Top 7 Technologies That Power The Metaverse In 2022

Metaverse is a 3D digital world concept. It consists of virtual spaces that you can explore using the avatar you create. In the metaverse, you can play games, shop, hang out with friends in a virtual cafe, work with your colleagues in a virtual office, and much more. Some computer games and workplace social modeling tools have already implemented certain metaverse elements into their ecosystems.

Cryptocurrency projects like Decentraland and The Sandbox already have their digital world up and running. However, the metaverse concept is relatively new, so most of its features are still under development. Companies like Facebook (now Meta), Microsoft, and Nvidia have also started creating their versions of the metaverse.

To provide a complete virtual experience, technology companies are integrating sophisticated technologies to accelerate the development of the 3D world. These technologies include blockchain, augmented reality (AR) and virtual reality (VR), 3D reconstruction, artificial intelligence (AI), and the Internet of Things (IoT).

Introduction

Top 7 Technologies That Power The Metaverse

The idea of the metaverse originated with Neal Stephenson in 1992. His science fiction novel Snow Crash envisioned an online world where people could use digital avatars to explore and escape from the realistic world. Decades later, major tech companies have started creating their own cutting-edge versions of the metaverse. What is the meta tag and how do large companies approach it technically?

What is Metaverse?

What is Metaverse?

Metaverse is an online 3D digital worldview featuring virtual countries and objects. Imagine a world where you can work remotely, visit virtual museums to see the latest art or join other rock band fans for a virtual concert, all in your own home.

Axie Infinity, The Sandbox, Decentraland have already integrated metaverse elements to bring many aspects of our lives to the online world. However, the meta-database is still under development. No one knows if there will be one big international metaverse or several metaverses you can go through.

As the idea continues to evolve, it should expand beyond video games and social media. Telecommuting, distributed management, and digital identity are just some of the potential features that the metaverse can support. It can also be more dimensional with attached VR headsets and goggles, so users can physically walk around and explore 3D space.

The Latest Metaverse Development

With Facebook changing its name to Meta in October 2021, metaverse has become the new favorite buzzword. To cater to its rebranding, the social media giant has poured funds into a new division called Reality Labs to spend at least $10 billion by 2021. The main idea is to develop metaverse content, software, as well as AR and VR headsets, as CEO. Mark Zuckerberg believes it will be as common as smartphones in the future.

The COVID-19 pandemic has also increased interest in developing metaverse. There is a growing demand for more interactive ways to connect with others as more people start working remotely. Proven 3D spaces that allow colleagues to meet, dominate, and work together are on the rise. Microsoft Mesh introduced in November 2021 is an example. It offers a comprehensive space for users to mingle and collaborate using their avatars, making remote group meetings more engaging and fun.

Some online games also adopt the metaverse. The AR mobile game Pokémon Go was one of the first to capitalize on the idea by allowing players to catch virtual Pokémon in the real world using a smartphone app. Fortnite, another popular game, has expanded its product range to various activities in its digital world, including organizing branded events and concerts.

In addition to social networking and gaming systems, technology companies like Nvidia have opened up new opportunities in virtual worlds. Nvidia Omniverse is an open platform designed to connect 3D spaces into a common universe to facilitate virtual collaboration between engineers, designers, and authors. Now it is used in various industries. For example, the BMW Group uses Omniverse to shorten production times and improve product quality with intelligent manufacturing.

The Key Technology That Drives The Metaverse

To make the metaverse experience more complete, companies use sophisticated technologies such as blockchain, augmented reality (AR) and virtual reality (VR), 3D architecture, artificial intelligence (AI), and the Internet of Things (IoT) to power the world. 3D.

Blockchain And Cryptocurrency

Blockchain technology provides a distributed and transparent solution for digital proof of ownership, digital billing, value transfer, management, accessibility, and collaboration. Cryptocurrencies allow users to transfer value while working and interacting in the 3D digital world.

For example, you can use crypto to buy virtual land from Decentraland. Players can buy 16 x 16-meter plots in the form of Invested Tokens (NFT) with the MANA cryptocurrency in the game. With the support of blockchain technology, ownership of these virtual lands can be established and secured.

In the future, cryptocurrencies may encourage people to work in real life. As more and more companies move their offices online for telecommuting, we may see job postings related to the metaverse.

For a more detailed study of these areas, see What is the metaverse?

Also Read: What Are Blockchain Domains?

Augmented Reality (AR) and Virtual Reality (VR)

Augmented Reality (AR) and Virtual Reality (VR) can give us an overwhelming and captivating 3D experience. These are our entry points to the virtual world. But, what is the difference between AR and VR?

AR uses digital images and characters to transform the real world. It is more accessible than virtual reality and can be used on almost any smartphone or digital device with a camera. Through AR apps, users can visualize their surroundings with interactive digital images, similar to what we have in the Pokémon GO mobile game. When players open the phone's camera, they can see Pokémon in the real world.

Virtual reality works differently. Like the metaverse concept, it produces a completely computer-generated virtual environment. Users can then watch it using VR headsets, gloves, and sensors.

Augmented reality and virtual reality activity show an early model of the metaverse. Virtual reality is already creating a digital world that contains fictional material. As technology advances, virtual reality may expand the metaverse experience to include physical simulation with virtual reality equipment. Users will be able to smell, hear and communicate with people from other parts of the world. Given the strengths surrounding Metaverse, we can expect more Metaverse companies to invest in developing AR and VR gear in the near future.

Also Read: Metaverse Stock To Buy And Hold

Artificial Intelligence (AI)

Artificial intelligence (AI) has been widely used in our lives in recent years: business planning, decision making, face awareness, faster calculations, etc. Recently, AI experts have been exploring the possibilities of using AI to create a comprehensive metaverse.

AI has the ability to process a huge amount of data at lightning speed. Along with machine learning techniques, AI algorithms can learn from past iterations and take into account historical data to provide unique results and insights.

In the metaverse, you can apply artificial intelligence to non-actors (NPCs) in different scenarios. NPCs exist in almost every game; they are part of the game environment designed to respond and respond to the player's actions. Using artificial intelligence processing capabilities, NPCs can be placed in 3D space to facilitate realistic conversations with users or perform other specific tasks. Unlike a human user, an AI NPC can function alone and be used by millions of players at the same time. It can also work in several different languages.

Another possible application of artificial intelligence is to create metaverse avatars. Artificial intelligence machines can be used to analyze two-dimensional images or three-dimensional scans to create more realistic and accurate avatars. To make the process more powerful, you can also use artificial intelligence to create different expressions, hairstyles, clothes, and features to enhance the digital personas we create.

3D reconstruction

Although not a new technology, the use of 3D construction has increased during a pandemic, especially in real estate, where closures have prevented potential buyers from seeing properties in person. As a result, some organizations have embraced 3D building technology to create virtual tours of the property. Like the meta image we envision, buyers could search for potential new homes anywhere and buy hands-free.

One of the challenges for the metaverse is to create a digital environment that feels as close to our real world as possible. With the help of 3D construction, you can create realistic and natural spaces. By using special 3D cameras, we can bring our world online by creating realistic 3D light models of buildings, locations, and objects. The 3D spatial data and 4K HD photography are then sent to computers to process and create a virtual replica in the meta version that users can experience. These virtual imitations of objects in the material world can also be called digital twins.

Internet of things (IoT)

The concept of the Internet of Things (IoT) was first introduced in 1999. Simply put, IoT is a system that captures everything in our physical world and connects it to the Internet through sensors and devices. Once connected to the Internet, these devices will have a unique identifier and the ability to automatically send or receive information. Today, IoT connects thermostats, voice-controlled speakers, medical devices, and more to a wide range of data.

One of the IoT programs in the metaverse is collecting and providing data from the physical world. This would increase the accuracy of digital representations. For example, IoT data streams could change the functionality of certain core components based on current weather or other conditions.

The IoT implementation can seamlessly connect the 3D world to a number of real devices. This allows you to create metaverse mimics in real-time. To further optimize the metaverse environment, IoT could also use artificial intelligence and machine learning to control the data it collects.

Also Read: What Is NFT? How Do NFTs Work?

Challenges Of The Metaverse

The metaverse is still in the early stages of development. Some challenges include authentication and privacy management. In the real world, it is often difficult to identify someone. But when people roam the digital world in their avatar, it becomes hard to tell or prove who the other person is. For example, malicious actors or even robots could enter the meta version and impersonate someone else. They could then use it to damage your reputation or mislead other users.

Another challenge is confidentiality. Metaverse relies on AR and VR devices to deliver an overwhelming experience. This technology with camera capabilities and unique identifiers could potentially lead to an unwanted leak of personal information.

Conclusion

Although the metaverse is still in development, many companies are already exploring its potential. Decentraland and The Sandbox are notable projects in the crypto space, but big companies like Microsoft, Nvidia, and Facebook are also involved. As an augmented reality, virtual reality, and artificial intelligence evolve, we are likely to see exciting new features in these borderless virtual worlds.

Frequently Asked Questions

What technology will the metaverse use?

The word "metaverse" has become generalized, but there are still different ways of conceiving and defining it. The meta version will be determined by the technology we use to access it, which could include virtual reality (VR), augmented reality (AR), and brain-computer interface (BCI).

What key technology will be used to discover the metaverse?

It is expected to take shape over the next decade with technologies like augmented reality, virtual reality, IoT, 5G, blockchain, and cloud computing talking and communicating with each other. Several companies are already contributing to the creation of this virtual space and they are big and small and diverse in what they do.

Is the meta tag a new technology?

The innovation associated with the meta-study has generated criticism and expected suspicion. Like any fast-growing technology that is emerging, the variables of its operations have yet to be fully confirmed.

How can brands take advantage of the metaverse?

Technologies currently driving metaversion include augmented reality (AR), virtual reality (VR), mixed reality (MR), and artificial intelligence (AI). This technology is then added to existing software and apps to bring the best immersive digital experience to the next level.

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