5 metaverse trends that will shape the next decade

The opinions expressed by entrepreneurs contributors are their own.

In times of economic uncertainty, you can find unique entrepreneurial ideas emerging in the metaverse, often spurring industry innovation and unlocking new opportunities for businesses and individuals. As the metaverse continues to grow, here are five trends that will shape the next 10 years:

1. Creation of virtual content

3D modeling has been used for many decades in almost every industry, such as gaming, engineering, and architecture. All products, buildings, characters and environments were created using 3D computer modeling tools. This industry is only expected to increase in value, reaching $6.33 billion in 2028. This figure does not include the metaverse space, which is expected to reach $783.3 billion by 2024.

As consumers migrate to the 3D space, the need for virtual goods has only increased. For example, the most popular Roblox metaverse has more than 40 million games where its users exclusively create all the elements, characters and environments. Those who are the best creators can earn a lot of money. Just look at Samuel Jordan, who reportedly earns up to $80,000 a month selling his digital products on Roblox.

Related: Prepare for Impact: It's Time to Usher in the Metaverse

2. Metaversal Education

Covid-19 has shifted most of the world to remote working and learning. Among the quickest to adapt to this change are schoolchildren. The idea of ​​learning digitally has really appealed to the younger generation to the point that one of the most popular metaverses, Minecraft, has an educational platform for distance learning.

However, this is only the beginning of the global trend towards online education. The size of the online education market is expected to reach $198.9 billion by 2030, according to Straits Research. Entrepreneurs should expect the appearance of new virtual study platforms, as well as courses covering topics such as meta-marketing, avatar design and virtual law. This will open many career opportunities for younger generations using the metaverse.

3. Virtual social and musical events

Did you know that 4 million people attended Rod Stewart's free concert on Copacabana beach in Rio in 1994? It remained the highest-attended live show until Travis Scott performed in the Metaverse Fortnight in 2020, when over 12 million players tuned in for his virtual concert.

Once other artists caught wind of this, they started planning their own virtual gigs. Artists such as Post Malone, Ariana Grande and Justin Bieber have offered virtual concerts using the metaverse as a platform. This trend creates many opportunities for musicians and other event planners on platforms who want to capitalize on the popularity of virtual events.

However, it's important to start exploring these opportunities now, as global entertainment company Live Nation has already partnered with Snap this year to enhance the virtual concert and social experience using the AR technology.

Related: 5 technologies that will shape the future of the Metaverse...