Nov 21, 2021
What's the big deal about the Metaverse?
What is it, and should you care? To put it simply, yeah, you should!
Consider this: after a long day of work, you want to unwind with a glass of wine. Suddenly, a product catalogue appears before you, with various wines classified by type. You decide, and an order is made to UberEats, which delivers the wine to your door in 20 minutes. You only needed to think of wine.
Hello and welcome to the Metaverse! The "metaverse," according to experts, is another digital reality in which people can live their whole lives, work, do commerce, and socialize. It's an exciting concept, but it seems like something out of science fiction.
However, Metaverse has been around for years and was popularized in Neal Stephenson's 1992 cyberpunk novel Snow Crash. The idea behind this sort of VR technology isn't so farfetched anymore either because there are already VR headsets on the market today!
Wikipedia defines it as a collective virtual shared space created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the Internet.
Where is the Metaverse being used?
The Metaverse is more than simply a word from a Neal Stephenson sci-fi novel. Google, Disney, Microsoft, Adobe, Amazon, and Facebook, among others, have already embraced this technology. Furthermore, computer games like Fortnite and Roblox, in which users can create their worlds, are already utilizing some form of the Metaverse.
It is worth noting Facebook (now known as Meta) has made significant investments in Augmented Reality and Virtual Reality.
The 7 Market Layers of the Metaverse
The use and use of Metaverse technology can be divided into seven broad categories.
- Experience — This is what we do: games, social events, live music, and so on.
- Discovery — is how people learn that an experience exists.
- The Creator Economic— lets creators develop and monetize items for the Metaverse falls under this category: design tools, animation systems, graphics tools, monetization technologies, and so on.
- Spatial Computing — refers to the software that converts objects into 3D, computes them in the real environment, and allows us to interact with them. It is supported by 3D engines, gesture detection, spatial mapping, and AI.
- Decentralization is everything that transforms the ecosystem into a permissionless, distributed, and democratized structure.
- Human Interface — refers to the hardware that allows us to interact with the Metaverse, including everything from mobile devices to VR headsets to future technologies such as enhanced haptics and smartglasses.
- Infrastructure — is the semiconductors, material science, cloud computing, and telecommunications networks that allow any upper levels to be built.
Still so many unanswered questions
This uncharted territory exposes Pandora's box of many unknowns, such as what legal laws exist in the Metaverse. For example, copyright licenses: how will original content creators prevent their work from duplicating in the Metaverse?
How do trademark owners go about enforcing their rights? A trademark is typically a term, phrase, symbol, design, or a combination of these elements that identifies and distinguishes the source of one party's goods from another. Typically, a trademark protects brand names and emblems used on goods and services.
Third, we are already dealing with privacy issues, hate speech, and digital harassment on significant sites such as Twitter and Facebook. What safeguards are in place that large tech corporations can use to ensure that these vices do not permeate the Metaverse?
These questions, however, will not affect the Metaverse's arrival. The fundamental question is whether we are prepared for the Metaverse and spatial Internet.
