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Big Tech cares about this “next big thing”, but what is it?


“Metaverse” has been the buzzword in Silicon Valley for quite some time, with big tech and investors excited to be a part of the futuristic idea. Facebook changed its name to Meta Platforms to rebrand itself as a company with its reach beyond social media in areas like virtual reality.

The tech giant also said it would generate 10,000 jobs in Europe to develop the “metaverse”. Microsoft also spoke about the convergence of the digital and physical worlds. The question, however, remains: what does Metaverse mean?

The Metaverse is an idea and so there is no single definition of it. The word was coined by science fiction writer Neal Stephenson in his 1992 novel “Snow Crash” and reinvented in Ernest Cline’s novel “Ready Player One”.

Generally speaking, metaverse refers to online spaces that allow people to interact in a more immersive way than traditional websites. Simply put, it’s like the Internet is coming to life.

In the metaverse, you can use a headset instead of a computer to enter a virtual world connecting all digital environments. It’s different from today’s virtual reality, which is mainly used for games.

Instead, the metaverse could be used for work, play, social gatherings, or even hanging out with friends. It is presented as a massive community cyberspace where augmented reality and virtual reality converge, allowing avatars to move from one activity to another seamlessly.

“This is the next evolution in connectivity where all of these things start to come together in a seamless, doppelgangered universe, so you live your virtual life the same way you live your physical life,” said analyst Victoria. Petrock. Associated press.

What can you do in a metaverse?

With the metaverse, you can take a trip online, listen to a virtual concert, create artwork, meet and interact with people, or even shop online.

At work, you can join your colleagues in a virtual meeting room to interact instead of seeing them through the video call grid.

Facebook’s business software called Horizon Workrooms uses Oculus VR headsets to host virtual meetings. These headsets allow the user to navigate between virtual worlds created by companies through their avatars. The helmets are priced at $ 300 or more.

“A big part of the metaverse experience will be being able to teleport from one experience to another,” said Mark Zuckerberg, CEO of Facebook.

For the first time in the digital world, the excitement of the metaverse and augmented reality doesn’t seem like a fleeting hype. With advancements in VR gaming and connectivity, it looks like the technology is almost here.

Besides Facebook, Microsoft and chipmaker Nvidia are also talking about the metaverse. “We think there are going to be a lot of companies creating virtual worlds and environments in the metaverse, similarly, there have been a lot of companies doing things on the World Wide Web,” he said. said Richard Kerris, vice president of Nvidia’s Omniverse Platform. PA.

Video game maker Fortnite Epic Games has raised $ 1 billion from investors to build the Metaverse. The Roblox gaming platform is also making plans for the Metaverse where people would interact “to learn, work, play, create and socialize.”

The metaverse would require standardization and cooperation between tech giants to help them connect their online platforms to each other. This will pose a challenge for the competition for technology platforms.

(Edited by : Yashi Gupta)

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