Metaverse - Revision history

Editor: Reverted edits by Techtrends (talk) to last revision by 197.210.76.44

2023-03-16T06:01:18Z

Reverted edits by Techtrends (talk) to last revision by 197.210.76.44

← Older revision		Revision as of 06:01, 16 March 2023
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−	~~The Metaverse Market~~: ~~Opportunities for Innovation and Growth~~	+	[[File:FuturisticTrainStation.jpg\|link=File:FuturisticTrainStation.jpg]]

−	The term "metaverse" has been buzzing around recently, with businesses and investors trying to figure out how they can take advantage of this emerging technology. The metaverse refers to a virtual world built on blockchain technology, where users can interact with each other in a virtual environment.	+	= Introduction =

−	~~Many experts believe~~ that the ~~metaverse could be~~ the future ~~of the internet~~, ~~with a market potential that could exceed trillions~~ of ~~dollars. In this article~~, ~~we will explore the opportunities that the metaverse presents to businesses~~ and ~~marketers~~.	+	The metaverse (sometimes referred to as extended reality) is a modern buzzword that has been associated with the Internet of the future. It has been described as a robust, responsive, inclusive, version of virtual experiences, environments and assets.

−	~~One of the most significant opportunities~~ of the metaverse is the ~~potential for new revenue streams. For example, gaming companies can create virtual in~~-~~game items that users can purchase with cryptocurrency, creating~~ a ~~new market for digital goods~~. ~~Additionally, real estate sales~~ in the metaverse ~~have already begun~~, ~~with some~~ virtual ~~properties selling for millions of dollars~~.	+	Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology, calls the metaverse “[https://theconversation.com/what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 A high-tech plan to Facebookify the world]”. He explains that in a June 2021 announcement, Facebook Chief Executive Mark Zuckerberg said the organisation would move away from its position as a social media company to becoming “a metaverse company”, functioning in an “embodied Internet” that blends real and virtual worlds more than ever before.

−	Apart from gaming and real estate, there are many other avenues for businesses to explore in the metaverse. For example, companies such as Nike and Gucci have already begun to experiment with virtual fashion shows and pop-up stores, creating a new opportunity for brands to interact with customers in a unique and engaging way.	+	= History =

−	~~Moreover, the~~ metaverse ~~presents some exciting marketing opportunities. Brands can create immersive experiences that allow users to interact with their products~~ in ~~a virtual environment~~. ~~Additionally,~~ the ~~metaverse allows for targeting~~ of ~~specific demographics where engagement~~ and ~~conversion rates can be higher, making it an attractive option for marketers~~.	+	The term 'metaverse' was first introduced in 1992 by science fiction writer Neal Stephenson. The author recognised the need to name the existence of a futuristic world that combined physical and fabricated reality.

−	~~The~~ metaverse ~~is still in its early stages~~, and ~~there~~ are ~~many unanswered questions about its feasibility and whether it will live up~~ to the ~~hype~~. ~~However, the potential for the metaverse to radically change~~ the ~~way we interact~~ with ~~the internet and each other is too significant~~ to ~~ignore. As the metaverse continues~~ to ~~develop, businesses and marketers~~ that are ~~early adopters stand to gain a significant competitive advantage~~.	+	In justifying the greater adoption of the term metaverse, Kelly says existing terms ‘don’t capture the new social relationships, sensory experiences and economic behaviours that are emerging along with these extensions to the virtual….Neologisms such as “the Cloud” or the “Internet of Things” have stuck with us precisely because they are handy ways to refer to technologies that are becoming increasingly important. The metaverse sits in this same category.’

−	~~In conclusion,~~ the metaverse market presents a significant opportunity for businesses and marketers to explore new revenue streams and engage with consumers in innovative ways. Brands that can leverage this technology and be early adopters stand to benefit from the unique opportunities that the metaverse has to offer.	+	= The possible impact of the metaverse =

−	~~Download PDF Brochure~~: ~~[https://www~~.~~marketresearchfuture~~.~~com/sample_request/10744~~ https://~~www.marketresearchfuture~~.com/~~sample_request/10744~~]	+	Kelly proposes ways in which new concepts such as the metaverse will shape society, politics and culture in a form of ‘“technological determinism”: the sense that advances in technology shape our social relations, power relations and culture in a way that helps to organise our societies more productively. Shared standards and protocols that bring disparate virtual worlds and augmented realities into a single, open metaverse could help people work together and cut down on duplication of effort.’
		+
		+	Kelly presents the example of a metaverse alliance that is being explored between private companies and the South Korean government. This alliance is attempting to work together to develop an open, national VR platform. Kelly writes, ‘A big part of this is finding ways to blend smartphones, 5G networks, augmented reality, virtual currencies and social networks to solve problems for society (and, more cynically, make profits).’
		+
		+	While arrangements such as the metaverse alliance may result in beneficial collaborations, there are also drawbacks associated with shifting a physical reality to one that is primarily based on virtual interactions. Kelly says that in a metaverse, varied realities are not compatible with ‘a “one-world world” - a reality that does not permit other realities.’
		+
		+	He suggests this may be limiting in terms of connections to people and the development of communities, despite the fact ‘it offers us limitless possibilities to overcome the constraints of the physical world; yet in doing so, only replaces them with constraints imposed by what the metaverse will allow.’
		+
		+	-----
		+	The article '[https://theconversation.com/what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 What is the metaverse? A high-tech plan to Facebookify the world]' was written by Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology. It was published on 6 August 2021 on The Conversation website under a Creative Commons license.
		+
		+	= Related articles on Designing Buildings Wiki =
		+
		+	* Augmented reality in construction.
		+	* Cloud computing.
		+	* Construction is an industry ripe for tech disruption.
		+	* Craft your Future.
		+	* How gamification can help achieve the UN's SDGs.
		+	* Internet of things IoT.
		+	* Non-fungible token NFT.
		+	* Virtual reality in construction.

	[[Category:Articles_needing_more_work]] [[Category:DCN_Definition]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:DCN_Software]] [[Category:Definitions]] [[Category:Research_/_Innovation]] [[Category:Construction_techniques]]		[[Category:Articles_needing_more_work]] [[Category:DCN_Definition]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:DCN_Software]] [[Category:Definitions]] [[Category:Research_/_Innovation]] [[Category:Construction_techniques]]

Techtrends at 04:46, 16 March 2023

2023-03-16T04:46:46Z

← Older revision		Revision as of 04:46, 16 March 2023
Line 1:		Line 1:
−	~~[[File~~:~~FuturisticTrainStation.jpg\|link=File:FuturisticTrainStation.jpg]]~~	+	The Metaverse Market: Opportunities for Innovation and Growth

−	~~= Introduction =~~	+	The term "metaverse" has been buzzing around recently, with businesses and investors trying to figure out how they can take advantage of this emerging technology. The metaverse refers to a virtual world built on blockchain technology, where users can interact with each other in a virtual environment.

−	~~The metaverse (sometimes referred to as extended reality) is a modern buzzword~~ that ~~has been associated with~~ the ~~Internet of~~ the future~~. It has been described as a robust~~, ~~responsive, inclusive, version~~ of ~~virtual experiences~~, ~~environments~~ and ~~assets~~.	+	Many experts believe that the metaverse could be the future of the internet, with a market potential that could exceed trillions of dollars. In this article, we will explore the opportunities that the metaverse presents to businesses and marketers.

−	~~Nick Kelly, Senior Lecturer in Interaction Design, Queensland University~~ of ~~Technology, calls~~ the metaverse ~~“[https://theconversation.com/what-~~is-the-~~metaverse-~~a~~-high-tech-plan-to-facebookify-the-world-165326 A high-tech plan to Facebookify the world]”~~. ~~He explains that~~ in ~~a June 2021 announcement, Facebook Chief Executive Mark Zuckerberg said~~ the ~~organisation would move away from its position as a social media company to becoming “a~~ metaverse ~~company”~~, ~~functioning in an “embodied Internet” that blends real and~~ virtual ~~worlds more than ever before~~.	+	One of the most significant opportunities of the metaverse is the potential for new revenue streams. For example, gaming companies can create virtual in-game items that users can purchase with cryptocurrency, creating a new market for digital goods. Additionally, real estate sales in the metaverse have already begun, with some virtual properties selling for millions of dollars.

−	~~= History =~~	+	Apart from gaming and real estate, there are many other avenues for businesses to explore in the metaverse. For example, companies such as Nike and Gucci have already begun to experiment with virtual fashion shows and pop-up stores, creating a new opportunity for brands to interact with customers in a unique and engaging way.

−	~~The term '~~metaverse~~' was first introduced~~ in ~~1992 by science fiction writer Neal Stephenson~~. ~~The author recognised~~ the ~~need to name the existence~~ of ~~a futuristic world that combined physical~~ and ~~fabricated reality~~.	+	Moreover, the metaverse presents some exciting marketing opportunities. Brands can create immersive experiences that allow users to interact with their products in a virtual environment. Additionally, the metaverse allows for targeting of specific demographics where engagement and conversion rates can be higher, making it an attractive option for marketers.

−	~~In justifying the greater adoption of the term~~ metaverse, ~~Kelly says existing terms ‘don’t capture the new social relationships, sensory experiences~~ and ~~economic behaviours that~~ are ~~emerging along with these extensions~~ to the ~~virtual…~~.~~Neologisms such as “the Cloud” or~~ the ~~“Internet of Things” have stuck~~ with ~~us precisely because they are handy ways~~ to ~~refer~~ to ~~technologies~~ that are ~~becoming increasingly important. The metaverse sits in this same category~~.’	+	The metaverse is still in its early stages, and there are many unanswered questions about its feasibility and whether it will live up to the hype. However, the potential for the metaverse to radically change the way we interact with the internet and each other is too significant to ignore. As the metaverse continues to develop, businesses and marketers that are early adopters stand to gain a significant competitive advantage.

−	~~= The possible impact of~~ the metaverse =	+	In conclusion, the metaverse market presents a significant opportunity for businesses and marketers to explore new revenue streams and engage with consumers in innovative ways. Brands that can leverage this technology and be early adopters stand to benefit from the unique opportunities that the metaverse has to offer.

−	~~Kelly proposes ways in which new concepts such as the metaverse will shape society, politics and culture in a form of ‘“technological determinism”~~: ~~the sense that advances in technology shape our social relations, power relations and culture in a way that helps to organise our societies more productively~~. ~~Shared standards and protocols that bring disparate virtual worlds and augmented realities into a single, open metaverse could help people work together and cut down on duplication of effort~~.’	+	Download PDF Brochure: [https://www.marketresearchfuture.com/sample_request/10744 https://www.marketresearchfuture.com/sample_request/10744]
−		+
−	Kelly presents the example of a metaverse alliance that is being explored between private companies and the South Korean government. This alliance is attempting to work together to develop an open, national VR platform. Kelly writes, ‘A big part of this is finding ways to blend smartphones, 5G networks, augmented reality, virtual currencies and social networks to solve problems for society (and, more cynically, make profits).’	+
−		+
−	While arrangements such as the metaverse alliance may result in beneficial collaborations, there are also drawbacks associated with shifting a physical reality to one that is primarily based on virtual interactions. Kelly says that in a metaverse, varied realities are not compatible with ‘a “one-world world” - a reality that does not permit other realities.’	+
−		+
−	He suggests this may be limiting in terms of connections to people and the development of communities, despite the fact ‘it offers us limitless possibilities to overcome the constraints of the physical world; yet in doing so, only replaces them with constraints imposed by what the metaverse will allow.’	+
−		+
−	~~-----~~	+
−	~~The article '[~~https://~~theconversation~~.com/~~what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 What is the metaverse? A high-tech plan to Facebookify the world~~]~~' was written by Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology. It was published on 6 August 2021 on The Conversation website under a Creative Commons license.~~	+
−		+
−	~~= Related articles on Designing Buildings Wiki =~~	+
−		+
−	* Augmented reality in construction.	+
−	* Cloud computing.	+
−	* Construction is an industry ripe for tech disruption.	+
−	* Craft your Future.	+
−	* How gamification can help achieve the UN's SDGs.	+
−	* Internet of things IoT.	+
−	* Non-fungible token NFT.	+
−	* Virtual reality in construction.	+

	[[Category:Articles_needing_more_work]] [[Category:DCN_Definition]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:DCN_Software]] [[Category:Definitions]] [[Category:Research_/_Innovation]] [[Category:Construction_techniques]]		[[Category:Articles_needing_more_work]] [[Category:DCN_Definition]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:DCN_Software]] [[Category:Definitions]] [[Category:Research_/_Innovation]] [[Category:Construction_techniques]]

197.210.76.44 at 17:58, 6 January 2022

2022-01-06T17:58:54Z

← Older revision		Revision as of 17:58, 6 January 2022
Line 37:		Line 37:
	* Virtual reality in construction.		* Virtual reality in construction.

−	[[Category:DCN_Definition]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:DCN_Software]] [[Category:Definitions]] [[Category:Research_/_Innovation]] [[Category:Construction_techniques]]	+	[[Category:Articles_needing_more_work]] [[Category:DCN_Definition]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:DCN_Software]] [[Category:Definitions]] [[Category:Research_/_Innovation]] [[Category:Construction_techniques]]

Designing Buildings at 06:47, 12 August 2021

2021-08-12T06:47:20Z

← Older revision		Revision as of 06:47, 12 August 2021
Line 3:		Line 3:
	= Introduction =		= Introduction =

−	The metaverse (sometimes referred to as extended reality) is a buzzword that has been associated with the Internet of the future. It has been described as a robust, responsive, inclusive, version of virtual experiences, environments and assets.	+	The metaverse (sometimes referred to as extended reality) is a modern buzzword that has been associated with the Internet of the future. It has been described as a robust, responsive, inclusive, version of virtual experiences, environments and assets.

	Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology, calls the metaverse “[https://theconversation.com/what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 A high-tech plan to Facebookify the world]”. He explains that in a June 2021 announcement, Facebook Chief Executive Mark Zuckerberg said the organisation would move away from its position as a social media company to becoming “a metaverse company”, functioning in an “embodied Internet” that blends real and virtual worlds more than ever before.		Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology, calls the metaverse “[https://theconversation.com/what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 A high-tech plan to Facebookify the world]”. He explains that in a June 2021 announcement, Facebook Chief Executive Mark Zuckerberg said the organisation would move away from its position as a social media company to becoming “a metaverse company”, functioning in an “embodied Internet” that blends real and virtual worlds more than ever before.
Line 9:		Line 9:
	= History =		= History =

−	~~Metaverse is a~~ term ~~that~~ was first introduced in 1992 by science fiction writer Neal Stephenson. The author recognised the need to name the existence of a futuristic world that combined physical and fabricated reality.	+	The term 'metaverse' was first introduced in 1992 by science fiction writer Neal Stephenson. The author recognised the need to name the existence of a futuristic world that combined physical and fabricated reality.

	In justifying the greater adoption of the term metaverse, Kelly says existing terms ‘don’t capture the new social relationships, sensory experiences and economic behaviours that are emerging along with these extensions to the virtual….Neologisms such as “the Cloud” or the “Internet of Things” have stuck with us precisely because they are handy ways to refer to technologies that are becoming increasingly important. The metaverse sits in this same category.’		In justifying the greater adoption of the term metaverse, Kelly says existing terms ‘don’t capture the new social relationships, sensory experiences and economic behaviours that are emerging along with these extensions to the virtual….Neologisms such as “the Cloud” or the “Internet of Things” have stuck with us precisely because they are handy ways to refer to technologies that are becoming increasingly important. The metaverse sits in this same category.’
Line 24:		Line 24:

	-----		-----
−	The article ~~entitled,~~ '[https://theconversation.com/what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 What is the metaverse? A high-tech plan to Facebookify the world]' was written by Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology. It was published on 6 August 2021 on The Conversation website under a Creative Commons license.	+	The article '[https://theconversation.com/what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 What is the metaverse? A high-tech plan to Facebookify the world]' was written by Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology. It was published on 6 August 2021 on The Conversation website under a Creative Commons license.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 14:34, 11 August 2021

2021-08-11T14:34:47Z

← Older revision		Revision as of 14:34, 11 August 2021
Line 3:		Line 3:
	= Introduction =		= Introduction =

−	The metaverse (sometimes referred to as extended reality) is a buzzword that has been associated with ~~an anticipated~~ Internet of the future. It has been described as a robust, responsive, inclusive, version of virtual experiences, environments and assets.	+	The metaverse (sometimes referred to as extended reality) is a buzzword that has been associated with the Internet of the future. It has been described as a robust, responsive, inclusive, version of virtual experiences, environments and assets.

	Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology, calls the metaverse “[https://theconversation.com/what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 A high-tech plan to Facebookify the world]”. He explains that in a June 2021 announcement, Facebook Chief Executive Mark Zuckerberg said the organisation would move away from its position as a social media company to becoming “a metaverse company”, functioning in an “embodied Internet” that blends real and virtual worlds more than ever before.		Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology, calls the metaverse “[https://theconversation.com/what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 A high-tech plan to Facebookify the world]”. He explains that in a June 2021 announcement, Facebook Chief Executive Mark Zuckerberg said the organisation would move away from its position as a social media company to becoming “a metaverse company”, functioning in an “embodied Internet” that blends real and virtual worlds more than ever before.
Line 9:		Line 9:
	= History =		= History =

−	Metaverse is a term that was introduced in 1992 by science fiction writer Neal Stephenson. The author recognised the need to name the existence of a futuristic world that combined physical and fabricated reality.	+	Metaverse is a term that was first introduced in 1992 by science fiction writer Neal Stephenson. The author recognised the need to name the existence of a futuristic world that combined physical and fabricated reality.

	In justifying the greater adoption of the term metaverse, Kelly says existing terms ‘don’t capture the new social relationships, sensory experiences and economic behaviours that are emerging along with these extensions to the virtual….Neologisms such as “the Cloud” or the “Internet of Things” have stuck with us precisely because they are handy ways to refer to technologies that are becoming increasingly important. The metaverse sits in this same category.’		In justifying the greater adoption of the term metaverse, Kelly says existing terms ‘don’t capture the new social relationships, sensory experiences and economic behaviours that are emerging along with these extensions to the virtual….Neologisms such as “the Cloud” or the “Internet of Things” have stuck with us precisely because they are handy ways to refer to technologies that are becoming increasingly important. The metaverse sits in this same category.’
Line 24:		Line 24:

	-----		-----
−	The ~~full~~ article entitled, '[https://theconversation.com/what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 What is the metaverse? A high-tech plan to Facebookify the world]' was written by Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology. It was published on 6 August 2021 on The Conversation website under a Creative Commons license.	+	The article entitled, '[https://theconversation.com/what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 What is the metaverse? A high-tech plan to Facebookify the world]' was written by Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology. It was published on 6 August 2021 on The Conversation website under a Creative Commons license.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 14:28, 11 August 2021

2021-08-11T14:28:44Z

← Older revision		Revision as of 14:28, 11 August 2021
Line 29:		Line 29:

	* Augmented reality in construction.		* Augmented reality in construction.
−	* Blockchain.
−	* Blockchains will change construction.
	* Cloud computing.		* Cloud computing.
	* Construction is an industry ripe for tech disruption.		* Construction is an industry ripe for tech disruption.

Editor at 14:24, 11 August 2021

2021-08-11T14:24:35Z

← Older revision		Revision as of 14:24, 11 August 2021
Line 1:		Line 1:
−	[[File:FuturisticTrainStation.jpg]]	+	[[File:FuturisticTrainStation.jpg\|link=File:FuturisticTrainStation.jpg]]

	= Introduction =		= Introduction =
Line 31:		Line 31:
	* Blockchain.		* Blockchain.
	* Blockchains will change construction.		* Blockchains will change construction.
		+	* Cloud computing.
	* Construction is an industry ripe for tech disruption.		* Construction is an industry ripe for tech disruption.
	* Craft your Future.		* Craft your Future.
	* How gamification can help achieve the UN's SDGs.		* How gamification can help achieve the UN's SDGs.
		+	* Internet of things IoT.
	* Non-fungible token NFT.		* Non-fungible token NFT.
	* Virtual reality in construction.		* Virtual reality in construction.

	[[Category:DCN_Definition]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:DCN_Software]] [[Category:Definitions]] [[Category:Research_/_Innovation]] [[Category:Construction_techniques]]		[[Category:DCN_Definition]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:DCN_Software]] [[Category:Definitions]] [[Category:Research_/_Innovation]] [[Category:Construction_techniques]]

Editor: Created page with "File:FuturisticTrainStation.jpg = Introduction = The metaverse (sometimes referred to as extended reality) is a buzzword that has been associated with an anticipated Intern..."

2021-08-11T14:19:45Z

Created page with "File:FuturisticTrainStation.jpg = Introduction = The metaverse (sometimes referred to as extended reality) is a buzzword that has been associated with an anticipated Intern..."

New page

[[File:FuturisticTrainStation.jpg]]

= Introduction =

The metaverse (sometimes referred to as extended reality) is a buzzword that has been associated with an anticipated Internet of the future. It has been described as a robust, responsive, inclusive, version of virtual experiences, environments and assets.

Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology, calls the metaverse “[https://theconversation.com/what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 A high-tech plan to Facebookify the world]”. He explains that in a June 2021 announcement, Facebook Chief Executive Mark Zuckerberg said the organisation would move away from its position as a social media company to becoming “a metaverse company”, functioning in an “embodied Internet” that blends real and virtual worlds more than ever before.

= History =

Metaverse is a term that was introduced in 1992 by science fiction writer Neal Stephenson. The author recognised the need to name the existence of a futuristic world that combined physical and fabricated reality.

In justifying the greater adoption of the term metaverse, Kelly says existing terms ‘don’t capture the new social relationships, sensory experiences and economic behaviours that are emerging along with these extensions to the virtual….Neologisms such as “the Cloud” or the “Internet of Things” have stuck with us precisely because they are handy ways to refer to technologies that are becoming increasingly important. The metaverse sits in this same category.’

= The possible impact of the metaverse =

Kelly proposes ways in which new concepts such as the metaverse will shape society, politics and culture in a form of ‘“technological determinism”: the sense that advances in technology shape our social relations, power relations and culture in a way that helps to organise our societies more productively. Shared standards and protocols that bring disparate virtual worlds and augmented realities into a single, open metaverse could help people work together and cut down on duplication of effort.’

Kelly presents the example of a metaverse alliance that is being explored between private companies and the South Korean government. This alliance is attempting to work together to develop an open, national VR platform. Kelly writes, ‘A big part of this is finding ways to blend smartphones, 5G networks, augmented reality, virtual currencies and social networks to solve problems for society (and, more cynically, make profits).’

While arrangements such as the metaverse alliance may result in beneficial collaborations, there are also drawbacks associated with shifting a physical reality to one that is primarily based on virtual interactions. Kelly says that in a metaverse, varied realities are not compatible with ‘a “one-world world” - a reality that does not permit other realities.’

He suggests this may be limiting in terms of connections to people and the development of communities, despite the fact ‘it offers us limitless possibilities to overcome the constraints of the physical world; yet in doing so, only replaces them with constraints imposed by what the metaverse will allow.’

-----
The full article entitled, '[https://theconversation.com/what-is-the-metaverse-a-high-tech-plan-to-facebookify-the-world-165326 What is the metaverse? A high-tech plan to Facebookify the world]' was written by Nick Kelly, Senior Lecturer in Interaction Design, Queensland University of Technology. It was published on 6 August 2021 on The Conversation website under a Creative Commons license.

= Related articles on Designing Buildings Wiki =

* Augmented reality in construction.
* Blockchain.
* Blockchains will change construction.
* Construction is an industry ripe for tech disruption.
* Craft your Future.
* How gamification can help achieve the UN's SDGs.
* Non-fungible token NFT.
* Virtual reality in construction.

[[Category:DCN_Definition]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:DCN_Software]] [[Category:Definitions]] [[Category:Research_/_Innovation]] [[Category:Construction_techniques]]