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What Is Happening On The Metaverse, And What’s Its Growth Looking Like For Q4?

BlockNews Team by BlockNews Team
October 8, 2022
in Guides, Metaverse, Opinion
Reading Time: 4 mins read
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The Metaverse is known as the most exciting landscape in Web 3, and the Metaverse contains all the other aspects of the blockchain industry, NFTs and GameFi, and more. 

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Holographic Phone Chats

Innovations have been discussed for the Metaverse, like hologram phone chats. The idea of this would be as opposed to just seeing a real-time video. Users would be able to see a 3D virtual person like a hologram. 

The operators of mobile companies like Vodafone, Deutsche Telekom, and Orange have partnered up with the severe tech company MATSUKO which is responsible for spearheading the move towards 3D calls. The company with Slovenian roots is responsible for developing a technology focused on making Star Wars holograms. Still, it uses a similar technique to create more life-like holograms. 

The telecommunications companies recently announced their participation in a pilot program to test holographic calls, aiming to create a better broadcasting quality and experience.

The Metaverse In The Art and Entertainment Space

The Metaverse is immersed in the entertainment space, with the Sheramoo theatre built on the Metaverse now offering its virtual visitors a newly curated screening experience alongside other film experiences.

Shemaroo is the first domestic entity to offer a movie theater created on the Metaverse space. This feature will begin on the 7th of this month. This proposed experience will happen on decentraland while in partnership with Filmfare, another leading Metaverse consulting and development company. Shemaroo plans to spread the influence of Bollywood on a space with a global audience and show iconic hits.

The Metaverse is also a space for artists to display their works and NFTs in Metaverse-created galleries with a global audience. There are people and creations from all over the world, all existing in one space; the Metaverse. 

The Metaverse In The Banking Sector 

The Metaverse leads you to imagine a world where you can do all the banking activities that would usually require you present at a bank in the comfort of your home. If the Metaverse is incorporated into banking, customers could withdraw from automated virtual machines and even go as far as sponsoring events using the Metaverse. 

All this could be possible if the banking sector could push beyond the boundaries of what is possible with the help of the Metaverse.

The Metaverse And GameFi

More games are being created on the Metaverse, offering a more exciting experience. A world out of the realities of many, where they can play games in a play-to-earn system and build their characters in 3D. The Metaverse being included in GameFi is an excellent concept for gamers as they can now feel even more as though they are actually in their games and experience the thrill even more.

Metaverse And Fashion

The Metaverse is being included even in fashion shows, with designers going as far as planning to host runways on the Metaverse, there would be dresses designed on there, and the showgoers could be treated to a show of watching a virtual reality of designs. 

The Metaverse And Music 

It is no news that there have been concerts held on the Metaverse, from musicians like Ariana Grande and Blackpink, alongside others, the Metaverse has found its way deep into day-to-day activities.

There is still so much that could come out of the internet and be built on the Metaverse, now is the perfect time to join the space. It has not even begun to touch all the potential that it has. 

The Metaverse remains so much of a mystery to people, even those who are on other aspects of the Web 3 ecosystem. The sector can blow up, even more, create more opportunities for people to find their niches, open up even more business opportunities, and play its part in enhancing the economy. 

The last months of the year look bright for the Metaverse as innovations continue to be built on it, and new plans are set out to make it even more significant. Yet still, the Metaverse is just in its early stage, and it has the potential to blow up even more and change the virtual living world as it is known now. 

Conclusion

The Metaverse has a great chance of doing well for Q4; it would be thrilling to see how well it can do, especially in anticipation of a new year.

Tags: Blockchaincryptometaverse
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