Imagine a virtual world where billions of people live, work, shop, learn and interact with each other — all from the comfort of their couches in the physical world. In this world, the computer screens we use today to connect to a worldwide web of information have become portals to a 3D virtual realm that’s palpable — like real life, only bigger and better.
Digital facsimiles of ourselves, or avatars, move freely from one experience to another, taking our identities and our money with us.
Metaverse can be defined as a ‘digital world’ where the real and virtual worlds merge with science fiction. In such a ‘world’, people can switch to different electronic devices and communicate in a virtual environment.
“Metaverse” is a term coined by Neal Stephenson in his science fiction book Snow Crash. The term “metaverse” is made up of the terms “meta,” which means “beyond,” and “verse,” which comes from the word “universe.” It refers to the next-generation Internet, in which users interact with one another and software programmes in a three-dimensional (3D) virtual reality as avatars, as opposed to the traditional Internet.
Metaverse: The Virtual Universe
Metaverse is a kind of new reality universe & dimension where virtual and real can be experienced simultaneously, formed as a result of combining all virtual worlds (MMO games, virtual meetings, etc.) and content on the internet, using Augmented Reality (AR), Virtual Reality (VR) and blockchain technologies.
There are no sharp distinctions like virtual & real in Metaverse, users can access all content and experiences in Metaverse at any time and from anywhere, either in Augmented Reality (AR) or Virtual Reality (VR) mode. The virtual and real worlds are so intertwined that users can exist in both environments simultaneously with the help of their digital avatars, and their actions on both sides can affect the other in real time.
In more concrete terms, Metaverse refers to augmented reality products and services. The concept of the metaverse will come out of science fiction novels and become a part of our lives in the not too distant future.
As per the concept of Metaverse, many users can freely trade goods and services using the platform’s currency and transaction method, implying that virtual money can be used in the form of bits to replace money in the real world. From virtual-reality glasses to software to digital goods, emerging online realms promise new ways to make big bucks.
How will Metaverse affect the future?
These Technologies will have the biggest impact on Metaverse Development in the forthcoming years.
Internet of things.
Extended reality, including virtual reality and augmented reality.
3D modeling and reconstruction.
Spatial and edge computing.
It is hard to say how long it might take and how real it will appear once the adoption of Metaverse is achieved. In the exhilarating landscape of today’s technological advancements, we stand on the cusp of 2024 with heightened expectations, invigorated by the generative AI (artificial intelligence) surge of 2023. We can agree that AI will indeed change the world.