Today, all companies that strive to remain competitive take advantage of technological advancements and innovations. The Metaverse is the next step in the Internet’s evolution. It’s the convergence of physical, augmented, and virtual reality in a shared online space. The Metaverse is a 4D version of our current Internet. And it can be thought of as the Internet you’re inside of rather than the one you’re merely looking at. So, it comes as no surprise that more and more businesses now start tapping into this tech’s potential and capitalize on modern customers’ interest in the Metaverse. The convergence of the Metaverse, artificial intelligence, Internet of Things, and cloud opens up tons of new opportunities for businesses that are not afraid to take risks and employ the achievements of the digital era. Undoubtedly, as a seasoned entrepreneur, you might have already tapped into the power of cloud solutions, used AI-powered tools to boost your marketing strategy, and tried IoT software development. So, it’s high time you learned more about the possibilities of Metaverse cyberspace and the benefits it may bring along. But the Metaverse would need a critical mass of interconnected technologies to thrive to its fullest. And you can check out some of them right now.
Virtual Reality
This is the experience that simulates lifelike situations. Real-life use cases include gaming, social networking, education, and on-the-job training. Unity’s SEO, John Riccitiello, predicts that AR and VR headsets will be as common as gaming consoles by 2030. And according to ARK Invest, VR headsets are also very likely to reach smartphone adoption rates by 2030. By that time, accessories like full-body haptic suits and VR gloves will likely explore in popularity. Undoubtedly, such predictions should be taken into consideration by those entrepreneurs that want to grow their businesses and remain competitive in the ‘future-is-now’ reality. There are already multiple platforms that allow you to connect with other VR users. Facebook Horizon lets you explore virtual worlds where you can connect with people across the world, participate in fun challenges, and even create your virtual business worlds. Another great tool is Facebook Workroom is essentially a collaboration experience that helps bring people together and provide them with the tools necessary to establish more productive collaboration. With the help of Facebook Workroom, people have a chance to work in the same virtual room, regardless of physical distance.
Artificial Intelligence
This tech will benefit the Metaverse in numerous ways. Realistic-looking, intelligent AI beings can traverse the Metaverse and interact with users and each other. They could be programmed with their own life stories, motivations, and objectives. Depending on the type of virtual world they are in, users can participate in pre-planned scenarios with these characters or create unique scenarios. Unreal engine’s MetaHuman Creator can play a major part in the creation of these characters. And if and when these characters can exhibit general artificial intelligence, the results can be pretty amazing and surreal.
AI is a great tool that can help streamline the creation of metaverse assets such as landscapes, characters’ routines, buildings, and more. We may see a future where advanced AI capabilities are integrated with game engines to make this possible.
AI can also automate software development processes so that companies can build increasingly more complex assets within the Metaverse with less effort.
AI can be used to create, audit, and secure smart contracts on the blockchain. Smart contracts allow trusted transactions and agreements to be carried out without the need for a centralized authority or legal system.
Augmented Reality
This is the experience where designers enhance parts of users’ physical world with computer-generated input. Eventually, AR lenses and AR glasses could be used to augment the world around us and facilitate virtual assistance with the help of sophisticated artificial intelligence. This AI would help us navigate in both the real world and the virtual world. Currently, the Microsoft HoloLens and the Magic Leap One are the most notable augmented and mixed reality headsets on the market. They are primarily used for enterprise purposes, but as their prices decrease, we’ll see more AR headsets sold to the general public.
According to Grand View Research, a reputed consulting company, the augmented reality market will grow from $27 billion to $340 billion in 2028. With this in mind, you might want to take advantage of these promising technologies right now and take your business to the next level.
