What is Metaverse?

Metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality (AR), virtual reality (VR) and cryptocurrencies to enable users to interact virtually. Augmented reality places visual elements, sound, and other sensory inputs in real-world settings to enhance the user experience. In contrast, virtual reality is completely virtual and improves fictional facts.

As metaverse grows, it will create online spaces where user interactions are more dimensional than those supported by existing technology. Instead of just viewing digital content, users in the metaverse will be able to immerse themselves in an area where the digital and physical worlds meet.

Highlights

  • Metaverse is a shared virtual environment that people access over the internet.
  • Technologies such as virtual reality (VR) and augmented reality (AR) are combined in the metaverse to create a sense of “virtual being”.”
  • Facebook CEO Mark Zuckerberg believes augmented reality glasses will eventually be as common as smartphones.
  • Facebook has announced plans to create 10,000 new highly skilled jobs to help shape the Metaverse in the European Union (EU).

Rumors began to appear in the news in mid-October 2021, when rumors began circulating about the incident, which led to the company being rebranded under a new name to embrace its commitment to metaverse, changing its Facebook name to Meta.

Facebook CEO Mark Zuckerberg announced his new Meta name at Facebook’s Connect 2021 conference on October 28, and his new website branded it a social technology company; “In the metadata database, you will be able to do almost anything you can imagine.” “Founders Letter, 2021,” zuckerberg wrote in his October 28 article, “To beam up as an instant hologram to be in the office, at a concert with friends, or in your parents’ living room, without commuting to work.”

You can watch Meta’s Connect keynote and learn more about how metadata will unlock new opportunities in meta.com.

Understanding Metaverse

Facebook has been talking about metaverse for some time, and in a press release on October 17, 2021, it said the metaverse is “a new phase of interconnected virtual experiences that use technologies such as virtual and augmented reality.” a greater sense of “virtual presence”, online interaction, can become much closer to the personal interaction experience.”

Interest in metadata is expected to grow significantly, as investors and companies want to be part of the next big thing. Zuckerberg told tech site The metaverse “[Facebook] will be a big focus, and I think that will be a big part of the next chapter on how the internet develops after mobile internet.” Before the Verge announced the name change. “And I think it’s going to be the next big part for our company, it’s really going to double in that area,” he said.

Metaverse advocates see the concept as the next stage in the development of the internet. Facebook, for example, has developed hardware such as Oculus VR goggles, while AR glasses and wristband technologies have also invested heavily in AR and VR.

$50 Million

Facebook’s investment in global research and program partners to responsively build its metadata store.

Special Considerations

Numerous sci-fi books, television series and movies are featured in metaverses, digital worlds indistinguishable from the real world. In fact, science fiction writer Neal Stephenson used the term “metaverse” in his 1992 novel Snow Crash.

In the book, human avatars and software agents interact in a three-dimensional virtual space. Most often, these sci-fi metaverses are dystopian worlds. Some of Zuckerberg’s contemporaries worry that the real-life metaverse – the “next generation internet” – could turn into a dystopian nightmare.

Niantic CEO John Hanke, for example, wrote in a blog post: “These days, many people are very interested in bringing this vision of the virtual world to life in the near future, including some of the biggest names in technology and gaming. In fact, these novels served as warnings of a dystopian future where technology went wrong.”

Niantic is a software developer known for augmented reality mobile games Ingress and Pokémon Go.

The COVID-19 pandemic has accelerated interest in metaverse as more people work from home and go to school remotely. Of course, there are concerns that metaverse will make it even easier for people to spend time apart — even in a post-COVID world.

Hanke wrote: “We believe we can use technology to lean on the ‘reality’ of augmented reality — encouraging everyone, including ourselves, to stand up, go out and connect with people and the world around us …. Technology should be used to improve these basic human experiences — not replace them.

What Exactly Is Metaverse?

Facebook defines metaverse as “a set of virtual spaces that you can create and explore with other people who are not in the same physical space as you.” With metaverse technology years away, it’s expected to finally be a place where you can work, play, learn, create, shop and interact with friends in a virtual, online environment.

What is the Difference Between AR and VR?

Augmented reality involves placing visual elements, sound, and other sensory stimuli in a real-world environment to enhance the user experience. AR can be accessed with a smartphone and users can control their presence in the real world. In contrast, virtual reality is completely virtual and improves fictional facts. VR requires a glasses device and users are controlled by the system.

What is Facebook Metaverse?

The metadata store does not have a single creator (or definition), so it is not something that Facebook owns or is solely responsible for its development. Still, Facebook has invested heavily in metadata through Oculus VR goggles and is working on AR glasses and wristband technologies. In September 2021, the company announced a $50 million investment in global research and program partners to ensure the responsible development of metaverse technology.

Resources

Meta. “Facebook Company Is Now Meta.” accessed October 28, 2021.

Meta. “Founder’s Letter, 2021.”Accessed October 28, 2021.

The Verge. “Facebook Is Planning to Rebrand the Company With a New Name.”Accessed October 28, 2021.

Tulane University. “What’s the Difference Between AR and VR?Accessed October 28, 2021.