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What exactly is metaverse? In reality, the metaverse is a different universe that you can interact with. But what sets it apart is the variety of ways you may engage with the metaverse. With the aid of virtual reality (VR) technology, you may essentially replace your perception of the physical world with that of the metaverse. At the same time, augmented reality (AR) overlays the offline world with the metaverse.

The metaverse feature eliminates any limits of the physical world and establishes a brand-new, infinite reality. The metaverse's potential is exciting. It is evolving and increasing continuously. Nobody can predict how the metaverse will develop because of its exponential expansion.


The Characteristics of the Metaverse

Defining the metaverse is a little like defining the standard offline world. It's more a question of what parts of either someone focuses on. The metaverse is so large that it's difficult to define it strictly.

But some characteristics will always be a part of the metaverse.

  • It's a Limitless Environment

  • There's no centralization

  • The metaverse is always on

  • It has a working economy

  • Metaverse environments are social and fun

Examples of How People Are using Metaverse in Corporate World

Companies are going online in greater numbers. Many businesses were compelled by COVID-19 to experiment for the first time with virtual meetings and workspaces. The end effect was that both management and staff realised how much they preferred the virtual model. With its Horizon Workrooms technology, Meta is a pioneer in this current development. Microsoft has long been a market leader in teleconferencing and productivity software. It should come as no surprise that they have introduced Mesh for Microsoft Teams, their foray into the corporate metaverse. Mesh is particularly impressive since it can use an existing infrastructure within the metaverse.

Metaverse vs. Web 3.0

You might be asking at this point how Web 3.0 fits into the metaverse. Web 3.0 might be viewed as its own metaverse. However, it's a metaverse that constructs itself on top of the Internet. The metaverse of Web 3.0 lacks conventional abstractions like 3D places or realities that resemble offline reality. For instance, NFTs have strong blockchain ties to the metaverse. There are several ways to reach either of these components than the conventional 3D metaverse. Web 3.0 technologies can be used to obtain NFT data, make sales, or develop solutions. Aside from 3D settings, there are numerous other methods to engage with the blockchain. Also heavily utilising machine learning is Web 3.0.These elements permeate the more traditional 3D implementations of the metaverse. Essentially, Web 3.0 emphasizes the metaverse's dematerialization layer.

Image: Shutterstock/is.a.bella

What do you hope the metaverse will look like in 10 years?

When asked, the Sine Wave Entertainment's Founder Adam Frisby replied that he had been through that cycle couple of times, such that the metaverse got really popular during Second Life’s heyday of 2006-2008. He is going to withhold too much speculation here. But he would say, if they get this one right, it will be something that positively impacts most people’s daily lives. Something which allows people to do everything from control robotics remotely in multi-user spaces to enabling unlimited creativity. Is there a bigger canvas there than reality itself?

According to Mark Zuckerberg, mankind will migrate into the metaverse in the future, leaving reality behind for a world that we create and govern entirely. He claims that there will come a moment when virtual worlds are so absorbing and handy that we will not want to leave, at which point the metaverse will emerge. He added that while these virtual reality worlds aren't quite there yet, many individuals currently spend much of their time in the digital realm, albeit on 2D displays. 'A lot of people assume the metaverse is about a location, but one description of it is a period when immersive digital worlds become the primary way we live our lives and spend our time

And for now Meta (earlier Facebook), Microsoft, Roblox, and many more as Mahindra in India are companies developing foundational elements of the Metaverse.

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