The Future of Gaming and The Metaverse

19 Apr The Future of Gaming and The Metaverse

The metaverse is creating immersive customer experiences that have never been seen before. More companies are investing billions of dollars into the metaverse to take full advantage of this opportunity.

However, the main issue with the metaverse is that it is still a concept and it is unknown what the metaverse will look like. However, companies are beginning to define the metaverse. For instance, Meta CEO Mark Zuckerberg believes the metaverse is a virtual environment where people can interact with others digitally. Zuckerberg believes that Meta will be an internet that people can live in instead and not just observe.

How the Metaverse is Influencing the Gaming World

Companies in the gaming world are making monumental movement towards defining the metaverse concept, most notably Roblox and Epic Games.

Blockchain is a new technology that is transforming the gaming world. Prior to its existence, there was no definitive way to claim full ownership over in-game assets. However, the metaverse has changed this through the introduction of NFTs which are in-game items offered by several blockchain-based games that can be traded outside of the game to earn real cash. These games follow a play-to-earn model. Many gaming companies believe that the future will consist of gaming metaverses where users have ownership of in-game items.

Avatars are one of the defining aspects of metaverse games. Within these metaverses, players have virtual representations of themselves that live inside the metaverse and interact with others, just like they would in the real world.

Connecting Gaming and the Metaverse

The metaverse concept is not new in the gaming world. For years, gamers have been using the term to refer to their in-game experiences. It is often used to refer to battle royal games, which are considered by many to be a gaming metaverse prototype.

As the gaming world shifts to a model where in-game items are represented as NFTs, the metaverse concept will continue to develop. Additionally, many gaming platforms are increasingly incorporating VR and AR experiences into gameplay, making gaming metaverses more commonplace.

The influence of COVID-19 on the Metaverse

The metaverse gained more attraction during the recent COVID-19 lockdown. As more people looked to have realistic experiences when locked down, platforms offering a taste of gaming metaverses gained popularity. In an ever-changing world, the future of gaming hinges on the metaverse.