Role of Augmented Reality in Metaverse

Role of Augmented Reality in Metaverse

The Metaverse is one of the world’s biggest innovations in the making. In fact, according to its creator, Mark Zuckerberg, it is supposed to be an invention that rivals the entire internet itself. As of today, the metaverse combines several technologies such as Virtual Reality (VR), Augmented Reality (AR), blockchain, social media, and everything that will revolutionize Web 3.0. Let’s explore this new world in detail and see how your business can utilize AR to take itself to the next level.

What is the Metaverse?

Mark Zuckerberg’s brainchild, the Metaverse is a virtual, parallel world that is meant to revolutionize the way we interact with technology and each other. It combines VR, AR, and the real world in ways never seen before.

You may have already seen existing virtual worlds that exist parallel to ours such as in popular video games like Roblox, VR Chat, and Minecraft. The Metaverse is here to change the world and impact areas such as:

  • Entertainment
  • Business
  • Trading
  • Social Media
  • Gaming
  • Shopping

What is Virtual Reality?

Virtual Reality, or VR is the technology that you may already have heard about or even used. It can generate a realistic 3D environment inside a computer that can be seen in 3D via a headset. It can make you feel you’re inside the virtual environment using three-dimensional tracking of your hands and head movements.

This world can be used to represent anything from a virtual shopping center to a realistic video game that makes you feel that you’re physically in it. Currently, the commercial applications of VR are beginning to change the world, and innovators are excited to see the direction it takes.

What is Augmented Reality?

Augmented Reality or AR can be considered the opposite of VR. Instead of sending you into a virtual world, AR brings the virtual world to you. It overlays the virtual world over your eyes while allowing you to see things from the Metaverse in the real world.

As of now, AR has been used in various industrial applications such as design and fabrication. Commercially, it can be used for features such as GPS, as seen with the age-old Google Glass.

Unlike VR, AR does not require users to wear bulky headsets as it can work with all kinds of smart glasses. The prime pop culture example of the potential of AR is in the Marvel film Spiderman: Far From Home, where the EDITH glasses are used to interact with technology while being present in the real world.

Mixed Reality: The Best of Both Worlds

Mixed Reality or MR is where the worlds of VR and AR merge together. Apart from allowing you to interact with virtual objects, it lets objects of the real world interact with objects of the virtual world.

Unlike VR, which immerses the users in a totally virtual environment, or AR, which simply overlaps digital content on top of the physical environment without considering its unique and changing composition, MR devices constantly gather new information happening in the surroundings.

However, it is important to note that MR is still in development and is not fully implemented on any device. In contrast, VR has already been conquered by Meta’s Quest 2 line of VR headsets, while Microsoft’s Hololens currently dominates the AR industry.

Why Should Your Company Be in the Metaverse?

Besides mixing realities, this universe will have its own value chain where people and businesses can buy and sell virtual goods and services, such as NFTs (Non-Fungible Tokens).

To make the best out of this new technology, you’ll need to be in it in some way to be able to participate in what’s likely to be a substantial economy shaping the future of technology and digital interactions and will definitely change customer behavior.

Final Thoughts

Since the Metaverse is a project in the making, it is hard to predict the direction it will take years from now. However, as of now, AR and VR both will serve as the key platforms that will allow businesses to make their debut in this parallel world. To know more Contact Us- Reinforce Global

Digital Selling & Servicing Trends from the World of Virtual Home

Digital Selling Trends from the World of Virtual Home

The pandemic has expedited digital transformation and it changes every aspect of our lives like the way we work, shop, and live. Real estate is no exception.

Just like other industries real estate also rises with disruption in 2020. To accommodate people on the move of a pandemic the industry was going through the stimulation of digital capabilities to assist renters, buyers, and sellers. A report of a survey conducted by Zillow indicates that 36% of American buyers and 43% of sellers are more likely to purchase homes completely online.

A remarkable Americans have changed their thinking about the living situation. It may be temporary or for the long term but has led to an exceptional requirement for contactless and remote or in other words virtual real estates transactions like viewing, inspections, or mortgaging. Gen Z or millennials prefer digital end-to-end customer journeys.

This is the best time to invest in the digital experience of services you offer to buyers and renters cause the landscape of real estate has been shifted to composite online and in person. Your properties may be left behind if you are unable to accommodate online research and purchase in the online experience of your website & mobile application.

We have summarised ideas on how to upgrade the digital experience you offer and how Reinforce Global can help you to add innovative features in your web and app to give a seamless digital experience to buyers, sellers, and renters.

Empowered Touring 

Home buying, selling, and financing platforms are using maximum technologies to engross browsers into a potential home. So that they can boost the confidence of shoppers during the selection process and empower customers to experience locations safely on their terms.

Americans prefer agents who provide 3D property touring but there are lower-tech options are also available. Self-touring and online buying can make the house-hunting process easy. E.g. Website visitors can schedule a self-tour as per their convenience and receive an OTP to unlock the door, take a tour and then buy online.

Interactive and Immersive Maps

After the virtual home tour, the next step is a tour of the neighborhood. Interactive maps of the vicinity should be provided by real estate and rental companies. The key amenities can be highlighted in an interactive map and it will provide more information to buyers without visiting in person.

Integrate Video Calls and Chat Options 

It is the key to making your clients feel supported through their journey while you are not able to educate your customers in person in your office. To keep buyers and renters engaged enable easy video calls, outreach, and immediate responses in your digital experience.

Virtual Paperwork and eSignatures 

While closing the deal taking an eSignature has made the process breeze. E-signature and digital documentation is an efficient and established way to exchange documents also a clear traceable record of revision to get referred at any point.

The virtual world has become a major part of the real estate business and it is here to stay. If you want to upgrade your real estate website or application, let’s talk.