Updated: Oct 25, 2022
Imagine a virtual world where you can have all the logically impossible things to have in the real world. You’ll be able to work, live and interact with others – all from the comfort of your couch. Metaverse is entirely based on this ideology, building a virtual world to co-exist.
Technology is evolving at a rapid speed. You see new advancements in a blink of an eye. In this fast-paced world, we have come across a few breakthrough technologies which have taken the world by storm. Techs like Artificial Intelligence, Machine learning, Blockchain, Mixed Reality, Cloud computing, and so on were the talk of the IT world. The term “metaverse” is a recent catchphrase that has grabbed the global tech sector’s interest to the point where it has become a macro-goal for several global digital powerhouses.
Although there were talks on Metaverse earlier, it didn’t become a household name until Facebook changed its name to Meta in October 2021. At the time, the business announced plans to invest $10 billion in technology over the next year to realize its metaverse goal.
The Metaverse is thought to be the next step in the evolution of the internet. Gaming, online communities, and business meetings where people participate via a digital replica or avatar of themselves are just a few examples. Although it’s not surprising that the Metaverse concept is causing such a stir, many individuals may still be perplexed by it.
The following are five facts about the Metaverse that you should be aware of:
- No one owns the Metaverse.
Metaverse is solely controlled by its users and is not owned by a corporation or a single platform. Users of Metaverse are allowed to control their private data.
The W3C (World Wide Web Consortium) sets the Metaverse’s standards, and it’s led by the man who invented the world wide web – a man who has never sought to overly monetize his creation: Tim Berners-Lee is the founder of the World Wide Web. But, on the other hand, the Metaverse appears to be without a creator.
- Metaverse leverages AR and VR technology to create an artificial universe.
As Mark Zuckerberg likes to call it: an embodied internet. Metaverse allows you to attend any events or conferences while wearing just a headset. The Metaverse creates a three-dimensional environment where people can engage more deeply, but not physically.
It combines the actual and virtual worlds, allowing users to meet, work, shop, and do anything they can do on the internet and more in a 3D environment.
- Everyone is welcome in the Metaverse.
Interoperability is a vital feature that makes Metaverse exchange information seamlessly through various systems. It is a virtual and interoperable world. It’s not as difficult as you would imagine entering the Metaverse.
You can enter the Metaverse if you have a virtual reality headset, which will set you back around $300.
Anyone with a computer can access the internet, and the Metaverse is no different. However, to enter the Metaverse, you’ll need to download the appropriate software. The Sandbox is one of the most popular decentralized metaverse games. It enables users to create, build, and profit from virtual worlds they construct in the digital realm.
- Metaverse is safer than you think.
Metaverse is secure as it uses blockchain technology for all transactions. Making it almost impossible to hack. The transactions done are transparent and easily trackable. The Metaverse will expand the number of possible targets in terms of cybersecurity. Although the underlying systems will continue to be targeted for data theft, this may alter as the platforms become more popular.
- The Metaverse hasn’t arrived yet.
A fully developed and functional metaverse can take years, if not decades, together.
What we are observing now is just the tip of the iceberg. There are still a lot of technical hurdles to overcome for us to experience the ultimate Metaverse. To begin with, the world lacks an online infrastructure capable of supporting millions (if not billions) of people using the Metaverse at the same time.
Because a glitchy virtual world scenario is not precisely what the Metaverse is supposed to look like, an uninterrupted and dependable internet connection is a vital building block.
The Metaverse is still in its infancy as a concept, and no one knows how much it will affect and disrupt how humans use and interact with technology. On the surface, though, it appears to have enormous societal repercussions in various sectors, and it can push technology frontiers in our daily lives.