- Dec 13, 2021
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1/ Blockchain and Cryptocurrencies
For example, Cryptocurrencies can be used to buy virtual land in Decentraland. Players can purchase 16x16 meter plots of land as non-fungible tokens (NFTs) with the game's MANA cryptocurrency. With the help of blockchain technology, players can establish and secure ownership of these virtual lands.
In the future, cryptocurrencies could encourage people to actually work in the metaverse. As more and more companies convert to online offices to work remotely, we will see job offers related to the metaverse. Even now, we already see people advertising for jobs in the metaverse. One such example is this post by a virtual assistant who offers to help someone create their avatar. The person in question may be looking for work on Second Life, and this virtual assistant will find them work with a company in the metaverse. Another example is a company that offers its clients to create avatars for them in VRChat. The clients can choose from a selection of avatars and customize them as they want with the company’s help. They won’t need to be on the same team, so it’s possible for two completely different companies to work together.
2/ Augmented Reality (AR) and Virtual Reality (VR)
AR uses visual digital characters and elements to transform the real world. AR is more accessible than VR and can be used on most smartphones or digital devices with cameras. Through the AR app, users can observe their surroundings with interactive visual digital images similar to when playing Pokémon GO on mobile devices. When the player opens the camera on their phone, they can see the Pokémon in the actual environment.
VR works in a different way. Like the metaverse concept, VR creates a completely computer-generated virtual environment. Users can use VR headsets, gloves, and sensors to explore this environment.
The way AR and VR work represents an early model of the metaverse. VR has been creating a digital world that incorporates fictional visual content. As technology matures, VR can extend the metaverse experience to the point of simulating physics with a VR device. Users will be able to feel, hear and interact with others from all over the world. Considering the hype about the metaverse, we can expect more metaverse companies to invest in developing AR and VR devices in the near future.
3/ Artificial Intelligence (AI)
AI is capable of processing a lot of data at lightning speed. Combined with machine learning, AI algorithms can learn from previous iterations, taking into account stale data, to provide unique results with insights.
In the metaverse, AI can be applied to non-player characters (NPCs) in different situations. NPCs are in almost every game; This is a part of the game environment designed to express emotions and respond to player actions. With AI processing capabilities, NPCs can be placed in 3D space to support lifelike conversations with users or perform other specific tasks. Unlike a human user, an AI NPC can function on its own and be used by millions of players at the same time. NPCs can also operate in multiple languages.
Another potential application of AI is to create metaverse avatars. Users can use AI tools to analyze 2D images or 3D scans to create avatars that look more realistic and accurate. To make the process more flexible, AI can also be used to create different facial expressions, hairstyles, clothes and features, so that the digital people we create look more alive.
4/ 3D reconstruction
One of the challenges facing the metaverse is creating a digital environment that is as close to the real world as possible. With the help of 3D reconstruction, the metaverse is able to create realistic and natural spaces. Through a special 3D camera, we can turn the real world into an online space by accurately rendering realistic 3D models of real buildings, places and objects. Then, the 3D spatial data and 4K HD images are transferred to the computer for processing and creating a virtual copy in the metaverse for the user to experience. Such virtual copies of real-world objects are also known as digital copies.
5/ Internet of Things (IoT)
One of the uses of IoT on the metaverse is to collect and provide data from the real world. This will increase the accuracy of the digital representation elements. For example, IoT Feeds may change the way certain metaverse objects behave based on current weather or other conditions.
IoT implementations can seamlessly connect the 3D world to a wide range of real-life devices. This allows the creation of real-time simulations in the metaverse. To further optimize the metaverse environment, IoT can also use AI and machine learning to manage the collected data.
Challenges of the Metaverse
Metaverse is still in the early stages of development. Some of the challenges include identity verification and privacy controls. In the real world, it's usually not difficult to identify someone. But when people surf the web in the digital world with their avatars, it becomes very difficult to prove one's identity. For example, malicious actors or even bots can get into the metaverse and pretend to be a person. They can take advantage of this to damage one's reputation or defraud other users.
Another challenge is about privacy. Metaverse relies on AR and VR devices to deliver immersive experiences. These technologies, with their built-in camera capabilities and unique identifiers, can lead to unintended leaks of personal information.
While the metaverse is still in its infancy, many companies have already begun to explore its potential. Decentraland and The Sandbox are notable projects in the crypto space; Big companies like Microsoft, Nvidia and Facebook have also joined. As AR, VR, and AI technologies evolve, it's possible we'll see exciting new features in this cross-border virtual world.