Metaverse has made a splash and is now a core technology that big companies like Facebook and Microsoft are investing in. The term “metaverse” first appeared in Neil Stevenson’s novel Snow Crash. However, the current metaverse is a completely different, hypothetical iteration of today’s Internet.
With the Internet opening up new and exciting possibilities in the virtual world, we are all aware of the importance of technology for both current and future scenarios.
The Internet is two-dimensional, with text and images on a flat-screen, while the metaverse is three-dimensional and touch-sensitive, allowing for touch.
Metaverse is one of the unique innovations that technology has brought so far. We can also call it a virtual space where people live and do real things.
For example, you can hang out with friends, attend important meetings, play games, participate in live concerts, visit the mall, and more without having to physically be there.
In this regard, this article will talk more about the metaverse and its connection with blockchain technology.
Metaverse combines the word “meta”, which means beyond, and “verse” which means the universe. So, the metaverse defines the concept of a virtual world that is outside the real world.
The Metaverse is part of the evolution of the Internet, so it cannot be considered static. For example, we have all gone through various stages of Internet technology, from sending text messages to sharing memories through images, and then video-based online interactions.
We are now entering a metaverse that will provide us with a new and updated version of the Internet using virtual 3D and spread spectrum. It reproduces the real world and creates a virtual world where users can do everything they do in this world.
For example, employees can work in a virtual workplace, students can join online classes, and people can go shopping, and do many other fun activities. With these capabilities, Metaverse is likely to enhance the modern Internet and its usefulness across industries.
How is the metaverse related to blockchain?
The Metaverse is connected to the Blockchain because the Blockchain empowers every advanced technology, including the Metaverse.
Using blockchain technology, companies can create a truly decentralized, open-source metaverse that is neither trusted nor controlled by a central organization.
Moreover, the prevailing blockchain use cases such as cryptocurrencies and NFTs are essential for the transfer of value and trading of digital assets in the world of the metaverse.
Since the metaverse is a multi-layered ecosystem, many technologies play an important role here. For example, blockchain technology is needed to regulate many decentralized areas of the Metaverse, such as digital asset aggregation (NFT), proof of digital ownership, unchanging data recording, exchange of value through cryptocurrencies, interoperability, and so on.
The main idea behind Metaverse is to offer multiple interacting virtual spaces where users can explore immersive experiences through AR and XR devices. To understand the basic concept of the metaverse, we must study a decentralized game based on the concept of “play and get”.
This is so because the metaverse gives them a real experience. It allows users to interact with others through their avatars, invest in digital assets, engage in gaming activities, and transact using cryptocurrencies.
What are the main components of the metaverse?
Modern blockchain-based metaverse projects are not centralized. The project can consist of a gaming platform, an NFT marketplace, and a virtual product development platform such as Minecraft. In addition, several unique projects combine all of these platforms into one innovative Metaverse project. However, the main components of the metaverse include the following:
- Hosting Metaverse requires a high-bandwidth computer network, as it operates outside the control of any centralized authority, providing decentralized data transmission for a stable real-time connection.
- Open and manageable standards for media such as images, video, text, audio, 3D elements, 3D scenes
- Augmented Reality (XR) equipment such as VR headsets, smart glasses, Omni treadmills, industrial cameras, scanning sensors, and other VR, AR, and MR devices are needed to bring users into the Metaverse virtual space.
- Blockchain and smart contract technology ensure transparency, and protection from censorship and unauthorized transactions.
- The power of computing ensures the speed and accuracy of data processing, AI, and projection tasks.
- 3D immersive modeling to support virtual space environments that represent real ecosystems.
- Payment gateway to support digital payments in cryptocurrencies and fiat.
How to launch an ideal Metaverse project?
Each metaverse project, whether a game, social media platform, or enterprise app, is a set of 3D projects and virtual spaces. If the Metaverse project is blockchain-based, user -interoperable blockchain is part of its efficient functionality.
To successfully complete your project, select a team of developers who understand the latest blockchain technologies such as NFT, Crypto, and 3D development tools and have the skills to develop virtual spaces. Additionally, below are some essential development services needed to design, develop and realize your ideal Metaverse project.
- Decentralized Metaverse platform.
- Metaverse mobile and web-responsive apps
- 3D space development
- non-fungible token- creation and integration on the metaverse
- Metaverse marketplace development
- Metaspace marketing platform.
Last But Not Least
Metaverse is a great innovation and the next big thing for people in digital communications. Based on the massive use of Metaverse by major tech giants, we can expect more Metaverse expansion in the coming years.
At the same time, blockchain-based metaverse ecosystems are expected to gain more popularity than centralized ecosystems, as blockchain plays an important role in changing the ever-evolving world of the metaverse. In short, the metaverse is the future of the powerful Internet.