When we discuss Metaverse’s future, we discuss the intersection of machine learning, AI, and the attention economy. It’s a winner-takes-all trend in the attention economy of youngsters and consumer involvement. We must seriously consider who controls particular firms when computer tools can manipulate the focus. ByteDance is indeed an AI and app-making space, but after the release of TikTok, its most well-known international app, its destiny for China to go worldwide has shifted significantly. Most people’s attention is focused on virtual and augmented reality and on engaging new planets in the Metaverse. That is now TikTok, not Meta.
Neither product can match TikTok’s capacity to expand into the music, entertainment, gaming, educational, and attention-hacking industries.
The young people using TikTok, Roblox, YouTube, and Twitch are the actual media creators of the modern era, not foolish podcasters who want to be newsletter creators (as well as their Eastern equivalents). If you wish to scale, you must be on YouTube, Bilibili, TikTok, and other platforms. You need to be a part of the attention economy that genuinely matters to the next generation of people. Meanwhile, you might encounter various confusions, including queries like how much does it cost to buy likes on TikTok? The answer is simple. It is highly affordable.
App timeframes for ByteDance’s products are highly complicated. However, it’s important to note how Douyin and TikTok have expanded into e-commerce (Meta missed doing this during its peak circa 2015).
The Fast Forward
In 2022, ByteDance is experimenting with sponsored dramas on Douyin, letting viewers spend for the entire program or few-minute-long different episodes and competing on YouTube. TikTok, of course! Independent journalists who want to support themselves by producing podcasts or newsletters are part of an outdated media landscape. There isn’t much hope for those channels’ eyeballs in the future. How often have we been discussing video games and their democratization? Unfortunately, few journalists understand streaming or how to connect with newer generations as their profession dies due to platforms.
What then is the new internet reality of attention? Young makers can be even more inventive thanks to TikTok as well as Roblox instead of being only passive attention-seeking post producers. On Roblox, children may make money from their works of art, helping to develop future media artists. Video editors and media programmers. Not always the writers for the media!
The Metaverse is already creating new jobs. Positions that weren’t even available two or three years ago.
Many of the businesses creating the Metaverse were not what you might expect. In the intense fight for user engagement on TikTok, creators would be able to control short plays and earn pennies per view in a way that creators on legacy platforms are just unable to. The true magic comes when you appropriately monetize your creators on already active applications. Even while YouTube isn’t great, producers have at least some ways to make money.
With the innovation of the GenZ demographic, TikTok is developing. If it wanted to, ByteDance would immediately destroy LinkedIn. This is due to its understanding of creating networks and applications with sensible recommendation systems. However, ByteDance’s variant of LinkedIn is intended for Media Artisans, independent contractors, influencers in the attention economy, advisors, and self-employed individuals to show how the genuine work future for GenZ and Alpha cohorts will look like.
On the Metaverse, there will be new methods to generate and create, experience, and live online, much like the promises of cryptocurrency and decentralization. The Metaverse is not about faraway virtual reality realms from our own. It has to do with being fully immersed in a winner-take-all consumer reality of interconnectedness on a worldwide scale.
TikTok can expand ByteDance’s influence in creating the groundwork for the Metaverse by using its immense worldwide popularity. Indeed, significant developments like the switch to electric cars, fleets of self-driving taxis, and the Metaverse services will be controlled mainly by Chinese companies. However, the Chinese GenZ customer is essentially shaping the Metaverse’s destiny, and a select few businesses are creating networks that younger people genuinely like immersing themselves in.
The most expensive startup in the globe, ByteDance, has been looking for new revenue streams due to slowing development and a push on Big Tech from Beijing. After almost doubling in 2020, the firm’s gross revenue is expected to increase by 60% this year, according to a recent article from technology news source The Information. You can also bring up your revenue organically using TikViral in the future.
As futurists, we think the Metaverse is a real possibility for the development of VR. It is the future of how individuals will monetize their online lives in the attention economy, the creative economy, and the modern digital reality. It most likely emerged in 2019 at the same time TikTok became popular.