Ever since Mark Zuckerberg announced that Facebook’s future would be in the Metaverse, everyone has been keen to figure out the Metaverse. And, when Facebook rebranded itself as Meta in 2021, many other tech giants started jockeying to define the next iteration of the internet.
Epic Games to Nvidia, Intel, Microsoft, and more are suddenly in the Metaverse business.
But what exactly is Metaverse?
What is Metaverse?
The Metaverse is the next evolution of the internet hailed as Web 3.0. It’s likely rendered by augmented or virtual reality technology.
In simpler terms, it’s a virtual world where people will be able to meet, work, live, and interact with others via avatars or digital facsimile of themselves, making them feel more present than a video call.
People will be able to meet others in real-time instead of catching up on what others have been up to. Be it gaming, business meetings, or online communities, the Metaverse will be a part of everything.
But to be very clear, the Metaverse doesn’t exist – yet.
Effect of the Metaverse on the entire globe
Virtual and augmented reality that powers the Metaverse would empower us to jump into a world where we may interact with other 3D avatars in the same space.
Well, let’s take a look at what Metaverse offers!
- It offers you a social sphere where you can walk, talk, hang out, or interact with other people, just like the real-time world via customizable avatars—your username or thumbnail picture serves you as an avatar.
- You will be a part of every virtual world, whether it be an important lecture, match of your favorite football team, or more.
- It will make gaming more realistic and engaging. It will also allow you to test things in a virtual environment before purchasing them.
- You will be able to build a virtual property of your own.
- You will be able to travel anywhere you want, just sitting on your couch.
Technologies That Power The Metaverse
To make the metaverse experience more immersive, companies are using cutting-edge technologies to power the 3D world. The seven technologies include:
- Blockchain and cryptocurrency
- Augmented reality (AR),
- Virtual reality (VR),
- 3D reconstruction,
- Artificial intelligence (AI),
- And the Internet of things (IoT)
Challenges of the Metaverse
As the Metaverse is still in its early stages of development, we’re expecting to face various challenges with its outcome. Some of the Metaverse development challenges include:
- Identity authentication
- Privacy control
In the real world, we don’t face any difficulty identifying someone. However, people utilize their avatars in the digital world, raising problems identifying them. For example, hackers or even bots could enter the Metaverse pretending to be someone else, increasing the risk of scamming other users.
Another challenge is privacy. For an immersive experience, the Metaverse relies on great technologies like AR and VR. The AR and VR devices with unique identifiers and camera capabilities could eventually lead to undesirable personal information leaks.
Conclusion
The Metaverse is a hot topic, and it will continue to change. Yes, it’s true that with the help of Metaverse, users worldwide would be able to engage in virtual locations, and they can even buy digital products with hard cash. Moreover, we can also see that human engagement experience in the real world will be taken away by the virtual connections and the virtual economy.
We hope that you found this Metaverse blog helpful and for more information on this evolving technology, stay tuned to the Alberta Tech Works blog!
