Professional Documents
Culture Documents
BUSINESS
COMPUTER-SCIENCE & RESEARCH
SEMINAR ON : METAVERSE
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AGENDA
1. INTRODUCTION
2. HISTORY
3. HOW IT WORK ?
4. USES
5. EXAMPLE
6. FEATURES
7. ADVANTAGES
8. DISADVANTAGES
9. COMPARISON
10. CONCLUSION
11. REFERENCES
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INTRODUCTION
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.
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HISTORY
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The metaverse is a vision of what many in the computer industry
believe is the next iteration of the internet: a single, shared,
immersive, persistent, 3D virtual space where humans experience life
in ways they could not in the physical world.
The concept is not new: The term metaverse was coined in 1992 by
author Neal Stephenson in his sci-fi novel Snow Crash, and work on
the technologies that underpin a virtual reality-based internet date
back decades.
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HOW DOES IT WORK ?
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USES
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Whether VR and AR experiences turn out to be the primary
interfaces of the metaverse remains to be seen, Gartner senior
principal analyst Tuong H. Nguyen told Lawton, adding that what we
have now are precursors or pre-metaverse solutions.
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EXAMPLE
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virtual experiences, it provides a variety of revenue-generating
potential. People can design their avatars, participate in
numerous activities, learn about cryptocurrencies, and purchase
virtual “real estate” in the tower. Using the platform’s builder tool,
you can also utilize this real estate to make artwork, games,
sequences, and other things.
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Features
1. Incorporation of avatars
Avatars can frequently be altered and can resemble their users’ real-
life counterparts in some way. Avatars can occasionally also be
computer applications. With the help of keyboards, joysticks, mice
and specialized human-computer interfacing (HCI) devices, users
may operate their avatars. More lifelike avatars might give viewers or
anyone interacting with them a more immersive experience.
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2. Blockchain-based operations
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4. Immersive Experiences (AR and VR)
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employed for various purposes, including sales, marketing, and
customer support.
governance
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formal training and information on how to connect with computing
systems.
9. Supporting Web3
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ADVANTAGES
➨It creates more demand for goods and services and hence helps in
creation of jobs for developers, designers and creators.
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DISADVANTAGES
➨It requires faster and reliable internet connection with the help of
fiber based connection and 5G wireless network.
➨There is a huge disparity between real world and virtual world. This
often leads to psychological disorders to the users such as stress,
trauma etc.
➨Metaverse leads to privacy threat and data theft due to internet use.
➨People leave in actual world and it takes time for them to become
accustomed to the new virtual worlds to get benefits of the metaverse.
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COMPARISON
When most people hear the term Artificial Intelligence, the first thing
they usually think of is robots. That's because big-budget movies and
novels weave stories about human-like machines wreaking havoc on
Earth, but nothing could be further from the truth.
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The combined market for VR/AR is projected to reach US$31.12
billion in 2023. The revenue shows an annual growth rate (CAGR
2023-2027) of 13.72%, resulting in a projected market volume of
US$52.05 billion by 2027. The market's largest segment is AR
software with a market volume of US$11.58 billion in 2023 with a
projected market volume of US$8,568.00 million in 2023, most of the
revenue is generated in the United States and the number of users is
expected to amount to 2,593.00 million users by 2027. The average
revenue per user (ARPU) is expected to amount to US $14.08 [13].
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CONCLUSION
The metaverse has been defined as a massively scalable and
interoperable network of real-time rendered three-dimensional
virtual worlds that can be experienced simultaneously and
persistently by an essentially infinite number of users with a
sense of personal presence and continuity of data, including
identity, history, entitlements, objects, communications, and
payments.
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THIS IS JUST VIRTUAL
WORLD AND OUR
REAL WORLD
IS BETTER THAN THIS.
THANK YOU
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