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Metaverse December 2, 2022

Jobs In The Metaverse, Now and Tomorrow

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The metaverse may be a world of the virtual, but metaverse jobs are very real. With the value of the industry estimated to be worth $13 trillion by 2030, it might be worth getting in on the ground floor.

Today the bulk of the work focuses on the formation of this new frontier, but over time as the metaverse is built, roles will shift from the real world into the virtual. Future metaverse jobs could also include such varied and exciting roles as avatar fashion designers and metaverse events directors.

Metaverse jobs of today

Working in the metaverse is something that is wholly possible today with a host of companies seeking to hire across multiple skill sets. Software developers will immediately find themselves highly in demand in this burgeoning industry.

For those who have not yet learned to code, no problem. There are a host of other jobs within metaverse-related companies worth looking into.

Job sites

It might seem counterintuitive, but anyone hunting for metaverse-related jobs may first want to try crypto job boards such as Crypto Jobs List or Cryptocurrencyjobs.

There are a number of crossover industries between cryptocurrency and the metaverse. One such crossover is non-fungible tokens (NFTs) which can be used to represent ownership of virtual assets of everything from virtual real estate to virtual fashion.

Alternatively, you can filter one of the major generalist job boards. Indeed is one site that has a number of metaverse-related positions.

Metaverse companies are hiring

There are a number of major companies dedicated to the metaverse and they’re building virtual worlds today.

One of the big hitters in the arena is Sandbox and the company is currently hiring across multiple positions in art, design and user interface, engineering, marketing, and other departments too. 

To check what positions are currently available at the company visit here.

Another of the major players in the metaverse is Decentraland and the company currently requires assistance in multiple areas. Of course, no metaverse job search would be complete without listing Roblox. The gaming platform has been a runaway success story and is recruiting heavily.

At the time of press, Roblox had over 200 job vacancies.

Metaverse jobs are here to stay

Chief Metaverse Officer

It’s good to be in charge. For anyone with loftier ambitions, the role of Chief Metaverse Officer (CMO) may be just the ticket.

A varied list of firms from Disney to Proctor and Gamble have already hired CMOs, but there is currently little understanding of what the role entails. For most firms, a CMO role will be heavy on research and strategy development.

Traditional industries are currently exploring how best to interact with and enter the metaverse. Any CMO is duty-bound to help develop that strategy and grow the business. The metaverse offers a myriad of new possibilities and a way for companies to get closer to their consumers. That means bridging multiple business units including product, marketing, and development.

CMOs must educate colleagues on the business opportunities the metaverse brings.

Chief Metaverse Officer isn’t the kind of role a person can simply walk into right off the street, but for the next generation of workers entering the metaverse today, it is one goal to aspire to.

Jobs of the future

While there are already a huge number of jobs that can be found in the metaverse industry, that list is set to continue to grow. Some potential jobs include virtual world designers and builders, who would create the environments and objects within the metaverse.

Other potential jobs could include virtual educators, therapists, and entrepreneurs who create and sell virtual goods and services.

Today, it’s still too early to predict all the varied roles that the metaverse will provide. The ideal metaverse job for you could be something that hasn’t yet been invented.

/MetaNews

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Image credits: Shutterstock, CC images, Midjourney.

Business

Quest 3 Headset Will Have Better Mixed Reality Tech

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Quest 3 Headset Will Have Better Mixed Reality Tech, says Zuckerberg
Artist's rendering.

Meta, keen to be a Metaverse giant, plans to launch virtual reality headset Quest 3 later this year, with better mixed reality technology, said CEO Mark Zuckerberg.

Meta confirmed that the release should be called Meta Quest 3. It’s expected to cost between US$300 and US$500, which is about a third of the Quest Pro (the Quest Pro is currently priced at $1,499.99).

Also read: Meta Employees Undermine Zuckerberg’s Metaverse Strategy

The new headset will provide support for Meta Reality, which is technology that enables virtual reality headsets to also be used for augmented reality. This technology allows devices to create mixed reality experiences.

Meta Reality in Next-Gen Consumer Headset

The mixed reality ecosystem is relatively new, but Zuckerberg thinks it’s going to grow a lot in the next few years.

“Later this year, we’re going to launch our next generation consumer headset, which will feature Meta Reality as well, and I expect that this is going to establish this technology as the baseline for all headsets going forward, and eventually of course for AR glasses as well,” said Zuckerberg.

Beyond MR, the broader VR ecosystem continues growing. There are now over 200 apps on Meta’s VR devices that have made more than $1 million in revenue, Zuckerberg said.

How Meta Reality will look in more affordable headsets is yet to be clear.

Meta’s Reported Win over FTC will be Crucial

Meta has reportedly won court approval earlier this week to acquire VR fitness app Supernatural’s maker, Within, which will be a huge boost for Zuckerberg’s ambitious metaverse project.

Meta’s plan was to acquire Within and Supernatural back in October 2021, but it was blocked by the FTC’s complaint file to stop the deal. The FTC’s complaint was justified by saying Meta already owns a “virtual reality empire.”

Zuckerberg’s Meta Quest 2 is arguably the best VR headset, even after a massive hike in its price last year.

“There is a lot of work there that we haven’t actually shipped the product yet. VR, which is starting to ramp, right, Quest 2, I think, did quite well. We have multiple product lines there with the Quest Pro,” said Zuckerberg about Quest 3.

When Meta shipped Quest Pro at the end of last year, it was something their CEO was “really proud of” and believed it was the first mainstream mixed reality device to set the standard for the industry with Meta Reality.

“As always, the reason why we’re focused on building these platforms is to deliver better social experiences than what’s possible today on phones,” said Zuckerberg.

The possible benefit could be expected in Quest 3 through the acquisition of Within.

 

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Metaverse

Interpol Wants to Police Metaverse Crime. But That May Not Be Easy

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Interpol Wants to Police Metaverse Crime. But That May Not Be Easy

The International Criminal Police Organization, or Interpol, is looking at ways to police crime in the metaverse, according to secretary general Jurgen Stock. However, the agency may find that to be hard in the absence of a universally agreed definition of the “metaverse,” let alone of metaverse crime.

Stock said, “criminals are sophisticated and professional in very quickly adapting to any new technological tool that is available to commit crime. We need to sufficiently respond to that. Sometimes lawmakers, police, and our societies are running a little bit behind.”

“We have seen if we are doing it too late, it already impacts trust in the tools we are using, and therefore the metaverse. In similar platforms that already exist, criminals are using it,” he added, according to the BBC.

Defining the metaverse

The metaverse may be thought of as the idea of a post-physical world in which life is lived virtually on the Internet: “a single, shared, immersive, persistent, 3D virtual space” where humans experience life in ways they could not in the real world.

Also read: Is the World Ready for Music Concerts in the Metaverse?

American author Neal Stephenson is credited with coining the term “metaverse” in his 1992 sci-fi novel Snow Crash. He referred to the metaverse as an all-encompassing digital world that exists parallel to the real world.

However, the word gained significance when Facebook founder Mark Zuckerberg changed the name of the social media company to “Meta” in 2021, a rebrand that focused on building the metaverse.

While at this point users are already utilizing a range of hardware such as headsets to gain access to the immersive experiences of the metaverse, there’s still no universally agreed definition of the metaverse. Much less of metaverse crime.

What does metaverse crime look like for Interpol?

The building blocks of the new form of communication are still being laid down. Anyone can build their own metaverse and define how that specific digital world works. Interpol has now built its own virtual reality (VR) space in order to catch up with criminals operating in the metaverse.

The VR unit is aimed at helping its officers with training for virtual interactions. Announcing the launch of the virtual reality metaverse last October, Interpol said:

“As the number of metaverse users grows and the technology further develops, the list of possible crimes will only expand to potentially include crimes against children, data theft, money laundering, financial fraud, counterfeiting, ransomware, phishing, and sexual assault and harassment.”

Interpol is still having a hard time defining metaverse crime. Madan Oberoi, the executive director of technology and innovation at Interpol, admitted to the BBC that “there are crimes where I don’t know whether it can still be called a crime or not.”

“For example, there have been reported cases of sexual harassment,” he said. “If you look at the definitions of these crimes in physical space, and you try to apply it in the metaverse, there is a difficulty.”

“We don’t know whether we can call them a crime or not, but those threats are definitely there, so those issues are yet to be resolved,” he added.

Oberoi said law enforcement needed to “know about the metaverse” in order to “help people who have been hurt in the metaverse.” It is one of Interpol’s objectives, he explained, “to make sure law enforcement personnel start using the metaverse and they become aware.”

Uphill task

Alex Kim, chief monetization officer at XR platform Sensorium Galaxy, said while discussions around metaverse regulation may help create “safe digital environments” for users, there is still need to strike a balance in implementation.

“The metaverse is being envisioned as a decentralized platform over which no central authority has control over,” Kim told MetaNews.

“This begs the question of who exactly should be tasked with monitoring the metaverse and what powers can this entity potentially have, and over what and whom.” Continuing, Kim added:

“It’s clear that policing the metaverse won’t be as straightforward as some might be hoping, but it’s very positive that the conversation surrounding the topic is moving forward, especially given the rapid pace of current technological developments.”

Software engineer Brandon Church laughed at the idea that the global police agency wanted to play guard to the metaverse.

“[The metaverse] is just an idea at the moment. The problem with ideas is that sometimes they never see the light of day. So these guys [Interpol] are working on policing an idea? I’m seriously wondering [where they are going with this],” Church told MetaNews.

Arseny Myakotnikov, cofounder and CMO of drive-to-earn Metadrive, believes the Interpol initiative goes against the ethos of decentralization, a key foundational principle of the Bitcoin cryptocurrency, and Web3.

“Each metaverse must exist as a separate digital universe, where investors would be able to set their own rules and regulations based on the weight of their votes through decentralized voting within the project’s DAO,” he says

“It’s important to stress that most of the violations mentioned by the Interpol cannot be committed at the current stage of metaverse technology development.”

Interpol is an international organization that facilitates worldwide police cooperation and crime control. It was created 100 years ago and is made of 195 member countries.

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Business

Meta Reportedly Defeats FTC to Receive Court Approval to Acquire Within

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Meta Reportedly Defeats FTC to Receive Court Approval to Acquire Within

Meta, Facebook and Instagram’s parent company, has reportedly won court approval for the acquisition of VR fitness app Supernatural’s maker, Within, after the Federal Trade Commission attempted to block the deal.

Also read: Lawsuit Filed Against Meta, Snap, TikTok for Mental Health Crisis

A US district judge, Edward Davila in San Jose California, “denied the FTC’s request for a preliminary injunction to block the proposed transaction” in a sealed decision on Wednesday, reported Bloomberg, citing a source familiar with the ruling.

Meta’s plan was to acquire Within and Supernatural back in October 2021, but it was blocked by the FTC’s complaint file to stop the deal. The FTC’s complaint was justified by saying Meta already owns a “virtual reality empire.”

Following the news, shares of Meta were slightly positive on Wednesday afternoon.

Facebook and The FTC also declined to comment with Bloomberg’s query citing the sealed nature of Davila’s decisions.

Push for Metaverse

The reported victory in this case may boost Mark Zuckerberg’s push towards the Metaverse. Zuckerberg’s Meta Quest 2 is arguably the best VR headset, even after a massive hike in its price last year.

Meta Quest Pro for $1500 and Meta Quest 3 are also in the company’s VR line-up, which has already developed VR spaces for work and play.

The Supernatural, developed by Within, was one of the first subscription-based services on the original Meta Quest.

Supernatural, a fitness app that features video instructors and motion-tracked workout routines, carries similarities to Meta’s successful fitness VR music game Beat Saber. Beat Saber was also acquired by Meta in 2019.

 Meta’s Dominance

A trial before the FTC’s administrative judge will start on Feb. 13. The FTC will also decide if it will continue with the case. Lina Khan, the chair of the FTC, was appointed by US President Joe Biden to bolster antitrust enforcement as a key principle of his administration’s economic policy. Hence, if this order stands, this loss to Meta will be a significant setback for Khan.

The FTC sued Meta back in July, arguing this acquisition would expand its dominance in the consumer VR market, highlighting its purchase of Beat Saber three years ago. The agency even emphasized that the addition of Within would even eliminate a “beneficial rivalry” between the two companies.

At the time, “the case was) based on ideology and speculation, not evidence, the idea that this acquisition would lead to anticompetitive outcomes in a dynamic space with as much entry and growth as online and connected fitness is simply not credible,” said a Meta spokesperson in a statement.

It’s still to be decided whether this will be the end of this story or not, as the FTC has declined to comment.

“Out of respect for the court’s orders, the FTC is not in a position to comment at this time,” FTC director of public affairs Douglas Farrar told The Verge.

Within would be the third start-up acquired by social media giants over the last decade if this case ends here and Meta purchases one more VR start-up. Previously, Meta acquired Oculus in 2014 before purchasing Beat Saber in 2019.

 

 

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