Metaverse: Digital world with potential for gaming and gambling?

The term "metaverse" is circulating more and more in the media. According to a YouGov study, as a game - Verband der Deutschen Games-Branche e.V. announced this week that over 24 million Germans are open to the metaverse. However, 6 out of ten Germans had never heard of it.

According to the game, every third German over the age of 16 could imagine using the Metaverse. However, the willingness to use it varies greatly.

For example, 7% said they would definitely visit the Metaverse. 15%, on the other hand, would prefer to learn a little more about it, and 13% wanted to wait until it had become established. Surprisingly, 60% had never heard anything about it, given the high media attention.

What is the Metaverse?

The hype around the Metaverse began after Facebook CEO Mark Zuckerberg announced the new name for the social media platform. Since then, reports surrounding the virtual world have filled the media. But what can interested users imagine under the Metaverse?

The Metaverse is the link between the virtual and the real world. Users can create a perfect alter ego and live a "Second Life." Users have full control over what they own, how they look, and what they do. The possibilities are limitless.

The metaverse is a virtual world that is interconnected. Each user can choose which world he wants to live in. He can pursue a job there and cultivate his interests in his free time. He can also leave this world again if he wants to get to know something new. All interactions take place in real-time.

Users who are open to the metaverse are interested in the numerous opportunities offered by the virtual world. These include playing games together, visiting virtual concerts and exhibitions, and shopping together.

For gambling fans, even visits to a casino or an arcade are said to be possible. It is already known that the website https://cricketbetting10.in/ is introducing online gambling into the Metaverse. Some respondents could also imagine using the Metaverse for professional purposes, such as organizing digital meetings.

A high value of digital spaces

The pandemic has shown that digital spaces already play an essential role in the lives of millions of people, said game CEO, Felix Falk.

This is not limited to messenger services alone but extends to immersive interaction:

"Therefore, both companies and technologies from the games industry play a central role in the Metaverse ideas. In addition to 3D engines, virtual and augmented reality glasses, network technologies and concepts from game design are also coming together here and step by step filling the metaverse concept, which many people observe with interest to skepticism or even still completely unknown."

Multinational corporations such as Facebook and Microsoft are already planning investments worth billions. Even sporting goods manufacturer Nike had already created the "Nikeland" on its online gaming platform Roblox in November last year.

According to the business portal Finanzen, even major retail chain Walmart is planning to jump on the Metaverse bandwagon to create its own digital world.

Unlike, in reality, space in the digital world is unlimited. Nevertheless, some people want to own this land. Platforms like The Sandbox and Decentraland, which sell virtual land, were founded specifically for this purpose.

However, the prices can certainly be compared with those in the real world. For example, Janine Yorio from the U.S. sells private islands for USD 300,000 each through her virtual brokerage firm on The Sandbox platform. Customers could also choose whether they wanted to live next to a famous musician or actor.

In addition, according to Focus, the Metaverse will cooperate with brands such as Shaun the Sheep, Smurfs, The Walking Dead, and Lucky Bears. Furthermore, owners could participate in exclusive events by purchasing a neighboring virtual property.