The next big thing concert movie#

However, today, the metaverse is all the rage and everyone, including most of the brands, is boldly embracing this trend. Perhaps, the concept was a bit ahead of its time. It allowed people to create an avatar for themselves and have a second life in an online virtual world.

The next big thing concert movie#

And of course, how can we forget the iconic Matrix movie that depicted the mindboggling concept of the virtual world, right? Still, wondering what does the metaverse really mean? Remember Second Life? Set up by developer Linden Lab in 2003, it was the first mainstream iteration of the Metaverse. So, What Is The Metaverse, Exactly?Ībout three decades ago in 1992, the American science fiction writer Neal Stephenson coined the term “metaverse” in his novel ‘Snow Crush’. And it’s the huge hype around the tech that’s propelling investors to spend millions on digital lands on the metaverse. But the mumblings around this technology suddenly grew into shouts when Mark Zuckerberg announced the rebranding of Facebook to Meta late last year. It has always existed in games and on websites. Hard to believe? Welcome to the world of the metaverse. And you’re doing it all without leaving your home. You instantly teleport as a hologram at your virtual office and you’re excited to wrap up work early to catch up with your friends to attend a concert that’s happening thousands of miles away. You relax and unwind there for a while before you head to your virtual meeting room at 10 a.m. Let’s just picture this: you put on a pair of glasses and you’re transported to a beautiful island.

And not just properties, people are also buying other products, building life-like models, taking trips, and attending concerts - all in the virtual world. Now, it sounds absurd, isn’t it? Investors are pouring millions of dollars to own a piece of digital property in the virtual world.

Well, they spent real money to buy fictitious “land” in a virtual world. Do you know recently, a person bought a plot of land for US$450,000? Also, a real estate company bought a piece of land for US$2.43 million.