Ever since Mark Zuckerberg announced Facebook’s rebranding as Meta, everyone has been eager to figure out what a metaverse is. The Tech industry has a new favorite word “metaverse”. Big companies like Microsoft and Nvidia, and many more have suddenly entered the metaverse business, and overnight, people are eager to become metaverse experts.
WHAT IS METAVERSE?
The metaverse, if defined easily, is an incorporated internet: a social phenomenon where people will be able to meet each other with the help of personalized avatars that would feel more present than the normal video call.
“We hope that within the next decade, the metaverse will reach a billion people, host hundreds of billions of dollars of digital commerce, and support jobs for millions of creators and developers,” says Mark Zuckerberg.
It will feel real, just like the world surrounding us. And whenever you revisit a metaverse space, you won’t have to start over from the tip, it’s going to comprise all kinds of things that you usually do with other people: like going to concerts and events, playing games, hanging out, working and shopping.
The metaverse does not offer just one single service, but a collection of services tied together. For example, the mobile internet isn’t just one single app, and all of the other apps on your mobile phone would have been useful if it weren’t for the existence of other apps and services, the metaverse thus depends on interconnected services to succeed.
The craze of the metaverse didn’t begin with Zuckerberg’s love for VR. Instead, it has gained a massive fan following through a multitude of factors. People nowadays are more inclined towards avatar-based social gaming platforms. The pandemic has left us with no other option but to find new forms of real-time interactions. Big tech companies like Apple, Amazon, Google and Meta are trying to figure out the next massive launch after the smartphone.Therefore the mere idea of being able to socialize or meet with others, and feel like you’re present there with them, is appealing.
Possibly, you might be able to appear in a real meeting as a hologram or even be able to play chess with someone across the world on a virtual chessboard fabricated in the real world.
WHAT DOES IT OFFER?
As with all the details available till now, people have tried to stamp their initials on the metaverse. If the term seems new to you, then the following features may help you to understand some of the properties one can expect from a metaverse.
This is the most captivating characteristic of a metaverse. One could explore this feature using a computer, gaming device, mobile, wearable technology, or any other device, with the help of visible 3D graphics along with the sound. It is highly predicted that this feature makes you feel more present in the metaverse, and comparatively less present in the everyday world.
This feature requires a virtual reality headset. Through the headset, the user becomes immersed in the virtual world visible on the screen and it makes one feel even more present.
The metaverse is a social atmosphere and it has people present here, likely to be represented as avatars. Some of these avatars might be robots or virtual agents and manifestations of artificial intelligence.
The interaction may be more natural than mainstream video conferencing because, for example, you can use gaze to show who you are addressing as your avatar could also walk over and sit next to someone else’s avatar to start a conversation.
This means the virtual world is available for you anytime and anywhere. You can change it according to your preferences with new virtual buildings or other objects and importantly, the changes remain next time you visit. The metaverse will rely on user-generated content, digital creations, and personal stories in the same way social media does.
Touch with the real world
In the metaverse, some visions would coexist with the real world, the term is known as digital twins. For instance, a user might be flying a virtual drone in the metaverse to steer an actual drone in the real world.
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THE RACE TO CREATE
Different organizations will probably have their versions of the metaverse but, like the internet, they will all be connected, so you can move from one to the other. Possibly few things are going to be more appealing than others. But the final experience of the virtual world would feel the same. Big tech companies like Meta, Roblox, and Apple have invested millions and billions so far to create this virtual phenomenon.
Reportedly, Meta has spent $10 billion on metaverse technologies while Apple has made massive investments in AR hardware.
No matter what time it will take to create the metaverse, it’s clear that immersive hardware will play a crucial role in making it widely recognized. That’s the reason why there is a nail-biting race between Meta, Apple, Snap, Microsoft, and others to create AR glasses. Whoever manages to win it may not directly win the metaverse but will have a massive home team advantage.