The development s of new technologies and social transformations by Pandemic has lead to the developments of immersive technologies. The term “Metaverse” was first coined by Neal Stephenson in a science-fiction novel “Snow crash” where people escape into the virtual world, Metaverse with goggles.
What is Metaverse?
The "Metaverse" describes a virtual environment where users can communicate with each other through avatars or digital versions of themselves in the convergence of digital and physical world.
It is a shared area where people can take part in a range of activities like trading, socialising, studying, and gaming, among others. Although the Metaverse is still in its infancy, it has the potential to revolutionise how people interact online and create new possibilities for social interaction, business, and entertainment.
Today’s Metaverse
It is an extension of the internet, where users connect with each other not only through text, video, and audio but also through the digital avatars. For users to shop, purchase tickets, or gather other commodities, it was necessary to create a money specifically for use in the digital world. As a result, other forms of digital currency, such as bitcoins and cryptocurrencies, were created.
To fully immerse in the Metaverse one may need additional hardware, such as a virtual reality (VR) headset. Although a portion of the Metaverse can be accessed through a person's computer by logging into the virtual world which will result in the creation of a person's virtual avatar. Also, a more advanced version of the Metaverse includes all the elements mentioned above, including bitcoins, the blockchain of the Metaverse, the Metaverse wallet, virtual and augmented reality, machine learning, artificial intelligence, and Metaverse learning. There are many top companies exploring Metaverse to build more opportunities.
What will be the Metaverse in 2040?
Elon University and Pew Research conducted research by 624 technology experts and industry insiders participated in a poll. The expert is from different areas which includes academics, activists, business, and government decision-makers, as well as technologists who were among the first in their fields. On the direction the Metaverse will take and the purpose it would serve by the year 2040, all participants were asked to offer their predictions.
According to the survey reports, Metaverse will be the future of internet and the next internet battle ground.
· 54% of experts said, the Metaverse will be a considerably more developed, completely immersive, and functional element of daily life for at least a half billion people worldwide by 2040.
· 46% experts said Metaverse won’t be a significantly more developed, fully immersive, and functional component of daily life for at least half billion people worldwide.
· XR will develop faster because of its massive commercial possibilities.
The reports further says that a part of experts indicated that the extended technologies would embrace the people lives like augmented reality and mixed reality tools but not the fully immersive virtual reality worlds such as the “Metaverse”
The experts expressed concern that both the good and the negative aspects of human nature could be significantly amplified in these virtual universes. They concern their worries on how individuals in charge of these systems would be able to reroute, constrain, or impede human agency and hinder people's capacity to realise their potential through the exercise of their free will. They are concerned about human freedom to develop beyond their innate abilities in the future.
Augmented and mixed reality applications will continue to grow rapidly in 2040. Many investments will be done in the research and development of XR technologies. People will witness the partial virtual world in 2040 and the full immersive Metaverse is still in a dilemma.
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