What exactly is metaverse and why should I research it?
For the past few years I have heard the term “Metaverse” which has inspired developed countries to convene and debate it.
Developers from around the world discuss what the Metaverse, Metaverse Development Company and technology mean and what the future holds. After exploring the evolution of metaverse, use cases can change the face of the Internet. Of course, existing platforms like Twitter, TikTok, Roblox, Epic, Facebook and others may struggle to take over, but who knows?
One thing is certain: “Metaverse” began as a science fiction concept.
Neal Stephenson famously coined the term “Metaverse” in his 1992 novel Snow Crash, referring to a 3D virtual environment populated by avatars of specific individuals. However, along with Ernest Cline’s 2011 novel Ready Player One, Stephenson’s work remains one of the most prominent inspirations among fans of the metaverse.
For better understanding, let’s look at metaverse development technologies and application scenarios.
The role of Metaverse in VR technology
Consider yourself in the happiest place on the planet, maybe Disneyland, where all the objects, including the Magic Kingdom, Toy Story Midway Mania and other theme park objects, seem so real that you can touch them, but deep down you know that everything, what you are seeing is completely fabricated and tricked by magical technology.
Welcome to the world of virtual reality!
Do you want to immerse yourself in a virtual reality experience from the comfort of your home? Who doesn’t want to play fascinating games, go to concerts and travel the world without leaving their homes? This is where virtual reality and Metaverse developer tools intersect.
The Metaverse can be experienced in virtual reality (VR) for a more realistic experience. Using virtual reality technology, you can enter new stores, explore more things, get information and participate in exciting events. It fosters a sense of community while allowing us to experience the warmth of hugs and hand-holding with loved ones around the world.
Unity’s CEO predicts that AR-VR headsets will outnumber gaming consoles by 2030. Metaverse’s use of VR technology has the potential to further disrupt massive sectors. Let’s assume that Facebook Horizons will allow you to create your dream virtual scene. You connect and build relationships with people all over the world. Meanwhile, VR gloves are expected to be the next big thing. HTC, PlayStation VR, Oculus Quest and Valva Index are among the most popular VR headsets worldwide.
Metaverse Use Case for VR Technology:
Significant benefits of hyperreality include data realization, medical changes, and expanded commerce. For example, most businesses today struggle with securing the vast amount of data they have access to, whether it’s financial, administrative or medical data. It might be possible to use data more effectively when we realize it in a hyper-realistic way and visualize huge amounts of data.
the best VR interaction tool for immersion. The entrepreneurial startup uses examples of immersive technology to advance everyday, giving clients access to a valuable audience. Today’s educational platforms like those provided by colleges and universities are fascinating. Here, immersive learning can take many different forms, from virtual lectures with an experienced teacher that gradually refine their understanding, to 360-degree movies describing the solar system.
Expanded development of the VR world
According to Statista, the global market for augmented reality, virtual reality and mixed reality was worth $28 billion in 2021 and more than $250 billion in 2028. For example, Metaverse, a social technology innovation, allows digital avatars of people to interact across multiple disciplines.
Instead of AI technology in the Metaverse
The Metaverse, which Mark Zuckerberg called “an immersive version of the Internet,” will offer experiences that are not yet feasible. Development of hardware and software, as well as other areas, would be essential to the Metaverse, he continued, and artificial intelligence (AI) holds the key to unlocking these gadgets.
Due to the merger of artificial intelligence, mobile app developers are increasingly interested in developing AI mobile apps. The metaverse experience relies on artificial intelligence as it deepens the bond between the physical and virtual worlds.
AI Tech Applications:
Creating Accurate Avatars
An artificial intelligence system can analyze 2D user photos or 3D scans to create renderings that seem incredibly immersive. The avatar can then use numerous emotions and facial expressions to give it a more realistic appearance. Many companies, including Ready Player Me, are already using AI to help develop avatars for the Metaverse.
Accessibility in multiple languages:
The most widespread application of AI is language processing. Natural languages can be transformed into machine-readable forms and sent to a destination. The most exciting aspect is that it happens instantly, much like a fruitful discussion.
AI can also be used to improve communication between humans and computers. For example, a high-end virtual reality headset powered by artificial intelligence will be able to determine your plans to move around the Metaverse based on the electrical impulses you send out.
The position of blockchain technology in the Metaverse
The answer to the question of whether blockchain technology is necessary for Metaverse is:
Blockchain technology enhances virtual reality by allowing users to protect their digital assets. Today, anyone can use NFTs to create and trade digital assets to increase their leverage. Axie Infinity, a trading game that uses blockchain and is inspired by Pokémon and Tamagotchi, is a great example.
Blockchain Exchange Token Use Case:
Tokens of Exchange:
Tokens, secure storage and encryption keys to transfer virtual information are all part of the blockchain metaverse. As a result, the Metaverse blockchain increases people’s trust in the ecosystem because private information will not be accessible to outsiders.
One of the most famous use cases of Hyperledger is the healthcare sector, as it can be used to build a blockchain network that can significantly regulate its supply chain. Another use of Hyperledger is to build a training channel where companies can use the portal to give their employees digital access to training videos.
This allows the Metaverse to manage interactions between ecological participants on an economic, moral, and other level. Smart contracts also give you the ability to enforce the fundamental laws of the Metaverse.
The role of neural technology in the Metaverse
The place of neural technology in the metaverse
A neural network, a computer with connected nodes, was created in 1943 by Warren McCulloch and Walter Pits. Neural technology works much like a neuron in the human body. Building a computing system that can solve certain problems like the human brain is the main goal of creating neural technology. Neural networks support machine translation, computer translation, video game playing, speech recognition and medical diagnosis. A neural network mimics the workings of the human brain and improves specific types of decision-making, such as:
- Detecting fraud in healthcare
- targeted advertising
- medical diagnosis
- voice recognition (natural language processing)
- robotic control system
Use Case of Neural Technology
Have you ever wondered how Google Assistant processes your commands? Robots will soon be able to react as fast as humans thanks to artificial neural networks (ANNs).
Today’s enterprise computing technology is bringing a revolution in the form of edge computing. For example, computational tasks require the right designs, but not all computational tasks can fit into an architecture suitable for one type of computing activity. Edge computing has created a functional distributed computing architecture that allows computing and storage resources to be deployed closer to the data source, ideally in the same geographic area. To identify production issues and improve their production efficiency, industrial manufacturers are also using edge computing to assess real-time analytics at the edge.
“Neuralink”, one of Elon Musk’s grandiose projects that connects the brain to the Internet and helps control robots, is almost complete. Users can communicate with computers using their minds thanks to a technology called Neuralink. It will help with research into brain electrical impulses and the development of new treatments for various health problems.
The place of web 3.0 in the metaverse
Web 3.0 and the Metaverse are important developments for the Internet, yet they serve completely different purposes. Web 3.0 and the metaverse are examples of the future iteration of the Internet. How will Web 3.0 affect us and what is it? I’ll put it simply:
- Web 1.0 version (Internet used from about 1991 to 2004)
- (Today’s Internet) Web 2.0
- Version Web 3.0 (There has already been a significant change in the way of connecting via the Internet.)
If you think everything you post on Facebook, TikTok, or Instagram is your property, think again, because the privacy issue we’re seeing with Web 2.0 today is real. A central authority has complete control over who has access to a user’s data. For example, website XYZ requests personal information in exchange for its services. Web 3.0 is not like that because it is accessible to everyone and no organization has authority over sensitive data. Web 2.0, currently dominated by well-known brands, is rapidly evolving into Web 3.0.
Use Case of Web 3.0 Technology
Although the main problem is the lack of absolute transparency in current blockchain networks, there are use cases of the web3 designed to improve digital infrastructure. For example, don’t you think it’s amazing that someone can confirm that they know a website’s password without revealing the company? As a result, the user’s password would never remain in the website’s database, providing a defense against unheard of cyber attacks.
Another important step in the development of the Internet is the semantic web. According to its creator Tim Berners-Lee, the Semantic Web enhances the ability of web technologies to create and link material by examining the meaning of a term rather than the content of keywords.
Improved data exchange:
Large corporations have a history of controlling and profiting from user-generated data. With Web 3.0, users will instead control their data and be able to monetize the information they provide.
Consider hiring a Metaverse developer for your company
The use cases for metaverse development, the technology used for it, and the tools for it have been covered so far. At Xekera Systems, we believe that innovation is essential to achieving market leadership and raising the bar in the sector. Connect with us today and use our Metaverse development services to discover new verses.