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What is Metaverse? All the information you need to know about the Metaverse

  1. 1. What is Metaverse?
  2. 2. Metaverse Origins and Distinctive Features
  3. 3. Applications of Metaverse in life
  4. 3.1 Sports and Entertainment
  5. 3.2 Healthcare
  6. 3.3 Education and Training
  7. 4. Prominent Metaverse Projects
  8. 4.1 Fortnite Project (Epic game)
  9. 4.2 The Sandbox Project
  10. 4.3 The Decentraland Project
  11. 4.4 Bit Country Project (NUUM)
  12. 4.5 Project illuvium
  13. 4.6 The Realy project
  14. 4.7 Star Atlas Project (ATLAS)
  15. 5. Is the Metaverse sustainable?
  16. 6. The technologies behind the Metaverse
  17. 6.1 Blockchain and Cryptocurrencies
  18. 6.2 Virtual Reality VR and AR
  19. 6.3 Artificial Intelligence (AI)
  20. 6.4 3D Reconstruction
  21. 6.5 Internet of Things (IoT)
  22. 6.6 5G Network
  23. 6.7 Big Data

What is Metaverse? What are the accompanying technologies? And how will this platform end up? If you love the topic of virtual digital space, this post is for you. The following article of BHO Network will give you all the basic details and the essential highlights of Metaverse!

1. What is Metaverse?

Currently, there is still no unified concept of the Metaverse. However, in simple terms, Metaverse is a digital space created by the Internet and reality technology such as AR, VR, etc. Therefore, the project is also known as a virtual universe. Thanks to this, users can interact and experience authentically at Metaverse.

Metaverse will create a multi-dimensional interactive online space if there's an opportunity. This is something that current technologies cannot keep up with. This space allows users to explore the virtual digital world in multiple dimensions instead of simply viewing content.

2. Metaverse Origins and Distinctive Features

Although the Metaverse has only recently emerged, the idea of ​​a digital universe has been around for a long time. The idea of ​​the Metaverse came from the 1992 novel Snow Crash by writer Neil Stephenson. In this sci-fi novel, Stephenson used the term Metaverse to describe the virtual reality successors to the Internet.

The novel laid the foundation for the development of today's Metaverse with the application of a series of advanced technologies. This is where people can create a world with a completely new system out of normative rules.

Some of the highlights of Metaverse are:

  • Immersion: A feature that allows users to fully immerse themselves in the new virtual world with very high realism compared to reality.
  • Openness: Metaverse users are allowed to connect to join or leave at any time.
  • Sustainability: Metaverse can continuously maintain 24/24 services or the ecosystems in it.
  • Economic System: The most characteristic feature of the Metaverse allows users to easily move assets between the virtual and real world. In addition, users can also accumulate and increase assets.

3. Applications of Metaverse in life

Many businesses have been using this platform to serve the diverse needs of customers. So what are the popular applications of Metaverse that can attract users so strongly? Let's find out!

3.1 Sports and Entertainment

Unity Miracast is an application launched by Peter Moore at Game Unity company. On this platform, sports are professionally mirrored in 3D in real-time.

In it, the camera takes on the role of capturing athletes competing on the field. The captured data will be used to create twins on a digital platform. As a result, users can watch online 3D broadcasts of entertainment sports matches.

3.2 Healthcare

Historically, AR technology was used by doctors for the first time to collaborate. For example, Microsoft's mixed reality headsets allow doctors worldwide to collaborate and support each other in the surgical process of highly specialized cases.

Specifically, doctors can use Microsoft's HoloLens device through hand gestures and voice commands to display 3D images from the scan. This helps to access patient data and communicate with other professionals.

3.3 Education and Training

NASA uses AR and VR technologies on the space station to control Robots or complete AR-assisted maintenance tasks remotely. Specifically, astronaut Scott Kelly used the Microsoft HoloLens headset to train the ISS and prepare for future missions.

In these experiments, a member will perform an action on Earth. This member will stream Kelly's point of view through the headset. At the same time, this person also draws images that are displayed in 3D on the astronaut's HoloLens screen.

Read more: What is White Paper? Knowledge to know about the white paper

4. Prominent Metaverse Projects

Recently, the technology world has witnessed the explosion of Metaverse, especially in the game field. Some prominent Metaverse projects.

4.1 Fortnite Project (Epic game)

Fortnite is a game that has attracted more than 10 million people logged in and watching DJ Marshmello host a Virtual concert in-game. Here, the unique point is that the player only sees 99 other people participating online.

Currently, the matches in-game still have limitations in technology. Therefore, collecting millions of people at once in virtual space is simply not possible.

However, Fortnite also can rally and unite players across the platform. This is a solid basis for Fortnite to grow increasingly in the Game industry and Metaverse.

4.2 The Sandbox Project

The Sandbox (SAND Token) is a virtual world built on Blockchain technology since 2018. The Sandbox allows users to create, build, buy and sell digital assets in the form of a game.

Sandbox has combined DAOs and NFTs to create a decentralized platform for a large Game community. The founders of The Sandbox are also Blockchain and Metaverse game pioneers entering the field very early.

The Sandbox is famously interesting for its ability to create its own games inside the Metaverse. Sandbox users are allowed to create content as NFTs using the VoxEdit tool. The generated 3D content can then be sold or uploaded to the platform.

This complete freedom makes Sandbox one of the best Metaverse NFT projects available today.

4.3 The Decentraland Project

Decentraland (MANA Token) is a VR platform powered by Ethereum. Decentraland allows you to create a virtual economy similar to real life based on Tokens. You can freely create or build anything on this virtual land.

4.4 Bit Country Project (NUUM)

This network is a Blockchain platform and ecosystem for virtual super universes, user-generated games and distributed applications. Community managers, influencers and individuals can all create their own super universes for members, fans, followers and family.

Also, Bit .Country focuses a lot on topics related to the economy, such as buying and selling NFT items, building infrastructure, etc. Users can own the assets they have built. Even if Bit.Country is no longer available, you can still sell these assets on other NFT marketplaces.

Besides, Bit.Country has also achieved the highest auction record on Kusama with 100 million USD Locked and 25,600 Staking Holders. Overall, this project allows users to start their own Metaverse at will.

4.5 Project illuvium

Illuvium is an open-world fantasy fighting game built on the basis of the Ethereum blockchain. A special feature about Illuvium is that it's the first AAA game on Ethereum. The game aims to provide entertainment for both casual players and die-hard DeFi fans.

This is made possible through various collection and trading features. Illuvium promises to create "journeys through vast and varied landscapes in quests to hunt and capture gods-like creatures".

Players who travel through Illuvium landscapes will have to battle Illuvials and other players. At the same time, you are also allowed to participate in quests, customary challenges and general storyline. During these journeys, the user needs to collect illuviums.

Unlike most Blockchain-powered games, Illuvium creates a fully 3D environment. In that world, there are more than 100 unique Illuvials scattered throughout the game's areas. A team of professional artists designs each Illuvial to ensure the same appeal as the big-budget retail game.

4.6 The Realy project

REALY is positioned as the Metaverse digital universe, featuring the world's first and largest street culture.

The REALY digital universe is developed based on Unreal Engine 4 technology to create a surreal situation - an e-commerce Metaverse, an NFT-based society consisting of street brands, intellectual property, virtual celebrities, music and art.

REALY engages users through f exhibitions and concerts in the virtual world. At the same time, REALY also helps creators and brands launch virtual products online and build a virtual economy.

4.7 Star Atlas Project (ATLAS)

Star Atlas is a massively multiplayer online game that takes place in a virtual Metaverse Game. Currently, Atlas is built on Unreal Engine 5, equipping the game with a high-quality, real-time environment like in a movie theatre.

Star Atlas is set in a sci-fi setting in the year 2620. At this point, three major factions appear. Factions will vie for resources and control of the world. In it, humanity is a group of alien races that exist alongside sentient robots.

Star Atlas stands out for offering a diverse role-playing experience, covering a variety of genres. At the same time, the game possesses a quality gaming experience like in a movie theatre. Star Atlas has the ability to earn virtual assets and can be exchanged for money in real life.

To date, no Blockchain game has been able to combine as many different games as Star Atlas. Atlas. Some games offer the option to earn money through betting or fighting for virtual assets, exploring virtual worlds and forming alliances. However, no game does all of the above at the same time.

5. Is the Metaverse sustainable?

Metaverse has created amazement and joy for many users. Analysts believe this project will create a ton of chance in the form of new economies, new working environments and opportunities to connect with others. However, like other technologies, Metaverse requires careful consideration and implementation to be genuinely sustainable.

To ensure long-term benefits, developers working on Metaverse's future must follow certain principles.

  • Environmentally Conscious: The technology that created the Metaverse can bring about positive changes and opportunities to protect the planet. However, any investment in this technology must take into account environmental needs. For example, companies must consider how to power the data centre responsible for the Metaverse environment.
  • Social Ethics: The central concept of the Metaverse is that the digital world must be accessible and open to all. No one has more control over the Metaverse than another. In Metaverse, all users have an equal voice and respect. As such, social morality must be maintained in the Metaverse.
  • Healthy Economy: As the world continues to evolve, Metaverse needs to support the new economy's growth and the existing environment's continued success. A strong Metaverse context will provide equal opportunities for all rather than economic benefits for a section of the community.

Read more: What is Move to Earn? DeFi new trend details

6. The technologies behind the Metaverse

"What are the technologies that run after Metaverse" is probably the limit of technology lovers most eager to learn.

6.1 Blockchain and Cryptocurrencies

Blockchain technology provides decentralized and transparent solutions for digital proof of ownership - digital collectability, value transfer, governance, and capabilities of access and interaction. Meanwhile, cryptocurrency allows users to transfer value while working and socialising in a 3D digital world.

In future, cryptocurrency can encourage users to actually work in Metaverse. Because more and more companies are converting to online offices to work remotely. As a result, users may see job offers related to Metaverse.

6.2 Virtual Reality VR and AR

Augmented reality (AR) and virtual reality (VR) will give users a vivid and immersive 3D experience. These are the virtual world portals. Similar to the Metaverse concept, VR creates a fully computer-generated virtual environment. Users can use VR headsets, gloves, and sensors to explore this environment.

Besides, AR uses characters and digital visual elements to transform the real world. AR will be more accessible than VR and can be used with cameras on most smartphones or digital devices.

6.3 Artificial Intelligence (AI)

AI has the ability to process a lot of data very quickly. When combined with machine learning techniques, AI algorithms can learn from previous iterations of old data to provide unique results with insights. AI experts are currently researching the possibility of applying AI to create a vivid and vast Metaverse.

In Metaverse, AI can be applied to non-player characters (NPCs) in different situations. NPCs are a part of most games designed to express emotions and respond to player actions.

In addition, AI can be applied to create Metaverse Avatars. Users can use AI tools to analyze 2D images or 3D scans to create more realistic and accurate Avatars. To make this process more flexible, the AI ​​can create different facial expressions, hairstyles, clothes, and features, so that the digital person will come to life.

6.4 3D Reconstruction

One of the significant challenges of Metaverse is creating a digital environment that is as close to the real world as possible. However, with the help of 3D reconstruction, Metaverse is capable of creating realistic and natural spaces.

Through a special 3D camera, the real world can be transformed into an online space by accurately rendering realistic 3D models of real places, buildings and objects. Then, the 3D spatial data and 4K HD images will be transferred to the computer for processing and creating a virtual copy in Metaverse.

Virtual copies of real-world objects are also known as digital copies.

6.5 Internet of Things (IoT)

Collecting and delivering data from the real world is one of the applications of IoT on Metaverse. This increases the accuracy of the digital representation of the elements. For example, an IoT data supply has the ability to change the way particular Metaverse objects behave based on current weather or other conditions.

IoT implementations can seamlessly connect the 3D world to various real-life devices. This allows real-time simulations in the Metaverse to be created. To further optimize the Metaverse environment, IoT is also allowed to use AI and machine learning to manage the collected data.

6.6 5G Network

The Internet is the future. Researchers keep launching enhanced Internet technologies to ensure the excellent transmission of high-quality content with a massive number of connections. These technologies will be much faster speed. An example is the current 5G technology.

6.7 Big Data

Virtual Universe is an ambitious concept. This concept requires the most advanced technical backgrounds and the most vital connections to build a vast content platform. This big data platform requires corresponding Big Data processing technology and techniques.

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So far, the article "What is Metaverse"? has provided the most detailed information on the Metaverse project. Hopefully, you will thoroughly understand this virtual world and its future. BHO Network will keep updating on related topics.

Published on July 21, 2022

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