Top Use Cases of Metaverse that You Should Follow in 2023
Metaverse is no longer a fictional concept anymore. It is emerging as a grand reality with the arrival of next-gen technologies like Blockchain, NFTs, AR (Augmented Reality), VR (Virtual Reality), IoT, etc. According to Mark Zuckerberg, “Metaverse isn’t a thing a company builds. It’s the next chapter of the internet overall.”
First coined in the science-fiction novel ‘Snow Crash’ in 1991, the idea of Metaverse received prominence in 2021 when Mark Zuckerberg rebranded Facebook, his parent company, into Meta. Since then, enterprises have been quite keen to explore unlimited possibilities in this decentralized universal 3D platform with the help of experienced Metaverse app developers.
In this post, we will going to discuss:
Top Metaverse Use Cases in 2023 that You Must Know
Healthcare
Metaverse has already started to upgrade the health industry with the introduction of virtual 3D clinics, immersive telemedicine consultations, digital twin technology, and so on to serve patients with a top-quality personalized solution throughout the year.
Moreover, the arrival of Metaverse is also enhancing the scope of collaboration among doctors and other health experts to jointly deal with complicated health problems both within and outside the digital world. It is due to Metaverse that doctors have more scopes to leverage the capabilities of applications like 3D Organon, The Human Anatomy, etc. to work on new and innovative surgical strategies to save patient’s lives.
At the moment, the global market value of the Metaverse in the healthcare segment is over $9.5 billion which will experience a massive revenue growth of $79.6 billion in 2028. So, if you are interested in joining this Metaverse segment, seeking help from a reliable Metaverse development company will be very much helpful.
Gaming
As one of the prominent Metaverse use cases, it always tempts enterprises of all sizes to earn surplus dividends and returns throughout the year. The game industry has witnessed the power of Metaverse with the huge success of advanced game applications like Axie Infinity, Decentraland, Gods Unchained, and so on.
In such games, users have the opportunity to regulate in-game assets with the help of Blockchain and NFTs. Similarly, they also have the privilege to introduce new levels and characters and monetize earned rewards with the deployment of profitable models like Play-to-Earn, Pay-to-Earn, transaction fees, and so on.
Education
The quality of education has tremendously improved with the deployment of AR & VR. Now in the Metaverse, the experience of learning and teaching will be more elevated in the digital and real worlds quite naturally.
In the Metaverse, students will have the option to participate in classroom discussions through their virtual avatars. Moreover, they will also have the privilege to grasp complex lessons of science and mathematics in a more simulated learning environment.
Similarly, education institutes will also have the privilege to organize various academic programs, career fairs, and cultural events with the help of Metaverse where students shall have the option to participate from anywhere either in a virtual disguise or in their normal appearance.
Currently, the prospect of Metaverse in the education industry is quite bright. Hence, to shine in this segment, you must establish contact with a reputed Metaverse development company.
Real Estate & Construction
Even the sectors of real estate and construction have emerged as one of the leading Metaverse use cases where chances of deriving profits and returns are always very high. Empowered with the Metaverse, real-estate owners are now providing immersive virtual property tours to their customers from anywhere quite conveniently.
Similarly, the arrival of Metaverse is also letting people tokenize their existing and earned real estate properties in the digital and real worlds quite effortlessly with the help of NFTs and blockchain technologies. As a result, they are getting options to sell or lease their properties either in real cash or in cryptos to ensure surplus revenue growth.
Similarly, in the construction segment, Metaverse will guide trainee workers to receive more realistic and value-driven training opportunities in a simulated project site to avoid accidental injury or death.
Already many construction companies are bringing out virtual training applications like Training of Riggers that will allow workers to obtain safe and secured training quite efficiently with the support of professional Metaverse app developers.
Tourism
As one of the emerging Metaverse use cases, targeting this segment for your business will always serve you with surplus revenue generation throughout the year.
Harnessing the power of Metaverse, many tour and travel agencies are helping travelers obtain an immersive virtual tour experience covering various travel destinations of the world. This eventually allows them to select their upcoming vacation spots quite effortlessly.
It is anticipated that in 2026, the global market value of Metaverse in the tourism industry will reach the market value of $188.24 billion. So, to establish your business in this industry, communicating with a leading tech-based enterprise will help you to succeed.
Closing Statement
Metaverse is gaining prominence across industries like gaming, education, healthcare, tourism, and so on. This presents a big opportunity for enterprises of all sizes to reap surplus dividends in this decentralized 3D world quite smoothly.
However, to maintain success and growth in this digital world, you have to look for unique ideas to witness outstanding results on time.
