New normal and the metaverse

Once COVID-19 hit and governments around the world forced their citizens into lockdowns , life online suddenly became the experience of the majority . The pandemic saw reliance on online transactions and shopping soar . Furthermore , leading banks , fintechs , entertainment companies , retailers and tech giants all staked a claim in Meta . This has since prompted other companies to launch their own online metaverse equivalents , all built on Web3 technologies .

Peer-to-peer interaction

Today , Web3 technology enables the creation of decentralised networks and platforms that allow peerto-peer transactions as well as interactions without the need for intermediaries . This can lead to a more equitable distribution of power and resources . Web3 business innovations are considered the solutions to several key challenges that users face with Web2 , such as data breaches , compromised online security and privacy .

Augmented reality to become … reality ?

Could we be heading to a future that sees the majority of our interpersonal human interactions take place online ? Some experts absolutely think it ' s possible . According to Melanie Subin , a Director at The Future Today Institute in New York City , by 2030 , “ a large proportion of people will be in the metaverse in some way ”. She says some will simply use it “ only to fulfil work or educational obligations ”, while others “ will live the majority of their waking hours ' jacked in '.”

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