CNA looks at what the future could hold for a realm that many are aware of, but few understand.
Cracks spiderweb and splinter, but I can’t find a handhold despite several attempts. I try not to look down, but inevitably I do.
But rather than being perched atop a mountain of ice, I’m in Meta’s Marina One office as part of my first foray into an immersive virtual world. "It is quite common that different people they talk about metaverse, they have a different kind of a definition or understanding." “We wanted something ‘phygital’ - physical plus digital - put together. So at the physical wedding, we showcased the metaverse and it was interspersed with our whole wedding programme,” Mr Chan told CNA., guests could scan a QR code to redeem a NFT which served as a wedding favour.
Other tech companies have inched away from the metaverse. Just last month, a Reuters report said that the world's largest video game publisher Tencent Holdings would be abandoning plans to venture into virtual reality hardware.“Hardware costs and also the development costs are high - especially if we really want to have a high quality and also large scale metaverse,” said Prof Guan.
Students feel that learning is fun and interesting in such a “metaverse environment”, said Prof Cai. In addition, his research found that their academic performance improved as well.At a broader level, private education provider Aventis Graduate School announced a metaverse “roadmap” last year. As part of a move to make education more accessible and affordable for adult learners, the school has adopted “phygital” approach to learning.
“But they are really appreciative of the effort that we are pushing to educate them that actually the metaverse is nothing to be worried about … I think they are grateful that we provide a safe environment for them to explore and experience the metaverse,” he added. “The first and most important is to show the importance of building a more sustainable – hence better – world, in a different way, a more immersive, interactive way,” he explained. “The second is to engage and journey with new technology and a growing metaverse community as early as possible on what is potentially a long road to the full-fledged realisation of the metaverse.”
It provides an “ecosystem” to bring on board our businesses on the island and connect them with users, he added.SentosaLand was lanched earlier this year. "In recent years, we noticed that younger customers were increasingly using platforms like Roblox, Bondee, ifland, and more which require ultra-low latency seamless connectivity. With rapid digitalisation, demand for such immersive and interactive experiences are only going to grow."
Mr Warren Woon, co-founder of local metaverse platform Xctuality noted that the overall level of understanding of the metaverse is “relatively shallow”. This sometimes leads to “misconstrued concepts” and limited application of technology, he added. Experts too agree that the metaverse can still be accessed via other means such as smartphones and computers.
“The limitations are that the current state of technology and telecommunications still make it difficult to access and consume metaverse in its optimal form, and we need to create entry points into the metaverse that are easily accessible by the masses across different geographical markets,” he explained.
“Education is also important, how to behave properly in the metaverse. I think this will be brought into the agenda, maybe for the next generation of children because they have the chance to be more immersed in the metaverse. So it's very important for them to be educated.”Despite the various challenges, those who CNA spoke to remain bullish about the future of the metaverse.
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