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enter a Metaverse?
techaheadcorp.com/blog/decoding-metaverse/
Digital Transformation
Right from Apple and Facebook to Amazon and Google, every major
technology company is now trying to grab a pie of metaverse and create
their products and services based on that.
In this blog, we will decode the metaverse for you, explain its definition,
the underlying technologies behind it, and showcase ways to enter the
metaverse.
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Metaverse: Definition
The term metaverse was first coined in a 1992 science fiction novel called
Snow Crash, wherein a pizza delivery boy living in a dystopian society
enters the virtual world, and some very interesting things happen to him.
To understand the metaverse, let’s first mentally replace this term with
‘Cyberspace’, and all the missing pieces of this puzzle will come together,
to showcase the actual meaning and relevance.
Imagine you are buying a pair of new shoes today. Under present
circumstances, you will visit the online store, ‘read’ or ‘watch’ the details
and make the payment.
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In a metaverse environment, you can actually visit that shoe store, ‘touch’
and ‘feel’ the product in augmented reality, try out the product, maybe
‘run’ a little bit, and then make the purchase via virtual currency. All these,
while you are sitting thousands of miles away from that store, in physical
form.
These are:
NFT Technologies
Every metaverse will have avatars and objects, and the identities of these
avatars and objects will be determined and continued with NFT or Non
Fungible tokens. Since NFTs are unique assets that cannot be replaced
and can be stored till eternity via blockchain technology, these are the
perfect way to identify and transfer ownership of digital assets, avatars,
and objects, within a metaverse.
Interactive 3D Technologies
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Via VR (Virtual Reality) and AR (Augmented Reality) glasses, the users of
a metaverse will be able to experience MX (Mixed Experience) and XR
(Extended Reality), and this will empower the users to have a fully
realistic, immersive experience. You can not only see and use the objects
and avatars but also interact with them, experience them like in the real
world.
Pokemon Go, for instance, already does provide such a virtual reality
experience, but this will be amplified within the metaverse.
Distributed Computing
The underlying principles of blockchain and torrents will form the base for
metaverse as well. Since we need an exponential amount of computing
power to translate and transform literally every real-world object into its
virtual form, we will need an enormous amount of computing power, and a
distributed model seems a perfect choice.
For infusing logic and sense into the augmented reality objects, avatars,
and their functioning, we will need advanced, powerful Artificial
Intelligence, for not only storing the data but also processing it in real-
time.
In other words, we will need AI-powered tools like Google Now, Apple
Siri, Amazon Alexa, and Microsoft Cortana with more power and more
capabilities.
Fast Network
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How To Enter A Metaverse?
First and foremost, we will need the hardware.
Once the hardware part is dealt with, we will need an actual metaverse to
enter and experience, and there is some good news here as well: There
are already numerous metaverses that are active and promise an out of
the world virtual experience for the users.
In pop culture, the metaverse and its basic foundations have appeared in
movies like Matrix, Ready Player One, and Tron, wherein the users
actually enter the metaverse, and even fight the bad guys! Although a lot
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of things portrayed via these movies were fiction, they are now becoming
a reality, and mainstream now.
Most of the metaverses, which are currently active, have their own digital
currency as well, which are traded among crypto investors. For example,
Decentraland, whose currency is MANA whose price is around $3
currently.
Sandbox, Star Atlas, Bloktopia, Metahero are some of the popular games,
that are based on the metaverse, and will allow their users to trade, sell,
buy and establish their own empire within the metaverse.
Hyundai, Nike, Adidas, Warner Bros, Coca Cola, Louis Vuitton, and
numerous other brands are in the process to partner with other popular
metaverses or forming their own metaverse to entice users, and
encourage them to buy their products.
Metaverse is the future of the Internet and Digital, and it has the power to
change the future.
Written by
Mohul Ghosh
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Mohul is fascinated with the Digital world. He analyses the trends and
waves that shapes the technological ecosystem, and shares his expertise
via business stories, case studies and blogs.
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