Meta-commerce: Ecommerce On The Metaverse
Digital commerce is not the same as commerce of digital goods. On the Metaverse, the line between physical and digital goods is blurry. NFTs are a good example.
Digital commerce is not the same as commerce of digital goods. On the Metaverse, the line between physical and digital goods is blurry. NFTs are a good example.
With the basic idea that the metaverse will be a virtual world alongside and complementing our physical world, it follows that eCommerce will be part and parcel of the metaverse. After all, we buy sell things in the “real” world, so why not the metaverse? And you can be sure a company like Meta (née Facebook) wouldn’t be investing so heavily and so publicly in the metaverse if there wasn’t a buck in it.
In the blockchain world, you must have heard about “Web 2.0” and “Web 3.0” frequently. Web 2.0 is simply the web that we know today. Instead of static content, the web became a place for dynamic content, one where users are now able to interact with content published on the web. Web 3.0 is a Semantic Web. This means that rather than just searching for content based on keywords or numbers, we can use AI to understand the semantics (i.e. meaning) of the content on the web.
The term “Metaverse” has become a very hot keyword, especially in the world of technology and games. It is as known as a virtual space created from the Internet and augmented reality tools (such as VR glasses or other devices), to help us connect and interact with each other like a real society. The technologies related to Metaverse, i.e. VR, AR and Blockchain, are the key drivers driving the next generation of internet. Moreover, Metaverse is expected to support many industries in the future. With the outstanding development of the Internet and Smart phones, we are living in a flat world with 2D screens. However, this is not the final destination of the technology. The next destination is Metaverse.