Some Information You Need to know about Metaverse

Today in this tech world a new concept is booming right now that is metaverse. It is now a trending topic for every people in the world. So, every people want to know about it. Today in this post we will discuss some interesting information about it.

Let’s discuss it.

What is metaverse technology?

A metaverse is a 3D network that helps people to build a social communication system to maintain relationships with the whole world. Generally, it is a real word as a virtual version, which means it is a virtual copy of our real world. The word ‘Metaverse’ is structured with meta and verse. Meta means beyond and verse is the short form of the universe.

Where did the term metaverse come from?

The term metaverse was first coined in Neal Stephenson's 1992 science fiction novel Snow Crash, where humans, as programmable avatars, interact with each other and software agents, in a three-dimensional virtual space that uses the metaphor of the real world. Now in the 21 century, it will turn into reality. After 20- 30 years people will use it regularly as their social media or as a replacement for their real life.

What is the purpose of the metaverse?

In the broadest terms, it can solve all kinds of problems that we face in our real life. We can do anything that we do in our real life. We can build our own houses, shops, offices, etc. In the covid 19, all people get stacked into their own houses. They do their office work through online but with metaverse, they will be able to experience the real world without going there.

Where can I find the metaverse?

Metaverse is now starting. People use to make their own metaverse and try to make it as real as they can do. There are some apps where you can access metaverse. Such as, Horizon Worlds, Horizon Venues, AltspaceVR, Rec Room,etc.

What will the metaverse be like?

Most metaverse environments will be accessed in virtual and augmented reality. They will be like as our real world. Most of the tech companies like Apple, Meta, Microsoft use their own money to grow metaverse. The use to build their own meta to capture the market. Facebook want to shift their whole platform to meta and wants to give itscustomers a real-world communication experience. So, they change their company name to Meta. The market size of metaverse is 300 billion dollars. It will more than 3X around 2024.

Is metaverse virtual reality?

Yes, metaverse is a virtual reality. People can do real word experience with this technology. They can create their own avatar and enjoy the virtual world. They can also fill the world with AR and VR technology.

Is metaverse the next big thing?

Metaverse is not a single thing. It is connected with the AR and VR technology. With the help of those two techs, they are able to give us the real-world experience. Whis this tech the whole word will be impacted. The whole world will shift into this virtual world. So, the metaverse is the next big thing in the world.

How much will the metaverse be worth?

The metaverse is just starting out. The age of metaverse is two or three years. All big companies now starting to invest in those technologies. So, the net worth of this industry is just 300 billion dollars. But in 2024 it will cross over 900 – 1000 billion dollars.

Is the metaverse built on Blockchain?

Yes, Blockchain is an integral part of the metaverse but it is not used as a whole tech on the metaverse. With the help of blackchin tech, people can store their digital identity and use it on different metaverse platforms. So, the Bloch chin tech is an essential part of the metaverse.