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Our digital markets are about to undergo a paradigm shift due to using today’s top technologies in the metaverse. As we already know, the concept of the metaverse is revolutionizing social media markets. Coffee shops, offices, visiting friends, playing games, and almost everything else you do in the real world can all be done virtually.
Metaverse is already being used by virtual platforms such as Decentraland, Sandbox, and many others. The Facebook platform has also adopted this technology recently. Many other tech giants, such as Microsoft, Google, etc. are also experimenting with their own version of the metaverse.
Considering these clues, we’re fairly certain that the metaverse is going to be the next big thing in the near future. As well as NFTs, we have already covered what they are and How To Buy NTFs.
Note: If you have questions about the metaverse or do not know what it is, visit our top 6 FAQs about the metaverse articles.
In addition to all these factors, we also know the concept of the metaverse is still undergoing development. Technology companies are utilizing the latest technologies in the metaverse to make this virtual world a reality. Here’s a look at the technologies that are known to have the potential to create virtual worlds in 3D.
3D virtual worlds are powered by the following technologies.
Let us look at each one so that you will have a clearer understanding. Also read our blog about real estate in the metaverse!
Digital authentication is becoming more secure and unbiased with blockchain technology. Blockchain can be used to collect, exchange, manage, and reconcile value within a metaverse. A cryptocurrency also acts as a medium of exchange in the virtual world, as real money does in the real world.
Successful virtual platforms such as Decentraland and the Sandbox offer digital items and also digital real estate. You can purchase real estate using cryptocurrencies. The land will be represented by non-fungible tokens (NFTs). Investments in these virtual items become more secure and safe with the use of blockchain technologies in metaverse.
Virtual reality is the technology that makes the metaverse so powerful that it seems real. As such, VR is just like the metaverse itself, making a computer-generated virtual environment that mimics the real one. Once the virtual world is created using VR, it can then be explored using a VR headset, Glasses, etc.
In the future, when VR technology matures, it will be combined with physical reality to expand the metaverse experience. You can therefore feel and interact with people around the world from the comforts of your home.
The metaverse uses augmented reality to create virtual worlds and alter the real world. The most interesting thing about AR is you can use it on any device with a camera. The use of augmented reality allows users to view their real-life environment with digital visuals from the virtual world.
Note: Virtual reality and augmented reality seem to be the entry points to the metaverse and other virtual worlds. At mimAR, we use augmented and virtual reality to help realtors visualize their future projects in the real estate industry. Discover How can you easily distinguish Augmented & Virtual Reality?
In the future, when VR technology matures, it will be combined with physical reality to expand the metaverse experience. You can therefore feel and interact with people around the world from the comforts of your home.
3D visualization or 3D reconstruction is used during the pandemic because visitors couldn’t access properties physically. Thus, companies specializing in real estate use 3D architectural visualization to generate 360 virtual tours for potential buyers. At mimAR, we give our customers virtual tours of their real estate listings using 3D reconstruction technology. This allows potential buyers to visit the property, check out details about anything in the building, all from the comfort of their home.
How does the 3D reconstruction relate to the metaverse? Virtual tours offer a realistic look into virtual spaces, but the metaverse does not. The metaverse will be able to create spaces that resemble our virtual tours with technology like this.
Take a look at the state-of-the-art 360 virtual tours we’ve created for our potential buyers.
In the future, when VR technology matures, it will be combined with physical reality to expand the metaverse experience. You can therefore feel and interact with people around the world from the comforts of your home.
The use of AI has become an integral part of human life, which includes everything from better business planning to more efficient computing. In the meantime, the AI experts are happy to create immersive metaverse spaces and to bring them to life as real spaces.
The power of AI and machine learning is that they can process data at light speed. In addition to recalling older and newer data, they can make decisions based on that data and produce incredible results.
Non-player characters (NPCs) will derive value from AI in the metaverse in multiple ways. NPCs are common in most games, which are programmed to respond to players’ actions and respond accordingly. In order to provide lifelike conversations with users or perform other tasks, NPCs must be placed over 3D spaces to process AI’s processing abilities. AI NPCs can operate independently and can be used concurrently by millions of players. Additionally, they tend to be programmed in a variety of languages.
With the internet of things, everything from the physical world to the internet can be connected. Different sensors provide unique identification, as well as automatic transmission and reception of information. Currently, there are many devices and various types of data being transmitted through the internet of things.
In the same way, IoT is involved in sending and receiving data from the physical world in the metaverse. Data in a metaverse will be represented more accurately this way. Data from the IoT will be used to improve the accuracy of the metaverse’s operation.
Note: Also Read about buying process of real estate in the metaverse!
Technologies in the metaverse are still not mature enough, as everyone knows. Metaverse still struggles with the two main issues of privacy and identity despite many of its advantages. In the metaverse, most people do not reveal their real identities as they appear in different avatars. How can one tell who the other person is by their avatar?
A second issue is privacy, since AR and VR technologies are mainly involved. It is still possible to leak information via these technologies, since there is always a risk of this happening.
EXPERIENCE GOOD. BUILD BETTER.
EXPERIENCE GOOD. BUILD BETTER.
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