What is a reversal economy and how will it explode in the coming years

Big companies like Facebook social networking site and Microsoft it Intend to develop a fully parallel digital world, Based on augmented reality that will require many resources, years and cooperation of different sectors to build Metaverso.

However, experts agree that it is unlikely that a single company will be able to build and sustain the online world, given that they calculate the market opportunity for metaverso It could reach $800 billion by 2024.

While Bank of America includes that metaverso It is among 14 technologies that will revolutionize our lives. He will understand countless virtual worlds, According to the newspaper BBC News.

“It will create a robust economy that spans from work to leisure, while transforming established industries and markets such as finance, banking, retail, education, health and fitness, as well as adult entertainment.”

They predicted that in 2030, “people will spend more time in the metaverse than they do in real life, but the concept is actually not new,” said the lead in developing several technological advancements and director of engineering at Google since 2012, given the different Online video games have been developing virtual worlds for decades, Not only the metaverse, but they have common ideas with it.

According to Mark Zuckerberg himself, founder of Facebook, in the digital world that will be the metaverse You can teleport like a hologram To be in the office without having to travel, to a concert with friends or to your parents’ room to catch up on what you’ve missed.”

But unlike today’s virtual reality, which is primarily used for video games, the metaverse is expected to happen It will cover entertainment, games, concerts, movies, work, education, etc.

Experts agreed that in the metaverse there is a long way to go before we see cyberspace realized, and remember that “Internet infrastructure, The feasibility of having a large number of participants interact with each other in real time, “Language and latency barriers are the main challenges,” said Thomas Fry, a former engineer at IBM.

“There will be a need for more powerful computers, graphics and video-processing chips that the most relevant companies in this sector such as NVDA, AMD or Intel already operate in. “

The development of all this technology represents new business opportunities for all companies that manufacture microchips.

However, the possibilities are endless, as astronomy students will be able to prepare themselves in the midst of colliding galaxies, art history classes, and will be able to secure a place at the Sistine Chapel, in medicine, and remote assistance; They may have room to grow and develop new services.

Therefore, users are increasingly turning to digital healthcare solutions, as the pandemic has exacerbated this trend, as well as in e-commerce, When giants like Amazon or Mercado Libre doubled their sales The metaverse is believed to lead consumers to buy more in virtual worlds.

Therefore, this new trade will need alternative currencies that coexist with existing money such as the dollar, the euro, the yen, the peso, etc. Then Benjamin Dean said that “the lines between physical reality and virtual reality are blurred and will continue to do so for the next decade.”

LG