Metaverse platforms intentionally limit the size of their digital worlds, so they can parcel out pieces of land to be bought and sold on virtual real estate marketplaces.Across the top 4 metaverse platforms — Sandbox, Decentraland, Cryptovoxels, and Somnium — there were over $500 million worth of virtual real estate sales just last year. Virtual real estate got a boost during the pandemic, when people started spending more time online, and then another one when Facebook changed its name to Meta.

What Is Virtual Real Estate?

Virtual real estate is a highly speculative investment. Still, there are some basic principles to evaluating virtual real estate. <ul><li>Building something interactive on the land can raise a property’s value because it allows you to charge for admission or lease out space.</li><li>Heavily-trafficked areas are also going to be worth more. The more avatars that visit a property, the more you can make from foot traffic or selling ad space.</li><li>Being close to other valuable properties can make yours more valuable. </li><li>The value of virtual real estate depends entirely on how much other people value it — just like money.</li></ul>

How Much Is Virtual Real Estate Worth?

<ul><li>The future of the metaverse is still uncertain. </li><li>There’s no way to know which metaverse platforms will stand the test of time. </li><li> Digital land can be infinitely replicated. And yet scarcity of land is what gives it value. So virtual land is vulnerable to a high level of volatility.</li><li>When you buy virtual real estate, you’re also buying something that’s not tied to reality. People just don’t need virtual property the same way they need physical property. </li><li>Metaverse platforms rely heavily on blockchain technology. Most use cryptocurrencies for processing real estate transactions, which are highly vola<warningtag>tile in and of themselves. </warningtag></li></ul>

The Risks of Investing in Virtual Real Estate

Ultimately, the value of virtual real estate depends entirely on how much other people value it — just like money.

Stashed ideas

Is Virtual Real Estate in the Metaverse a Good Investment?

There are no definitive answers yet as to how the Metaverse will affect mental health and whether or not digital addiction will be an issue as a result. This issue of Metaverse addiction and how it will affect mental health and digital addictions, in general, is never too early to begin discussing.

Metaverse And Mental Health

The Metaverse is three-dimensional in comparison to the two-dimensionality of the internet. Avatars, or digital selves, are used to provide an immersive experience. Virtual and augmented reality may be used in the Metaverse to give users the feeling of being "within" the internet and interacting with other people, things, and assets in a virtual world. The future of the Metaverse is certain to bring a wide range of mental, physical, and emotional advantages, but there are also going to be drawbacks and undesirable side effects.

2022: The Year Metaverse Emerges

The Metaverse, according to a Facebook (Meta Platforms) leaker working on it, will be very addicting.The brain is the source of addiction and mental illness. Affecting the brain's pleasure centre, addictive substances and behaviours may lead to an addiction. Neurotransmitters like dopamine, which are associated with emotions of pleasure, are released in the brain when drugs or activities are associated with such sensations. To put it another way, the person has grown physically and mentally dependent on it.

Metaverse Addiction

Dopamine is released as you progress in a video game, such as through advancing to the next level. Every time you get a follow, like, remark, or another kind of interaction on social media, dopamine is released. Dopamine is released every time you make a profit or lose money in cryptocurrency trading and investing. It is projected that all virtual interactions would be more intensive and exciting than what we presently experience via our smartphones, tablets, and laptops. If you were to compare the Metaverse to fentanyl or crack cocaine, it would deliver a more intense and fast-acting high.

Constant Dopamine

Excessive digital usage has been linked to a wide range of mental health disorders, including sadness, irritability, stress, paranoid thoughts, somatic symptoms, and psychoses, in addition to other things. Virtual reality is utilized to treat PTSD, phobias, and other anxiety disorders, as well as delusions and hallucinations, while simultaneously highlighting the detrimental effects that technology may have. Modern technology has also transformed our access to both professional and non-professional sources of support, allowing us to seek and receive assistance from a wide spectrum of people.

How the Metaverse Affects Mental Health

Addiction to digital media may have disastrous repercussions on a person's physical, mental, emotional, financial, and social well-being. As a result, if you or someone you care about is experiencing symptoms of digital addiction, you should get professional assistance from a digital addiction expert. You should get help from an addiction therapist or psychiatrist specialized in digital addiction if you cannot control or limit your digital usage on your own.

Digital Media Addiction

In addition to reducing our ecological footprint and advancing medicine and education, the Metaverse promises to revolutionize our current technological age. In any case, much like with other forms of current technology, the Metaverse might lead to the same kinds of digital addictions and mental health problems that have plagued us in the past, such as Internet Addiction Disorder.

The Bottom Line

A new digital universe called the Metaverse will be created by the year 2022, but, There are no definitive answers yet as to how it will affect mental health

How Does the Metaverse Influence Our Mental Health?

A metaverse is a device and vendor-agnostic collective virtual open space that merges the physical and digital worlds. In that space, users can interact with each other through 3D avatars.The primary goal of Meta (formerly known as Facebook), Microsoft, NVIDIA, and other companies working on activities that take place in isolated virtual environments is to ultimately blend these realms into a single one - the Metaverse.

Metaverse for business: The basics

<ul><li>The media and entertainment industry is booming, but it's also starting to show the first signs of fatigue.</li><li>41% of consumers are now worried about the impact of the Internet on their well-being and mental health.</li><li>And independent content makers are moving to platforms like Substack and OnlyFans to monetize their articles and videos directly.</li></ul>

Why metaverse could be the next frontier for business

"Metaverse" is a multitude of things<ul><li>A virtual realm that can be an exact replica of the real physical world or a brand-new immersive environment with its own landscape and forms of creative expression.</li><li>An independent digital consumer-to-consumer economy enabled by digital currencies and non-fungible tokens.</li><li>It is a set of technologies that alter the very notion of place.</li><li>When we visit a website or load an app on our mobile devices, we don't get a feeling of actually going anywhere.</li></ul>

What you should know before stepping into the metaverse for business purposes

Technology-wise, the extended reality is the cornerstone of metaverse applications.Other technologies, such as artificial intelligence, cloud computing, and the Internet of Things also provide a foundation for virtual content creation, content mapping, and life-like interactions between users.

How does metaverse work under the hood?

The metaverse could fuel the creation of new business models:<ul><li>Buying digital land</li><li>Purchasing outfits and accessories for 3D avatars</li><li>Interacting with digital humans for employee onboarding, customer service, sales, etc.</li><li>Participating in virtual social experiences.</li></ul>

Metaverse business models and opportunities

<ul><li>Selling digital products is one of the key metaverse business opportunities. To facilitate this activity, content creators and buyers need to protect virtual assets.</li><li>Blockchain solutions in general, and non-fungible tokens in particular, come into play.</li><li>A NFT is an asset (image, video, audio clip, virtual real estate, or event tickets) that has been created using digital media. These assets bear marks of uniqueness, which can be recorded in an NFT card driven by blockchain technology.</li></ul>

The Metaverse economy and NFTs explained

<ul><li>The metaverse concept does not revolve around ditching reality in favor of a unicorn-populated world. It is an opportunity to escape the real world’s boundaries and enhance certain activities we perform online.</li><li>Benefits of metaverse include a more engaging and realistic online shopping experience, futuristic digital marketing, and risk-free modeling of business processes and operations.</li></ul>

Key reasons to use metaverse for business

Governments and prominent tech vendors alike should address the following issues:<ul><li>Ensuring a single point of entry to the global metaverse created by different companies.</li><li>Enforcing a set of metaverse implementation and content creation standards to provide a seamless user experience.</li><li>Regulating metaverses to avoid online toxicity, unauthorized personal data usage, and cybercrime.</li><li>Minimizing the metaverse's environmental impact.</li></ul>

How to Get into the Metaverse and reap its benefits faster

What is the metaverse exactly? How does the metaverse work? Most importantly, what are the metaverse business opportunities? Read on to find that out!

The Corporate Metaverse: A Complete Guide For Business Leaders

The Metaverse will likely drastically change the way we act interpersonally online by mimicking the serendipity and spontaneity of real-world interaction.However, developing these new social modalities will require AI-assisted and Fully AI-created content.

Metaverse: “A persistent, infinitely-scaling virtual space with its own economy and identity system.”

<ol><li>Professionally-created content</li><li>User-generated content</li><li>AI-assisted user-generated content</li><li>Fully AI-created content</li></ol>

The Four Stages of Content Creation:

We have only reached the first two of content creation in which single person and small multiplayer experiences are the norm.In this format, socializing remains focused on engaging in specific activities - e.g. completing tasks in a game.

The Present:

The volume of professionally-created content is limited because it is expensive to produce. Thus, user-generated content offers a promising new avenue forward, but content quality is an issue.Instead, using AI as a co-creator will allow for greater volumes of content, as lay people will be equipped with the tools to create quality content. With recent and continued developments to AI, building the Metaverse seems imminent.

The Future:

Socializing will shift away from task/plan specific entertainment toward spontaneous shared activities.AI-powered characters will be virtually indistinguishable from actual individuals, and social interactions will more closely resemble those in the real world.

Social Effects:

Through UGC and AI, we’re inching closer to the Metaverse. But the most exciting part of that vision is its potential to reinvent our social interactions.

Meet Me in the Metaverse | Andreessen Horowitz

<ul><li>The metaverse has the potential to fundamentally disrupt the content creation process.</li><li>It is slated to help creators make more interactive and immersive content, thanks in large part to advances in VR and AR.</li><li>The stakes will be raised as creators will be expected to build more immersive and interactive content than ever before.</li></ul>

Content Creation On The Metaverse

<ul><li>Creators will be tasked with creating the means through which users interact with content.</li><li>The metaverse will enable creators to develop more interactive and immersive content, thanks to AI-powered content, enhanced interactions with audience members, and opportunities to interact with fans and other audience members in new and deeper ways.</li></ul>

Glimpsing The Future Happening In Real-Time

The metaverse has vast potential to transform how creators develop content and interact with their audiences. The creators that will thrive moving forward will be the ones that understand how to level up their skills in their metaverse. Through creating more interactive and immersive content, leveraging new AI capabilities, and forging stronger audience relationships

Changing The Content Development And Consumption Process

Although the metaverse promises to touch nearly every person in our society, there’s one demographic that will almost certainly see disproportionately strong disruption: creators. 

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The Corporate Metaverse: A Complete Guide For Business Leaders

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The Metaverse Will Radically Change Content Creation Forever

Bite-sized knowledgeto upgradeyour career

#metaverse

TOP STASHERS

IDEAS ABOUT #metaverse

Is Virtual Real Estate in the Metaverse a Good Investment?

How Does the Metaverse Influence Our Mental Health?

It's time to

READ

LIKE

A PRO!

The Corporate Metaverse: A Complete Guide For Business Leaders

Meet Me in the Metaverse | Andreessen Horowitz

The Metaverse Will Radically Change Content Creation Forever

Bite-sized knowledge
to upgrade
your career