Leading companies such as Facebook and Microsoft have created multiple metaverses. Facebook (Meta) is investing $10 billion and hiring 10,000 new employees.

One source suggests that the metaverse market was valued at $61.8 billion in 2022 and is projected to reach $824.53 billion by 2030.

Metaverse is a virtual-reality space wherein you will interact with a computer-generated environment.

Time is fast approaching, and different metaverses will be linked together. This will allow you to carry digital assets and avatars from one Metaverse to another.

Here, I will explore ten ways the Metaverse will change the world soon.

1. E-Commerce Will Merge with Physical Buildings

The Metaverse will change traditional shopping and allow you to walk through physical buildings without leaving home.

Buyers will shop there since companies will set up physical stores in the Metaverse. Company owners will hire web developers to create stores for them.

The shopping and malls in the Metaverse that more buyers will be more expensive.

Metaverse World will allow you to enter different physical stores while sitting comfortably in sweet trousers from home.

When you visit any store in the Metaverse, an avatar of an actual salesperson or 3D AI will meet you. In the shopping centre, you will "walk" around, look at displays, and buy the products sent to you in the real world.

2. Cryptocurrency and Metaverse Will Go Hand in Hand

When shopping in the Metaverse, you will use cryptocurrency. You can buy from any company based on Metaverse around the globe.

Most stores will accept all major cryptocurrencies, and users will not lose transaction fees. Buyers will freely travel throughout the Metaverse with their cryptocurrency wallet and purchase services and products with instant transactions.

3. Digital Real Estate

Companies and individuals are now purchasing digital "real estate" in the Metaverse just as they have been purchasing 2D web domains since 1985.

Some real estate is being sold for millions of dollars, so some people are now purchasing digital assets as investments.

Just as people buy real estate in areas they think will prosper, buyers purchase these digital lands that will get more traffic.

As owners of digital real estate, buyers aim to construct things on digital land. Some will rent their digital property, while others will set up digital stores where people will teleport and shop.

4. Events and Concerts Will Occur in Metaverse

For example, virtual reality headsets and advanced graphics technology will make you feel like you are at a real-life concert.

Your favourite singer's avatar will look larger than life. Not only will you enjoy the live music in crystal clear sound, but you will also be able to sing, chat and dance with participants next to you.

5. Metaverse Will Make Video Calls Real-life Like

Video calls are vital for friends and family to stay connected when they can't be together. For example, during COVID-19 lockdowns, video calls are the best option for family and friends to see and interact with each other.

Technology in the Metaverse will enhance the video call experience to the next level. You can meet your friends and family, play games, play musical instruments, and chat face-to-face.

You can meet your best friend living in another country and spend the evening together. You only need to own your house in the Metaverse, where you can meet your family and friends and break distance barriers.

6. Dining Out Without Leaving Your Home

Metaverse will allow you to go out and dine out without leaving your home. There would be metaverse-based restaurants, public places, cafes, and surreal areas where you can spend time with your family and friends, even if they live in another city or county.

Some metaverse-based restaurants will be connected to food delivery services. You will go to the restaurant, look at the 3D menu, choose your favourite food item, place the order and pay in cryptocurrency. Then, your order will be delivered to your doorstep.

7. Business Meetings will occur in the Metaverse

Since COVID-19, online meetings have become the norm. Business meetings are held through video conferences.

The Metaverse will play a vital role in the business world. Bill Gates expects that most business meetings will soon be held in the Metaverse.

With Metaverse, companies will save thousands of dollars and precious time spent on travel and sit face-to-face inside Metaverse-based offices.

Furthermore, Metaverse will allow you to leave your office and hold business meetings in pleasant natural environments. For example, you can meet at your favourite resort, a mountain's peak, or the ocean's bottom.

8. A classroom inside the Metaverse

After COVID-19, e-learning has skyrocketed. Most e-learning occurs through video calls. With the coming of the Metaverse, learning through videos will become a thing of the past.

In the Metaverse, classrooms will have almost everything an actual classroom has. Students will write with virtual pens and keyboards.

In the virtual classroom, students can raise their hands and ask questions, and the teacher can interact with the students like in the physical world.

9. Immersive Learning

Metaverse will allow you to enter an immersive world and get closer to what you want to see and experience.

For example, when visiting a museum in an immersive world, you can read about the facts of planets orbiting around you.

In a zoo, you will see the representations of dinosaurs while walking among them and experiencing 3D 360° views.

10. Job Training inside the Metaverse

For many years, astronauts and pilots have been using virtual simulators to get safer and cheaper training.

In the Metaverse, various life-like simulations will help heavy and complex industries train their employees.

For example, industries such as medical, construction, police, and firefighters exposed to dangerous situations can significantly benefit from the Metaverse.

Conclusion

In short, although the Metaverse is at the initial stage, technology such as AR, VR, and 3D graphics has the potential to transform our lives for the better. Metaverse will break the barriers of distance and allow us to be present everywhere without leaving the comfort of our homes.