The opportunities and risks of Metaverse for small businesses
2022.07.23 06:01
The opportunities and risks of Metaverse for small businesses
The Metaverse has been become one of the biggest buzzwords in the blockchain and crypto, as it promises to provide a more immersive, interactive and collaborative experience than what the internet has accomplished to date.
This promise of a new world has huge enterprises like Meta (formally known as Facebook (NASDAQ:META)) investing huge sums in the budding space. When most hear the name Metaverse, their mind wanders to a few things: an avenue for global conglomerates to showcase their technology-forward bent, an esoteric product for a selected few to display nonfungible tokens (NFTs) or a new front in gaming development. However, a deep dive into Metaverse reveals a whole new world, a world full of new opportunities and risks for both consumers and businesses.
- Infrastructure: This layer is the semiconductors, material science, cloud computing and telecommunications networks that enable the construction of the layers over it.
- Human interface: The human interface layer refers to the hardware that will be used to access the metaverse. This includes everything from mobile devices to VR headsets.
- Decentralization: Build everything on a permissionless, distributed and democratized structure.
- Spatial computing: This layer refers to the software that brings objects into 3D and allows the hardware interface to interact with them.
- Creator economy: Make it easier for creators to make Metaverse projects and monetize them.
- Discovery (NASDAQ:WBD): Ways to discover the experience.
- Experience: Users can engage with games, social experiences, live music and so on.
