Technology is taking the world to an unimaginable level which could not be predicted even ten years ago. The digital world is growing at an unimaginable pace, and it's bringing some of the best experiences ever in the history of mankind. VR or virtual reality is one of such extraordinary experiences that take our viewing experience to the next level. 100's companies all over the world are approaching the aim to create a metaverse as a reality. It's a thing that will take a lot of time to reach the public, but with advancements in technology, it's not a far-off dream.
About Metaverse
Companies Chasing Metaverse Dream
When Will The Metaverse Get Developed Completely?
Benefits of the Metaverse
Conclusion
FAQs
About Metaverse
The term metaverse refers to a virtual environment that you can live through using special virtual technology. This sounds like a science fiction movie, and science fiction movies are made to resemble future life. It's like accessing any location, such as virtual concerts using gear similar to video games. By using this, you can live the moment and not only watch it. Metaverse is also considered the future of the internet. But this internet universe will be linked with virtual spaces, and it will provide a 3D virtual experience while surfing. In this future technology, the big tech giants are investing heavily, which will bring the virtual world to life.
Cryptocurrencies, games such as Minecraft, virtual conferencing, etc., come under the example of elements of the metaverse. The expanding digital world with expanding cyberspace will see a technological revolution soon. Tech giants are in the race to create what seemed impossible a few years earlier. Metaverse will form the base of this revolution to take Virtual and augmented reality to the next level.
Companies Chasing Metaverse Dream
Major video game company Roblox corporation is adapting and developing the metaverse concept. This concept will take their video games to the next level. Another well-known tech giant in the race is NVIDIA corporation that has developed omniverse technology. They called it 'metaverse for engineers' by adding millions of users using blender software to create three-dimensional imagery.
The NVIDIA corporation, Blender, and Adobe have joint plans to expand the NVIDIA omniverse. This collaboration by these tech giants may bring a brilliant result to the market soon in the near future. Facebook recently announced that it would hire 10,000 people in Europe to develop the metaverse. Also, Facebook acquired Oculus VR, and now it's a complete part of Facebook. This branch of Facebook makes virtual reality gadgets.
Also, recently reports came that Facebook rebranded itself as meta to prepare for metaverse development. Also, Facebook selected the European Union to develop the metaverse rather than focusing on the USA. This is to create more employment in the European region and maintain a long presence in that region. Epic Games CEO Tim Sweeney has said that the internet is broken, and they have a plan to fix it. Sweeney's dream of bringing the metaverse to reality is a long project with huge investments and acquisitions.
Apart from foreign tech giants, many Indian startups are also approaching the goal to develop metaverse. India has a high gaming user base that accounts for a large percentage of the global gaming user base. Due to this, there is also a responsibility on Indian engineers to actively participate in the creation and development of the metaverse.
When Will The Metaverse Get Developed Completely?
The metaverse is a very vast concept if we see it through the eyes of engineers developing it. For common people, it will be a smooth and easy experience to feel the virtual experience. But for the developing team working behind, it's a challenge that will snatch their sleep. The metaverse concept has been getting planned for years, and finally, we are witnessing some really good progress in the process. Tech giants are now investing huge sums in this project to take their company values to higher levels. People are excited to test this new experience, and the market is growing with demand for such digital technologies.
The first ideas of metaverse came to light before the year 2000, but the enthusiasm about this concept has come to the limelight in the year 2020. Many tech giants are setting their footprints into the development of their metaverse. Different ideas are diversifying the development process. But for the metaverse to function fully and get affordable for a large section of the society is still a bit far. But at the speed with which these companies are rising in this concept, work will bring metaverse to life soon. The pandemic has shown the importance of the virtual world and its importance in our daily lives. Now the Metaverse may have got a boost due to this push, and it's now getting closer and closer.
Ansh Mehrey
Benefits of the Metaverse
Metaverse as a whole is a very futuristic concept, and it has a lot of benefits. With the arrival of metaverse technology, virtual living standards will improve, and it will be possible to merge digital platforms into a single segment. Medical professionals can now treat diseases that can be easily detectable at an earlier stage due to metaverse technology. Retail vendors will be able to display products to the customers through this technology. The most diversified use of this technology is in the gaming universe, which will feel more real through a metaverse. Also, the travel experience will get better through this technology, allowing users to travel to foreign places through a metaverse. Apart from these, many other benefits exist and will surface with time.
Varad Kitey
Conclusion
Metaverse is not a dream anymore, it's now coming to reality, and our real world is getting more virtual in the coming days due to this technology. With time, Virtual reality will develop and will take our experiences to a new level. Many people will get employment through this technology, and millions will get a new technological wonder to experience. Every technology has its own negative and positive points, and for Metaverse, you can figure them out when it will come to reality.
FAQs
What is metaverse?
The term metaverse refers to a virtual environment that you can live through using special virtual technology.
Which are the companies working for metaverse?
Some of the companies working for metaverse development are:
- The NVIDIA Corporation
- Blender
- Adobe
Is Facebook being rebranded?
Yes, Facebook has rebranded itself as Meta to reflect its focus on metaverse.
Author: Aniket Mandal
Source : https://startuptalky.com/companies-working-on-metaverse/
Date : 2021-11-02T09:16:53.000Z
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