Creating a virtual world or curing our reality? The Metaverse as a lifechanging digital revolution

Pre-University Paper , 2022 , 19 Pages , Grade: 1,0

Communications - Public Relations, Advertising, Marketing, Social Media

This paper deals with the topic of Metaverse. The aim of this work was to identify and evaluate the possible opportunities and risks of a new digital world. For this purpose, all necessary technical terms are explained in the first part and then pros and cons are presented from different perspectives.

For more than three decades, Internet gives distinction to society. Ever since, there can be observed a digital evolution as a result of technological progress. Initially, the users of the first period of Internet, the Web1, were limited to access the information provided via websites. The interactivity between users and data sets was rendered possible for the first time after the transition to Web2. Consequently, people were enabled to create and share their own content through social media platforms such as Facebook, Instagram or Twitter. Now, the sector is about to take a step forward and develop a Web3 which envisions a decentralizing structure. In other words, this network aims to shift the control and power from the mentioned platforms on to their users. The Metaverse is a concept that bases upon this current transformation of the Internet. It is a matter of the expansion of presently existing possibilities prevailing in the web 3.

In an age in which the Earth has to cope with more dangers than ever, every investment that is made for future developments becomes more important and gains influence on the destiny of terrestrial life. While climate change poses a perilous threat to the planet, diseases and famines are only additional challenges the human race constantly faces all over the world. After the announcement on the part of Elon Musk in terms of a possible donation to the amount of 6 million dollars for countervailing worldwide hunger, the impact of this sort of contribution has come into consideration. Due to the fact that Elon Musk is only one of numerous entrepreneurs with a grand financial force, the question arising is whether investing in technological progress
is more expedient than investing in climate protection which will be examined by means of this paper.

Inhaltsverzeichnis (Table of Contents)

• Introduction
• The Concept of Metaverse
  • Metaverse Terminology
  • The Vision created by Mark Zuckerberg
• The Metaverse evaluated from different perspectives
  • Point of view of the vendors
  • Point of view of the users
• Chances
• Risks
• Process of Realization

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This paper aims to explore the concept of the Metaverse, examining its potential impact on society and the world. It will delve into the origins and evolution of the Metaverse, highlighting its potential benefits and drawbacks.

• The Metaverse as a new era of the internet
• The potential impact of the Metaverse on various industries and aspects of life
• The ethical and social implications of the Metaverse
• The technological challenges and opportunities associated with developing and implementing the Metaverse
• The role of companies like Meta in shaping the future of the Metaverse

Zusammenfassung der Kapitel (Chapter Summaries)

The first chapter introduces the concept of the Metaverse, tracing its evolution from Web1 to Web3 and emphasizing the significance of its development in an era of global challenges. The second chapter dives into the terminology of the Metaverse, exploring the concept of a virtual universe, its unique economies and currencies, and the role of blockchain technology and NFTs. The third chapter delves into the vision of Mark Zuckerberg, exploring his aspirations for a more immersive and connected internet experience. The chapter highlights Zuckerberg's key objectives, including enhanced connectivity, user experience, and the potential for social interaction within the Metaverse.

Schlüsselwörter (Keywords)

The key concepts explored in this paper include the Metaverse, Web3, blockchain technology, NFTs, digital avatars, virtual reality, augmented reality, mixed reality, and the impact of technology on society. The paper also focuses on the vision of companies like Meta and their role in shaping the future of the Metaverse.

• Grade: 1,0
• Author: Anonym (Author)
• Publication Year: 2022
• Pages: 19
• Catalog Number: V1388910
• ISBN (PDF): 9783346941480
• Language: English
• Tags: Metaverse, Meta, Mark Zuckerberg