The term “Metaverse” is frequently used to describe a virtually shared space created through convergence of enhanced virtual physical reality and physically persistent virtual space, including of all virtual worlds, the internet and augmented reality. The M.T.A aka MetaVerse is made possible mainly through advances in computer technology- specifically key technologies like big data analytics. This blog post will take you on a tour of these technologies and how they help power this new world that many futurists believe will be our future.
Blockchain and Cryptocurrency
The first key technology that is powering the Metaverse is blockchain technology. Blockchain is a distributed database that allows for secure, transparent, and tamper-proof transactions. This makes it the perfect technology for creating digital currencies like Bitcoin and Ethereum, used in many virtual worlds and online marketplaces. Blockchain can also be used to store digital identities, which are crucial for allowing users to transact with each other in virtual spaces securely. Blockchain-powered cryptocurrencies can also be used as tokens that will enable one avatar to give another avatar access into restricted areas of the Metaverse or purchase items like real estate and furniture.
Augmented Reality (AR) and Virtual Reality (VR)
The second key technology powering the Metaverse is augmented reality (AR) and virtual reality (VR). AR and VR allow users to interact with digital objects in a three-dimensional space. This makes it possible for users to see and interact with other people and things in a virtual world. AR and VR are frequently used in MMORPGs (Massively Multiplayer Online Role-Playing Games) like World of Warcraft. They are also commonly used in virtual marketplaces, allowing users to browse products and services that they can purchase in the Metaverse using cryptocurrencies.
AR is when you overlay digital objects onto real-world images captured by your smartphone or tablet camera, while VR is when you completely immerse yourself in a digital world. Both AR and VR have seen a surge in popularity in recent years, with companies like Apple and Facebook making significant investments in the technology.
Artificial Intelligence (AI)
Another critical technology powering the Metaverse is artificial intelligence (AI). One of the reasons VR and AR are so immersive is that they can track your movements in real-time. This allows virtual environments to react when you move, for example, allowing you to pick up a ball dropped on the ground.
AI makes this possible. It is also used to develop avatars, which are digital representations of users that can interact with one another. AI allows avatars to make decisions based on their preferences and past behavior patterns.
