(A Quarterly Review of Development and Management Trends)
A National Journal Indexed in the UGC-CARE List
Metaverse: The new Universe to Attain Sustainable Development Goals
Shikha Sharma1 & Rachna Jain2
1Assistant Professor, Maharaja Agrasen Institute of Management
Studies, GGSIPU; Email: sharma.shikha3684@gmail.com
2Associate Professor, Maharaja Agrasen Institute of Management Studies, GGSIPU; E mail: jain.rachna44@gmail.com
ABSTRACT:
The functionality of metaverse or virtual world surpasses the basic applications of business, management and entertainment to transform and create a fully virtual, artificial society where digital users, or avatars, take on our identities and engage in social and commercial interactions in rich, three-dimensional online surroundings. The paper adopted a theoretical framework and follows a multiperspective approach to identify and elaborate the opportunities, associated challenges and probable solutions that Metaverse can offer to accelerate the growth and achievement of SDGs. The paper highlights the utility of Augmented Reality (AR), Virtual Reality (VR), Artificial Intelligence (AI), Non-Fungible Tokens (NFTs), Block chain, etc. in different fields that may support developing economies to achieve sustainability through its meta driven policy formulation. The paper suggested numerous metaverse strategies to achieve different SDGs. Additionally, paper highlights challenges associated with the application of Metaverse in different avenues and suggest a road map to tackle such challenges.
Keywords: Metaverse, SDGs, Sustainability, Strategies, VR, AI
DOI:
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