The so-called “VR Metropolis” could live in the metaverse and talk to places like Niagara Falls and the Great Wall of China.
As the metaverse grows, the idea of “cyber tourism” is the most recent thing to be added to it.
Virtual reality (VR) is already being used to draw people to vacation spots. People think that by getting rid of the costs of travel and entrance fees, the world’s wonders could be seen by the public inside the metaverse for a small fraction of the price.
Kamran Choudhary, an expert on the metaverse at BCB, a service for buying and selling digital property, says that the goal is to get around the traditional limits of interaction that are based on time and space.
“It will make it possible for the general public to enjoy new kinds of travel and services that might not be available otherwise.”
Is virtual reality the way of the future for travel?
Delta Air Lines, Hilton Worldwide Holdings, and Qatar Airways have all tried their hands at VR tourism, but family-friendly places like Disneyland that focus on experiences offer VR sights for everyone.
VR experiences have also been used to bring in business, with safaris in Kenya, snorkeling in the Maldives, and trips along Germany’s Baltic coast all being offered by members of the travel industry who were looking for customers but were hit hard by the pandemic.
Could the next step be to go to a place in the metaverse?
In theory, if these areas are improved, they could bring in a lot of money. “This VR Metropolis shows that the Metaverse is ready to be built, which is an important but often overlooked fact,” Choudary said.
Analysts at BCB say that if the VR Metropolis was built, it would cost more than €3.5 trillion, depending on the exchange rate with the well-known blockchain ETH.
Choudary says that building in the metaverse now, when prices are low, is a good long-term choice. “Building sooner rather than later may turn out to be a smart financial choice for many,” he says.
“Others who see its potential could buy this online vacation spot for vacationers,” he said.
“Then, this land could be used for business activities inside VR Metropolis in order to turn it into an asset that brings in money.”
Will the metaverse be used by tourists?
The city of Cannes tried out the idea of marketing sites for use with virtual reality earlier this year.
In June, the French Riviera city of Nice auctioned off historic places like the Croisette and the Palais des Festivals as non-fungible tokens (NFTs), which customers can use to set up shops or places to hang out in the metaverse.
Based on the number of people who visit certain landmarks now, BCB thinks that the digital city could bring in 70 million visitors every year.
Every year, 13 million people go to see the Niagara Falls, while only 10 million people go to see the Great Wall of China.
The Colosseum, Eiffel Tower, and Taj Mahal, which are all in VR Metropolis, sell for between $6 and $8 million each. People might save money by going to the VR Metropolis, but it can’t replace the real thing.