The metaverse is a fast-growing trend with a considerate penetration rate of users for various applications such as gaming, content creation, social interaction, learning & training, and online virtual shopping.
Major factors expected to drive the revenue growth include a growing focus on integrating digital and physical worlds using the Internet, increasing momentum and popularity of Mixed Reality, Augmented Reality, and Virtual Reality.
Today, several e-commerce players are adopting digital world services to showcase the products in the virtual world to gain real-world experience. There are leading players in the metaverse industry who are investing heavily into these areas. Going forward, 5G will effectively support the Metaverse and make it possible for digital words to function.
The growth is complementing the surge in online video gaming adoption and rising consumers preference for online shopping of retail products. A report says, the global gaming audience for e-sports is projected to reach 646 million by 2023. Such an increase in the gaming audiences has created a massive demand for the services market.
American multinational investment bank Goldman Sachs, calls metaverse a $8 trillion global opportunity by 2025 with India's own Metaverse-non-fungible technology economy—already worth an estimated $50-100 million annually— and is expected to touch $100 billion by 2025.
The report said that globally brands are already spending 2-5% of their digital budgets on NFTs (the most successful element of metaverse till date), and that could touch 30-40% in the next five years.
Notably, companies, especially those in non-tech sectors, are now increasingly investing in the technology for better engagement with customers, brand awareness expansion, and identification of new revenue streams.
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2:17 After Outlook faces outage, Microsoft finds ba.
The metaverse is a fast-growing trend with a considerate penetration rate of users for various applications such as gaming, content creation, social interaction, learning & training, and online virtual shopping.
Major factors expected to drive the revenue growth include a growing focus on integrating digital and physical worlds using the Internet, increasing momentum and popularity of Mixed Reality, Augmented Reality, and Virtual Reality.
Today, several e-commerce players are adopting digital world services to showcase the products in the virtual world to gain real-world experience. There are leading players in the metaverse industry who are investing heavily into these areas. Going forward, 5G will effectively support the Metaverse and make it possible for digital words to function.
The growth is complementing the surge in online video gaming adoption and rising consumers preference for online shopping of retail products. A report says, the global gaming audience for e-sports is projected to reach 646 million by 2023. Such an increase in the gaming audiences has created a massive demand for the services market.
American multinational investment bank Goldman Sachs, calls metaverse a $8 trillion global opportunity by 2025 with India's own Metaverse-non-fungible technology economy—already worth an estimated $50-100 million annually— and is expected to touch $100 billion by 2025.
The report said that globally brands are already spending 2-5% of their digital budgets on NFTs (the most successful element of metaverse till date), and that could touch 30-40% in the next five years.
Notably, companies, especially those in non-tech sectors, are now increasingly investing in the technology for better engagement with customers, brand awareness expansion, and identification of new revenue streams.
Today's Headline in NewsHours
0:00 Intro
2:17 After Outlook faces outage, Microsoft finds ba
Technology video | 83 views
The #metaverse has the potential to impact everything from employee engagement to the customer experience, omnichannel sales and marketing, product innovation, and community building. Examining its potential effect should be part of strategy discussions, with leaders accelerating their analysis of how the metaverse could drive a very different world within the next decade.
Of course, many questions remain to be answered including how virtual worlds will be balanced with the physical world to ensure the metaverse is built in a responsible manner, how it can be a safe environment for consumers, how closely it will align with the “open” vision of the next iteration of the internet, and whether technology can advance quickly enough to build the metaverse of our imagination.
The metaverse technology stack has four core building blocks: content and experiences, platforms (such as game engines), infrastructure and hardware (including devices and networks), and enablers (such as payment mechanisms and security).
Large technology companies, venture capital, private equity, start-ups, and established brands are seeking to capitalize on the metaverse opportunity. Corporations, venture capital, and private equity have already invested more than $120 billion in the metaverse in the first five months of 2022, more than double the $57 billion invested in all of 2021, a large part of it is driven by Microsoft’s planned acquisition of Activision for $69 billion. However, experts say, Metaverse is a double-edged sword.
With the vast and sophisticated data that will be collected within the metaverse, cybercriminals will be looking for ways to hack and game the system. Prevention of money laundering, microtransactions, intellectual property, and identity theft should be prioritized by financial firms building a metaverse, or offering products and services in one, so users feel safe using this technology. Because, as the saying goes, “with great power
Technology video | 103 views
The #metaverse represents the next step in the evolution of online interaction. Prior to the COVID-19 epidemic, online communities had already begun to displace their in-person counterparts. Now we are witnessing most of the enterprises insisting on the on-premise work or hybrid work style. Virtual style of working fever is getting washed off.
The metaverse, a modern technological marvel, offers a great virtual location for collaborative online activities. The popularity of these digital gatherings is rising rapidly because of the numerous mind-blowing benefits it offers. With this, individuals can create their own metaverse platforms for hosting events and discussing company growth plans. However, everyone prefers physical interaction, whereas traveling or physical presence is the bottleneck.
Metaverse gaming stands out as the most exciting and original of the current crop of business concepts. Extreme expansion is possible by 2023 and if you're a new company or an entrepreneur with lofty goals then the Concepts for games set in the metaverse may prove ideal.
The NASSCOM released a study with McKinsey & Company as knowledge partners, titled “Metaverse – Prepare to win” states that, while at-scale Metaverse adoption is likely to be 8-10 years away, and majority implementations are at POC or MVP stage, the space is witnessing strong early adoption. Enterprise Metaverse adoption maturity trends are similar to AI trends back in 2017.
In a survey conducted by McKinsey & Company, 57% CXOs in 2022 have Metaverse initiatives underway, both long- and short-term, compared to a similar survey conducted on AI adoption maturity in 2017.
Enterprises are starting to implement metaverse use-cases across the value chain. By 2030, sectors such as retail, manufacturing, media, healthcare, telecom, professional services and banking are likely to be major spend drivers of enterprise use cases in metaverse.
The potential
Technology video | 107 views
The adoption of the #metaverse is increasing as more and more people become interested in virtual environments and immersive experiences. The potential economic impact of the metaverse is difficult to predict with certainty, as the concept of the metaverse is still evolving and there are many factors that could influence its development and adoption.
There is no doubt that the metaverse has the potential to be a significant contributor to the global economy. Some companies, particularly those in the gaming industry, have already established a strong presence in the metaverse through virtual worlds and platforms like Second Life, Roblox, and Fortnite. In addition, major tech companies like Facebook and Google are investing heavily in the development of virtual reality and augmented reality technologies, which are key components of the metaverse.
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2:35 #Truecaller opens its largest office outside Sweden HQ in Bengaluru
3:13 Nepalese Prime Minister’s official Twitter account hacked
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Adoption of Metaverse continues to grow
Technology video | 101 views
जब से कोरोना ने दुनियां में एंट्री ली है, तब से ना जाने हमारी लाईफ में कितना परिवर्तन आया है, ये बतां पाना भी शायद मुश्किल है, इसने हमारी जीने के ढंग से लेकर रोजमर्रा के कामों में परिवर्तन ला दिया है, पहले वर्क फ्रॉम होम फिर बच्चों की वर्चुअल क्लास और उसके बाद में वर्चुअल शादियां, कोरोना की पाबंदियों ने शादियों की प्लानिंग में इतना बदलाव कर दिया है कि अब लोग वेडिंग फ्रॉम होम का ट्रेंड ले आये है, जिसे नाम दिया गया है Metaverse.
#TamilNadu #metaverse #metaverseexplainedinhindi #tamilnadubridemarried cousin #Indiasfirstmetaversewedding #MetaverseWeddingReception #Metaverseexplained #metaversevideo #metaversesepaisekaisekamaye #gameplay
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We are entering into another new age technology for digital exploration through metaverse, a concept that is gaining heavy traction. Assuming widespread adoption, with this people can connect online in enhanced ways, it opens up new attack surfaces for cybercriminals. Now major technology companies are reinventing the challenges associated to secure the metaverse and how cybersecurity vulnerabilities in the metaverse compare to those encountered by current internet users. Facebook plays a large role in connecting people online, but the concept of a metaverse goes far beyond a Facebook group or Facetime call. The metaverse enables companies to create “digital twins” that can use data and algorithms to influence decisions made by executives in real life. The metaverse is defined as a digital world that combines virtual and augmented reality. Individuals will navigate this online world – which can be identical to the real world or based on imagination, or some combination of both – by using digital avatars. Digital avatars and virtual reality headsets give a deeper glimpse into users’ real lives than anything that could have been expressed in social media. The intimate nature of the metaverse and the data it creates will provide ample opportunities for cybercriminals.
Some of the cybersecurity challenges with this new tech will be similar to what we are already familiar with on the internet. The continued rise of cybercrime has revealed just how lucrative it can be to hack into a company or an individual’s online accounts. However, along with the normal phishing, malware, and hacking we are familiar with, the metaverse will likely bring entirely new cybercrimes because of its infrastructure. The metaverse platform can also be a vulnerable digital ecosystem—where privacy issues, data breaches, and security risks could lurk behind its virtual spaces. Risk always happens when integration between these key components is not well-thought ou
Technology video | 126 views
The World Economic Forum has said that the metaverse, which allows people to interact with others in a computer-generated, multidimensional and multisensory virtual environment, can have a multi-trillion-dollar market impact, with billions of users in the coming decade.
One can define the metaverse as an unreal, immersive 3D environment, where one can feel events in ways we won’t be able to in the real world. Following Facebook’s rebranding to Meta, metaverse became the talk of the town in no time.
Many companies like Meta are primarily focused on creating hyper-real virtual reality environments on the metaverse. Others such as Hyundai, Microsoft, Nvidia, Gucci, and Nike are trying to create Metaverse environments to collaborate and work on various digital transformation projects.
Technology economics indicates that as adoption increases, costs inevitably drop, which is visible through today’s reality of $100 computers and low-cost software. According to the World Economic Forum, the real metaverse opportunity lies in creating meaningful and inclusive experiences at the intersection of the physical and digital worlds.
Giving an example of a metaverse in the working environment, the World Economic Forum noted that the pandemic has given rise to hybrid working. With metaverse’s immersive technologies, companies can encourage new forms of virtual employee engagement and productivity.
As per experts, Metaverse can open new ways to form communities, solve problems and create value. It can do wonders in on-the-job training, telemedicine, banking, or shopping. As organisations move to define their role in the metaverse, they should look beyond pursuing new revenue streams and understand their brand purpose of being there: to give consumers, employees and citizens a reason to join in.
Today's Headline in NewsHours
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2:33 Govt proposes multiple changes to insolvency law
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Technology video | 81 views
Samsung F23, Radheshyam Movie metaverse, Whatsapp, Russia Ukraine
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Tech news in Telugu #1051: Samsung F23, Radheshyam Movie metaverse, Whatsapp, Russia Ukraine
Technology video | 189 views
Metaverse is virtually shaping the world of work. It creates more opportunities for workers in and outside of the office as well as makes some jobs a lot easier. The metaverse promises to bring new levels of social connectedness, mobility, and collaboration to a world of virtual work. The metaverse is poised to reshape the world of work in at least four major ways: new immersive forms of team collaboration; the emergence of new digital, AI-enabled colleagues; the acceleration of learning and skills acquisition through virtualization and gamified technologies; and the eventual rise of a metaverse economy with completely new enterprises and work roles. The metaverse also opens up new possibilities to rethink the office and work environment, introducing elements of adventure, spontaneity, and surprise. A virtual office doesn’t have to be a drab, uniform corporate environment downtown; rather why not a beach location, an ocean cruise, or even another world? Our work colleagues in the metaverse will not be limited to the avatars of our real-world colleagues. Increasingly, we will be joined by an array of digital colleagues — highly realistic, AI-powered, human-like bots. The metaverse could also revolutionize training and skills development, drastically compressing the time needed to develop and acquire new skills. While still in its early stages, the emergent metaverse provides an opportunity for enterprises to reset the balance in hybrid and remote work, to recapture the spontaneity, interactivity, and fun of team-based working and learning, while maintaining the flexibility, productivity, and convenience of working from home.
We are seeing how the Metaverse can help build business brands and how it’ll bring the opportunity for the job seekers. Metaverses are immersive 3D digital worlds based on virtual reality gaming experiences. Multiplayer online games such as Fortnite already have many of the elements that make up a metaverse, including the ability to buy
Technology video | 110 views
Web 3.0 both emancipates the customer and provides a huge competitive advantage to businesses today. Moreover, it empowers customers to manage their data and avoid exchanging it with third-party organizations without using a browser.
Given long-prevailing concerns about how businesses use customer data, this could be a very positive development, restoring trust between brands and their
customers and enhancing overall customer experience. In a similar fashion, the #Metaverse is expected to have a significant impact on customer behavior.
Leveraging such next-gen platforms, customers will be able to access virtual storefronts, products and services from anywhere, at any time, without having to physically travel to a store. Aside from allowing customers to preview products in a way that is not possible in the physical world, it’ll allow for real-time data gathering and analysis, enabling businesses to offer a highly personalized shopping experience for each customer.
On the other hand, blockchain technology is reimagining day-to-day processes. When used the right way, blockchain is a next-generation technology that has the potential to unlock valuable data and revolutionize existing processes. Characteristics of blockchain, like immutability and decentralization, have made it attractive to the numerous industries where it has already been adopted.
Consider the finance sector, for instance. Traditionally, recording procedures in finance have used paper. Blockchain replicates the nature of this paper trail in the digital domain, with a permanent, unalterable record. Since block history cannot be removed, ownership can always be traced.
This sort of transparency significantly simplifies organizational processes and enables work to be done swiftly and without hindrance. Blockchain technology may also be able to eliminate the need for intermediaries in transactions, thereby eliminating
Technology video | 118 views
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BJP's OBC card did not work in Haryana? Jaat and Dalit vote turned upside down!
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Big Breaking: Chandigarh 'ਚ ਭਲਕੇ CM Mann ਦੀ ਕੈਬਿਨੇਟ ਮੀਟਿੰਗ, ਲਏ ਜਾਣਗੇ ਵੱਡੇ ਫੈਸਲੇ
Big Breaking: CM Mann's cabinet meeting tomorrow in Chandigarh, big decisions will be taken
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ਪੰਜਾਬ ਕਾਂਗਰਸ ਭਵਨ ਤੋਂ Raja Warring ਦੀ ਅਹਿਮ Press conference: LIVE
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IND vs SA | World Cup T20 2024 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs South Africa in the World Cup T20 2024 season! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the South Africa, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of World Cup T20 2024. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs SA | World Cup T20 2024 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 1130 views
IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Zimbawe in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Zimbawe, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 series. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 190 views
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Office Fun Challenge: Guess the Cricketers? #office #crictracker #cricketlover ????
Sports video | 581 views
IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Bangladesh in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Bangladesh, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 series. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 640 views
IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 series. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 598 views
IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 Final. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 217 views