How the Metaverse Will Change The Future of Work?

By reading the article “How the Metaverse Will Change The Future of Work?” published in Adaas Investment Magazine, you will get acquainted with metaverse technology and its impact on jobs in general. This level of familiarity can be enough when you need educational information about this topic.

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The speed of development of technologies affecting human life has increased to such an extent that it has caused concerns about losing jobs in many societies. Metaverse technology is also one of the most essential developing technologies that will greatly impact the future of many traditional and modern businesses.

In the following, we will examine how Metaverse will change works in the future so that you can make appropriate management and financial decisions for your business and adapt it to future conditions.

What is the Metaverse?

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You may have heard the term Metaverse a lot or seen videos related to this technology on social media. As in the article “What is Metaverse?” We have explained to you, that the definition of Metaverse by various sources is different, but the common point of all of them is a virtual world where users can perform various activities in the form of their avatars.

Metaverse worlds that are being developed by different companies, for example, Facebook’s Metaverse, provide different facilities to the users of that platform. In general, all of them are trying to develop a metaverse world where users can do the processes they do in the real world, even with fewer restrictions!

Many sources believe that the definition of the metaverse is still unclear and the projects that are being developed are the same as virtual reality projects but a little more advanced. This theory is more popular among people who are fewer experts, but it should be noted that the metaverse consists of a set of technologies that include:

Artificial Intelligence. (AI)

Artificial intelligence algorithms are penetrating more and more human life every day, and in the future, it is possible to predict the complete integration of human life with artificial intelligence technology. In Metaverse technology, a large part of its software would be developed by artificial intelligence algorithms.

Virtual Reality. (VR)

In order to be able to develop a believable virtual environment with a 360-degree viewing angle, we need virtual reality technology and its gadgets. To enter metaverse environments, we need to use this technology so that we can simulate a maximum experience in real life.

Augmented Reality. (AR)

As we mentioned before, the metaverse will be much bigger than a virtual reality environment. Part of the features of users’ metaverse avatars will be transferred to the real world by augmented reality technology, and this technology is of great importance that Apple’s metaverse focuses on and defines it as Mixed Reality.

Blockchain Technology

To develop a successful technology, we need to provide a database service with features such as decentralization and maximum transparency. The features that blockchain technology provides to developers and users make it is one of the most important technologies used in the metaverse.

With this feature, the possibility of fraud by manipulating the data stored in the database will reach the minimum possible value, and also the access of all users to the information will increase the maximum transparency feature and, as a result, trust in the platform.

Cryptocurrency

To develop a virtual world, we need virtual currency for user transactions with each other or with platforms. Among the features offered by digital currencies such as Bitcoin are decentralization and unlimited access to transactions by all users.

These features make cryptocurrencies the best choice for the development of a metaverse world. But it should be noted that due to the development of these worlds by large companies such as Facebook or Microsoft, the possibility of government intervention to enforce laws is very high, and as a result, the use of cryptocurrencies in the Metaverse can also be affected by it.

It is very obvious that the definition of metaverse technology is not limited to a more advanced virtual reality environment and in the future, it can be expected to become one of the necessary technologies for humans such as the Internet. So it can be expected that Metaverse will have a direct impact on the future of work.

What is the impact of the Metaverse on the future of work?

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More attention should be paid to the fact that any development of any technology will affect the various processes of human life, and Metaverse technology is no exception to this rule. For example, in the article “How will the Metaverse change the future of education?” We have mentioned the direct impact of this technology on the education industry and the possible possibilities for changes. This review can also be extended to the future of work.

Due to the features offered by Metaverse, many businesses will change their practices. Features that make much time, physical and political restrictions disappear and facilitate many processes for humans will be the result.

For example, instead of being in physical educational environments and using tools such as books and pens, educators and teachers should work on virtual platforms and by simulation software in metaverse environments.

Also, many jobs will be moved to the remote working model. In this case, employees can enter the company’s simulated environment through Metaverse from their homes. In this case, jobs such as office managers will also change and they must master the skills of monitoring the process and work affairs of avatars in metaverse environments.

Artists will present their exhibitions or concerts in the form of metaverse platforms such as Decentraland or SandBox. Doctors in Metaverse hospitals will visit patients, and as a result, Metaverse will change the future of all businesses.

These were just a few small examples of the impact of Metaverse on the business chain. This issue can be extended to all jobs and in each job the possibilities for changes after the impact of metaverse on it can be checked.

Concerns about the metaverse and the future of works

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Many people who follow the news of Metaverse development and other technologies such as artificial intelligence are worried about the loss of jobs or their replacement by robots. A useful method to study new phenomena and answer questions is to go back and study history when investigating similar phenomena to arrive at the answers to the questions.

If we go back, whenever a new technology was developed by humans, not only jobs did not decrease but also many new jobs were created.

For example, Internet technology can be considered the closest case to Metaverse technology. When no one believed that the applications of this technology would become an integral part of life, and after a while, everyone was worried about losing their jobs due to the advancement of Internet technology.

But the Internet has given birth to E-commerce as one of its many achievements. E-commerce gave rise to many businesses such as online stores. Online stores have also created jobs such as online store software developer, admin and customer support for online stores, advertising and digital marketing for online stores, and so on.

This review can also be extended to Metaverse technology. In 2022, most people have no idea how much the metaverse will influence their lives in the future, and after some time they realize it, they will worry about losing their jobs. But the Metaverse also creates a large number of jobs and there is no need to worry about the destruction of human jobs by this technology!

In conclusion, How does Metaverse change work?

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Metaverse technology, such as blockchain technologies or cryptocurrency, will be one of the most advanced future phenomena for humans, and its impact on various aspects of life, including jobs, cannot be ignored.

Metaverse will change the way and nature of many jobs in the future, and this issue should be examined for each industry individually to understand the possibilities for changes.

The important point for all the readers of this article is that this review should be done and strategies should be adopted to update business processes so that we can grow our business along with the growth of technologies such as metaverse.

The End Words

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