Metaverse: a new world awaits you!

After Meta, or the older Facebook, announced that it would start investing in Metaverse, this subject became the fever of the moment. After all, imagining a totally virtual world with features that go beyond the limits of imagination is surreal.

In this article, you will see the answers to the following questions:

• What is the Metaverse?
• What is the difference between the Metaverse, the internet and virtual reality?
• Which companies are investing in the metaverse beyond the Meta?
• How can NFTs influence the future of the metaverse?
• What can the metaverse change in your life?

If you are interested, then follow the article until the end!

What is metaverse?

In short, the metaverse is a network of virtual and three-dimensional worlds that can be accessed by real devices, such as a headset. In this sense, the user goes through an immersive experience in which sensations such as vision and touch can be witnessed almost in a physical reality.

Currently, some games like Rec Room, Horizon Worlds and Fortnite are using this new technology.

In addition, the music industry has already jumped on this wave, producing concerts and events in virtual venues. Also, sports companies are participating in Metaverso by making exclusive products available in virtual spaces.

Finally, these virtual worlds have their own economy, their own currency (which will usually be virtual) and their own rules. Throughout this article, you’ll see how this technology can change the way we see and behave in the world.

Welcome to the metaverse!

What is the difference between the internet and the metaverse?

The internet is a network of pages that provide various actions in the virtual environment. Whether connecting with a friend through a social network or ordering a delivery, internet access is almost indispensable today.

The metaverse would not be a competitor to the internet, but the next stage. Many people associate the internet with WEB 2.0 and the Metaverse with WEB 3.0.

In the Metaverse, which will be improved today with the internet. The activities will be carried out and built in a “virtual parallel universe” to the real world.

This new world will be constructed and accessed through other technologies such as virtual reality (VR), augmented reality (AR), AI, social media and digital currency.

Also, governments will extend their reach to the metaverse. An example is the government of Barbados which already has its own embassy in the metaverse made by Decentraland.

More than Virtual Reality!

Clearly, when we talk about “entering” a virtual world, the use of virtual reality devices comes to mind, like headphones.

However, the metaverse goes beyond VR. After all, it is possible to participate in a “virtual world” using a computer or smartphone. One example is the digital world of Second Life that can be easily accessed from your smartphone.

But, with the technological development and with the entry of more and more companies in the metaverse market, the devices to access this “new virtual world” can become more accessible and more realistic.

Recently, Meta launched headsets on the market with excellent graphic and sensitivity levels and at a good cost benefit.

In addition, other types of functionality are embedded in the metaverse concept. For example, artificial intelligence and digital currencies are also another part that are associated with the next stage of the internet, as we know it.

Check out some Metaverse Companies

Now, meet now some companies that are making the metaverse come true!

Microsoft

Microsoft is producing an extension to Microsoft Teams (a platform for online meetings), known as Mesh.

Mesh will make meetings even more immersive through holograms of user-like avatars.

In addition, this new program will feature a suite of AI-powered tools for avatars, session management, spatial rendering, synchronization across multiple users and “holoportation.”

Epic Games

Epic Games is responsible for creating the popular game “Fortnite”. Currently, the game has more than 350 million users and the company has gone through a round to acquire about 1 billion dollars in funds to invest in the metaverse.

The company’s president and CEO, Kenichiro Yoshida, believes that it will be possible to create a space where users can interact with themselves and with brands in a completely virtual environment.

Meta

Meta, the older Facebook, is one of the most talked about companies when it comes to Metaverse.

In 2021, Mark Zuckerberg, CEO of Meta, announced that the company’s efforts were being directed towards “bring the metaverse to life”.

Recently, the company launched Horizon Worlds, a VR space made for users to navigate with their avatars and for developers to build their own tools and new worlds within the metaverse.

NFTs and the Metaverse

NFTs or non-fungible tokens are a kind of unique blockchain-based code. Unlike a currency, blockchain can represent a piece of art, a song or a virtual object in the metaverse, for example.

“NFTs and blockchain lay the groundwork for digital ownership,” said Nick Donarski, CEO of ORE System, an online community of gamers, content creators and game developers. “Ownership of one’s real-world identity will carry over to the metaverse, and NFTs will be this vehicle.”

What to expect for the future?

As we mentioned, the metaverse would be the next stage of the internet. So we could see this technology being discussed and certainly developed in the coming years.

Obviously, there is still a lot to be done for the metaverse to reach the level of internet accessibility. After all, many devices are still not so affordable or are restricted to large companies.

Furthermore, the metaverse functionalities still need to be developed. After all, for this to become a reality, it is still necessary to make the experience even more immersive, with even more real graphics, smells, touch and sounds…

Therefore, we come to the end of this article. If you liked this topic, take the opportunity to check out other articles with similar subjects on our blog. To the next!