Metaverse the changing world of technology

Safalta Expert Published by: Yash Gupta Updated Mon, 02 Sep 2024 03:36 PM IST

Highlights

Metaverse is a new technology that continues to become more popular and helps us feel things from a large distance. How is it possible? What is the story behind this? What's its importance? Let's try to know it.

Source: Safalta

Welcome to Safalta, where you should come daily to enhance your knowledge and keep yourself updated in this changing world. So you are here to learn about another new technology called "metaverse." So in this blog, I tell you all things about the metaverse and how the knowledge of the metaverse makes you the king of technology.First of all, let's know about the word "metaverse." You should not confuse metaverse with another word because meta is a social media platform and metaverse is a technology, but in my upcoming blog, I will also let you know if there is a link between meta and metaverse.

So the word metaverse is the combination of two words:'meta'' and 'universe' (the only verse is taken from the universe),  which means beyond 'the universe'; it means it has no limits.

Now try to define the metaverse. We already know that it is beyond the universe, which means it has no limits and is a virtual reality space where people can interact with things virtually. All environments are virtual, but we feel that it is real because the metaverse is a 3D virtual program that can be accessed by people from a large distance. It is like a digital playground where we forget the real world and are lost in the virtual world, or we can say that the virtual world becomes the real world at that time.

Some examples of the metaverse are: you see many people playing cricket with their hands, but they do not have a bat in their hands; they wear a device on their eye, which is the device with the help of which we can play games without equipment because that device uses the technology of the metaverse, which provides a virtual world to the user. 
TO understand the meaning of the metaverse with some real-life examples. Now talk about some statistics about the metaverse.
 

  • The market of metaverse was valued at  $61.8 billion in 2022 globally and will reach $426.9 billion in 2027, with a compound annual growth rate (CAGR) of 47.2%. It currently has more than 400 million monthly active users. 
  • The metaverse is predicted to be worth $800 billion by 2024.
  • 25% of people will spend at least an hour per day in the metaverse by 2026, and by the same year, 30% of all organizations in the world will have products and services ready for the metaverse.

So now we understand the metaverse with some analysis, and it is clear and visible that it is developing continuously and helping to change the world of technology. Now it is time to go through the details of the metaverse and understand it closely and from other perspectives.

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Table of Contents


Seven Layers of Metaverse

  1. Experience: The metaverse gives us a great experience of things that we had not experienced in the past because it removes all limitations of physical experience that gave us limited experience, and we feel things that do not even exist.
  2. Discovery: People can find the metaverse using search engines, web apps, and websites With the help of these platforms, consumers can learn new technology.
  3. Economy: Developers use various tools, like drag-and-drop tools, to create new assets and materials for consumers to provide them with an immense experience of digital things that consumers purchase and the economy creates
  4. Spatial Computing: The metaverse is a mix of mixed reality, virtual reality, and augmented reality. By combining them all, it develops a technology over time that enables users to interact with 3D environments.
  5. Decentralization: A single authority doesn't control the technology of the metaverse, but there are stable ecosystems that support all businesses in the metaverse.
  6. Human Interfacing: Human interfacing must be included in the hardware layer of the metaverse, which accepts it as a realistic  3D body because any virtual world can accept it.
  7. Infrastructure: The technology that empowers people’s gadgets, links them to the network, and distributes content is part of the infrastructure layer. Today, 5G networks have evolved it.

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Features of the Metaverse

  1. Incorporation of Avatars: In the metaverse, digital avatars are designed to look like real-world characters; these avatars can also express feelings and emotions about themselves.
  2. Immersive Experiences (AR and VR): The main building blocks of Metaverse projects are AR and VR. Three key components are required for augmented reality systems to function: the linkage of real and virtual environments, real-time interaction, and accurate 3D object rendering. We also play games in the virtual world, just like in real life.
  3. Interaction with Artificial Intelligence: As the main idea behind corporate research in fields including content analysis, self-supervised speech processing, virtual interactions, computer vision, and whole-body posture estimation, AI is crucial to the metaverse. 

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Importance of the Metaverse

  1. A new technique for interacting with users: The metaverse has proven to be a new technique through which businesses, governments, and themselves can interact with users, and it also saves time.
  2. Useful in Virtual Meetings: Now, through the technology of the metaverse, businesses are starting to conduct virtual meetings where all participants meet each other while sitting at home. This can be used in an emergency as well. 
  3. Easy Sell and Purchase: The present time is called digital time, where most things have started to be online and sell and purchases are also conducted online, but we can't see the 3D model of that product, and the VR technique of the metaverse removes this problem.

Metaverse Platforms

There are many platforms through which users who want to interact with a virtual world can interact. These platforms are like headsets through which people can watch movies and play games. The game of Roblox also uses this technique.

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Now, we know all things about the metaverse; it's important to know how it works and what its functions are, but the question is: how useful is it? Because we already know that if one thing has benefits, the same thing also has some limitations, so the metaverse also has some limitations, like promoting materialism among people and ignoring all aspects of humanity. It also makes people alone because it is so addictive that people can spend their whole lives on it.So after knowing some limitations of the metaverse, we concluded that the metaverse is a better technology for businesses and entertainment, and it also links with artificial intelligence, but we should be aware while using it and only take limited work from it.

What is metaverse?

Metaverse is a new technology that lets users interact with virtual 3D environments that seem real to them.
 

 

What are some examples of metaverse?

Some examples of metaverse are playing video game virtually, virtual meetings, shopping with metaverse etc.

What is AR ?

AR stands for augmented reality which means it let the users to interact with virtual world in real time and access 3D environment to the users.

What is VR ?

VR stands for virtual reality which means a computer generated scene, environment, object which feels the users that it is all real.

Where can be done the course of Metaverse and other related technology?

You can do the course through Safalta which also gives you placement assistance and certifies you.