Metaverse Investing: How nfts, Web 0, Virtual Land and vr are Going to Change the World as We Know It

Dystopian Nightmare

A deeper philosophical root lies behind this question about the metaverse. The topic is not necessarily connected to business or investment, but it is relevant for anyone who wants to embrace Web 3.0. Some people and organizations are worried about the metaverse's potential to create a dystopian future.
There is some science behind their argument. You see, our perception of time works differently in virtual environments. For instance, it is very easy to lose track of time when we are gaming, especially in virtual worlds like World of Warcraft. Social media has a similar effect on us. As such, there is a concern that we will lose track of time in a metaverse, which can lead to addiction and mental illness. People have even suggested that the world will descend into chaos, like in the movie Ready Player One.
We should not let this unfounded fear of science and technology get the better of us. First of all, the metaverse pushing the world into chaos is unrealistic considering 40% of the world population is not even online yet (Johnson, 2021). We also will not embrace this technology overnight. Rather, we will adopt it gradually, like we have in Web 2.0.
Secondly, data suggest that people are already aware of this danger. Participants in a Loup Funds survey were asked about the repercussions of leaving reality behind. In the survey, 88.1% of the participants expressed positive initial feelings toward the metaverse, and 69% said they would prefer to spend large parts of their day in a virtual world if it would provide a better experience than the real world. Finally, when asked if the metaverse scared them, 71.4% answered no (Munster & Bocchicchio, 2019).
The interesting part is that, when asked what scared them about the metaverse, participants expressed concern about not being able to distinguish virtual from reality. There was also concern that people would lose touch with real interpersonal relationships, making them less resilient to real-life problems. Looks like users are excited about the metaverse while being aware of the risks. This goes on to show that the metaverse is in fact the next big thing, and humanity is ready for it.