21 The Metaverse Overview : Vision, Technology, and Tactics | Vision and Values • Efficiency in the real world: Technologies such as digital twins, XR, and AI can improve the efficiency of many industries, including education, manufacturing, and retail. Activity in these industries will be unconstrained by time and space, experiences will be upgraded, and quality will improve • New wealth: virtual currencies and trading in virtual objects provide an opportunity to reshuffle wealth • New influence and social status: in virtual communities, creating a different avatar for oneself and partaking in social activities provide opportunities to achieve a new social status These five values mean that although the rise of the Metaverse has slowed temporarily, it retains huge potential for growth and increased value. 1.4 Current bottlenecks in Metaverse development Development of the Metaverse is in its infancy, although the market has high expectations. The ideal form of the Metaverse will eventually arrive, including elements of what we have described in the previous content. However, as the Metaverse matures, it will inevitably encounter bottlenecks that need to be broken through. The most prominent bottlenecks at this stage are: • Portability of access to the virtual world. At present, wearable devices including AR/VR sets continue to dominate people's entry into the Metaverse. In the future, entering and interacting in the Metaverse will be more flexible and convenient. Just like the League of Legends meeting in The Avengers, there will be no need to wear cumbersome equipment. After connecting to a line, the avatar of the other party will appear in front of you and your avatar will appear in the other party's space, enabling simulated interaction. VR/ AR kit is becoming more lightweight and convenient, and in 10 years, AR contact lenses should mature. Generally, major technical constraints remain and there needs to be more innovative thinking. • Rules of governance in the virtual world. This requires long- term research, exploration, and testing to design social, economic, cultural, tax, legal, and governance rules in the virtual world. If this is too conservative, construction of the Metaverse will not meet expectations. If it is too radical, it will intensify contradictions and even threaten the real world. • Industrial Metaverse applications. At present, the Metaverse is used mainly on the consumer side, including entertainment, social networking, games, and NFT art. It is not integrated closely enough with industry and manufacturing. The real-time sustainability, digital twins, and integrated reality in the Metaverse have deep application prospects for manufacturing, but technological limitations mean this potential is a long way from realization. • Information security and privacy. Network security and data privacy have become increasingly serious issues in recent years. The characteristics of the Metaverse, such as sustainability, real-time, connectivity, and creativity, indicate that the amount of data it hosts will increase exponentially, and the retrieval and use of data will become more frequent. How to balance information security with development of the Metaverse needs forward-looking consideration. • Energy supply. The complex mechanisms of the Metaverse consume vast network, storage, and computing power resources. Its stable operation will inevitably require the construction of new infrastructure. Current 5G networks, IDC centers, high performance computing, and AI are far from meeting the conditions required for a smooth Metaverse experience. In addition, amid a trend towards global carbon neutrality, the issue of how to build and operate infrastructure in a green way also needs consideration.