The metaverse will change many industries in the years to come. How will the entertainment industry be affected?
Changes are already happening as the use of virtual reality increases. Look at concerts for example as they can be enjoyed in immersive surroundings. That was the case with a Travis Scott concert two years ago. Fans went to Fortnite to see that concert and others have followed in those footsteps. It is already possible to enter online casinos in the meta, though not for real money yet. However, in the near future it will be possible to bet live on your favorite team with great offers and bonuses for a horse bet that can be found here. Individual races are already translating into the meta.
The launch of a new single is always important for a performer, even an established one. Last year, BTS also chose Fortnite to introduce their new song to their many fans.
The pandemic has seriously affected the entertainment industry. Concerts in big stadiums are only just taking place again.
This virtual replica of what we call the real world has so many uses. It takes us into this virtual world and of course in the right place at the right time when the pandemic came along. Can’t go out? Just get that funny looking virtual headset on and you can be anywhere you want to.
Rather than go to a thrilling theme park, you can be transported to a virtual realty one. Just imagine the excitement of being on a roller coaster or being on the big wheel. What can be created in the metaverse can be something not able to be created in the real world.
It’s good for those who will provide the theme park (Disney are already working on one) as they aren’t so costly to build and maintain.
There may be plenty of technical words such as blockchain, immersive infotainment, mixed reality and metaverse itself, but you don’t need to fully understand them to enjoy what they have to offer.
Sports betting and online casinos are spending millions on research. They see the potential of the metaverse and anticipate it providing them with even higher profits. Video games already look spectacular, just imagine playing them on a virtual headset.
The actual headset may play a key role in the success of the metaverse. Just like 3D glasses, they do make you look a bit foolish. Get over that though because there’s great entertainment to be had. The cost of the virtual headsets is important. They need to come down in price in the future.
Cinemas are struggling to get back the audience they once had and the impact of the metaverse may make their job even harder. Movie fans have become used to streaming films rather than going to the cinema.
When it comes to the big blockbusters like ‘The Batman’ and ‘Jurassic World Dominion,’ you can still expect the big queues and record-breaking figures. When it comes to the run-of-the-mill releases, it’s a different story.
There are some who believe that there isn’t a rosy future at all for cinemas. Leda Alvim who writes for ABC News has even said they may “be considered obsolete.” If you can stay at home and watch movies using a virtual reality headset, then that is going to be a major threat.
It may also be the same with television as the metaverse takes hold. There will always be those who want to stick with what they have, so don’t expect them to disappear. The metaverse will create many changes in the entertainment industry, a fascinating time lies ahead of us.
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