Which Companies Are Currently Exploring The Metaverse?

Technological advancements are taking over people’s lives while providing them with innovative solutions to make routine tasks easier everyday. Metaverse is among the latest developments which have attracted the tech giants to boost their potential in the industry. Though there’s no official definition regarding what exactly the term means, users can think of it as earth’s digital twin where they can conduct their daily activities like shopping, socializing, executing workspace tasks and more.

Several people are well aware of this concept but there are others that either know little to nothing about it. Here, we will shed light on some of the biggest metaverse companies currently operating in the market.

Roblox

Roblox Corporation has offered a proper metaverse platform to the users. The company allows individuals to create solo interconnected spaces. Experts believe the metaverse will not be a single vast space but an interoperable universe consisting of multiple digital worlds.

According to the latest data, the platform has 58.8 Million daily active users, 4 Million developers and over 9 Million games or spaces creating a “multiverse”. The company has partnered with some of the biggest names in the industry including Gucci, Spotify, Nike and more.

Decentraland

Decentraland is a metaverse project based on Ethereum blockchain where people can buy and sell virtual land plots to generate MANA or LAND tokens, the native crypto assets on the ecosystem. Interestingly, people can trade them in real world markets to earn fiat currency.

The company launched Decentraland DAO to give control to the community. It allows the users to vote over decisions on how the ecosystem works, rendering it a decentralized space.

Nvidia

The GPU king holds a special place in the hearts of gamers. It has provided them with some of the most robust processors that delivered an ultimate gaming experience to the users. The company released its metaverse platform, Omniverse, in 2021. Developers can collaborate here to create metaverse applications via tools available on the ecosystem.

Recently, the company released the Omniverse Cloud for developers to collaborate on the platform. It eliminated the need for local compute power.

The Sandbox

The Sandbox is basically the Minecraft of the crypto community. Similar to Decentraland, it allows users to buy and sell land parcels in its virtual real estate to spend or earn SAND, native crypto asset of the metaverse game. It is among the most popular platforms to this date with the likes of Snoop Dogg, Avenged Sevenfold, Samsung and more.

Unity Technologies

The company is among the most popular entities in the gaming industry. Their gaming engine, Unity, is used by games including Pokemon GO, Call of Duty: Mobile and more. They started an initiative dubbed “Road to Metaverse” where creators can interact with industry experts every month to enhance their skills and gain expertise in the metaverse space.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing