Reimagining the Future World with “Metaverse”

Vishal Bharvesh

Information Technology, LNCT University, Bhopal, India

Keywords: Metaverse, Automated/Virtual Reality, Cryptography.

Abstract: If we say TODAY, in the year 2023, that you are physically present in India and can also be physically present

in Japan or UK at the same time, then how can it be possible that the same person is physically present in two

or more different places at the same time? But believe me, this is happening and this is going to happen in the

future in full swing. It could happen by the year 2032 or even earlier. And this is possible with Metaverse -

Third/3D World. Metaverse means a new form of Facebook’s Horizon World. Metaverse is beyond the world

of today’s Internet and Virtual Reality (VR) / Augmented Reality (AR) technology. The aim of this paper is

to find out what exactly the Metaverse is and how the Metaverse is going to affect the future world and how?

1 INTRODUCTION

Although it is not so easy to understand the

Metaverse, still in simple words it is a virtual world.

Metaverse is not just talking about taking you from

one corner of this world to another, rather it is talking

about something much beyond our and your

understanding. It means to say that it is talking about

taking us to a new world beyond the moon, stars, sky,

and planets. Means to take you to a fantasy world.

So, here I tell you that you do not need to go

anywhere, you can visit this world “Metaverse” even

while staying at your Home/Office place. This means

your body will be in your Home/Office, but your

mind will be in a New World with your own Horizon

Worlds AVATAR (Virtual Body) that we probably

cannot even fully imagine right now. Yes, Metaverse

is an iteration of the internet that gives us a far more

immersive experience. In October 2021, owner

Facebook Inc., social media giant, changed its

company name to Meta Platforms, Inc., as it focused

on building the "Metaverse" and announced plans to

invest at least $10 billion in the concept.

2 WHAT WE CAN DO IN THE

METAVERSE AND HOW?

In Metaverse, you can move from one place to

another very easily. By going to shopping malls, you

can do shopping, roam around, and make your own

friends. Virtually you can do all the activities that you

are doing right now in the real world but in a virtual

way with your Avatar.

Not only this, the goods bought in the imaginary

world will be delivered to you in this real world, for

this the payment method you will have to adopt is

cryptocurrency.

You can play new games in this world, participate

in events, have meetings, participate in group

activities, as well as you may perform many family

gatherings.

This means it is beyond the Video Conferencing

and our Avatars’ are doing Conferencing there.

In this world of the Metaverse, you will be given

a different name, an identity will be given, a new

identity of your own will be created and not only this,

an avatar of your own will behave in a manner

according to your gesture.

This means whatever you want to do/doing in the

real world you can do through your avatar in the

Metaverse. This is somewhat similar to James

Cameron's film “Avatar”, where a link connects a

person's mind to the mind of their avatar body,

representing the same person (Real and Avatar Body)

in two different worlds at the same time. Or "Jumanji

2.0: Welcome to the Jungle" is an American fantasy

adventure film where a group of students enter a

video game with their avatar bodies and spend

adventurous time in that Game world and share their

feelings, ideas, actions, etc. Metaverse is an advanced

form of virtual reality, which we can call Automated

Virtual Reality, in which the person will not only be

624

Bharvesh, V.

Reimagining the Future World with “Metaverse”.

DOI: 10.5220/0012610500003739

Paper published under CC license (CC BY-NC-ND 4.0)

In Proceedings of the 1st International Conference on Artiﬁcial Intelligence for Internet of Things: Accelerating Innovation in Industry and Consumer Electronics (AI4IoT 2023), pages 624-626

ISBN: 978-989-758-661-3

looking at the 3D world through virtual reality, but

his own avatar will go inside that 3D world and

communicate with other avatars.

3 ORIGIN OF THE METAVERSE

It originated in 1992 with the science fiction novel

"Snow Crash", by the American writer Neal

Stephenson, where he merged "Meta" and "Universe"

together, and called it METAVERSE.

In this novel, he told the meaning of this word,

where people connect with each other with the help

of digital gadgets. To reach Metaverse, first of all, we

should have a "Virtual Reality Headset" device, this

device is placed in the eyes, ears, and hands.

After this, as of now, we have to open a Facebook

(Meta World) account and through account login, we

will get our entry into the Metaverse, and with the

help of a Virtual Reality Headset device, we will find

ourselves inside Metaverse.

At present, Facebook, which is now known as

Meta, has not yet given complete detailed information

about how we will be able to enter the Metaverse and

how we will be able to use it.

The future of the Metaverse is infinite and it

depends on how well it connects with other people

and makes things. Preparations are being made to

make Metaverse the biggest platform for E-

Commerce, E-Business, Education, Events, Games,

etc…

In the Education/Training Sector, Flexible

learning concepts with an interactive curriculum,

understanding a concept is much simpler if explained

in an interactive manner in a virtual environment.

Another example is – it is easier to understand the

process of launching a rocket by virtually

experiencing it from the space launch station.

Understanding step-by-step launch into orbit can be

represented visually, with the help of a virtual 3D

classroom setup.

In this way, two types of people will be found in

Metaverse, one who is in the role of the Customer of

this horizon world who wants to buy or rent the

goods, and the other are Merchants who want to sell

or rent these goods.

This means Metaverse will come as an

opportunity for many businesses, which will become

a means of earning or making a good amount of

money in a virtual or real mode.

In the E-Commerce Sector, the way we purchase

weapons, clothes, vehicles, etc for our characters in

mobile gaming, in the same way, Metaverse will also

provide us with a virtual platform where we can buy

or rent lands, houses, clothes, shoes, cars, and many

more things and for this, Metaverse is going to use

and has started using Cryptocurrency (Bitcoin) and

NFT(Non-Fungible Token) for financial transactions

and in terms of security, Blockchain Technology is

being used in all financial transactions to ensure that

all transactions in the Metaverse remain hack-free and

fully secure.

4 METAVERSE CHALLENGES

AND EFFECTS

Ever-evolving technologies have been driving

transformation in all walks of life. There is no doubt

that whenever there have been changes in technology

and technology has advanced a lot, whatever changes

have come in digital platforms, they have also made

a big change in our lifestyle somewhere in a good or

a bad way.

The way many people are facing various mental

and physical problems after too much usage of mobile

technology, so this automated reality world (3D

world) of Metaverse certainly affects the mental and

physical health of people.

After this, people will probably be physically

confined to their homes and active only in the virtual

world or Metaverse. They will spend most of their

time in virtual meetings with people's avatars, where

they will only be able to see their virtual feelings and

their own real feelings will be with them only. There's

a big difference between being in the real world and

experiencing the real world.

Perhaps then one would like to be left alone and

start treating this virtual world as the real world and

forget to differentiate between the real and virtual

world. And the way man is locked in a cage with

mobile technology, perhaps the man will spend his

whole life in a metaverse cage.

Jefferies Group LLC is an American

multinational independent investment bank that has

explained the metaverse as "The biggest disruptor to

how we live ever seen"

According to them, the metaverse will change:

• How we play.

• How we shop.

• How we look after our health.

• How we create new things.

But it will bring new challenges and risks as well,

1) Data Privacy Risk: Like virtual reality can catch all

your feeling through your eye-tracking and can

Reimagining the Future World with “Metaverse”

625

monitor all your physical reactions, so your more

personal data and action may be collected.

2) Protecting our children: We also have to protect

our children from this virtual world, as they immerse

themselves into these digital worlds and put on virtual

reality goggles we don't even know where they are

and what they are doing, we need to monitor our

children.

3) New Health Concerns: Due to immersive

Technology and too much usage of VR, people might

have a VR hangover or post-VR sadness after

experiencing this amazing immersive world and

suddenly coming back to the real world, which might

not feel exciting. Here I wish to quote that cyber

addiction will become a bigger problem especially

because of that tempting metaverse virtual world.

4) Virtual Crimes: Inappropriate behaviour and

desensitized actions will be a big challenge in the

virtual world. A person can fulfil his feelings and

thoughts through his avatar in the virtual world,

whereas he is not able to fulfil his feelings and

thoughts in the real world. Maybe he tries to kill

someone in the virtual world, or maybe he does an

inappropriate action with a female avatar that he

wants to do in the real world.

5) Identity Hacking Risk: The way people's

passwords, bank accounts, personal data, and social

media accounts get hacked in mobile technology, in

the same way, the identity of an avatar can be easily

hacked in the virtual world, it cannot be denied.

5 PROS OF METAVERSE

1. Easy and equal access to the general public.

2. Virtual Interaction with physical objects.

3. Shared virtual experiences with family and

friends.

4. More real virtual work collaboration with

colleagues like they are present in the same

workplace.

5. Efficient training sessions.

6. More new business opportunities.

6 CONS OF METAVERSE

1. Restricted access for some users.

2. Additional expenditure for purchasing or renting

the technologies needed to participate.

3. More business investments to maintain

metaverse objectives.

4. Likelihood of invasions of privacy.

5. Metaverse dependence for those looking to

escape reality.

7 CONCLUSIONS

It has been the nature of mankind that has embraced

every change and new technology with open arms and

always try to make it better. It has always been the

specialty of mankind that he is always engaged in the

new discovery and Innovations, which separates him

from other living beings.

Earlier we use to send letters to people living far

away, then the facility of making phone calls came,

after that the facility of real-time video calls and

messaging came, and now with the help of this virtual

reality Metaverse while talking we may touch and

feel each other. Perhaps this is what has inspired us

toward this virtual world of Metaverse. That's why we

call it beyond the world of today’s Internet.

No doubt, every change has some good and bad

aspects. The good aspects give a new flight to our

future and the bad aspects can be rectified. The

Metaverse is a new wing to our future, that will

completely change the technological way we

communicate today.

REFERENCES

https://appinventiv.com/blog/metaverse-in-education

https://www.meta.com

Bernard Marr & Co. Future - Business - Success, an Article

on metaverse.

https://www.jefferies.com/ Jefferies Group LLC.

Can the metaverse offer benefits for developing countries?

Randeep Sudano, Leg Petrov, Garima Gupta | March

09, 2022.

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and Consumer Electronics

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