How These Emerging Technologies Power the Metaverse
With the emergence of technologies, every business has experienced its stage of development. The Metaverse is a 3D digital world concept that consists of virtual space, and it allows users to carry out a wide range of activities, such as playing games, hanging out with loved ones at a virtual coffee shop, among other themes.
But on the same note, the metaverse functionalities are still under development. For instance, Facebook changed its name in 2021 to meta, and other companies such as Microsoft and Nvidia are also coming up with new versions of the Metaverse.
Other tech companies are on a competitive edge as they incorporate new technologies to power the 3D virtual world expansion.
The Origin of the Metaverse
Metaverse was designed by renowned scientist Neal Stephenson in 1992., where he envisioned how people could use online technologies to explore the digital world. Many other tech companies have emerged with new metaverse versions even as they focus on the future of technology and staying on the frontline.
The Newest Development of the Metaverse
In October 2021, Facebook CEO changed the Facebook name to Metaverse, and this became a trending word globally. This rebranding came with a high cost as the dream came into being. The Facebook group used enormous resources when a new division known as Reality Labs was invented. The total cost was approximately 10 billion Dollars. This was done to catalyse and develop content, software, AR and VR headsets. Mark Zuckerberg ‘s dream is to see it grow its popularity in the near future.
On the same note, when COVID-19 struck the world in 2020, there was more demand for virtual world communications, and this saw an accelerated interest to develop more metaverses. When social distancing became the order of the day,3D virtual spaces became popular where co-workers could now engage, meet and work remotely.
Online games have also taken the lead in embracing Metaverse, for instance, the AR mobile game Pokemon GO, which allows players to hunt down virtual Pokemons using a smartphone in the real world. Tech companies such as the Nvidia Omniverse also developed a metaverse that connects 3D spaces into shared space to ensure collaboration between designers, engineers and implementers. Companies such as BMW are using technology to reduce the turnaround time involved with the production, and improve the quality of their machines.
Top technologies that Power the Metaverse
As Metaverse continues to develop, here below are 7 Top technologies that power the Metaverse and are worth knowing about.
- Artificial Intelligence (AI)
AI has played a significant role in the contemporary world. For instance development of chat boxes and bots to bring real-life communication on the internet. This has accelerated strategic planning, making critical decisions, faster computing, facial recognition and many others. Its believed to transmit data in real-time.
Artificial Intelligence has also played a significant role in creating metaverse avatars such that engines can analyze 2D images or 3D scans to generate more accurate and realistic avatars. The avatars are then used to develop non-player characters into more life-like characters.
- 3D Construction and Modelling
While 3D modelling is not a new technology, it seeks to ensure that the shape and appearance of objects look real. For instance, during lockdowns in the real industry which could lock buyers from buying new properties, agencies adopted the 3D reconstruction strategy to generate virtual property tours.
Buyers could research new homes virtually, decide, and purchase the property even when they have not physically visited the properties.
This technology is expected to double by 2028 with an approximate $2B by ensuring virtual replicas of the physical world are enhanced.
- Blockchain and Cryptocurrency
This technology is working towards ensuring secured digital content and data in the Metaverse. Blockchain provides that there is a decentralised and transparent solution when it comes to digital collectability, governance, transfer of value and proof of ownership.
On the same note, cryptocurrency users work in a way that users can transfer funds while socialising and operating in the 3D digital world.
- Augmented Reality (AR) and Virtual Reality(VR)
This is where spatial computing combines AR and VR as they interact with the real world. To better understand this technology, AR uses digital elements to transform the real world. VR, however, uses almost every digital device with a camera to look into any dimension. It produces a computer-generated virtual environment just as it happens to Metaverse, though users can explore it using VR gloves, sensors and headsets.
With the buzz around Metaverse, it is hoped that metaverse companies will invest further in AR and VR equipment.
- Internet of Things
According to the blockchain, the Internet of things is essential in the Metaverse. When IoT and Metaverse are integrated, they create opportunities for social requirements and individual needs.
The main aspect of IoT in the Metaverse is collecting and giving data gathered from the physical world. The main aim is to enhance the accuracy of digital representations in the final reports.
- Brain-Computer Interfaces
While the World Economic Forum (WEF) has the Brain-computer interface on its list as a technology meant to shape the Metaverse, Gownder thinks that the brain computer interface is science fiction. This could, in reality, be a far-reaching vision, according to the World Economic Forum. This is after taking note that the technology aims to replace the traditional physical hardware and control screens.
- Extended reality
According to BCG, AR, VR and MR are anticipated to change how businesses visualise and use data. This will be done by moving from 2D to 3D to have more realistic experiences and digital views that coordinate with head movements.
AR will ensure better computer vision, and users will orient themselves to the environment much better.
Extended Reality is already in place and allows users to have a better experience of 3D holographic images in a way that they are part of the environment.
Challenges Experienced with the Metaverse
Because the Metaverse is still in its early development stages, it is still encountering several challenges, such as privacy control and identity authentication. For instance, why it is easy to identify a real person in the real world can be a challenge in the Metaverse. This could remain in the digital world and possibly damage people’s reputations through personalization.
The fact that the Metaverse depends on AR and VR to offer an exclusive experience, there could be leakage of customers’ information, more so because of the camera capability. This leads to a compromise of security.
The Metaverse is an exciting technology with enhanced developments. Companies are gradually discovering their potential and using new virtual features. For instance, Facebook, Nvidia and Microsoft play a significant role in exploiting this digital space and moving beyond to ensure notable projects are realized. Look at the crypto space, the virtual transfer of value is something we cannot ignore. Things are done in the blink of an eye.