IF some of the tech giants get their way, we will soon be shopping, getting our entertainment fix and even working in the metaverse. But are today's Internet users ready to take up residence in these virtual worlds?
A recent McKinsey report investigated how we're feeling about these various universes, touted by some industry watchers to be the future of the Internet.
In 1992, American author Neal Stephenson published his novel "Snow Crash," in which he outlined a universe that existed in parallel to physical reality where citizens interact as avatars. He gave it the name of metaverse.
Reality has now caught up with fiction, under the impetus of Mark Zuckerberg and other tech boffins in Silicon Valley. In May 2021, the boss of Meta told CNET that the metaverse will allow internet users to immerse themselves in virtual reality, rather than simply experiencing it from behind a screen.
However, many skeptics wonder how many of us earthlings will really show up. McKinsey provides some insight to the question through its survey of more than 1,000 American consumers between the ages of 13 and 70 about their understanding of these digital worlds.
While there is still no universal definition of the metaverse, 47% of those surveyed were able to describe it using keywords such as "immersive" and "interactive."
A majority of survey participants (55%) had also heard of platforms that are laying the groundwork for the metaverse, such as Roblox, Fortnite and Decentraland.
Nearly 30% have even tested the waters of the metaverse. Even more surprisingly, they expect to spend a lot of time on these virtual worlds in the near future.
Millennials and Gen Zers predict that they will spend more than four hours a day in such spaces within five years. Gen Xers, those born between 1960 and 1980, expect to spend 3.6 hours a day, compared to 1.8 hours for Baby Boomers.
So what will they do there? A lot of things, according to the McKinsey report. Shopping remains the most popular activity among respondents, followed by medical consultations and online courses.
Only 37% of respondents imagine participating in a business meeting in the metaverse, and 28% imagine dating in the metaverse.
ETX Studio
Mon Aug 22 2022
It is likely that internet users will soon spend several hours a day on the metaverse. - ETX Studio
UPNM cadet officer charged with injuring junior, stomping on him with spike boots
A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Elon Musk blasts Australia's planned ban on social media for children
Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.
Trump picks Pam Bondi for US Attorney General after Gaetz withdraws
Bondi was the top law enforcement officer of the country's third most populous state from 2011 to 2019, and served on Trump's Opioid and Drug Abuse Commission during his first administration.
Ringgit extends uptrend against greenback in early trade
At 8 am, the local currency climbed to 4.4600/4700 against the greenback.
Lebanon's only burn unit treats toddlers after Israeli strikes
The hospital hallways echo with the screams of children as anxious parents await news from doctors.
AI revolutionising sports to develop world-class athletes
Can a young Orang Asli child from Gua Musang, Kelantan be turned into an Olympic champion in 2036?
Selangor records 1,354 out-of-wedlock teen pregnancies from 2023 to Sept 2024
Anfaal Saari emphasises the seriousness of the issue, especially involving children and teenagers under 18 years old.
ICC issues arrest warrants for Netanyahu and Gallant
The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.
Elon Musk's Neuralink receives Canadian approval for brain chip trial
The study aims to assess the safety and initial functionality of its implant which enables people with quadriplegia.
Guitar bought by Beatles' teenage Harrison for GBP58 sells for more than GBP1 million
A guitar bought by George Harrison for about GBP58 has sold at auction for more than GBP1 million (US$1.27 million), the PA Media news agenc
Duct-taped banana goes for $6.2 mln in Sotheby's art auction
A piece of art that is little more than a banana duct-taped to a wall sold at auction to cryptocurrency entrepreneur.
Australian teen dies from tainted liquor in Laos; fourth suspected victim
Spurious liquor is a problem in Laos, with the govts of Australia and Britain warning citizens to be cautious when taking drinks there.
Woman found in freezer died from chest injuries - Police
Preliminary post-mortem report reveals that the victim died from chest injuries caused by blunt trauma.
Malaysia, Vietnam to further cooperate in multiple sectors - PM
Datuk Seri Anwar Ibrahim says the collaboration will also leverage the ASEAN Energy Grid to foster regional growth.
Australia launches 'landmark' bill to ban social media for children under 16
Australia plans to trial an age-verification system that may include biometrics or govt identification to enforce social media age cut-off.
Court orders PDRM to complete investigations into Beng Hock's death within six months
Judge says the claims and reliefs sought by the applicants are within the domain of public law both in pith and substance.
Zii Jia secures spot in BWF World Tour Finals
This will be Lee Zii Jia's third appearance at the season-ending tournament, following the 2020 and 2021 editions.
PM: Media freedom recognition needs improvement but 3Rs limit action
Datuk Seri Anwar Ibrahim says this stems from a request by the Malay rulers for the government to take a stricter stance on these matters.
Malaysian man to be publicly caned at mosque for Islamic crime of close proximity
This punishment involves caning, but what makes it unusual this time is the judge's decision for it to be conducted publicly.