The emergence of alternate reality

The emergence of the Metaverse is perhaps a complete game changer for our world. Metaverse blurs the line between reality and virtual reality. Hence, whether people try to resist or ignore its features, it is possible that eventually people will get imprisoned in this alternate reality.

Metaverse will bring immense changes to the business world and the concept of investment. Already we see some companies trying to have their own currencies and economies for the virtual world. Facebook, for example, recently started its own currency called Libra—which failed because of a lack of trust among people towards Facebook and how it deals with people's data.

Covid-19 has taught us how reliant the world has become on technology. That is why if we here in Bangladesh fail to take full advantage of it, our companies and industries will surely get left behind. It is, therefore, essential for us to adopt these new technologies.

Companies should start building, exploring and trying to understand what virtual reality is really capable of. Organisations that rely heavily on having an online presence might try and find ways to incorporate it into their business models. Financial transactions of the future might be very different, thus, we should start experimenting with crypto currencies, which could possibly become a big part of the virtual world.