Technology has made it possible to access your favorite betting platforms and casinos like Betway casino wherever you are, and at any time you choose. But, what if you could literally “enter” a virtual casino or game to do whatever you’re supposed to do? Thanks to the rise of the metaverse, we’ve never been closer to having such an experience. The metaverse has brought a new layer of innovation to the iGaming world. So, here’s what you need to know about games on the “new” Internet called the Metaverse.
Multiverse
In 2021, Mark Zuckerberg made sure that Meta would be all over the headlines when he rebranded Facebook (the company, not the social media platform) to Meta. The concept of metaverse was loosely borrowed from a sci-fi novel from 1992.
However, Zuckerberg’s brainchild isn’t the only digital universe out there. Companies like Microsoft, Entain, and Activision Blizzard are just some of the companies among over 500 others that are investing in the metaverse environment.
Entain, the British online gambling giant, plans to invest about 100 million British pounds in metaverse products. The company is also putting GBP 40 million into developing an “innovation center” called Ennovate. Microsoft’s move in this field was to acquire Activision Blizzard, as the CEO of Microsoft believes that video games have much in common with the metaverse.
Physical Obstacles
The expansion of the metaverse requires users to own gadgets like VR headsets and AR glasses. These gadgets have become more popular lately, but they are still not as widespread. Companies like Google, Meta, Sony PlayStation, and Microsoft, have their headsets already. However, such gadgets can still be expensive.
The highly detailed digital universe of the metaverse depends on high-speed Internet to function. While 5G might be nearly perfect, not everyone has access to the technology yet. Currently, 5G reaches about 30% of the world’s population, with only 10% of that outside of China.
Conquering the Metaverse – Challenges Ahead
The metaverse as a new version of the internet isn’t free from dangers and concerns, just as the current one isn’t. There are issues dealing with privacy, identity hacking, and even health issues.
The new VR headsets are implementing eye-tracking technology, collecting data about where you’re looking and for how long. Marketers couldn’t be more excited about it, as it can provide invaluable information for them. However, it also shows how advertisers and other players in the industry can get more invasive. It’s also more difficult to track what children do online, and new forms of interaction expose them to even more dangers.
Also, we have a new hangover to deal with, thanks to VR headsets. The “VR hangover” is a documented phenomenon that arises after long hours of using the headset. Some users also reported what is called “post-VR sadness” when they come to reality after such immersive experiences in the metaverse universe.
Recent numbers indicate that nearly 400,000 million people are already accessing the metaverse worldwide. Those numbers pale compared to the number of active internet users which stands at 4.66 billion. So, there’s so much room for expansion and improvement.
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