The future of Metaverse in a nutshell

Many people believe that the Metaverse is a passing fad that will fade away soon. In reality, it is more likely a long-term, tectonic, and paradigm-shifting trend that is just getting started. However, the requirements for maintaining the same are enormous. For the transition of citizen-centric services and applications to Metaverse, 5G networks and other cutting-edge technologies such as AR/VR, AI & ML, and Blockchain will be required. To protect users in this virtual world, legal frameworks and regulatory rules must be strengthened. Renewable energy resources to power the Metaverse are also required. All of this, and more, must be put in place in order to provide innovative services to developing-country populations at a fraction of the cost.

Although governments may need to recognize the importance of Metaverse and jumpstart it, it will need to be developed and sustained with the help of 5G enterprises, the majority of which are in the private sector. This places a great deal of responsibility on both the government and the private sector; perhaps a public-private partnership is a viable option.

India could play a critical role in the development of the Citizen-Centric Metaverse. Governments are frequently chastised for being too slow to address emerging technologies and their implications for national growth and development, the advancement of its people, business in particular, and society at large. In this context, Metaverse should be regarded as a positive development. One thing is certain: the Indian technology governance and regulatory policy landscape is evolving, as global best practices are bound to influence policymakers' strategic decisions.

To participate in the digital revolution, all people, regardless of socioeconomic status, need access to the Metaverse.

So, imagine the newlyweds from Tamilnadu in their "Digital Avatars" appearing in front of the authority (again, in his Digital Avatar) for the marriage registration formality!

Metaverse, as a secure and bankable infrastructure for citizen services, provides the leap of faith required to transform governance. It is based on blockchain technology and provides a means for governments to improve transparency and accountability. Metaverse's future prospects are brimming with opportunities. And governments must take Metaverse seriously because it provides novel ways to generate employment, impart education, provide healthcare, and map urban planning. Governments can use Metaverse to blend the surreal and the real. What appears enigmatic will become palpable as this Extended Reality universe matures and evolves fully. "The Metaverse could serve as a type of bridge that, until very recently, would have been difficult to grasp," says Omar Sultan Al Olama, UAE's Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications. That bridge is now a work in progress, with the promise of transporting governments and the governed far and wide.

Scale your Metaverse projects with us

Future of the Metaverse

The concept of the metaverse has been around for decades, but advances in technology have made it increasingly possible to build one. The future of metaverse is still uncertain, but many experts believe that it will be a major part of our lives in the coming years. One of the main drivers of this is the increasing popularity of virtual and augmented reality technologies. With the development of more advanced and affordable VR and AR hardware, it is becoming more feasible to create fully immersive virtual worlds. Additionally, the growth of 5G networks and the internet of things (IoT) will also play a key role in enabling the metaverse by providing the necessary infrastructure for high-speed, low-latency communication. As virtual reality technology continues to advance, the demand for a metaverse development company and its metaverse development services will only increase as more businesses and individuals look towards metaverse software development.

The Metaverse will be one of the key technologies that will reshape the digital world in the coming years. According to a recent survey conducted by the technology company Ciena, 78% of business users worldwide are interested in leveraging the metaverse. That is why it is critical for businesses to prepare for this technology, strengthen blockchain capabilities, mitigate Metaverse and blockchain security risks, and embrace a new internet era.

It is estimated that by 2026, 25% of the world's population will spend at least one hour per day in the metaverse for digital activities such as work, shopping, education, social interaction, or entertainment. Furthermore, nearly a third of global businesses are expected to have metaverseready products and services by then.

Let's build together on Metaverse

Source: A droit Market Research 2021

Next Article

A comprehensive overview on Metaverse

Research

NFTs, or non-fungible tokens, became a popular topic in 2021's digital world, comprising digital music, trading cards, digital art, and photographs of animals. Know More

Blockchain is a network of decentralized nodes that holds data. It is an excellent approach for protecting sensitive data within the system. Know More

Workshop

The Rapid Strategy Workshop will also provide you with a clear roadmap for the execution of your project/product and insight into the ideal team needed to execute it. Learn more

It helps all the stakeholders of a product like a client, designer, developer, and product manager all get on the same page and avoid any information loss during communication and on-going development. Learn more

Why us

We provide transparency from day 0 at each and every step of the development cycle and it sets us apart from other development agencies. You can think of us as the extended team and partner to solve complex business problems using technology. Know more

We have developed around 50+ blockchain projects and helped companies to raise funds.
You can connect directly to our Metaverse developers using any of the above links.

Talk  to Metaverse Developer

Other Related Services From Rejolut

Cardano vs Solana
Cardano vs Solana

So, here we will be discussing one of the most top trending Blockchain protocols named Solana Vs other Blockchain protocols.

NFT Gaming

If you have been following the news lately, you much have seen videos of teens boasting about the insane money.

Solana Defi

Solana has been described by many as the next blockchain for launching decentralized financial applications.

Why Rejolut?

1 Reduce Cost

We’ll work with you to develop a true ‘MVP’ (Minimum Viable Product). We will “cut the fat” and design a lean product that has only the critical features.

2 Define Product Strategy

Designing a successful product is a science and we help implement the same Product Design frameworks used by the most successful products in the world (Ethereum, Solana, Hedera etc.)

3 Speed

In an industry where being first to market is critical, speed is essential. Rejolut's rapid prototyping framework(RPF) is the fastest, most effective way to take an idea to development. It is choreographed to ensure we gather an in-depth understanding of your idea in the shortest time possible.

4 Limit Your Risk

Rejolut RPF's helps you identify problem areas in your concept and business model. We will identify your weaknesses so you can make an informed business decision about the best path for your product.

Our Clients

We as a blockchain development company take your success personally as we strongly believe in a philosophy that "Your success is our success and as you grow, we grow." We go the extra mile to deliver you the best product.

BlockApps

CoinDCX

Tata Communications

Malaysian airline

Hedera HashGraph

Houm

Xeniapp

Jazeera airline

EarthId

Hbar Price

EarthTile

MentorBox

TaskBar

Siki

The Purpose Company

Hashing Systems

TraxSmart

DispalyRide

Infilect

Verified Network

What Our Clients Say

Don't just take our words for it

I have worked with developers from many countries for over 20 years on some of the most high traffic websites and apps in the world. The team at rejolut.com are some of most professional, hard working and intelligent developers I have ever worked with rejolut.com have worked tirelessly and gone beyond the call of duty in order to have our dapps ready for Hedera Hashgraph open access. They are truly exceptional and I can’t recommend them enough.
Joel Bruce
Co-founder, hbarprice.com and earthtile.io
Rejolut is staying at the forefront of technology. From participating in, and winning, hackathons to showcase their ability to implement almost any piece of code. To contributing in open source software for anyone in the world to benefit from the increased functionality. They’ve shown they can do it all.
Pablo Peillard
Founder, Hashing Systems
Enjoyed working with the Rejolut team. Professional and with a sound understanding of smart contracts and blockchain. Easy to work with and I highly recommend the team for future projects. Kudos!
Zhang
Founder, 200eth
They have great problem-solving skills. The best part is they very well understand the business fundamentals and at the same time are apt with domain knowledge.
Suyash Katyayani
CTO, Purplle

Think Big, Act Now & Scale Fast

Speed up your blockchain adoption with our proven framework.

We are located at