A few months ago, Facebook founder, gave a hint about a project that will change the way we use the internet and how Facebook (and its sister social media like Instagram and WhatsApp) will metamorphose due to their incorporation into this project. Mark Zuckerberg He followed up a few weeks later with this amazing video of a digital universe called the Meta, where people can use the power of virtual and augmented reality to appear in distant geographic locations and interact with people, without necessarily being there physically. Prior to this, there has been a spate of innovations in the development and application of virtual and augmented reality in games and videos. VR gadgets are currently being used for playing games, watching movies, and navigating through distant locations. The Metaverse has been a trendy topic of conversation today with both Microsoft and Facebook justling to stake higher claims. I asked my followers what topic they want me to cover, and many asked to give a brief overview on what is Metaverse and what’s going on in this industry now. in my Twitter What is the Metaverse? The Metaverse is a fusion of multiple elements of technology, including virtual reality, augmented reality, and video where users "live" within and traverse through a digital universe. Supporters of the metaverse envision its users working, playing, and staying connected with friends through everything from concerts and conferences to virtual trips around the world. The word "Metaverse" is credited to author Neal Stephenson. In his 1992 novel titled "Snow Crash", Neal coined the word which depicted his vision of lifelike avatars who met on realistic 3D buildings and other virtual reality environments. Metaverse: The 'Now' The metaverse has since left the conceptualization stage. Many companies have achieved significant milestones on their quest to build metaverses - online virtual worlds which incorporate virtual reality, augmented reality, video, holographic avatars, and even tactile technology. As the metaverse keeps expanding, it will offer hyper-real alternative worlds for people to coexist in. The metaverse concept has already been incorporated into online game universes such as Minecraft, Roblox, and Fortnite. And the companies behind those games have ambitions to be part of the evolution of the metaverse. Also, you can check one of my previous articles . “The Top 7 Metaverses That You Can Try Right Now” Big Tech Names Building Their Metaverses Some big companies are currently spearheading the metaverse's evolution. They are highlighted below: Meta As mentioned earlier, the management of Facebook recently changed its name to reflect on its foray into the Virtual Reality Ecosystem. Facebook has already made significant investments in virtual reality, including the 2014 acquisition of . Meta is developing a virtual world where people can use 3D avatars to interact, work, play or travel using VR headsets and tactile technology. Mark Zuckerberg has continually expressed his belief that the metaverse could replace the internet as we know it. According to him, "The next platform and medium will be an even more immersive and embodied internet where you’re in the experience, not just looking at it, and we call this the metaverse." Oculus Microsoft Microsoft is one of the topmost companies spearheading the metaverse revolution. The software giant has already incorporated the use of holograms and is developing mixed and extended reality (XR) applications with its Microsoft Mesh platform. The platform is a combination of the real world, augmented, and virtual reality. Microsoft has also revealed plans to bring mixed-reality including holograms and virtual avatars to its enterprise software - Microsoft Teams in 2022. There are also developments ongoing in explorable 3D virtual connected spaces for retail and workplaces. Also, the United States Army is working with Microsoft on . Beyond that, Xbox Live, Microsoft's gaming platform already connects millions of video game players across the globe. an augmented reality Hololens 2 headset for soldiers to train, rehearse and fight in Epic Games Tim Sweeney, CEO of the company that developed Fortnite, has said, "It’s no secret that Epic is invested in building the metaverse." It's held concerts by the likes of Ariana Grande and Travis Scott, movie trailers and music debuts, and even an "immersive" re-imagining of Martin Luther King Jr.'s 1963 historic "I Have A Dream" speech. And it's developing photorealistic digital humans with its MetaHuman Creator, which could be how you customize your digital doppelganger in future open-world games. Apple Apple CEO Tim Cook says the metaverse has a lot of potentials and his company is investing accordingly. “We’re a company in the business of innovation,” the Apple CEO said. “So we’re always exploring new and emerging technologies. And I’ve spoken at length about how this area is very interesting to us.”. Also, there are a lot of rumors that Apple is developing its own VR/AR hardware. Metaverse Cryptocurrency Currently when you hear something about the Metaverse, often it can be also connected with cryptocurrencies. Metaverse cryptocurrency or tokens are a unit of virtual money that can be used to purchase virtual items or make digital transactions within the metaverse. Metaverse tokens are not entirely different from other cryptocurrencies and tokens, but they are attached to the same industry. They have been touted to be the mainstream cryptocurrency killers. However, some analysts believed that metaverse tokens will not fight against but strengthen existing cryptocurrencies because many of the new metaverse tokens are built on existing blockchains such as Ethereum. Some Metaverse tokens include: The Sandbox (SAND) Axie Infinity (AXS) Decentraland (MANA) Star Atlas (ATLAS) Enjin Coin (ENJ) $TANK Metaverse: The Future Of course, the future of metaverse is a huge separate topic. Considering the developments that we are witnessing in the creation of the metaverse and ongoing projects and plans being made, Neal Stephenson might get to see some of his fictional scribblings come to life in his lifetime. The applications for the metaverse are endless… Virtual tourism; virtual workspaces; virtual libraries with virtual books; virtual time travel to historic periods; virtual picnics at locations that would have been previously inaccessible e.g Northpole, mountain peaks, space, etc; virtual fashion and accessories; virtual meetings at places of worship… the list is endless. We look forward to these amazing virtual reality experiences in the near future. If you want the latest updates and research about Metaverse, Crypto, DAO, Play2Earn, and the NFT industry and to participate in different crypto contests and activities - Follow me on Twitter. P.S. Check out my previous articles on HackerNoon: Top 7 Investment Firms Leading NFT Venture Rounds The Top 7 Metaverses That You Can Try Right Now Understanding DAO: A Basic Explanation Understanding Metaverse: A Basic Explanation Play2Earn for Beginners: Where to Start What is an IGO (Initial Game Offering)? Play 2 Earn: A New Trend on the Crypto Market The Ultimate Guide to NFT Marketing and Promotion The Ultimate Checklist For Marketing DeFi Projects

Decentraland

The Sandbox

Axie Infinity

Enjin Coin

Apple

Facebook

Instagram

Microsoft

Roblox

Twitter

10 DAOs You Need to Know About Right Now

Top 7 Investment Firms Leading NFT Venture Rounds

Need advice on your Crypto/DeFi project? Message me in Telegram

Need advice on your Crypto/DeFi/NFT project? Message me in Telegram

Book a call

HackerNoon's DeFi Degen of 2021

Nominated for 2022 - Best Crypto Journalist

Nominated for 2022 - HackerNoon Contributor of the Year - Blockchain

Nominated for 2022 - HackerNoon Contributor of the Year - Defi

Nominated for 2022 - HackerNoon Contributor of the Year - Metaverse

Nominated for Hackernoons Nft Wizard of 2022

Nominated for 2022 - Web3 Wizard

Nominated for 2022 - HackerNoon Contributor of the Year - Decentralized Internet

Nominated for 2022 - HackerNoon Contributor of the Year - Nft

Too Long; Didn't Read

What You Need To Know About Metaverses Now

What You Need To Know About Metaverses Now

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

10 DAOs You Need to Know About Right Now

(1/100) Crypto Countdown: Golem

A Research Report on the Trader $JOE DeFi Platform

07/03/2018: Biggest Stories in the Cryptosphere

05/02/2018: Biggest Stories in the Cryptosphere

01/06/2018: Biggest Stories in the Cryptosphere

10 DAOs You Need to Know About Right Now

(1/100) Crypto Countdown: Golem

A Research Report on the Trader $JOE DeFi Platform

07/03/2018: Biggest Stories in the Cryptosphere

05/02/2018: Biggest Stories in the Cryptosphere

01/06/2018: Biggest Stories in the Cryptosphere

Light-Mode

Classic

Newspaper

Minty

Dark-Mode

Neon Noir

Minty

HN StartUps