Since the world entered the 21st century, the word on the lips of most tech enthusiasts is the “Metaverse,” which they regard as the next big thing that will redefine the online space. The metaverse concept first appeared in the iconic novel, Snow Crash, published in 1992 by Neal Stephenson.
What Is Metaverse?
The definition of the metaverse in the book depicts it as an imaginary space available to the public across the world wide web accessible via virtual reality gadgets. Therefore, the metaverse refers to a digital environment enhanced by augmented reality (AR) or virtual reality (VR) technology.
Moreover, the phrase” Meta” refers to “beyond,” and “Verse” means the universe. In addition, some people use the metaverse concept to signify the virtual realm where players can navigate and interact with one another.
For example, an environment where developers build things like leisure parks and other platforms that do not exist in the real world. The metaverse became popular during the global lockdown in 2020 due to the COVID-19 pandemic.
Thus, this paved the way for more individuals to work from home and attend lectures and other meetings online. With this comes the demand for more tools to make online interactions more real.
In July 2021, Mark Zuckerberg, founder of Facebook, revealed that his company aims to build a more maximalist replica of the popular social media platform Facebook. Zuckerberg believes the proposed design includes an immersive social presence, entertainment, and office activities.
To mirror Zuckerberg’s vision, Facebook was rebranded to Meta in October 2021 to reflect the company’s shift to developing a virtual ecosystem known as the metaverse.
Core Features Of The Metaverse
The underlying ideas about the metaverse come from the playbooks of science fiction. At its core, the metaverse is depicted as the all-in-one digital iteration of the internet, an embodiment of a real-life scenario grounded in a virtual world.
That said, some of the core attributes of the metaverse include the following:
- Synchronous and live
- Functional economy
- Immersive experience
- Diverse contributors
- Unprecedented Interoperability
- While the above attributes characterize the metaverse, it differs from a virtual world. For decades, virtual worlds and games powered by artificial intelligence have existed, with most designed primarily for gaming.
The Workings Of The Metaverse
The metaverse comprises the non-fungible token (NFT) and the virtual world-related metaverse categories. In the first category, users leverage NFTs and crypto tokens to develop a blockchain-based metaverse company.
People can buy virtual lands from Decentraland and The Sandbox platforms (the two most popular metaverse platforms at the time of writing) or create digital space. For the second group, users leverage the metaverse to describe the virtual world where people meet and interact for leisure or business.
Facebook, now Meta, is more interested in this second category, and in July 2021, it assembled a team for its Metaverse subsidiary. It is worth noting that buying and selling virtual assets or digital collectibles on all metaverse platforms involves cryptocurrency.
Meanwhile, some blockchain-based platforms like The Sandbox require only Ethereum-based crypto assets.
Things To Do In The Metaverse
There are many activities that users can engage in while in the metaverse. Such activities include buying digital merchandise and attending virtual concerts.
With the effects of the COVID-19 pandemic still being felt in the economy, observers believe that the metaverse could be a game-changer for the increasing number of employees working from home.
Hence, it is no surprise that Facebook launched Horizon Wookrooms to facilitate virtual team meetings and enhance collaboration between coworkers from any location. Users can join a conference call in the virtual room (VR) using their unique avatar or make a video call connected to the VR from their PC.
However, tech companies are yet to figure out how best to connect the various work channels using this advanced technology as it is still a developing aspect of modern technology.
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