When we think about metaverse in 2022, we do not have a clear picture of its full potential. At the same time, we are repeatedly told that metaverse and Web 3 will change the way we look at the world around us. It’s also poised to be the next trillion-dollar market. For those of us who have a bleak idea of the metaverse only through games like Roblox, figuring out how the metaverse will be so transformative can be difficult. According to experts, the key lies in the avatars.
Avatars are not mere 3D representations of what a person looks like. According to Sebastien Borget – COO of The Sandbox – avatars of the future will be much more capable than they are now. They’ll be able to reflect a person’s characteristics, moods, emotions, and a lot more. More importantly, these avatars also have the potential to be functional. Think of it as a digital tool, like a bot, that we can use for different things.
Companies like a16z and Microsoft are also working to make the metaverse a more utilitarian space. Microsoft, for example, is working towards bringing supply chain management to the metaverse. Most companies in the metaverse are actively working on gaming infrastructure development, and gaming will undoubtedly be one of the biggest areas of development in the metaverse.
As of now, we have no idea about the complete potential of the metaverse and Web 3. The possibilities seem to be endless, and only time will reveal them to us.