Technologies that Powered the Metaverse

The digital world is constantly evolving, and almost everyone has been affected by it in one way or another. With the time people spend in the online space, the technologies behind it constantly evolve to make the user experience as immersive as possible. And the next evolution occurred when the Metaverse news hit the world.

All the recent Metaverse news suggests that it will be built using blockchain technology and will usher in a new era of web 3.0. But that is not where its association with blockchain technology and other latest innovations will end. Businesses and entrepreneurs aiming to leverage metaverse technologies like AI and extended reality should meet with a dedicated web3 attorney to protect themselves from liability and intellectual property infringement. In this article, we bring you the top technologies that powered the Metaverse.

What Is the Metaverse?

In simple words, it is the next evolution in the internet where the physical and virtual worlds meet each other. In the Metaverse, you will be able to perform almost all the tasks you can do right now in the real world. It could include going to jobs, banks, shopping, and so on.

The term was first coined in 1992 by author Neal Stephenson in the novel Snow Crash. But it became a household name when Facebook announced the name change of its parent company to Meta and also planned on developing the Metaverse for users.

Technologies Underpinning the Metaverse

Although the Metaverse is still in development, based on the Metaverse news, today, we can tell you that it will be built using some of the most unique and pathbreaking technologies in existence right now.

That is why Mark Zuckerberg defined it as the new internet itself. In contrast, The World Economic Forum (WEF) termed it as a three-dimensional amalgamation of place, moment, and product (or services). Some of the most prominent technologies used to create it are given below.

Blockchain

Blockchains are immutable, distributed, decentralized ledgers that store data, information, and details about transactions in blocks that are verified using cryptographic techniques. The level of safety and security provided by blockchains is unparalleled, as the majority of the blockchains are not controlled by any individual, entity, or corporation.

It is the bedrock of the Metaverse as it will be a decentralized network where the applications will run on blockchain technology. Blockchains will also make it transparent and give digital ownership, interoperability, the ability to complete transactions, etc., to users.

AR/VR Technologies

Augmented Reality and Virtual Reality technologies have been around for over a decade. They are already a part of the everyday gaming experience and are also used to augment visual entertainment mediums, like movies, by creating physical simulations.

VR and AR will help make it a more immersive experience for the user by integrating 3D technologies and creating physical simulations. It would make the new digital world feel more life-like and enable users to perform their daily tasks much more efficiently.

Artificial Intelligence

We have artificial intelligence in our day-to-day lives. For example, for browsing the Internet, ordering products or services, listening to music, and controlling the smart devices in our houses, Alexa, Siri, or Google Home are used. Thus, it is evident that the Metaverse will also use AI technology.

Artificial intelligence is used in making almost all businesses more efficient as it helps process data and information faster with the help of machine learning. AI can also give the Metaverse a more realistic look, design, and feel.

Internet of Things (IoT)

The Internet of Things has been around for more than 2 decades and is the process by which physical things like various equipment, machines, etc., are connected to the internet through sensors and other devices. Once connected to the internet, these machines have their unique identifiers and can be used to automatically send and receive information from anywhere in the world.

IoT will help connect the physical world elements to the Internet and help give its users an almost life-like simulation.

NFT

Non-Fungible Tokens, or NFTs, as we commonly know, are much more than just some images on the blockchain. They provide proof of ownership to their holder and can not be replicated. NFTs are not just artwork, memes, images, etc., but can also be associated with real-world assets such as real estate, cars, etc.

And NFTs would be integral to the Metaverse if the idea is to monetize almost various aspects of it like user avatars, clothes, art, items, set up virtual marketplaces, etc.

Conclusion

The Metaverse is already a reality, and many companies, including Meta, Google, Microsoft, etc., are trying to give their users a completely immersive experience. With the integration of the above-mentioned technologies happening at an unprecedented pace, the future is promising. As the world becomes more digitized with each passing day, with the mass adoption of technologies like blockchain and cryptocurrencies, NFTs, etc., the Metaverse will only grow in size.