The Tech Education
  • News
  • Sports
  • Entertainment
    • Anime
    • Manga
    • Movies
  • Celebrity
    • Net Worth
    • Dating And Relationship
    • Lifestyle
  • Tech
  • Gaming
Search
© 2021- 2022 Digi Hind News Network. Tech Media Company. All Rights Reserved.
Reading: AVATOUR Bought a House For £1,000 In The Metaverse, The Future Of The Internet
Share
Aa
Aa
The Tech Education
  • News
  • Sports
  • Entertainment
  • Celebrity
  • Tech
  • Gaming
Search
  • News
  • Sports
  • Entertainment
    • Anime
    • Manga
    • Movies
  • Celebrity
    • Net Worth
    • Dating And Relationship
    • Lifestyle
  • Tech
  • Gaming
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
The Tech Education > Blog > Celebrity > AVATOUR Bought a House For £1,000 In The Metaverse, The Future Of The Internet
CelebrityCouplesDating And RelationshipEntertainmentNet Worth

AVATOUR Bought a House For £1,000 In The Metaverse, The Future Of The Internet

Shreya Jain
By Shreya Jain 8 months ago
AVATOUR Bought a House For £1,000
SHARE

At 5 Angel Way, I’m turning the lock on my new one-bedroom terrace. However, there are no neighbors, no chirping birds, and no clouds.

Contents
Why then wouldn’t someone simply visit Amazon or a store?So, would Dr Kostyk engage in a metaverse shopping spree?

My “house” is in Meta-Town, the metaverse’s newest British edition, which debuts on Friday.

The “new internet” is the metaverse, where you spend your days as an avatar in virtual environments while typically donning a VR headset.

The virtual world of MetaTown features stores, a subway stop, and even minigolf.

Read more:

  • Why Did Daft Punk Break Up: Daft Punk Has Announced That They Are Breaking Up After Being Together For 28 Years.
  • Cliff Richard Net Worth 2023: How Much Is Chris Cliff Richard Worth?
  • Jim Miller Ufc Net Worth 2023: How Many Ufc Wins Does Jim Miller Have?
  • Ron Howard Net Worth 2023: How Much Money Does Ron Howard Make?

According to some, technology will soon enable families to reconnect with distant relatives and colleagues to hold meetings thousands of miles apart. Additionally, there is a chance to earn money.

Because you only need to enter a website URL to access MetaTown, it is much more user-friendly for non-techies.

I created a digital version of myself after entering my name and email. The only options are for hair, skin, eye, and clothing colors. However, they might be realistic holograms in the future.

The grass square in the center of MetaTown’s commercial district, with a stage at one end and the mini golf course at the other, is where I begin my journey in this virtual world. Around me stored.

AVATOUR Bought a House For £1,000 update

BrandLab360, a Welsh tech company that created similar experiences for fashion brands and recognized the potential of creating an entire community, is the creator of this virtual neighborhood.

Dan O’Connell and Jennifer Drury came up with the idea. You can spend time with friends from all over the world, according to Jennifer. You could go shopping or to a concert together.

“It has a sense of community and connectivity that you don’t get from typical websites.”

There is a sense that money can be made as well.

Tech titans like Microsoft’s Bill Gates and Facebook’s now-Meta-named CEO Mark Zuckerberg are investing billions in the creation of such worlds.

Additionally, gamblers view it as an investment opportunity, hoping that as the popularity of these virtual worlds rises, a house they purchase for £1,000 today will be worth much more.

The value of purses or automobiles purchased in the metaverse might also rise. Dr Alena Kostyk, a lecturer at Glasgow University and a VR consumer expert, explains that tech companies are attempting to create a sense of exclusivity and prestige with metaverse purchases. The thought is that these things, whether a home or something else, could become desirable and increase in value.

But something isn’t always sought after just because it’s rare. A limited-edition toy called Beanie Babies was expected to appreciate. Despite buying into the trend, some people never succeeded financially.

Using virtual money to purchase NFTs—digital assets like my house or a piece of clothing—makes me feel a little out of my element.

I create a metaverse bank account as directed. I use my debit card to buy the cryptocurrency after that. I can then purchase my neutral, immaculate virtual property.

The color schemes on the walls and furniture can be changed by my avatar by hovering a cursor over them.

A study, a compact bathroom, and a sizable double bedroom are also provided. The sheets’ patterns and colors can be changed.

It’s similar to playing with a doll’s house online.

There are 6,000 plots available in MetaTown. 500 NFTs have already been sold, primarily to individuals in the technology sector, for about £1,000 in total.

By the end of the year, there will be 500 virtual shops, which is nearly 50 now.

Luxury brands have been quick to recognize the potential for profit in these worlds.

Gucci advertised digital “spaces” in a virtual Gucci Garden in May of last year so that customers could “try on” and purchase” limited-edition digital clothing.

In the action are companies like Ralph Lauren, Nike, and Balenciaga, which has hired a “chief metaverse officer” to create a virtual clothing line.

Estee Lauder and Deloitte have registered for virtual spaces, and MetaTown is in negotiations with two major UK supermarket chains and two from Europe.

I’m impressed when my avatar enters Maison Too Faced, an Estee Lauder store. It has pink bunnies running around in a heavenly garden.

There are games you can play to win discounts, and there are enormous products you can click on to go to the website and finish your purchase. You can click on items you like in a different clothing store called Hula to bring them up on the screen in a 360-degree view.

AVATOUR Bought a House For 1000 1

Why then wouldn’t someone simply visit Amazon or a store?

It depends on the type of shopper you are and whether you are motivated by the enjoyment of the experience or by doing it more for practical reasons, according to Dr Kostyk.

According to a lot of research, hedonistic shoppers respond much better to these kinds of interactive, immersive features. Some of it demonstrates that customers are even willing to pay higher prices.

Naturally, worries about safety, bullying, and sexual behavior arise. One user alleged that another user had touched their avatar.

Although Meta has promised to improve security, concerns are common, especially given that young people make up the majority of its user base.

So, would Dr Kostyk engage in a metaverse shopping spree?

It’s difficult to predict the future, but at this time, she responds, “No.”

Related

You Might Also Like

Who Is ‘The Marvel’ Star Jonathan Majors Dating In 2023?

Your Honor Season 3: Is It Officially Cancelled? Everything You Need To Know!

Godfather Of Harlem Season 4 Release Date (UK): All Updates Here That You Want To Know!

Campus Diaries Season 2 Release Date: Is The Next Season Coming?

Shrinking Season 2: Is It Officially Renewed Or Cancelled?

Share this Article
Facebook Twitter Whatsapp Whatsapp
Share
By Shreya Jain
Published Author and a versatile Content Writer with an experience of over 3 years in different niches like health, travel, software, fashion, lifestyle, and wellness with compelling story-telling and narration skills. I help businesses to create their distinctive identity in the industry using various marketing & SEO strategies to help them grow as a brand. I write well-researched articles, blog posts, social media descriptions, and website content to extend the reach of a company through highly impactful & cutting-edge content.
Previous Article love & marriage huntsville season 5 Love & Marriage: Huntsville Season 5 Release Date Status: Cancelled and Renewed?
Next Article Jennifer Lopez And Ben Affleck Tied The Knot Jennifer Lopez And Ben Affleck Have Tied The Knot? Know More:
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

TheTechEducation.com is a leading tech media house that provides comprehensive coverage of the latest trends, news, and insights in the world of technology. Read More About Us.

Our Core Team

Editor in Chief- Govind Dhiman

Senior Editor – Manish Kumar

Senior Author & Manager- Deepshikha Chaudhary

Author & Content Manager – Mehak Rajput

Contributor- Subhashree

Our Freelance Writers- Eliza Grace,  Bella

Quick Link

  • News
  • Sports
  • Entertainment
    • Anime
    • Manga
    • Movies
  • Celebrity
    • Net Worth
    • Dating And Relationship
    • Lifestyle
  • Tech
  • Gaming

Get in Touch

Branch Address: 302 Midas Residency, Jaipur, India, Rajasthan

Head Office: SCO-253, 2nd Floor, opp. Mini Secretariat, Sector 12, Karnal, Haryana 132001

Support Contact-

thetecheducation.com@gmail.com

Thetecheducation is a part of Digi Hind Pvt Ltd. Media Services.

Important Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Fact-Checking Policy
  • DMCA
  • Ethics Policy
  • Cookie Policy
  • Privacy Policy
  • Editorial Policy
  • Terms and Conditions
  • Our Team
  • Grievance Redressal
The Tech Education
Follow US

© 2021- 2023 Thetecheducation Media LLC. Proud Tech Media House

Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?