How the metaverse could affect the world and the future of technology

Facebook’s October announcement about its further embrace of the metaverse and rebranding itself Meta sparked a furious response. Experts agree that the metaverse will not be realised for many years, but the meteoric rise of the term has caused a lot of confusion.

The metaverse seeks to revolutionise the way people interact online in ways previously thought impossible in science fiction.

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Is the Internet’s future the Metaverse?

“The metaverse” is an interconnected, massive network of virtual spaces, Rabindra Ratan (associate professor of media and information, Michigan State University). ABC News Live. “In theory, we can move from one virtual universe to another in the metaverse. But we’ll be wearing virtual reality glasses or augmented reality.”

Technologies such as virtual reality, a computer simulation of a 3D environment or image, and augmented reality (which superimposes a computer-created image on the user’s view) will play an important role in bringing this metaverse to life.

A metaverse could use virtual reality (or augmented reality) to place users in an alternate universe. Although the technology is still in development, companies such as Meta claim they are improving these devices. Meta’s Oculus Quest is one example of such a device.

Ratan explained, “When in the metaverse you’re in virtual reality headsets, you will feel like your in a real room with someone else who can see you, see all of your nonverbal gestures, and who you can respond to and mimic.”

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Virtual worlds and the creation of virtual avatars are not new. Games like Roblox, Grand Theft Auto Online, and Minecraft have created virtual worlds. Meta’s October announcement aims to do more than entertain and create virtual workspaces, homes, and experiences accessible to all ages.

Ratan stated, “What’s happening in the metaverse of social media without gaming.” “The metaverse will support any social interaction, no matter if it’s with friends or business meetings.”

Ratan acknowledged that the metaverse concept is becoming a hot topic, but it will take many years to make it a reality.

Ratan stated that people are still building it slowly. “We don’t know the exact way people will use it.”

Experts believe companies make sure they are ready for the changes.

Arun Maini is a British tech YouTuber who has over 9,000,000 subscribers.

A virtual world where everything is supported via lines of code could offer new revenue streams to companies looking to venture into this business. 

The possibilities are endless, and the American trend towards digital living proves that this shift is happening. Walmart stated earlier this month that it would be entering the virtual world. It will provide currency and enable customers to sell and buy NFTs.

Brian Cooley (CNET Editor-at-Large) stated, “Over the next 5 years, Metaverse technology is going to become real, concrete, and sample table.” “I think it’s going a great idea, but I believe it’ll have many flavors and not just one.”

From March 2021, a Pew Research survey found that 31% were almost always online, and 79% were online at least once a day. Maini explained that recent trends show that people are moving away from physical to digital goods based on the amount of time on apps and gaming.

Maini said, “In the metaverse, there will still be that ridiculously expensive designer Gucci trainers to show that; oh yeah! Look, I’m doing good for myself,’ even if it’s just one line of code.”

It could take many years to create that world. Many people are living in the U.S. without high-speed broadband connections. The price of reliable VR hardware can be prohibitive. Maini believes that hardware is becoming more affordable as new technologies become available.

“Like every day, the promise of this virtual world is increasing. Like a person’s willingness or ability to pay, it is increasing. Maini explained that hardware is becoming more affordable simultaneously, so there may be mass adoption.

Innovation is in high demand because of this. Meta announced on Jan. 24 that it was creating an AI supercomputer. The company described the new AI supercomputer as a key to the metaverse vision.

Meta released a statement stating that the AI Research SuperCluster or RSC will aid Meta’s AI scientists to build better models. It can learn from trillions and work across hundreds of languages. It can seamlessly analyze text, images, video and create new augmented realities tools.

“Ultimately, RSC’s work will pave the path towards building technologies for next major computing platform — metaverse, where AI-driven applications and products will play a significant role,” said the statement.

While virtual interactions can offer huge financial opportunities to big companies, there are also concerns about the safety and impact on users.

Meta continues to You could be held responsible for any alleged harmful consequences On young users and how it monitors hate expression across its apps, including Instagram. Maini stated that Moderation was important with the millions of users who can join different platforms.

Maini explained that Moderation is necessary to maintain that level of freedom. We can either have complete chaos where everyone has the right to do everything, with racism, sexism or abuse, or we can have incredibly strict Moderation in which no one is allowed to do anything.”

The pace at which technologies are developed and companies implement innovative ideas about immersive reality means that it is only a matter of time before the metaverse becomes a reality.

Ratan said, “The web experience will be very different than it is now.”

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