The billionaire Dallas Mavericks owner and avid crypto enthusiast is not sold on the metaverse.

Billionaire investor Mark Cuban has strong opinions about high-value real estate purchases taking place on decentralized blockchains. The metaverse loosely describes the emerging virtual world where people can shop, hang out with others and play. The idea of the Metaverse being this all-encompassing VR world is one that many are not intrigued by. While Metaverse landlords and other investors pour money into Metaverse real estate. The billionaire’s sentiments come as the increasing hype surrounding the digital universe seems to be fading away.

Mark Cuban calls Metaverse land buyers ‘dumb’:

Cuban is a public figure inside the world of cryptocurrency, a world that’s been intrinsically tied to the Metaverse. Without mentioning any specific crypto projects, Cuban said he would be less averse to metaverse real estate offerings once they have a community in place because they can find places with perceived value based on how the community works. In the interview, Cuban even went as far as to insult Metaverse real estate sold by BAYC creators Yuga Labs.

The Sandbox and Decentraland platforms enable investors to buy land as an NFT, which can be developed with virtual buildings or experiences or resold on secondary markets like NFT exchange OpenSea. The volume of land sales across some of the biggest metaverse platforms like the Sandbox, Decentraland, and Voxels was more than $60 million.

Cuban’s insistence that Metaverse real estate is stupid is shared by a lot of people. Since the end of last year, interest in the virtual property has waned substantially. However, Cuban said that as of right now, the definition of the metaverse is unclear, and it remains up in the air as to whether or not the technology will be fruitful. The metaverse is unclear, and it remains to be seen whether the technology will prosper in the future. 

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The Metaverse in Medicine can be defined as the medical Internet of Things facilitated using AR and VR glasses. Metaverse is evolving; it holds new potential in healthcare that combines technologies like AI, VR, AR, Internet of Medical Devices, Web 3.0, intelligent cloud, edge, and quantum computing along with robotics to provide new directions to healthcare.

Metaverse involves the convergence of telepresence, digital twinning, and blockchain major technological trends, which all have the potential to impact healthcare individually. Digital twinning will come about through our increasing ability to map and understand individual genetics, blockchains are actually just distributed and encrypted databases that allow data to be stored securely. The fact that health records are usually stored on centralized servers means that our data is at risk of being stolen. And doctors and nurses have found that they are able to more quickly and efficiently diagnose many of the minor conditions that make up the vast majority of their caseload via a telephone or video call. Telemedicine consultations, particularly through VR, mean patients are no longer limited to being treated by particular clinicians due to their physical location. VR is getting used by doctors and experts to train fellow doctors and medical staff. Together, though, they could create entirely new channels for delivering care that have the potential to lower costs and vastly improve patient outcomes. The Metaverse is already showing signs in digital therapeutics is seeing rapid adoption of this form of therapy, where VR and AR tech in the metaverse enables applications such as cognitive therapy, support groups, psychiatric evaluations, rehabilitation, and even physical therapy with the support of haptic sensors.

The Metaverse is expected to be an effective tool to help perform complicated surgical procedures and enhance patient care. As surgical procedures were already using robotics, now complicated surgeries are all set to use AR. And for efficient diagnosis using tech such as smart glasses.

The healthcare department of Radiology imaging will obviously benefit from the metaverse’s immersive visual capabilities, unleashing new capabilities in radiology. And there are some of the challenges of the metaverse in healthcare. Healthcare is often targeted by cybercriminals as a high-value and susceptible target and to enable the full potential of the metaverse in healthcare, it requires massive infrastructure to function.

Top 3 healthcare companies working on metaverse:

• Latus Healthcare: It is developing a “virtual hospital”. It comprises a virtual reality hospital environment, where treatments will at first be focused on physiotherapy services.

• iMining: The first-ever hospital foundation to be launched in the Decentraland Metaverse.

• Apollo hospitals: Apollo hospital group has announced a unique collaboration with ‘8chili Inc’ to enable engagement within the metaverse.

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When out-of-the-world experience defines the ultimate happiness for humans, Metaverse comes to hold the beacon. Dubbed the next iteration of the internet, the augmented reality-centered forum gives us to live in a surreal world. More so when it comes to enterprises who are on a constant hunt for designing never seen before products to lure consumers either to develop a sense of belonging to the product or to create new needs. The increasing use of AR / VR headset sales from 2017 to 2021, which almost shot up by 56% during this period, demonstrates how much acceptability Meta has gained amongst the consumers. Retailers not wanting to be left behind in giving their consumers unique and parallel to real-life experiences, are fast upping their game. Here are 5 examples of such innovative initiatives that entrepreneurs and consumers are grooving up to. 

Roblox

Roblox is known as a space for kids to create, play and engage with others. It became extremely popular at the height of the pandemic as parents relied on it to help their children continue to socialize. Roblox hosts games and virtual experiences that are created on its platform. This includes selling avatar customizations and Non-fungible Tokens (NFTs) to earn Robux, the platform’s digital currency. Roblox is one to watch because of its ability to allow companies to reach a key demographic that most leave out: future buyers.

Stageverse

Stageverse is available on Oculus Quest, iOS, and Android devices. Just visit your app store to download it. Stageverse is a social VR platform featuring virtual venues, interactive experiences, and digital content. The platform debuted with a 360-degree concert experience of Muse: Simulation Theory. The Stageverse platform allows multiple viewers to experience concerts together through 3D footage from multiple angles around the venue.

Spatial

Spatial is an augmented and virtual reality platform that brings collaboration to life. It lets users interact with one another in virtual rooms using VR headsets, mobile devices, or desktops. People can share content and ideas in real-time, and use the platform to work together virtually.

Efinity

Efinity is a metaverse that, at its core, is a space for artists to turn their digital artwork and other assets into blockchain NFTs. These flexible cross-platform NFTs can also uniquely be integrated into any space including games. This company boasts the hands-on approach of helping users manage and monetize their work in its virtual space. Efinity offers a market where artists can sell their work and foster the feeling of exclusivity through this NFT space.

Illuvium

Illuvium

L2 Network is the new blockchain network that provides a unique gaming environment for gamers. Players journey across vast and varied settings in order to track and capture miraculous deity-like creatures called Illuvium.

The game’s timeline for the Metaverse is interesting, providing players a taste of story-telling and cutting-edge design that makes the whole experience immersive.

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