What Are The Basic Things We Need To Know About Metaverse –

Metaverse is considered as a digital interoperable environment accessible through tech like AR and VR. Many organizations like Meta and Apple are working to make this virtual world a reality. Several techs will be essential to keep it intact and functioning.

The eagerness to persist in a digital environment is increasing everyday, especially among tech enthusiasts. The metaverse is a virtual world which will offer you an alternate reality where only sky will be the limit. But a digital realm is not something you make in a single day through limited resources.

A Brief History Of Metaverse

The term was initially used in a science fiction novel Snow Crash by Neal Stephenson in 1992. The author showed a glimpse of how this alternate reality should persist. The more advanced version of it can be witnessed in Ernest Cline’s novel Ready Player One and its Steven Speilberg directed film adaptation in 2018. Tech giants like Meta and Apple are considered to be the biggest players in this game.

What Can You Do In There?

This alternate world offers a similar world that we live in. People are free to conduct their real life activities there. This includes shopping, watching movies in virtual theaters, social interaction with people, doing jobs in a virtual office building and more. Many organizations, from the fashion industry to banking are participating in the virtual environment to make life easier for their customer base.

Technologies Vital For The Metaverse

Artificial Intelligence or AI is something that the majority of people know today. To put it simply, it is a digital program which is able to perform human tasks through data. Like a human learns from seeing what adults do, it is a data for the brain, AI does the similar thing. For example, it can analyze the demand of a product just by recording the data for a certain number of times. This will help the organization to focus on that particular item, eventually increasing their productivity and profitability.

In the metaverse, there will be myriads of user data which the AI will send to the developers to make it more interactive and interesting for folks. For example it can offer suggestions regarding movies to watch in the digital space having a virtual theater. It simply makes a proper analysis of the data, creates a model and implements an interactive idea for a particular purpose.

Virtual Reality or VR technology offers simulated digital environments that are accessible through devices like VR headsets. This tech is something like the multiverse, where people are able to enter a whole new universe and do routing activities as well as tasks that they are not able to perform IRL. It is like a gateway to enter another world.

In simple words, CGI tech allows the developers to create realistic visual effects. We witness this technology everyday while we are watching any movie or TV show. Most of the backgrounds we witness there are generated from CGI. Have you watched the Movie Life of Pi? Well, the whole movie was made in a small pool of water, where the background was nothing more than the computer-generated imagery.

Game Physics are something you don’t want to leave behind in the metaverse. Though many of you would be thinking that this can be a useful tech for the virtual world. Well, you are actually entering an actual world not a game, and little things matter. Game physics will make the metaverse more realistic than ever. If you don’t believe me, go play or watch the video of Call Of Duty Modern Warfare series (2007-2011) and then its reboot in 2019. You’ll know the difference.

The next iteration of the internet, Yes! This is going to be the most vital technology underlying the metaverse. Web3 is considered as the evolution of the internet where nothing will be centralized. It will be a user-owned web, ultimately rendering the metaverse free from any sole ownership, distributing the stake among people using the space.

Who Will Own This Space?

Tough tech companies like Apple and Meta might rule people’s hearts in the metaverse. It doesn’t necessarily mean that they will own it. It is supposed to be a user-owned space, where stakeholders will be the folks. You can consider the same Web3 aspect here in terms of ownership. It will be free for all space, where centralization is eliminated in all aspects.

The motive is to keep the command in the hands of users. Think of it like this. You enter a virtual world developed by someone. You purchase a virtual land there against a certain fund, now that particular piece of land is your property and you can use it for rent, building something, organizing parties etc. Just like every ApeCoin holder is an owner in Yuga Labs’ Ape ecosystem, you need to hold an asset to be an owner in the metaverse.

Opportunities In The Metaverse

As I’ve mentioned above, sky’s the limit in this virtual realm. Most important element here is that they can monetize their creations in the metaverse. From a virtual building to a painting, users can generate revenue streams in the digital world. Another possibility is that the gamers can actually immerse themselves in the game and experience it by being present in the game instead of watching it on a monitor.

How cool it would be to go along with Captain John “Soap” MacTavish on a Cliffhanger mission.

The Interoperability Aspect Of Metaverse

This is something very important in the digital realm. First of all, there will not be a single metaverse, but a multiverse of different digital realities. If you have watched Doctor Strange: In The Multiverse Of Madness, you can understand this concept far too easily. For example, if Meta, Microsoft and Apple create their own virtual worlds, they will together become a multiverse.

But in order to become a part of the multiverse, a digital world needs to link with another. This will enable interoperability among those worlds. It will allow the users to enter another world with their assets without any restrictions. For example, you purchased a Prada virtual tee in a metaverse for your avatar, what use it will be if you cannot carry it into another metaverse to show it to others.

One thing is clear, if digital worlds desire success, they should be interconnected with each other, otherwise, it will become an enclosed space where only the users are not even allowed to explore according to their free will. Eventually, devs are creating digital nations where people can traverse on their own accords.

Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.