Introduction:
The Metaverse project is a bold idea that could fundamentally change the way we live our lives and conduct business. Its goal is to become the next generation’s platform for social, political, and economic interactions. We surf the internet in two-dimension space using certain gadgets, whereas metaverse is the three-dimensional space where we can completely be inside a virtual universe and performs each and every real-life activity. It’s quite cool seeing how we can sit in any three-dimensional virtual environment and communicate with others and have meetings. Metaverse is a digital universe that exists alongside the real world.What is Metaverse?
Metaverse is firstly coined by Neal Stephenson in his 1992 famous Novel Snow Crash. The decentralized iteration of Internet has been used as buzzwords to exaggerate the development progress of Web3 and Metaverse. The key feature of metaverse is its interconnectedness. People can move between different virtual spaces seamlessly, just we do in the real world.Concept Metaverse has been circulated for decades but it has gained interest in recent days after rebranding of Facebook to Meta. CEO of Meta predict that Metaverse will take a decade to turn into main stream.
How does Metaverse Works?
Metaverse is built under the mixed reality technology which blends Virtual Reality (VR) and Augmented Reality (AR). Metaverse is complex system containing multiple interconnected components with its core part AR and VR. The term VR represents complete immersion in a new virtual world whereas AR represents virtual elements overlaid on top of real world. The metaverse will elevate virtual reality to new height.Metaverse is based on advanced networking technology to connect users around the globe to each other to the virtual spaces that makes the metaverse. It relies on artificial intelligence and machine learning which allow the virtual world to respond the action of its user.
Potential Impacts of Metaverse:
Metaverse means next big thing in the field of Virtual Reality, Augmented Reality and Multiplayer Interactive games in a virtual environment using headsets and haptic suits. Inside metaverse, we can build, explore, play games and purchase virtual assets in exchange with cryptocurrency tokens. Metaverse has its own economy powered under blockchain technology and people can use them to buy and sell their assets.We have profile picture over most of the social media but in metaverse it is replaced by an Avatar. In the metaverse, users can create avatars, which digitally represents themselves. This avatar can show some movements and makes experience more attractive and engaging than traditional online chats and forums.
Metaverse is a fascinating and ambiguous ideology that could transform the way we live, and play in the digital era. On the other side there are still many technical and social challenges to overcome. Along with the involvement of blockchain technology, metaverse will takes shape and new opportunities and challenges will evolve out.