Metaverse Opportunities

Metaverse

Opportunities

The metaverse offers vast potential for businesses and freelancers. The market is expected to snowball, and we think it's worth exploring its potential. As a freelancer, you can focus on this niche and raise your earnings by becoming an expert in it. Or maybe you'll see other opportunities for yourself.

Here's an overview of a report "The metaverse Overview" by Cryptomeria Capital

Big tech companies, including Meta, Microsoft, Nvidia, Apple and Alphabet, for example, have joined in shaping VR spaces and investing in meta startups. In January, for example, Microsoft acquired a company in this market for 69 billion USD!
XR and VR technology industry in the period from 2022 to 2030 will grow to 4-6 billion dollars. The main areas of application will be e-commerce, the fashion industry, holding events and events, gaming, education, art, and tourism.
By 2030, it is likely that more than 50% of events can be held in the metaverse. For more than 80% of stores, an alternative of virtual shopping may appear. Very similar statistics are predicted for tourism and education.
Development of Metaverse paves the way for training designers and developers specializing in 3D modeling, avatars, wearables, real architecture, and interiors. Metaverse also serves to organize and attend concerts, parties, art shows, social gatherings, sports events, excursions and travel, etc.

Main metaverse platforms are:

Decentraland, the earliest player among the metaverses, was launched in 2017 and is an immersive and engaging 3D virtual world. Users can buy plots of land and create their own buildings or facilities that others can use.
The Sandbox started in 2011 as a blockchain-based virtual world and evolved into a 3D gaming platform in 2017. One of the main goals of Sandbox is to give artists, creators and players in the metaverse the ability to develop the platform according to their imagination.

As the report says ‘If only 5-10 years ago, the metaverse was a scientific fantasy, now we can observe the first sprouts of a future that is not limited by the physical and social space.’

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