The term ‘Metaverse’ is the latest buzzword in the tech industry which captures all the attractions from all the industries. Tech giants like (previously known as "Facebook") working on this technology passionately. Neal Stephenson’s classic fictional novel "Snow Crash" is widely credited for the coinage of the word ‘metaverse’ which was released in the year 1992. This word is a conjunction of Meta which means beyond and the universe. But What is Metaverse? Is it a Fictional Universerse - a world with no limitation or Is it a fancy word for the cartoonish world? Let's Understand Everything in detail.
Metaverse is the combination of various virtual worlds which creates replicated universes of the real world. The metaverse is a virtual copy or we can the virtual version of the real world. In this we could not only just see stuff; we could also go inside it! and feel the extended reality (XR) at a new level. A metaverse is a place where people can interact using their avatars each user has a different avatar associated with them. Like we are using Snapchat at a most basic level and Instagram has also introduced a feature called an avatar. Users can do stuff like partying, watching sports, movies attending seminars, and meetings, playing games and enjoying music concerts.
It is developed on a decentralized technology called blockchain which makes it more secure. Metaverse is nothing but a platform where users spend their virtual life. This tech brings a richly immersive, hyper-realistic experience to the users.
Now everyone must be wondering about how they can access the metaverse. So there are many ways for entering the virtual universe. At a very basic level users can use their smartphones and play the hyper-realistic video game. If a user wishes to witness the extreme experiences of meta then they need to have some expensive stuff of VR, AR, and XR. Currently, we do not a single point where we can witness the metaverse fully this tech is new and need some time for development.
It may be possible that META Company will launch their social media platform - Instagram and Facebook in metaverses. And the process started on Instagram and recently added a feature of avatar for the users. Soon we will see our avatar interacting with other users on social media platforms.
It is too early to predict the future of the metaverse industry but if it is implemented in the right way it has the capabilities to change all industries. But the ease of access made the metaverse future a little uncertain. Users need to have expensive equipment for the best experience and it is not possible for many people. So companies are required to work on the cost-effectiveness of VR and AR products. Like every technology, this also has the fear of privacy and it will enter our lives deeper than previous technology. So it will impact our lives at a very private level.
According to some reports available on the internet, almost 70% of the population start using the metaverse by 2030. On the other hand, some experts think that it will remain out of reach of most people for a long time because of cost. But all we know is that the universe of technology changed rapidly and things become normal in a few months only. So this tech has wide use cases and can bring revolution in some industries.