What Can we See Inside the Crystal Ball? Exploring Opportunities and Challenges for Metaverse and Circular Economy

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43924435" target="_blank" >RIV/62156489:43110/23:43924435 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.36941/ajis-2023-0165" target="_blank" >https://doi.org/10.36941/ajis-2023-0165</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.36941/ajis-2023-0165" target="_blank" >10.36941/ajis-2023-0165</a>

Result language

angličtina

Original language name

What Can we See Inside the Crystal Ball? Exploring Opportunities and Challenges for Metaverse and Circular Economy

Original language description

Metaverse is a virtual world that offers endless possibilities for entertainment, education, and social interaction. Whereas circular economy deals with the principle of reduce, reuse, and recycle which helps in waste elimination and boost continuous resource availability. However, there are challenges to promoting a circular economy in the metaverse. One of the challenges is ensuring that everyone has access to it, as there is still a digital divide. Additionally, it is challenging to track the lifecycle of virtual products and ensure they are properly recycled or reused. Finally, it is necessary to coordinate virtual and real-world initiatives to create a comprehensive circular economy system. Despite these challenges, many opportunities exist for promoting a circular economy in the metaverse. One opportunity is creating virtual marketplaces for second-hand goods. Another opportunity is using virtual reality to simulate the environmental impact of different products and production methods. Finally, researchers can develop virtual training and certification programs for sustainable practices in the metaverse. The challenges that need to be resolved to create a sustainable future for both the real and metaverse are discussed here. Overall, the implications of using the metaverse for the circular economy are promising but require careful consideration and collaboration between virtual and real-world efforts. Researchers can contribute to the development of a more equitable and sustainable future by understanding these concepts.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50902 - Social sciences, interdisciplinary

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Academic Journal of Interdisciplinary Studies

ISSN

2281-3993

e-ISSN

2281-4612

Volume of the periodical

12

Issue of the periodical within the volume

6

Country of publishing house

GB - UNITED KINGDOM

Number of pages

17

Pages from-to

221-237

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85177587725