A global viral pandemic, extreme weather conditions that have become the norm, and economic recession. How can the Web 3.0 token economy and metaverse change the situation?
The Potential for Tourism Recovery in Web 3.0
Since the global spread of the new coronavirus, the travel and tourism industry has been hit hard. Regulations and their effects are gradually lessening, but it will still take some time for the industry to recover to the same level as before. And the damage is greater in rural areas, where tourism accounts for a higher percentage of the industry.
Under these circumstances, the “NFT” and “Metaverse” of Web 3.0 are considered to have great potential.
In the NFT, models that generate revenue by converting local content into NFT, such as local characters, local specialties, and red seals, are attracting attention. In the metaverse, attention is focusing on models that can attract people over the Internet without worrying about distance or risk of infection by building tourist attractions in the metaverse.
Especially in the Web 3.0 era, the combination of NFT and the metaverse will enable the construction of a more realistic economic zone in virtual space than before. This will generate revenue from people who have not been able to visit due to distance and time constraints, and if multilingual support is provided, inbound tourism from overseas can also be expected to increase.
Fortunately, in the era of Web 3.0, translation and interactive AI are evolving at an astonishing pace.
In addition, the NFT market basically tends to favor those with high scarcity. This means that there are ample opportunities for localities, small-scale facilities, and obscure tourist attractions that are not major players in the market.
