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For the past three years or so, the word ‘Metaverse’ has been overwhelmingly used, discussed, debated and heard. When Facebook suddenly changed its name to ‘Meta’, the decision came as a shocker to the entire world. Some criticized the decision while others appreciated the change of name with excitement. So what exactly is this Metaverse?
Metaverse is a cyberspace created by developers which is 3D based and provides engagement of humans with the virtual world. The best way of putting it is by examining present day video games. Within this Metaverse, humans carry out their daily activities on a virtual platform. These activities could include playing video games, conducting virtual meetings, attending events and concerts etc. virtually. However, the Metaverse has not taken its fullest form and according to the belief of Ido Fishman the technology is still in its initial stage. But most importantly the virtual and augmented realities have successfully amalgamated.
Games like Axie Infinity and The Sandbox have been running their Metaverses in the most effective way possible. While organizations such as Microsoft and Facebook are on their way of launching Metaverse projects very soon. The future does belong to Metaverse because they provide immense convenience, huge interaction and multifarious activities.
Metaverse derives its power from three kinds of realities called virtual, augmented and mixed realities. Other sources of power are mainly blockchain and NFTs and DLT. So according to Ido Fishman it would not be wrong to suggest that Metaverse is a mixture of multiple technologies, which are all unique individually. Most amazingly, Metaverses have developed their currencies for their respective projects. At here, crypto is powering Metaverse economies in majority. For example, if a person in virtual reality wishes to exchange or purchase or sell an in-game item, the person would have to rely upon digital economies like cryptocurrencies.
Normally a Metaverse is developed by software engineers and developers. Since these types of projects are highly complex, therefore, there are several aspects which need to be taken care of by the person intending to launch a Metaverse. The necessary ingredients of a Metaverse usually are that it must provide for interoperability. Secondly, the project has to be persistent as well as synchronous in accordance with the real world. At the same time, the virtual space has to be made highly secured because the virtual space will be used developing economies and for carrying out transactions. Last but not the least, the developer must ensure that the virtual space has all the contents and ingredients. If the funding is there, then as per the Ido Fishman’s advice, a Metaverse app can be developed by adopting the following steps.
First of all, a developer would need to determine on which particular platform the developer wishes to establish the app. For instance, currently most of the apps are built on the platforms hosted by blockchain. However, there are other platforms such as Facebook’s Meta, DLT etc, to name a few.
After selecting the platform, the next important task for the developer is to prepare designs of the proposed Metaverse app. An app of Metaverse could comprise of anything such as a video game, a meeting room, theatre, conference venue etc. Since Metaverse is a 3D project therefore you would need to take on board multimedia developer. If you need some suggestions about 3D developers, you can browse our other pages which discuss in detail this topic.
The third and fourth important tasks for the creator of Metaverse app is to develop layers called the layers of “interaction” and “interoperability”. For instance, a virtual room is nothing if it can fit in multiple people yet they cannot interact with each other. So the development of this most essential component of Metaverse app will require a developer to use third party software and applications. Similarly, interoperability layer is needed for processing multiple operations within the Metaverse app. The ultimate aim of this layer is to enable usage, sharing and accessing the data, information and digital objects.
Once you have followed all the four steps and developed what was required then you would be able to have a Metaverse app of your own. However, it is a time consuming process which takes years even if you have hundreds of people working on the development phase. An ordinary Metaverse space usually costs investment of funds in between 50 to 300 thousand US Dollars. But the thing is you can actually develop a Metaverse if you have the will.
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