What Is Metaverse
Metaverse, the latest buzzword in the tech world, is a virtual reality world. It is a sizable virtual universe conjured up with real-time 3D environments. According to many experts, the Metaverse is the future of the internet and can be used simultaneously by an endless number of people, each of whom will experience it differently.
Are you perplexed by the word metaverse? No worries, let us explore in detail!
Metaverse bridges the gap between the physical and virtual worlds. It aims to offer real-world experiences in the digital world. To be more specific, within the virtual space in the metaverse, you have countless possibilities to interact with people, objects, and buildings and can even own things like a plot of land and construct your own virtual building on it.
Proximity is not a challenge here. Metaverse is a network of virtual venues where people can connect with those who aren’t physically nearby. Imagine yourself in a virtual world where you can walk around and have your avatars, props, and meeting rooms instead of your real-life online meetings and regular video conferencing. Once you’re in the metaverse, this is no longer just your fantasy.
Make Your Entry to Metaverse!
How to enter the Metaverse? Everyone who is familiar with the concept of the metaverse would definitely ask this question. But no longer a question from now on.
To explore and experience the unparalleled environment, you’ll need an Oculus Quest 2 virtual reality headset with graphics chip and storage components directly integrated into it. It has six integrated exterior tracking cameras that monitor your head and hands in a space without the use of additional tracking sensors. You also receive an oculus touch controller, which has a joystick and buttons so you can interact with virtual items, along with the headset.
With the external tracking cameras attached, a monochromatic view of your surrounding environment is seen with your first go. With the view, you can map out the places to walk around and see over the floor with the augmented reality marker. You can set your boundary here. Soon after this, the world around you collapses, allowing you to fully immerse yourself in the virtual 3D environment.
It’s Free As In Freedom, Not As In Cost!
The metaverse can be thought of as a method of getting online. Therefore, the metaverse won’t be any freer than the internet is right now. Today’s internet supports several metaverse experiences. However, certain more sophisticated applications, like augmented reality, may need quicker connections than many people have now. This would undoubtedly be expensive and could be a barrier to its widespread adoption.
Metaverse. Monopoly. Myth
The term metaverse was coined by Neal Stephenson in 1982 in his novel Snow Crash. His metaverse was a virtual space where characters could go to escape a grim authoritarian reality. Years rolled by and today, we define metaverse as a completely immersive internet where we will have access to augmented and virtual reality and be able to engage with a variety of locations using persistent avatars and cutting-edge computer technologies. It has become an idea being applied to develop the next version of the internet.
Metaverses are gaining momentum today. Ever since Facebook was rebranded as meta, there has been speculation over whether Facebook can monopolize the metaverse. Many market runners are enthralled by the idea of the metaverse. Top IT leaders believe that their company’s endeavor to foster a whole new digital environment within the virtual world will pave the way for new opportunities in the future. This leads everyone to compete to conquer the new realm.
Metaverse & Blockchain Technology
Blockchain technology is appropriate for the metaverse as it provides a transparent and cost-effective alternative. Metaverse has cryptocurrencies to help in the development of a digital economy. Users can use cryptocurrencies to purchase digital assets and even land there.
As we’ve seen, within the virtual space in the metaverse, we get limitless opportunities to interact with people, objects, and buildings and can even own things like a plot of land and construct our own virtual building on it. Likewise, we could also own digital assets called NFTs, the non-fungible tokens in the virtual world. Cryptocurrencies and NFTs have made it possible to develop a highly functioning economy within the virtual world where you can buy and sell any virtual assets.
The fact that blockchain technology can in many ways meet the requirements of the metaverse led to its adoption as the metaverse’s key operating principle. Exabyte-scale data storage in the metaverse has concerns for secure synchronization, transmission, and storage. Since centralized systems carry a lot of risks, with the adoption of a decentralized system like Blockchain technology, all the challenges of trust, smart contracts, and security can be resolved.
Blockchain technology is also used in a specific sort of metaverse. Decentraland is one such blockchain-based virtual realm. Users can create avatars, purchase and equip land plots, plan different events, and produce digital material in this 3D metaverse.
Final Word
The idea of the metaverse has many different interpretations. But the fact of its limitless possibilities of immersive gaming, virtual showrooms, virtual marketplaces, virtual meeting rooms, etc.. makes it unparallel. The core technology that powers metaverse applications is virtual reality. Using virtual reality, you can create the digital space, avatars, and props required for your metaverse app. However, to mimic the physical world in the digital world you’ll need to rely on more technologies like blockchain, IoT, and artificial intelligence. The advancements in technologies are extending the opportunities to infinity.
