The Birth of Metaverse
Science fiction author Neal Stephenson coined the word “Metaverse” in 1992’s Snow Crash. Since then, there hasn’t been much consensus on what exactly the Metaverse could become. Some experts say it will look more like Second Life (a virtual world where users can interact with computer-generated environments), while others think it will be more like The Matrix (which required users to take a special pill [red or blue] that would transport them into an alternate reality).
Prominent futurists are most eager to dive into the boundaries of what the Metaverse might look like. Experts agree that the convergence of current technologies such as search, wireless connectivity, and wearable computing could lead to an explosion in human-centered technology. The idea behind the Metaverse is that on the internet, we are creating a digital world that is parallel to our own, and every interaction we make impacts both worlds. As far as experts can tell, it’s unclear whether an IRL metaverse will ever exist, but it’s clear that it already has its roots in the Oculus Rift.
What is Metaverse?
The Metaverse is a collective virtual shared space. It is a network of virtual worlds, augmented reality, and the internet. The Metaverse will emerge from the convergence of physically persistent and virtually enhanced physical reality. It is more commonly expressed in science fiction as cyberspace or a networked metaverse. Metaverse provides an opportunity to create and explore an endless variety of experiential worlds, ranging from a casual conversation between friends to highly immersive, fully sensory environments requiring assistive technology such as 3-D glasses.
The metaverse is not just one type of experience. Instead, it directs to a continuum of immersive digital experiences that will be available to users in the future, who may access it through a range of different devices and mediums. These will enable them to engage in a variety of different activities in completely digital spaces, including participating in massively multiplayer games or experiencing location-specific, interactive content via their smartphones or smart glasses.
Terms you need to know.
Before we go ahead with our blog, here are a few terms you need to get accustomed to.
In a virtual world, a simulated environment is created by computer systems and presented to the user through a graphical interface. As users enter the virtual world and interact with objects within it, the results of their actions are communicated to them in real-time.
Virtual reality is an interactive computer-generated visual experience created using interactive technologies and presenting content in real-time. It is a user’s perspective of a virtual world. Virtual reality replaces the real environment with an enhanced one that responds to the actions of the user’s body as well as their voice and gestures.
Mixed reality (MR) is a new way of interacting with the world that combines the physical and digital by leveraging the power of Holographic Processing Units (HPU).
Augmented reality is a type of interactive experience that integrates with real-world environments to enhance user experiences. Augmented reality applications modify real-world environments in real-time and are able to add content, features, and information to them.
Virtual economies are simulated economies where participants can exchange virtual goods and services. These exchanges take place in real-time through the use of various online payment systems and digital currencies.
What can one do with Metaverse?
In addition to being a platform for immersive entertainment, the Metaverse is a social platform where users will be able to meet and interact with others from across the world.
Create your own avatar
Within this virtual reality world, you’ll be able to create avatars that reflect your true self and build a home for your online avatar that represents your own personal style.
Trade & Exhibit Digital assets
The Metaverse aims to allow users to create their own unique digital environments or “rooms” in which they can buy and sell assets that have real value. NFTs (meaning “non-fungible tokens”) will be used to buy and sell these assets in-game.
The ability to shop in the metaverse is one of the most exciting features you’ll find there. Whether it’s buying new clothes, items, or avatars that catch your eye or building out a whole virtual world with new dimensions and terrains, you can shop all day long.
How will Metaverse enhance the future?
The Metaverse will be a social network that is organized to allow certain individuals to meet, regardless of location and time, virtually. Some examples of the benefits are entertainment, education, commercial endeavors, and medical circumstances. Entertainment includes video games that are more exciting with other users present as opposed to being alone. Education will include online classes and webinars. Commercial endeavors may include online shopping, where you could visualize the appearance of clothing on yourself or physical products without shipping costs and delays. Medical circumstances will allow people worldwide to talk about treatment options for diseases without having physical contact.
The Metaverse, rather than replacing real-world experiences, provides a new way to interact with the internet. Aside from that, Facebook emphasizes that the development of Metaverse will be a global collaboration involving companies ranging from technology behemoths to start-ups. The battle for Metaverse dominance has already begun, with several companies investing in various projects.
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