Hardware & Technology

What is Metaverse? Is it an Important Opportunity?

Despite the growing popularity of Metaverse, this concept is still a mystery to many people. Some define metaverse as an environment for virtual reality interactions, while others liken it to video games. But the reality is something far more exciting and complex. If this begs the question, what is Metaverse? Where does it come from, and where is it going? Stay with us until the end of this article.

Suppose we want to introduce Metaverse in the most straightforward possible language. In that case, we must say that a combination of several technical elements such as virtual reality, augmented reality, and video together form the Metaverse world. According to the platform’s proponents, from concerts and conferences to virtual travel worldwide, anything imaginable can be done in this context. In this new world, users can socialize, work, and play as avatars. These spaces are shared for everyone and are always available.

Not only can an avatar make money, but it can make money by driving goods and services within the platform, driving, wearing different clothes, and even moving its digital goods from platform to platform. If you work in the field of investment, we suggest you read the article “What is FOMO? deadly fear of financial markets“.

metaverse is a network of 3D virtual worlds focused on social connection. In futurism and science fiction, it is often described as a hypothetical iteration of the Internet as a single, universal virtual world that is facilitated by the use of virtual and augmented reality headsets.

https://en.wikipedia.org/wiki/Metaverse

Where did Metaverse Come From, and What is its Current Position?

Over the past 30 years, the bricks-to-brick metaverse’s foundations have been laid. Virtual reality headsets have become more ergonomic and cost-effective, global Internet penetration has increased, online games have become more popular, sophisticated digital avatars can be imagined and executed, digital assets can be traded, and even digital real estate can be bought and sold.
Decentraland provides users with a virtual reality environment, customizable avatars, a digital currency trading market, a digital wallet, and a governance system. Facebook is trying to create and introduce a similar experience

There are currently many meta-games with attractive environments, and playing is gradually becoming a recurring behavior of users of this platform. Roblox is a meta-example in the game environment. The platform was launched in 2004 and offered a variety of games to users of this platform. On the other hand, the CEO of Epic Games has stated that his company is investing in making a metamorphic game and wants to perform concerts of famous singers in play. The company is trying to make it possible to create real avatars according to human faces.

What Are the Leading Technologies of Metaverse?

It promises to be universal and to eliminate centralism. Imagine a world where we can control our digital experiences and access them in a more flexible environment. Metaverse as the “new Internet” is still in its infancy, and the three technologies associated with it are augmented reality, blockchain, and artificial intelligence.

Blockchain; One of the fundamental technologies
Blockchain is an essential component of decentralization. blockchain takes us away from Web 2.0 to Web 3.0, where larger organizations like Google and Amazon have little control over what we do and see.

Artificial intelligence; One of the essential technologies
Improving the connection between the physical and digital worlds requires machine intelligence. Artificial intelligence is essential for some transformational experiences, such as natural language processing, to ensure that machines and robots can understand us. Other AI capabilities, such as computer vision and simultaneous location and mapping, also help engines understand the surrounding physical environment.

Virtual reality; One of the fundamental technologies
Perhaps the most common form of augmented reality technology today involves the integration of the physical and digital worlds with the help of headsets and devices. We can enter the virtual world with vast reality and interact with others with 3D avatars.

What will be the future of Metaverse?

The idea behind Metaverse is to introduce a world in which each of us can design our avatar and own digital assets whose titles are recorded on a Blockchain. Buy digital grounds and build online homes and spend time there with your friends (or at least their avatars). All the activities we currently do on the Internet, including gaming, VR and AR broadcasts, and social media chats in Metaverse, are growing more and more and offering more features to users.

We will see more celebrations and events in Metaverse as we move forward. Experts predict that social experiences go beyond simple games and come closer to simulating attendance at various events such as weddings or friends’ birthday parties and human communication.

Is the metaverse stable and remains?

Various analysts believe that Metaverse has created new opportunities in contemporary economics, new work environments, and new opportunities to connect with other people. However, to answer the question, what is the stability factor of Metaverse? More detailed investigations are needed.

Metaverse is based on data governance, privacy, honesty and frankness, diversity and respect, and supports an open and cooperative global environment, decentralization, accountability and transparency, and fair exchanges. It is natural to stay true to these values ​​and thus enjoy the long-term benefits. People working on the future of Metaverse must follow specific guidelines; Including:

• Any investment in this technology must be made with full knowledge of the environment and according to environmental needs.
• The digital world must be accessible and open to all, and no one should have more control over the Metaverse than others.
• This platform should not only benefit a limited segment of society but should provide equal opportunities for all.

Metaverse can be introduced as a digital simulation environment that uses augmented reality (AR), virtual reality (VR), and blockchain, along with social media concepts, can create a suitable environment for users in the digital platform. This concept continues to be the most common of all available media, and its proponents believe that shortly it may seem to change the way people live in the world. What do you think about this? Have you ever experienced using Metaverse?

OnlineMag24 Editorial Team

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