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Metaverse News

20% of people will spend an hour in the metaverse in 4 years due to safer identities

Early this year, Facebook’s daily active users fell for the first time in Meta’s almost two decades. Last month, the company announced its first quarterly sales decrease.

Facebook is only one illustration of how social media is evolving. From “anti-Instagram” programs like BeReal that promote authenticity to more direct social apps like Telegram and Discord that foster communities, Gen Z is creating new ways to communicate online.

This article will discuss how the metaverse is influencing social connectivity utilizing this information and recent technological advancements:

Impact of Generation Z

As 25% of the global population, Gen Z impacts culture and has $360 billion in disposable income. Businesses and brands invest a lot of money into knowing this generation and modifying their business plans.

We become more aware of this generation’s impact on the environment and its future as these outputs continue. This generation seeks sincerity and genuine connections in Wall Street, politics, marketing, and advertising. Billboards, magazines, and TV advertising are being replaced by influencer marketing and tangible experiences because Gen Z appreciates recommendations and views from the real world.

Metaverse: 2.0 of social media

Whether spurred on by the pandemic or just because a generation is spending more time online, everyone is seeking for novel ways to interact online. Follower count has been replaced by community and social media platforms that encourage real interactions. The future of social media is the metaverse. Why:

Online ≠ IRL

These brand-new social networks are unfriended at first. They are produced by strangers who share interests. Sandbox or Roblox. Every day, millions of people create a virtual persona and communicate with other users, knowing they may never actually meet. These connections are still crucial since these platforms provide users freedom over how they express themselves and engage.

Self expression is key

One thousand Gen Zers were polled, and more than half felt they could only be authentic online. 58% said they felt better about themselves because of their internet presence. Social networks must adapt if a person’s online identity is a continuation of their real identity. The control users have over their avatars and surroundings is demonstrated well by Everskies and Highrise. Static platforms are being replaced with a customized metaverse.

It’s all about experiences
Users can connect through actual occurrences in the metaverse rather than through static texts or videos. Beyond likes and following, it enables connections between people. User-generated content is now more prominent due to the emphasis on authenticity, and consumers want to have creative control over the experience. The average time that Roblox users spend creating and taking part in in-world activities is 150 minutes. A fifth of the population will spend an hour in the metaverse in four years.

Future?

There are countless prospects in the metaverse for social connectivity, professional, and economic progress. The metaverse provides a more secure and private online identity without the monitoring and judgment of social media.

Companies and communities will use the metaverse’s technology to create more robust direct-to-consumer connections if it develops similarly to conventional social media. How does that appear? Gen Z will make the choice.

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About Tina

20% of people will spend an hour in the metaverse in 4 years due to safer identitiesTina concentrates on all matters related to NFT and Web3. Tina uses social media to spot NFT trends and report unique news.

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