luke and mark construction of the cathedral bank began in 1882 and has been ongoing ever since work is expected to finish in 2026. you're watching, give you news life from berlin, coming up next shift met reverse hyper or digital revolution. and remember to stay up to date on all the latest news on our website, d, w dot com. and you can follow us on our social media accounts for me and the team here in berlin. thanks for watching. i'll be back again at the top of the next hour . take care. ah, global ideas is on its way to bring you more conservation. how do we make cities greener? how can we protect habitats? we can make a difference. global ideas, environmental series in global 3000 on d,

w, and online. imagine how many portion of lunch are thrown out in the world right now . climate change, very hot story. this is my plan, the way from just one week. how much work can really get we still have time to go on going on with what? 5th, his subscribe. along with like mess averse the tech buzzword of the past few months. the virtual world is supposed to offer unlimited opportunities for fun games and work. the tech sector has invested huge amounts of cash into the met averse, but what has actually happened to the original dream virtual universe, ah,

apart from met as horizon worlds, others are also working on making the vision of a med of us a reality such as roadblocks the sandbox and the central land. for example, mark zuckerberg has invested billions into his met with us idea. but will it pay off? an all encompassing met diverse like in the science fiction novels, snow crash does not exist yet. instead, there are more than $100.00 virtual world. it's unclear which will come out on top, but we can already see what people like doing and spending money on intimate of us . visual music events are popular. arianna grande's snoop dog and others have attracted more than $60000000.00 fans to the most of us, but is often no charge for the tickets. vigil real estate trading on the other hand is a major source of income in the matter of us. they have already been sales of nearly

full $170000000.00 euros for virtual houses and land the total value of all via goods is currently more than triple that at around $1500000000.00 euros. visual dating is yet to take off. but forbes magazine predicts the number of via dating apps will grow. one example is us does have planets, sita, hello chris, my virtual days. lovely to meet you. nice to meet you. we've set up a number of places to be able to either organically meet new people or through our micro dating, which is an over here to your left the in the v i p area. it's like a quick kind of speed date. and if it goes well then making you want it to a coffee date that's a little bit longer. visual schools and fitness programs will be a big part of via and the met of asked se industry experts working out immersed in

a completely different world around a 5th of potential via hardware customers in the usa that's more appealing than any other beyond application. the sunshine is though, still the v, a multi player games, like for nice and the road block skating platform. they generate billions in revenue roadblocks allows users to create their own virtual environments and games that other uses can play themselves every day up to 58000000 game as active at the same time on roadblocks of as a loan. yet the project created back in 2006 hasn't made any profit so far. so the matter of us is state in a very early stage in terms of development at big part to what it is i see on the matter of us right now is focused around m, getting attraction from investors. it's all about getting to that next stage getting development a bit further. and currently we're not at

a stage where the met of us is any when they're ready yet to bring on and find appealing m office to consumers or to businesses really that can help driving the met of us forward outside the gaming industry. there are other issues with the med of us, even if big companies like metal or microsoft promised. otherwise. the promises were huge, especially regarding the graphics pre produced trailers, shown as met as annual keynote, for example, raised high expectations. but in reality, metas may nap horizon worlds is a bit of a letdown. torsos without legs, jerky, animation, and virtual worlds that are often deserted. these issues also play competitors like v r. chat. enter one of these virtual worlds to hang out with the fantasy avatars. and you might find the interaction a little strange. maybe how you been. are you all

right? everything. okay. but it's not quite the revolution of social interaction that was promised not yet. anyway. many of these social b r worlds are also not seeing the user numbers they'd hope for. according to the wall street journal meadows horizon worlds were visited by only 200000 active users in october 2022. far from the initial 500000 target. for the end of the year, an alternative to met averse is the central land overseen by a non profit foundation. it's a decentralized world where users can buy virtual land as an f t's the graphics are more evolved than in met is horizon world. the avatars even have lakes but it's also a lonely world. the website, d. c. l metrics measures around 8000 visitors a day. the question is, what kind of met averse to we actually want one where we can experience everything from music festivals, to dates and business lunches, or could have met diverse like the our chat which has one clear focus come out on

top because what exactly is met is horizon worlds unique selling points. without that it could be difficult for zak. a bugs trained to take off. format meadow advisors have voiced their skepticism, such as video game, develop a legend, john carmack. in his speech, at the 2022 mesa connect conference come back, said instead of programming an entire virtual universe, then that others should emerge from an existing popular game or ap. he compared this to his development of the 1st person, shooter games, doom and quake in the 1990s, which created technology that was later used for the game fellow rents. for many mach zak bergs, horizon worlds just isn't developed enough yet. some people are skeptical that one single company can create a successful world wide med of us, myself included an medice stock value has plummeted. but the idea of a med, of us is still appealing for many investors. analysts predict the sector could

reach a value of 750000000000 euros by 2024. central america also wants to jump on board, but it's risky and difficult to make money with a med of us. as our next example from guatemala shows. virtual houses, you oppose, and my and pyramids, it's all for sale and plots the land. this metaphors project was founded by the guatemalan real estate investment fund portfolio diversity, kado. each virtual property or plot see costs $500.00 us dollars. plots, he land sold 3000 of them. it was one of the 1st met versus in latin america. i'm looking back there are now let's look at projects, but they not that popular. most of them work with mesa versus within an f t economy . like to give a land like hollandia and beer bar salon, and each one gives that a style a different user experience than you think that in the following slide it through

ownership of the plant sees, is established by unique and f t certificate, a non fungible token that can't be copied, substituted or subdivided. and if these are recorded in a block chain to certify authenticity and ownership, they can be sold and traded bazzi land founders promised their investors a return of 8 percent in the 1st year. but open see the biggest and f t market that hosted plots. he land removed the digital collection from its servers, triggering a panic on instagram plots. he land founder, rodrigo blanco, has asked owners to remain calm and says their properties are safe and the n f t wallets for him, but aren't they? sorry i didn't get the most important thing is to know which block chain your wallet is in them and get a handle on that because there are block chains that just stop working. no matter how secure or decentralized they are equal. now when i get element in, when i say what i can see is a platform that doesn't really off the security level. it doesn't have the

decentralization that is needed in the world of block chain and crypto. normally we have to be sure that no one can get into our wanted see my class yet. they are many met, diverse platforms have their own economic system based on. and if teas and block chains, this is how they're hoping to attract investors and generate revenue. so when we talk about and tease and block chain, i in a sense think they provide an example of the technology and the and gold. it's needed to really take the math of us to the next step. the other question is, although ah, and if cheese unblocked chain a mass market focused tool, the turns block shannon and cheese together with crypto currency. ah, almost scary words ghost are associated with technological development, but they're also associated with high risk. there aren't just problems with the use of nf t's which form the backbone of economic systems in the med averse

a lot needs to also improve in terms of user friendliness and immersion before them adverse can really get going on myself as well. have one thing in common, no matter how well developed the visual experience, you don't feel anything which starts users from being fully immersed to their number about some challenges. first and foremost is, is how fixed or not that is is a fundamental issue. because the way that we interact with the real world is, is driven by it sort of a sensory motor system. so we, we are actively gathering information from the world or august to interactions. and that was the key thing for the our to work with jackets enable sensation in b. r uses can feel, hugs, heat, and even pain. the sense of touch is vital for

a realistic experience. this is also challenging for the design. if you're using a virtual laptop, you should be able to feel the keyboard so called tracking systems can map objects and transmit them as virtual objects or advertisers. but we have a few solutions now of bringing a virtual keyboard, introvert, reality and then mapping it over you realize keyboards. when you see your virtual hands on a virtual keyboard or one for one with your real life hands on your real keyboard. this also means that laptop and phone screens need to be visible in the matter verse. here virtual reality comes in handy and create multiple monitors. and so instead of having one screen to work on, you can have 5 screens to work on. so if you're someone who has a lot of tabs open are applications, you can spread out nicely. however you want. in little business conferences uses one to look the part i don't like themselves. london, bay stars up loom arithmetic is working to create realistic avatars. we believe in

the matter worse, there will be many gaming and non serious applications. we can get away with the non realistic avatar. but the, tomorrow's matter worse will really all to be about serious work. where you really need to project your real self and not, not your cartoon for these hard to realistic avatars are created using artificial intelligence and 3 d scans they could encourage uses to try out more serious applications in the met of an even more important than half dixon avatars is connectivity. future virtual worlds need to be linked to one another to avoid having to sign in or create new evidence every single time this way. the dream of a truly digital universe can become reality. how much potential do you see in the idea of a med averse and what could it be useful? let us know by for now, and so you next like, ah,

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