Logo

Forecasting AI blog

Blog

>

News

>

Metaverse: the new world of Facebook

Metaverse: the new world of Facebook

By G.H.

|

October 20, 2021

|

News

|

Facebook is changing its name to reflect its rebranding - transforming from a social media conglomerate into a metaverse.

 
And it's not just Facebook, the term is not uncommon in Silicon Valley: companies such as Microsoft are also talking about the convergence of the digital and physical worlds. The popular children's game Roblox describes itself as a metaworld. Epic Games' Fortnite is also considered part of the metaverse. 
 
And it doesn't stop there: music, fashion, and the metaverse seem to be actively involved in every conversation about the future of all entertainment and beyond.
 

But what exactly is the metaverse?

 
The term "metaverse" is very broad. In general, when people use the word, they are referring to a virtual world that people can access and share over the Internet.
 
The term is commonly used to describe digital spaces that come to life through the use of virtual reality (VR) or augmented reality (AR). They are a manifestation of real reality.
 

You have probably been to one of these

 
Chances are, you've already been inside what appears to be a metavirtual universe. Most video games that have their own worlds, their own universes, and operate according to a predetermined set of rules or order can be called metaverse. Silicon Valley, however, seeks to make these worlds more realistic, more livable. This deeper interest is probably a result of the fact that in the last couple of years many people have been spending their lives remotely, using laptops.

  

There are certain rules that turn virtual reality into a metaverse

  
Firstly, there is no reboot, no pause, no end - the metaverse is indeterminate. This is what distinguishes it from the world or virtual reality. It is a lived experience that exists all the time for everyone and in real time. The metaverse should also have its own fully functioning economy, open to all.
 

You can own property in the metaverse

 
Not only can you own property, but you can have assets which will have value in the real world. There is a particular type of metaverse that uses what is known as blockchain technology. Blockchain is simply defined as a decentralised and distributed ledger technology that records the origin of a digital asset. In other words, users can buy virtual land and other digital assets using cryptocurrencies, and these purchases will be recorded.

The metaverse for the evolution of gaming

Collaboration is needed

  
For the metaverse to work, all players on the internet must come together to create unprecedented interoperability of data, digital objects or assets, content, etc. in each of these experiments. The question arises as to how many avatars one can have on the internet.
 
The action of many sci-fi works, such as Ready to Play or The Matrix, takes place, at least in part, in full-fledged metaverses. Usually dystopian, these works of fiction show how humanity uses the metaverse as the real world becomes increasingly uninhabitable.

However, this detail of the metaverse is still a distant reality, though it is not known for how long.