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Questions and Answers
Which of the following industries will see an increase in demand for devices and accessories with the growth of the metaverse industry?
Which of the following industries will see an increase in demand for devices and accessories with the growth of the metaverse industry?
What is a challenge faced by metaverse development due to the requirement of prolonged use?
What is a challenge faced by metaverse development due to the requirement of prolonged use?
Which of the following is a driver of the metaverse market?
Which of the following is a driver of the metaverse market?
What is an outcome of the massive adoption of metaverse?
What is an outcome of the massive adoption of metaverse?
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What is a benefit of the integration of cutting-edge technologies in the metaverse?
What is a benefit of the integration of cutting-edge technologies in the metaverse?
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Which of the following is a challenge faced by the metaverse industry?
Which of the following is a challenge faced by the metaverse industry?
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What will be a result of the growth of the metaverse industry?
What will be a result of the growth of the metaverse industry?
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Which of the following is an opportunity area in the metaverse industry?
Which of the following is an opportunity area in the metaverse industry?
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What is the primary goal of the metaverse in gaming?
What is the primary goal of the metaverse in gaming?
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What percentage of adults in the US have a lot of awareness about Facebook's virtual reality project metaverse?
What percentage of adults in the US have a lot of awareness about Facebook's virtual reality project metaverse?
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What is the age group with the highest interest in Metaverse, according to the data?
What is the age group with the highest interest in Metaverse, according to the data?
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What is the term used to describe the technology that enables users to interact with the digital world in the metaverse?
What is the term used to describe the technology that enables users to interact with the digital world in the metaverse?
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What is the name of the company that owns the virtual reality project metaverse?
What is the name of the company that owns the virtual reality project metaverse?
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What is the primary feature of the metaverse in gaming?
What is the primary feature of the metaverse in gaming?
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What is the source of the data mentioned in the content?
What is the source of the data mentioned in the content?
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What has the metaverse in gaming industry contributed to?
What has the metaverse in gaming industry contributed to?
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What is the name of the metaverse-based game announced by Zhongqingbao in January 2022?
What is the name of the metaverse-based game announced by Zhongqingbao in January 2022?
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What is the result of Zhongqingbao's announcement of Brew Master in January 2022?
What is the result of Zhongqingbao's announcement of Brew Master in January 2022?
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What is the name of the blockchain gaming company that raised $360 million to build 'The Open Metaverse'?
What is the name of the blockchain gaming company that raised $360 million to build 'The Open Metaverse'?
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What is the benefit of metaverse in gaming in terms of social experience?
What is the benefit of metaverse in gaming in terms of social experience?
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What is the result of Dimension Studio's experimentation with metaverses for fashion brands?
What is the result of Dimension Studio's experimentation with metaverses for fashion brands?
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What is the scope of the gaming industry in the metaverse?
What is the scope of the gaming industry in the metaverse?
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What does the metaverse in gaming provide in terms of engagement and monetization?
What does the metaverse in gaming provide in terms of engagement and monetization?
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What is the purpose of the virtual production set-up created by a specific company?
What is the purpose of the virtual production set-up created by a specific company?
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What is a characteristic of the retail metaverse?
What is a characteristic of the retail metaverse?
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What can users do in a virtual storefront in the Metaverse?
What can users do in a virtual storefront in the Metaverse?
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Which of the following companies has filed for trademarks to start selling virtual goods?
Which of the following companies has filed for trademarks to start selling virtual goods?
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What is an example of a virtual world being used for political expression?
What is an example of a virtual world being used for political expression?
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What can companies do in the Metaverse to enhance customer experience?
What can companies do in the Metaverse to enhance customer experience?
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What can consumers do with their unique virtual avatar in the Metaverse?
What can consumers do with their unique virtual avatar in the Metaverse?
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Which of the following is a benefit of the Metaverse for companies?
Which of the following is a benefit of the Metaverse for companies?
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What is the name of the HoloLens software developed by Microsoft in collaboration with Case Western Reserve University and the Cleveland Clinic?
What is the name of the HoloLens software developed by Microsoft in collaboration with Case Western Reserve University and the Cleveland Clinic?
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What is the main purpose of a digital avatar in the metaverse for a patient?
What is the main purpose of a digital avatar in the metaverse for a patient?
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How can surgeons cooperate more efficiently in the metaverse?
How can surgeons cooperate more efficiently in the metaverse?
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What is the expected impact of the metaverse on teleconsultation and patient experience?
What is the expected impact of the metaverse on teleconsultation and patient experience?
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What is the potential benefit of integrating blockchain and cryptocurrency in the metaverse for healthcare?
What is the potential benefit of integrating blockchain and cryptocurrency in the metaverse for healthcare?
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What role is blockchain technology expected to play in the healthcare sector?
What role is blockchain technology expected to play in the healthcare sector?
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What is the name of the institution that collaborated with Microsoft and the National University Health System to use 3D holographic technology?
What is the name of the institution that collaborated with Microsoft and the National University Health System to use 3D holographic technology?
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What is the purpose of using 3D holographic technology in the collaboration between The National University of Singapore (NUS) Yong Loo Lin School of Medicine, Microsoft, and the National University Health System?
What is the purpose of using 3D holographic technology in the collaboration between The National University of Singapore (NUS) Yong Loo Lin School of Medicine, Microsoft, and the National University Health System?
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Study Notes
Ecosystem Map
- Closed/centralized ecosystem
Market Dynamics
- Integration of cutting-edge technologies such as blockchain, AR/VR, 3D reconstruction, and AI with Metaverse
- Adoption of NFTs for trading digital assets
- Demand among consumers for digitalization of identities in a virtual world
Market Drivers
- Internet penetration and adoption of 5G, 6G, and Edge Computing for better access to the virtual world
Market Challenges
- Risks of cyber threats
- Regulations imposed by government based on access and usage rate
- Lack of knowledge and skilled personnel for Metaverse development and operation
- High setup costs of technologies
- Customers avoiding prolonged use of VR headsets over health concerns
- Massive adoption of Metaverse would require a behavioral change of using headsets
Opportunity Areas
- VR/AR/MR devices industry scope
- Growth of Metaverse industry creates huge opportunity in VR/AR/MR devices industry
Social Media
- Awareness of Metaverse among US adults:
- 11% have a lot of awareness
- 25% have some awareness
- 26% have not much awareness
- 38% have no awareness at all
- Age-wise share of US adults interested in Metaverse:
- 18-34 years: 43%
- 35-44 years: 25%
- 45-64 years: 21%
- 65+ years: 11%
Gaming
- Metaverse in gaming provides enhanced:
- Way to interact and support favorite players
- Play-and-earn play-to-connect game options
- Engagement, virality, and monetization for games
- Creativity and social gaming experience
- Massive multiplayer online video games
- Content delivery, tech, and game designs
- US Virtual Reality and Augmented Reality Users:
- 2017: 37.6 million VR users, 22.5 million AR users
- 2018: 42.9 million VR users, 34.7 million AR users
- 2019: 51.8 million VR users, 40.7 million AR users
- 2020: 57.1 million VR users, 46.1 million AR users
- 2021: 68.7 million VR users, 59.6 million AR users
- Metaverse gaming instances:
- Brew Master, a new metaverse-based game, announced by Zhongqingbao
- Animoca Brands, a blockchain gaming company, raises $360 million to build 'The Open Metaverse’
- Dimension Studio made $6.5 million in revenues from experimenting with metaverses for fashion brands
Retail
- Retail Metaverse allows companies to build a presence and engage customers in interactive 3D format
- Virtual shopping and AR shopping technology to enable brands and retailers to set up a 3D 360 digital store
- Consumers can engage with products in real-time using their own unique virtual avatar
- Major companies getting into Metaverse for increased sales and enhanced customer experience
- Examples: Walmart, Zara, H&M, Nike, Sephora, Dyson, and many others
Healthcare
- In Metaverse, each patient will have a digital avatar, a 1:1 replica of their health data gathered from various sources
- Medical data will combine with information gathered elsewhere in the Metaverse ecosystem
- Metaverse can enable surgeons to meet in virtual operating rooms and cooperate more efficiently for surgery
- Metaverse can alter teleconsultation and patient experience by allowing doctors and patients to meet in a 3D clinic
- Metaverse can enhance remote monitoring experiences and develop digital treatments
- Integration of blockchain and cryptocurrency will enable patients to make healthcare payments
- Blockchain technology is likely to play a big role in maintaining data privacy in the healthcare sector
- Examples:
- The National University of Singapore (NUS) Yong Loo Lin School of Medicine announced a collaboration with Microsoft and the National University Health System to use 3D holographic technology for medical procedures and study anatomical structures.
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Description
Test your knowledge of the ecosystem map and market dynamics, including gaming, retail, entertainment, FMCG, healthcare, real estate, and e-commerce. Explore the integration of cutting-edge technologies and internet trends.
