can install on any Facebook Page you manage. You can watch live events and broadcast live from your phone like a pro. Everywhere and at any time.

Instagram Live Video and Stories ​

Instagram announced two updates on November 21, 2016: live video on Instagram Stories

This came after they introduced Instagram Stories in August as a way to share all of your day’s moments, not just the ones you want to keep on your profile. It is now used by over 100 million people on a daily basis.

Live video on Instagram Stories allows you to communicate with your friends and followers in real time. When you’re finished, your live story disappears from the app, allowing you to feel more at ease sharing anything, at any time.

It’s simple to go live: simply swipe right from the feed to open the camera, tap the “Start Live Video” button, and begin sharing for up to an hour. When you go live, your friends may receive an alert so they can tune in. While you’re live, you can pin a comment for everyone to see or disable comments entirely.In 2020 ,Instagram launched another version of shortclip video to compete with Tiktok , named as “ Reels” that elevate Instagram video stories features and is found to perform almost as well at Tiktok , side by side with their — Stories Tab function

Since the introduction of improvements to Instagram Direct in 2015, the number of people using it each month has increased from 80 million to 500 million people worldwide. Many of them, it appears, use group threads on a daily basis to stay in touch with their closest friends and family.

Now after all the overwhelming success , Facebook ( Meta ) decided to come up with the next Big Platform- the Metaverse , in these almost dystopian days of pandemic reality, the virtual revolution is taking place. A portion of the world is gradually migrating to and, more importantly, profiting from the metaverse.

As a result, as this new, trendy keyword dominates the news, now is a good time to learn more about how money is created in the virtual world.

What exactly is the Metaverse, and how does it function?

The virtual environment. Three-dimensional internet. Different economies and universes. All of these terms refer to the metaverse, which has become a popular buzzword in today’s society.

The metaverse is similar to a parallel universe because it combines the physical and digital worlds. Simply put, the metaverse is a shared virtual environment in which anything that can happen in reality can also happen in the metaverse.

Although the metaverse is still in its early stages, there are numerous types of metaverses. Users can shop, study, socialize, go to concerts and galleries, and even conduct business. Avatars are all that is required for people to enter the zone.

Decentralization is a critical component of metaverses. The majority of existing virtual worlds, particularly those built on Ethereum, are based on blockchain technology. This means that DAOs, rather than a central authority, manage smart contracts. Cryptocurrencies are the engines that drive the economies of autonomous worlds.

Another critical factor is commercialization. Users can create digital content in blockchain-based virtual worlds, develop it, and then sell, rent, or exchange it for cryptocurrency. Selling avatar or in-game, renting digital real estate , ebooks , photo arts and even selling advertising space pixels on them are all options.

The metaverse market is still evolving

A metaverse is not a novel concept. Millions of people were inspired to develop their own fantasy worlds following the advent of the virtual world ‘Second Life’ in 2003. Second Life (SL), a three-dimensional virtual world in which users can pretend to be anybody — or anything — they wish, has garnered considerable interest. Despite the fact that it is an online environment, it has a significant impact on the real world, including a virtual economy that is reliant on the real. In reality, or even in virtual reality, Second Life is a complicated ecosystem rife with potential dangers and rewards.

After thereafter, the concept faded into obscurity until a global pandemic sparked the rapid development of virtual worlds.

Millions of people have been compelled to postpone their social lives in order to live them solely online as a result of the panedemic global lockdowns. A substantial chunk of this demographic was raised on video games. They entered virtual worlds seeking novel experiences and chances. The large corporations remained loyal to their clients and catching the trend after Facebook made its annoucement of the Meta and Metaverse future virtual reality world again , this point, metaverses exploded.

Then came the NFT craze, which saw cute unknown tokenized artwork fetch $69 million and the popularity of NFT-based play-to-earn games skyrocket. Then there are large investments in metaverse land, tracts, and pixels. In just a few months , prices have risen dramatically, from $20 in 2017 to nearly $6,000 in 2021.

Hundreds of millions of dollars have been paid by renowned auction houses, luxury brands, and real estate organizations to secure their own online zones. Virtual property has developed into an innovative method of protecting against inflation.

Opportunities to Make Money in the Metaverse

• Obtaining a Virtual Property

Developers of the metaverse frequently sell virtual land parcels as blank space. This means that property owners are free to construct whatever they wish, including a hotel, an art gallery, a casino, a movie theater, or a sports stadium.

They have complete discretion over what they build and how they charge people. Renting out a building, charging admission fees, or selling advertising space are all examples of revenue-generating activities.

Not to mention that the virtual property itself may be a long-term investment with a potential for appreciation.

Advertising -Virtual & Augmented Reality

Facebook’s primary focus is on virtual reality.

Virtual reality is no longer relegated to the realm of gamers. Bloomberg reports that Facebook aspires to own virtual reality in the same way that Apple and Google do with mobile. This requires seizing control of technology at all levels, from software to hardware.

If you’re unfamiliar, Facebook acquired Oculus VR, the market leader in virtual reality technology, in March 2014, and the Oculus Rift launched two years later, in 2016.

Virtual reality is more immersive than at any point in history. Until now, virtual reality has created the illusion of being somewhere else, in a virtual world, but the next level of VR will promote social interaction. On December 15, 2016, Oculus launched Oculus Rooms and Parties for Gear VR, a new feature that enables you to socialize in Virtual Reality with your friends. These innovative new features are now available on Gear VR and will soon be available on Rift.

Finding friends in VR will be a breeze. Simply link your Facebook and Oculus accounts or conduct a search for individuals using their real name or Oculus username. After connecting and becoming Oculus friends, you’ll be able to see when your friends are online, initiate voice calls, and dive into an experience with them. You’ll have the opportunity to try out Oculus Rooms, a private virtual space where you can spend time in virtual reality with friends. Oculus’ goal is to enable social activities that are as natural as spending time with real-world friends.

Additionally, Facebook partnered with Samsung to bring Facebook’s popular live-streaming functionality to the Samsung Gear VR headset.

Google’s mobile virtual reality platform Google is a significant player in the field of virtual reality, as evidenced by their most recent product.

Daydream, Google’s latest virtual reality headset, was released in October and is now available for purchase on the Google Store. The soft, lightweight headset ensures your comfort, while the simple, intelligent controller puts you in control of the action.

The headset’s only shortcoming is that it is only compatible with Google’s Pixel phone.

Social Media Video Technologies in 3D and Eye-View

Snap’s Spectacles

Snapchat has a new corporate name, Snap Inc., as well as a new line of business, video-enabled sunglasses called Spectacles, which were released in November 2016. When it comes to social media, this is by far the most innovative product of the year.

To transfer videos captured with a 115-degree field of view, the device connects directly to the Snapchat app via Bluetooth or Wi-Fi (designed to match human visual perspective, according to the company).

Specs are currently only available in the United States and are priced at $129.99 + tax. Snap Inc. only sells them through their own vending machine, the Snapbot, which is placed in a new location every 48 hours.

Facebook created a 3D-360 camera.

In addition, Facebook designed and built a long-lasting, high-quality 3D-360 video capture system, which became open source in July 2016. The open source project includes the hardware camera design as well as the software stitching code that allows for end-to-end 3D-360 video capture in a single system — from shooting to video processing.

Making the camera design and stitching code freely available on GitHub, according to Facebook, will accelerate the growth of the 3D-360 ecosystem — developers will be able to leverage the code, and content creators will be able to use the camera in their productions.

Opportunities to Make Money in the Metaverse

• Obtaining a Virtual Property

Metaverse developers typically sell virtual land parcels as blank space. This means that owners can build whatever they want, such as a hotel, an art gallery, a casino, a movie theater, or a sports stadium.

It is completely up to them to decide what to build and how to charge people. Renting out a building, charging admission fees, or selling advertising space are all ways to make money.

Not to mention that the virtual property itself may be a long-term investment with increasing value.

Advertising

Virtual worlds can mimic any real-world activity, and the ways in which users can interact with one another are virtually limitless. Interacting with corporations, brands, and products is a type of interaction as well.

In-game advertising has already become a multibillion-dollar industry. Furthermore, online gaming environments and even virtual shopping malls are the primary social venues for younh millenials . They come here to socialize, collaborate, and spend time together.

Developers go to great lengths to create environments that are exclusive, entertaining, and rewarding. The number of people who use the metaverse is growing rapidly. Over time, virtual worlds and their new social spaces will logically evolve into a significant marketing channel.

Investing in the Industry of the Metaverse

The metaverse is an additional dimension of the online world. It is something that each of us can incorporate at some point in our lives. Logic dictates that this is a massive opportunity for businesses, and as a result, forward-thinking firms are jumping on board.

Virtual environments populated by millions of people have enormous growth potential. The value of several metaverses’ native digital currencies has recently increased (for example, Decentraland’s MANA and The Sandbox’s SAND).

Stocks of metaverse-focused enterprises are also an option for those who prefer a more traditional investing method. Several companies, including Roblox, Unity Software, Microsoft Corporation, Amazon, Nvidia, Walt Disney, and Facebook, have expressed interest in developing their own metaverses. Each of them is traded on a stock exchange.

Investing in the Underpinning Mechanisms of Technology

Currently, the majority of metaverses make use of the Ethereum network. The significant increase in the price of Ether (ETH), the underlying Ethereum blockchain’s native token, reflects the excitement surrounding it.

However, the landscape is changing as competing blockchains enable their own smart contracts to include NFT functionality. Solana (SOL) has risen nearly vertically in recent months, owing to the NFT trend and institutional investors’ interest.

In terms of NFT-driven demand, blockchain protocols that address scalability concerns while offering lower network fees than Ethereum have strong growth fundamentals.

Investing in Non-Financial Transactions (NFTs)

Non-fungible Tokens (NFTs) are collectibles in their own right and thus constitute speculative investments. NFTs are one-of-a-kind pieces of digital data due to technological peculiarities, making them scarce and valuable at times.

Investors anticipate that their investments will increase in value over time. While NFTs are popular, they are a novel type of investment that can be quite expensive.

Earn while you play

Blockchain-based games and NFTs enabled the development of a new innovative play-to-earn gaming concept. The concept is simple: players own and control their in-game assets, and they retain complete control over their ability to trade or exchange them for real-world currency.

Axie Infinity’s gaming economy is an excellent illustration of how metaverses can influence real-world economies. During the pandemic, thousands of Filipinos rushed into the game, growing artificial pets known as “Axies” and trading them online, earning more money than they could in their regular jobs.

What Is the Purpose of Being Involved?

Metaverses are expected to reach a market value of $800 billion by 2024. Their rapid growth demonstrates that they are the future and that the vast majority of us will be involved with them sooner or later.