The term “metaverse” has become the new buzzword in the global technology ecosystem, and even Facebook founder Mark Zuckerberg is betting big on it.. If you think of a digital environment like online games, social media, or virtual reality as a “metaverse,” then you’re right. Avatars can be created, a second life can be set up, and people can interact with each other as they would in real life.
Manish Maheshwari, a former executive at Twitter India, and Tanay Pratap, a former Microsoft employee, have launched a new company called Invact Metaversity to create virtual classrooms.
Recently, the company Invact Metaversity was given a $33 million valuation by over 70 top global leaders and founding members—including Future Group CEO Kishore Biyani and Infosys ex-CEO TV Mohandas Pai.
A four-month foundation MBA course for 60 students will serve as the company’s first metaverse education experience. In the future, students will be able to attend classes via their computers and mobile devices, as well as via virtual reality (VR) headsets.
So, here’s how that’s going to work:
The first and most straightforward option is for students to attend these metaverse classes via laptop or mobile phone. Sims or Second Life-style gaming would be the closest analogy.
The second option is to use a virtual reality headset to immerse yourself in the classroom, where you can interact with avatars, have friendly conversations, and have a teacher teach in front of you. Before investing, the company’s investors had a chance to try out the virtual reality aspect of this method of online learning.
Tanay Pratap, the company’s cofounder and chief technology officer, told Business Insider that the only difference between the two settings is the mode of use, but that both settings would have the same access to canteens, libraries, and other resources. Using a VR headset, you’ll be able to fully immerse yourself in the world we’re creating, but you’ll also be able to use your mouse and keyboard to interact with the virtual world.
“Right now, you’re in a box on a Zoom call. It’s lonely no matter which way you turn. A class in metaversity, in contrast, has a teacher in the front and students grouped around him or her. Using spatial audio, we’ll bring back the class’s light joking and humour… There would be a better exchange of ideas when students studied together in the virtual world.”
Tanay Pratap, Invact Metaversity’s co-founder and CTO, says
Virtual reality headsets may be given to the first batch of students, even though the company has no long-term plans for doing so. According to the company, VR headsets will become as common and affordable as smartphones within the next few years.
Invast Metaversity plans to add more courses and expand its business offerings in the near future. Team members and even creators, educational institutions and businesses would have to design their own courses on the platform.
Coursera and SkillShare are dinosaurs, and will die out
Two issues occupy the mind of the business. First, make online education or remote learning a more appealing option for the students by making it more appealing. As a second step, ensure that the online course completion rate rises.
What do you think of the likes of Coursera (SkillShare), edX (Udemy), and others?” And less than 10% of students have completed their courses after ten years of enrollment. While the business model [of these companies] is working in some way, it does not translate to an effective product for consumers. It’s your responsibility to finish a course if you sign up for one. ‘Why would only one out of ten people finish it?’ Pratap inquired.