The phrase “metaverse” is currently the most popular buzzword globally. While there is some uncertainty regarding the meaning, origin, and future developments of the word, the term has been taken up in various ways by different disciplines and industries. What is the “avalanche,” which originated from Stephenson’s science-fiction novel from the 1990s, a successful “knowledge production” or a “signifier” that triggered a performance art?
You can see that many people consider the metaverse to be an imaginary world that exists beyond reality in which people can learn and work, develop and entertain or socialize, trade, etc. Some call it”the “next-generation Internet” after PC and mobile Internet. Some people even believe that there exist thousands of metaverses in the minds of a thousand people. What is the meaning of the metaverse?
Metaverse is a brand new digital reality Internet application and a social model created by integrating various technologies. Based on the technology of extended reality that provides an immersive experience. Based on the concept of digital twins that makes an exact mirror of the real world. Furthermore, built on the blockchain, it constructs the economic framework that connects the virtual and the natural world within the social, economic, and identity systems and allows users to create content and modify the world.
The Internet industry naturally believes that the metaverse is the future and is determined to make it an actual reality. Meta, the company that owns Facebook, refers to the world of the metaverse as an em-bodied Internet that allows users to not just browse for websites but experience an immersive experience and do things they can’t do in real life. Meta considers that the most crucial feature of the metaverse as a set of interconnected digital spaces includes an experience of Sense of Presence, the sensation of being in a place or having a conversation with someone.
Matthew Ball, a Silicon Valley investor, describes it as “an expandable, interoperable network of 3D virtual worlds” and describes it as permanent and synchronized in real-time with an unlimitable number of concurrent people, fully functional economic system, unparalleled interoperability, enhanced content, and experiences and a feeling of personal presence. The metaverse is generally connected to a symbolic and 3D model, a virtual version of the Internet. But, in comparison to the present Internet and the current Internet, the metaverse could include some entirely different features. First, a unifying digital identity lets users access multiple metaverses and apps with a unified identity and avatar that lets users experience various experiences.
Mixed or Mirrored?
Whatever way we look at it, this isn’t fully understood. As we advance in technological advancements and human brain function, it is possible to see many metaverse applications shortly that will fuel the growth of the digital economy and metaverse.
In recent years, thanks to the rapid advancement of VR AR, VR BCI, and other new technologies, the “metaverse” from science fiction is now the topic of discussion across various industries and continues to ignite an endless imagination and even fantasies within the masses.
If it’s Blockchain, AI, and immersive tech (e.g., VR or AR) as the required technology to create the metaverse, it’s creating new models of application that are different from the web 2.0 age, like NFT gaming on the blockchain, AI-generated content Social gaming, and VR platforms and so on.
People’s view of the metaverse in the overall sector is becoming increasingly ambiguous as the market returns to rationality while capitalists and technology giants are on the hunt. The good news was recent, during an event held by MIIT. MIIT, Liang Zhifeng director of MIIT’s Bureau of SMEs of MIIT, stated it was important that “several innovative SMEs should be cultivated in the emerging fields such as metaverse, blockchain, and artificial intelligence.” The government’s attitude toward the metaverse has been crystal clear. It’s been acknowledged and has been a positive start to policy. In addition, some local authorities have included metaverse in their new local government work report or industrial planning.
It is generally believed that the “metaverse” was introduced because the capital, through its keen sense, realized the close connection between reality and virtuality. Consequently, the concept” metaverse” was born “metaverse” was derived. Once this concept is published, we’re confronted with the reality of a new idea and an entirely new world of the trinity of “metaverse” proposed by the capital and the inherent “metaverse” and the “real universe.”
Exploring the vastness of the world of the metaverse giants of technology has created a modern industrial structure.
Markets are taking to the new business models that the metaverse may create for new industries. Items and products that could revolutionize the business are waiting to launch. As a form of virtual socialization, the metaverse can be described as an extension and a mapping of the world. It does not just include the digital economy in place and other elements but can also lead to new ideas.
Today, tech giants are looking at the possibilities for this dream to be realized within the next few years through advanced social networks and VR technologies. Roblox is an online game company that went public this year and was dubbed the first company listed in the metaverse.
Roblox is an online community based on an online platform for gaming where users can create their avatars and accounts, play thousands of games, and develop their games for fun with their friends. Roblox has an economy that allows users to sell their items and coins outside of the game or trade in cryptocurrency channels. In addition, Roblox outlines eight aspects that make up the world of metaverses: autonomous identity, friends, immersive with low latency, variety economy, civilization, and accessibility. Also, an independent and perfect digital world requires the lowest latency, best-in-class immersive VR, MR, and other technologies. A separate digital human identity honor system, good social experiences, and an independent functioning economic system are essential to achieve it.
In Roblox’s virtual world, Meta makes up its mind on all the people in the metaverse by providing the software and hardware sectors. Oculus, the acquired company, has sold around 10 million of its units on the hardware side. It was also ranked at the top in 2021’s first quarter of the market share of VR devices worldwide, with a massive advantage of 75 percent. Meta’s next step is to release a premium MR headset to take advantage of the chance to join the metaverse. The software component, Horizon Worlds, a VR social platform, and Horizon Venues, an event space in VR space, as well as Horizon Workrooms, a VR software for work collaboration, are designed in a manner that blends multiple dimensions, including the virtual persona, social connections as well as virtual offices to create a truly immersive experience that aims to keep people within the metaverse for a more extended period.
If VR headsets are the gateway to the metaverse, then content production, social connections, and game ecology constitute the powerhouses of the metaverse. The network layer, hardware, computing power, the virtual platform, and other strengths form the foundation of the metaverse’s platform experience. And in the B-side applications area, Nvidia has already come to the layout early.
The Omniverse platform from NVIDIA has intrinsic technological benefits in GAN generation, motion capture GPU arithmetic, CG technology, and more. When it comes to creating Metaverse worlds, the digital twin technology of NVIDIA’s advantages allows translating the physical world into virtual space. Before this, Jen-Hsun Hong said that thanks to Omniverse, “we now have the technology to create new 3D worlds or simulate our physical worlds.”
Presently, Omniverse has expanded to an ecosystem of software that is turning the metaverse into a productive tool, helping traditional industries to increase productivity by using digital mappings of the actual world to make AI predictions.
Additionally, WIMI Hologram Cloud, the world’s most renowned holographic AR company, has been investigating the technology behind the metaverse. WIMI Hologram Cloud has the technology and know-how to create products that make the most of the metaverse’s potential and is well placed to participate in R&D in 5G AR, AI, VR/AR/XR, and other areas that will bring the metaverse to its users.
Notably, in terms of metaverse software technology, WIMI integrates Holographic AR contents into digital applications that are based on recognition and imaging detection technology as well as detection and template matching technology technologies for video processing and recognition as well as holographic 3D layer substitute technology for imaging recognition as well as dynamic fusion in tracking imaging. WIMI’s Holographic AR content and services for holographic images based on detection of image recognition, recognition, and template matching with dynamic image fusion replacement can create commercial value through metaverse applications for commercial use.
WIMI has a comprehensive collection of Holographic IP entitlement content for holographic metaverse applications, including virtual holographic content that ranges all aspects of 3D models, including the holographic virtual product. WIMI has 4,654 virtual IP entitlements holographic in a holographic format available for its Holographic AR solution and services, which cover various categories like holographic animation, and online streaming of live events, virtual idols, and virtual social.
For Metaverse-related hardware, WIMI is launching a variety of metaverse VR/AR/XR devices and has successfully entered the U.S. market with a U.S. FFC license, creating the basis for the market of metaverse hardware.
Like the Internet, the future metaverse has three levels: the foundational level and the platform and application level. At the foundation level, the world is dependent on infrastructure and hardware standards and protocols, payment instruments, frameworks for regulating, and so on. There will be a variety of possible interconnected metaverse virtual universes in the platform’s story. At the application level, metaverse virtual worlds are expected to offer diverse applications and services to give users various experiences. We should all embark on a journey to discover the vastness of the metaverse. We should also embrace the core to create a metaverse world with endless possibilities.