Metaverse - Evolution of the Internet - Supply Chain India Jobs

What Is the Metaverse and why people are talking about tt? What i need to know about Metaverse? Why metaverse is important? These must be some of the questions going through your mind these days. In this article, we will try to understand what exactly is Metaverse and what changes it will bring about.

Metaverse – Evolution of the Internet

What is Metaverse concept?

Metaverse is a digital space that combines aspects of augmented reality (AR), virtual reality (VR), social networking, online gaming, and cryptocurrency to allow users to interact “virtually”.

The concept originated from Neil Stephenson’s 1992 science fiction novel Snow Crash, referring to a parallel digital world that is disconnected from the physical world but is always online, in which people can play virtual characters. (avatar) to live freely.

What is Metaverse?

The Metaverse is a highly immersive virtual world in which people can socialize, learn, play, live, and work just like the real world. It can also be understood as a parallel digital world that is independent and blended with the real world.

When Metaverse develops, it will create online spaces where users can interact more multi-dimensionally thanks to the support of modern technologies. Instead of just viewing digital content, users in the Metaverse can “immerse” in the space, where the physical and digital worlds converge.

Facebook defines Metaverse as “a collection of virtual spaces where users can create and explore with other users who are not in the same physical space”.

If you want to have an intuitive understanding of the Metaverse, it is recommended to watch the movie “Ready Player One”. The protagonist wears VR glasses and enters the virtual world “Oasis” on a treadmill, which is very in line with people’s expectations for the Metaverse.

The idea behind Metaverse is to create a new online space in which people can interact with each other in more dimensions and immerse themselves in digital content instead of just watching.

Will Metaverse be the future of the Internet?

Metaverse technology is expected and will be the turning point in the future world of Internet.

During the past 20 years we have witnessed the development of the Internet and the emergence of smart devices, which are gradually ushering in a revolution and technology is gradually replacing the role of humans. The development of Metaverse promises to create fertile ground for devices and machines that can easily recognize and respond to the surrounding environment developing in the ecosystem.

From the definition of the metaverse in a broad sense, the metaverse is the next-generation Internet that integrates advanced technologies such as VR/AR, AI, cloud computing, and blockchain after the PC Internet and the mobile Internet. In the metaverse, you are no longer browsing the screen, but being there, from watching, to being present, browsing from a 2-dimensional screen, to an immersive experience in a 3-dimensional space.

Metaverse will significantly impact and change the concepts of remote work and digital entertainment, and even some other fields such as healthcare, education and bank.

Marketing and e-commerce will change drastically, where online stores will be “embedded” in physical and augmented reality, a far cry from today’s specialized properties.

Elements of a Metaverse product

A qualified metaverse product has the characteristics of several major elements:

Immersion

Immersion is the most important element of the Metaverse, and it is also the biggest feature that is different from the current 2D Internet. With the latest VR/AR devices, plus more somatosensory touch devices and brain-computer interfaces, a vision that is close to the real world can be achieved. , hearing, touch, taste and other sensations.

Virtual Avatar

Everyone in the metaverse has one or more virtual avatars (avatars), which can be fully dressed and personalized to express themselves, act in the virtual world, interact with other avatars, and communicate.

Open to creativity

The metaverse is open, and everyone can participate in the construction of the metaverse and create in it, but open a gallery, open a personal concert, create a small game, build a nest of their own, and so on.

Socialize

Socializing is an important component of the Metaverse. It can communicate, interact, and make friends just like the real world.

Economic civilization system

In the metaverse, some people consume, some produce, some entertain, and some work. The metaverse also has a complete economic ecosystem. Virtual digital assets can be circulated in the metaverse and exchanged in the real world.

The metaverse is not a game, nor will there be only one, there will be multiple metaverses of different experiences, parallel to the real world. With the passage of time and the advancement of technology, the metaverse will continue to mature and improve, and will eventually become an important part of human work and life, and become the second world of people’s ideal life.

Metaverse Technology: The Race of Tech Giants

The idea of Metaverse is attracting a lot of attention from investors as well as technology giants.

The increased interest in Metaverse technology can be seen as a result of the Covid-19 pandemic. As the trend of remote working from home and online learning increases, so does the need for “realistic” online interactions.

In a press release on October 17, Facebook said that it is planning to hire 10,000 high-tech workers in Europe to focus on developing Metaverse. Metaverse is a new stage of virtual experiences that are interconnected using technologies such as virtual and augmented reality. The idea behind is to create a more multi-dimensional experience for users, the feeling of online interaction becomes closer.

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Which industries will the Metaverse change?

From the current point of view, the initial manifestation of the Metaverse is only in the game entertainment industry. It is believed that with the continuous maturity of technology, the next stage of development of the Metaverse is to reconstruct the social, consumption and other aspects of reality in the digital world. It is believed that the future metaverse will truly become a virtual mirror of the real world.

Legal and Regulatory Issues in the Metaverse

The explosion of the Metaverse and its impact on the future, while everyone is happy, should also be more rational, such as: data security, technical restrictions, financial service supervision, intellectual property protection, etc., with the development of various systems and laws The perfection of the Metaverse and the realization of the Metaverse may open up the era of full truth of the Internet.

Metaverse – Evolution of the Internet