Metaverse Explained For Real Estate Agents | Real Estate Coaching (3)

Today’s podcast is part 3 of 4 (maybe 5) podcasts about the Metaverse and what it really means to the real estate industry, real estate agents, and our future. 

6 – Is the metaverse a big video game that you “play’ using a Virtual Reality headset, (like Oculus)?  How will people physically engage and interact within the Metaverse?

Remember AOL, download speeds that were measured in days, and ‘you got mail’?  How quaint those olden times were…and yet, that was less than 20 years ago.  The metaverse could be the most significant change to humanity since humans created the wheel. 

Get ready…

Within the next 24 months or less there will be at least 1 company selling full-body haptic suits. (There are other competing technologies as well, force feedback versus haptic etc.) These look very similar to a wetsuit a diver or surfer would wear. 

The company leading the pack on this emerging technology is called TelsaSuit (no relation to Tesla Automotive). Combining the TeslaSuit with next-generation Virtual Reality headgear will create an experience that is 90%  similar to real life. For example, you will feel when someone touches you. You will feel the wind blowing. The virtual reality headgear and full-body haptic suits will be so immersive that many people over time will prefer to be in the metaverse over their real lives. Science fiction meets reality. 

It’s not all doom and gloom. Matter of fact, this technology could actually advance humanity at a faster pace. If you want to know what it feels like to go on a walk-in central park or walk up the Eiffel Tower, you can do that and never leave your home. 

Consider this, the new full-body suits can simulate the actual effort required for physical activity. In other words, walking up the Eiffel Tower will feel like you are actually walking up the Eiffel Tower. How will this affect education, socialization, business meetings?  

Maybe you want to speak to Heraclitus (c. 535-475 BCE) about his quote: “There is nothing permanent except change.” for a paper you are writing…well, you can. Imagine getting quotes from the AI version of the most significant people to have ever lived. 

Side note: We know what you are thinking. yes, of course, the adult industry is going to lead the way for this technology…porn and other vices are often leading the way in new technology. When the internet entered the consumer markets in the US what were the first websites? Yep, porn. First Porn sites were live in late 1997. 

7 – Is the Metaverse going to follow the same laws, rules, and guidelines as the physical world? 

Not yet. Bad behavior in the metaverse can be more severe than today’s online harassment and bullying. Unwanted touches in the digital world can be made to feel real and the sensory experience is heightened. Of course, that means you can hire a virtual Navy Seal to beat the virtual snot out of your virtual bully….

Question….did you download your fill-in-the-blank business and life plan yet?

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Consider this article and interview (Nautilus Magazine), with Jim Davies, professor at the Department of Cognitive Science at Carleton University. He is co-host of the award-winning podcast Minding the Brain The article and interview discuss Artificial Intelligence being enabled as a sort of ‘moral police’ in the Metaverse:

“Researchers like Jiang should advance ethical AI as far as possible while keeping a crucial fact in mind: That many have considered the world to have made moral progress over the centuries, and even over the past few decades. This poses a fundamental challenge for machine learning, because it requires so much data that we often have no choice but to use data old enough to be considered historical, and embedded in it, the morals of different times. So, when it comes to AI ethics systems we might eventually deploy, it might be necessary to use more top-down, prescriptive ethics.

Which to choose? Researchers could program a utility-maximizing AI that calculates the greatest good for the greatest number. Or an AI that tracks the duties and rights people must respect, regardless of the consequences. Or perhaps what would be best is an AI that models what a virtuous person might do in a given situation. Or maybe the best ethical AI will be able to decide which of these moral frameworks—or others—to use when. The result would be a genuine oracle. A myth come true.”

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