Metaverse
The tech industry loves buzzwords. And now, everyone is talking about the metaverse.
In general, the metaverse can be defined as a virtual world in which we can live, work, travel, and play.
But it doesn’t actually exist yet, and like the Gaudi church, the Sagrada Familia, it may take some time.
But that hasn’t stopped companies of all shapes and sizes from trying to get involved.
JPMorgan, HSBC, Gucci, and Coca-Cola are among a few companies that have
Immerse yourself in the metaverse so far.
And of course, there’s Meta and a company formerly known as Facebook metaverse.
While the metaverse is still mostly science fiction at this point, there are some older versions of it that give us a glimpse of what might be possible.
Here at the Mobile World Congress in Barcelona, several of them are on display. let’s take a look.
Many in the tech industry claim that the metaverse is the next stage of the internet.
Companies like Meta praise this utopia that makes our time online more interactive and fun.
They also say that it will offer the company new ways to make money. a lot of money.
One report estimates that the command economy could be worth between $8 and $13 trillion by 2030, but getting there will require significant investments.
We think the metaverse is something that is already with us.
It’s at its core, the digital world, with things like smartphones, the web, and games.
We have always been the metaverses.
It’s not something that will run in one day. We’re looking at how to make these things more immersive, and how to make these things more accessible.
How do we make these things better for humanity,
And how do we make these things safer, too?
Besides the hype, there have been a whole host of concerns, from child safety to scams, which is why regulators will undoubtedly be watching how the technology progresses.
But companies here in Barcelona have placed their bets on the promise of the Metaverse,
With a wide range of demos on offer.
From SK Telecom’s “4D Metaverse” tour to Qualcomm’s augmented reality show that allowed you to beat virtual bugs. It was actually kind of fun.
A tech company called Unity is trying to put sports fans in the middle of the action.
But what is too
Did software use to create?
Sometimes it can be more like amazing magic in a fantasy world where people are riding unicorns and dancing on the moon or it can be something really ordinary like if you want a hologram
A representation of what a new building
will look like.
What we will see is that all of these different companies will create their own subgroups in the same way that the Internet is the Internet, but there are many, many different sites that you can go to.
But are these demonstrations mere tricks, or are they a sign of things to come?
Challenge with the metaverse is a very vague term.
So, we have Mark Zuckerberg’s meta vision of a semi-arcade game that you get into on your own and then we have the most coherent version of virtual and augmented reality, which might just augment your life in a very simple way.
No company is more active and more outspoken about the metaverse than Facebook,
which changed its name to Meta at the end of 2021 to reflect its “overall” stance.
We are at the beginning of a long journey. Meta had to do something that was a statement to get people’s attention.
And if you look at the huge amounts of money they invest, they had to justify that investment.
My personal belief is that we have already taken an interesting step in the right direction with the pandemic because we
They began to lead a more promiscuous life.
We work from home. They are back in the office. Some of that will continue to exist and there will be elements of that that will give way to a metaphysical-like experience.
Tech companies are pouring billions of dollars into developing devices that have the potential to act as a gateway to this Metaverse.
Facebook bought virtual reality company Oculus back in 2014 and the company’s latest virtual reality headset
Quest 2, which rivals the HTC Vive Pro and, to some extent, Microsoft’s HoloLens 2.
At $299, the Quest 2 is a moderately priced headphone that might offer a glimpse into the future.
If you don’t mind it looking like a blank number, you can play some interactive games on it and explore worlds that you wouldn’t be able to.
While many enjoy the headphones, there were early issues with some of the apps.
VRChat is an application that allows you to create a virtual avatar and explore
Worlds with other people online, full of people who abuse each other.
VRChat was not available for comment when contacted by CNBC.
and web-based platforms that provide insight into what metaverses are all about.
Think Roblox and Minecraft. These are all virtual worlds where you can interact with other players.
Decentraland is another virtual world-based desktop software that users can create, explore and trade-in.
Platform Effectively “own” Decentraland as they are the ones who built it. In Decentraland, people can buy and sell land, property, and wearables for their avatar.
Last year there was a huge event amount of momentum and progress.
If you look at the signs out there, we see
Large amounts of money are invested through venture capital.
I think we’re seeing devices like the Quest at a very attractive price point that enables them to become mainstream.
So now virtual reality is achievable and available to people. And we’re starting to see the profile of developer community-building experiences and games really becoming mainstream.
But is this something people really want?
I’m still convinced I’ll be putting on a headset at the start of the day and sitting in metaverses all day.
It would be something you would probably eat, used for certain applications. Use at points when appropriate.
When we think about time spent online and screen time the average UK and US adults spend more than 12 hours a day.
So it shows more than half every day on the screen.
And that has been accelerated by Covid and how we have all lived over the past 12 months.
So I think that’s the way to the kind of technology that we’re going to see.
