Metaverse Possibilities Beyond
22 June 2022 | Metaverse | Blockchain | Web3.0

With the emergence of the Metaverse, there will be a Paradigm shift in Human Consciousness. The immersive nature enables Love and Human consciousness to transcend space in the Metaverse.
The Metaverse is still being defined, both literally and figuratively. It is a gaming platform, a virtual retail destination, a training tool, an advertising channel, a digital classroom, and a new gateway to digital experiences. The Metaverse seems to be whatever people’s imaginations dream it to be. But today, the Metaverse remains challenging to define, even though the term has been circulating for decades. We know that beyond the hype, the Metaverse is real, potentially revolutionary, and has the makings of a significant opportunity.
Metaverse and Web3
Metaverse gets power from web3. Web3 proclaims a decentralized ecosystem in which individuals own, monetize, and utilize their data for their benefit,
- Blockchain offers a permanent, single source of truth.
- Digital assets on a blockchain value portability and permanence
- Smart contracts containing conditional programming and self-executing applications
Metaverse applications built on Web3 benefit from permanence, functionality, and interoperability more than traditional Web 2.0 AR/VR experiences. (unmanifested form in web 2.0)
Digital assets are a core component of the Web3 tech stack, and access to these is central to future metaverse design. Wallets with cryptocurrencies, digital equities, stablecoins, and NFTs in the form of skins, tools, and even virtual real estate are critical to the Metaverse.
Assets are on the same blockchain as the metaverse venue (for example, Ethereum, Polygon), but cross-chain bridges enable greater portability of digital assets between different metaverse venues.
Core services to evolve alongside emerging technologies for the Web3 Metaverse to fulfil its fullest potential.
Evolving Consumer Behaviour and Business use cases
Mckinsey Research Suggest that Almost 60 per cent of consumers are excited about the transition of everyday activities to the Metaverse, with social connectivity, socializing and communicating with family and friends being the primary driver.

Business Model around Metaverse Senior Executive view, report by Mckinsey suggests that Early adopters are also seeking different capabilities compared with their peers. Early adopters are most interested in capabilities around building business models, infrastructure and back-end engineering, blockchain and e-commerce payments, product design, and branding and corporate strategy. Contemplators share building business models, infrastructure and back-end engineering, and product design among their top five capability needs but also require legal, risk, and compliance expertise and analytics.

The Immersive Metaverse world will get you digital Nirvana, opening up the endless possibilities for humanity.
This article is a part of knowledge-sharing series on Metaverse, compiled from various sources.For suggestion and observations write to prabir@trst01.com
Reference McKinsey, NyTimes
- Footprint Lite – Embracing SME September 24, 2023
- Footprint ESG – Embracing Enterprise September 14, 2023
- Empowering Tomorrow: Innovation, Pivoting, and Sustainability at TRST01 August 27, 2023
- TRST01Chain for Scope 3 Reporting August 12, 2023
- Intelligence of AI with Footprint by TRST01 July 23, 2023
- Generation Z’s Impact on Climate Action July 17, 2023
- Assessing Sustainability: ESG Scorecard Model July 8, 2023
- Introducing TRST01Chain June 26, 2023
- QR Codes and Blockchain Technology June 22, 2023
- EUDR and Sustainable Procurement: The Role of TRST01 June 7, 2023
- Footprint by TRST01 : Revolutionising ESG Reporting with AI and Blockchain May 17, 2023
- Sustainability Unleashed: Carbon Footprints, Web3, and ESG in Climate Action April 26, 2023
- The Web3 Revolution in Food & Agriculture Supply Chain Management with TRST01 April 12, 2023
- Supply Chain Sustainability: Leveraging TRST01’s Web3 Framework to Reduce Carbon Footprints April 12, 2023
- Web3 Setting the Stage for Net Zero! April 1, 2023
- Engaging GenZ in the Metaverse to Conserve Forests March 19, 2023
- Here’s Why Data and Climate Action Go Hand in Hand! March 10, 2023
- Why ESG is the Latest Buzz Word March 5, 2023
- The What and Why of MRV in Climate Action March 1, 2023
- ESG Reporting Tool February 16, 2023
- Democratisation, Decarbonisation and Decentralisation February 3, 2023
- Future is NOW January 30, 2023
- Connecting Climate, Agriculture and food through web3 Innovation January 24, 2023
- Food Supply Chain Carbon Footprint January 24, 2023
- Connecting the Dots Sustainable Agriculture, Climate Change and Value Creation January 18, 2023
- Chat GPT, Blockchain and Climate Action January 16, 2023
- Climate Awakening and Web3 January 13, 2023
- 2023 and Blockchain Adoption January 2, 2023
- Everything on Blockchain is NOT Crypto Currency December 20, 2022
- Blockchain technology helped Tandur tur dal bag GI tag in Telangana December 18, 2022
Share Blog on: