If you've heard the Metaverse term and wondering what exactly it is, here is your answer. In this guide, we are going to discuss what Metaverse is and how it works. In short, Metaverse can be considered as a parallel virtual universe on the Internet!
ContentsWhat is Metaverse and how does it work?Is Metaverse a new concept?What is Metaverse for?Future meetings may move to MetaverseBarbados to establish world's first Metaverse EmbassyGucci announces new "Metaverse" category Design » Games move to Metaverse What are the current Metaverse implementations?
Metaverse is a term that is formed by combining the two different words including Meta and Universe . It is essentially a digital space in which digital objects and things represent digital people. It is a concept that is supposed to combine aspects of several technologies, including social media, augmented reality (AR), virtual reality (VR), online games and cryptocurrencies. And, allow people to interact with each other virtually. Simply put, it is a virtual world where users can socialize, shop, perform different activities and learn new things.
The term "metaverse" is credited to author Neal Stephenson. He was the one who visualized people as avatars meeting in different virtual reality environments (e.g. realistic 3D buildings) in his 1992 science fiction novel "Snow Crash".
In a way, Metaverse already exists on several online gaming platforms, including Minecraft, Fortnite, and Roblox. Even applications like Microsoft Teams or Zoom can be called a metaverse since a group of people come together and interact in a virtual world. However, Metaverse is a broader concept of representing digital space to bring people together, from virtual trips to concerts and conferences.
This is a hot topic right now as Facebook and Microsoft are renaming the term and the concept. These two most popular organizations focus on making the best use of the Metaverse concept.
Not really. This is not really a new phenomenon, especially for gamers. People who are familiar with Fortnite and Ready Player One can easily pick up and understand the concept and how it works. However, the term has recently been buzzing since Facebook took it over and rebranded itself as "Meta".
As we have already described above, this metaverse is used to create a virtual world to bring people together. Instead of seeing the content, users will actually be in this virtual world.
Bill Gates said most virtual meetings will likely move to the metaverse in 3 years and workers will interact using VR headsets and avatars.
This small Caribbean country called Barbados is about to become the first sovereign country to build an embassy in the metaverse. It signed an agreement on Nov. 14 with Decentraland to establish its Metaverse Embassy.
Roblox will be offering a new category called "Metaverse Design" in association with Gucci. Players can purchase exclusive outfits on Roblox. Recently, a digital Gucci bag sold for US$4,000 on the Roblox gaming platform, indicating that virtual fashion could well become a million dollar industry!
A metaverse game is a game that allows millions of players to interact with each other within a single virtual world. Roblox, Fortnite, Acknoledger, Crucible Network, Ex-Populous, Netvrk, Meta Spatial, Sandbox, etc. are some of the currently available metaverse games.
Current Metaverse implementations largely include internet video games like Roblox, Active Worlds, Decentraland, and Fortnite. It even focuses on improving virtual reality technology and Facebook recently launched Facebook Horizon, which is basically a virtual reality world. In addition to this, several organizations are focusing on using the metaverse to improve work productivity.
