Of late, you might hear many technological buzzwords like metaverse, augmented reality (AR), and virtual reality (VR). These are no longer obscure buzzwords that make sense only to hard-core geeks. Technology experts believe several entities will implement the metaverse concept, and some have already started. Several blockchain-centric companies are also preparing to launch their version of the metaverse. Examples include Decentraland and Sandbox.
What is the metaverse?
A metaverse is like a virtual world where users venture to live a virtual life, doing activities that interest them. Everything in a metaverse replaces real-life activities. However, the critical change is there are no strict rules or limitations. This can offer an excellent way to bust the stress and seek escape from the real world’s problems.
Subscribe to our Newsletter!
Receive selected content straight into your inbox.
Many gaming and blockchain entities have embraced the concept, and the first-generation metaverse models have received a good response from users. To explore these virtual worlds or metaverses, users need specific types of hardware and devices. That is where the best VR headsets peep into the picture.
Another reason the metaverse’s popularity is growing is its flexibility. Not only can you explore the virtual world while engaging in activities that make you happy, but you can earn, too. In some metaverse-based games, you can buy virtual plots and lease them to other users to earn money. That money is real, and you can use it for various needs.
The possibility of visually indulging in your favorite activities and monetizing your virtual assets is a lucrative proposition. It is also possible to participate in virtual versions of your favorite recreation activities. For example, you can attend virtual music shows, comedy shows, parties, and more, when and where you want.
VR and AR
To enter such a metaverse, users typically need to use VR goggles. This concept can be utilized by businesses in diverse niches. It can also be used in healthcare, construction, and online retail sectors. VR goggles and devices can help boost the adoption of the metaverse, technology experts believe. Using VR goggles gives you an immersive virtual world experience. The first generation VR devices are pretty advanced, and with time, the technology will only be enhanced.
Usage of AR, or augmented reality, is also receiving focus these days. Unlike VR, AR does not require you to wear specialized goggles. Instead, it can be accessed using your smartphone or special lenses that project images. AR adds to your real-life experience by projecting virtual images and characters. VR creates an advanced computer-generated simulation mimicking the real world. In VR, users are controlled by the system, while in AR, they have more control.
The implementation of AR and VR in the metaverse is taking place, but there is still room for improvements. For example, some users are not comfortable wearing large-sized VR headsets for long hours to enjoy the virtual world exploration experience. However, as technologies progress, these issues will dissolve. Experts opine implementation of AI in this niche can be quite helpful. AI can be useful in customizing user preferences and modifying the virtual world to better suit user needs.
As the world gets habituated to the concepts of social distancing from working from home, using the metaverse model can be helpful. People will soon be able to do shopping, take part in virtual auctions, and attend virtual concerts while sitting in the comfort of their homes. This will create a win-win situation for both businesses and consumers eventually.