Over time, digital experiences have evolved, with interactive elements constantly improving and metaverse development. There was a time when people could communicate via mail, which took several days. Nowadays, technology allows us to share with friends across borders as if they were sitting next to us. Such advancements have been facilitated by the evolution of digital networks, high-speed communication, and the general growth of the Internet.
The focus on metaverse development technologies now draws attention to a new era of the Internet. Yes, you read that correctly! The immersive world is slowly preparing to welcome the Metaverse, a 3D digital world, as the next iteration of the Internet. Therefore, many people are attempting to identify potential technologies that can aid in creating the Metaverse.
What is Metaverse?
The Metaverse is a decentralized, persistent 3D virtual environment accessible via VR headsets, augmented reality (AR) glasses, smartphones, PCs, and game consoles. Users create digital avatars to interact with, visit far-flung real and imagined locations, and buy and sell goods. Along with blockchain, cryptocurrency, and non-fungible tokens (NFTs), the Metaverse is at the heart of Web3, a developing vision of a decentralized internet.
The origin of Metaverse Development
Before we dive deeper into the specifics, let us define what we’re talking about. The recent rebranding of Facebook to Meta has increased interest in the concept of a Metaverse, but it is only the beginning. The story begins with Neal Stephenson’s novel Snow Crash, published in 1992. The story depicted a virtual reality world ruled by a monopolistic corporation that sought to control its users’ lives.
Businesses have discovered that social media is an excellent way to reach out to new customers, increase sales, and retain existing customers. Mark Zuckerberg is concentrating his efforts on the Metaverse development, which aims to usher us into the next step of the Internet, which will be dominated by virtual reality. Users can now interact with the Internet more effectively than ever before, thanks to virtual reality.
The latest trends in the Metaverse space
- In October 2021, Facebook rebranded to Meta and invested approximately $10 billion in Reality Labs; a new division focused on metaverse app content and hardware.
- Microsoft Mesh, a metaverse-focused alternative, was unveiled in November 2021, with immersive virtual spaces for users to collaborate on work. Microsoft Mesh brought Microsoft Teams and other Microsoft solutions together in a single digital space for all users.
- NVidia, another notable player, also launched the NVidia Omniverse as an open source platform to connect 3D spaces to shared universes. The NVidia Omniverse is a virtual collaboration platform for creators, engineers, and designers.
- Most importantly, predictions for the Metaverse development add to the growing interest in key technologies for metaverse development. Bloomberg, for example, has predicted that the global metaverse market will be worth $800 billion by 2022.
The Key technologies that power the Metaverse development
Low Code-No Code
The rise of low-code and no-code platforms, combined with AI, will make it easier for non-technical citizen developers to go from idea to execution, whether for consumer or enterprise experiences or social or commercial value creation. Gartner and others have a lot of data on enterprise adoption of these platforms like PlugXR, so this will most likely accelerate and enable many people to create and monetize digital assets in a very capital-efficient way.
Fog computing is important in commercial settings because it allows quick data transmission with fewer latencies required for elevated interactive activity in online reality. While many people enjoy technology worldwide, cloud computing cannot manage the resources needed to keep the system running. Blockchain technology, however, can bring that computing closer to each consumer, determining the final delivery much more seamlessly.
One of the first app developments in AI was in gaming, specifically the famous human-versus-machine chess game developments. Artificial Intelligence has progressed immensely in the last couple of years, propelling GPT 3 forward. GPT 3 uses deep understanding to create human-comprehensible and readable texts and experiences, accelerating the interaction of physical beings, digital beings, and digital objects. AI use cases are already common in the Metaverse development, which is focused on optimizing engagement and advertising. Many Metaverse development designs include digital beings as companions and friends, and artificial intelligence is essential for more complex forms of input, processing, gestures, voice generation, expressions, and so on.
Artificial intelligence will alter experiences, interaction models, and collaboration paradigms. The Metaverse development studio will allow for collaboration with digital objects and beings who can also enhance and assist with future construction. Today, companies like Promethean AI assist in creating entire Immersive worlds based on how you envision your digital world.
Virtual reality is the technology that enables interactions within virtual spaces, similar to the gateway that VR headsets provide today. The main difference here is that one can only access VR programs in a limited way, whereas Metaverse is the entire Internet in a new way. The evolution of virtual reality into a more mixed reality creates readability in virtual spaces by deciphering tags, annotations, and hyperlinks that merge the digital and physical worlds; for example, augmented reality will enable some aspects of the Metaverse development to be projected into the physical world in an open or access-controlled manner.
Virtual Reality programs can evolve into islands of stand-alone experiences that can be woven into the Metaverse development. The number of use cases influenced by VR programs will likely grow into large-scale ecosystems, spawning new business models in the Metaverse development. Virtual Reality programs have the potential to create education, entertainment, commerce, services, and spaces in the Metaverse, which is predicted to be a multi-trillion-dollar technology.
The incorporation of cutting-edge technologies will significantly shape the Metaverse development. The presence of 3D Modeling or reconstruction, for example, will serve as an excellent example of how humans will integrate themselves into the virtual world. In the recent case of Asia’s first metaverse wedding reception, newlyweds hosted a virtual wedding to avoid coronavirus-related restrictions on their big day. This is the best example of how 3D Modeling enabled the creation of digital avatars of the couple and the 3,000 people in attendance at the reception.
A new level of immersion would also include a prominent role for digital humans — the Metaverse’s NPCs (non-player characters) and virtual assistants. According to Gartner’s 2021 tech hype cycle report, this technology will be relevant within the next ten years, with XR being the best scenario. There are currently companies dedicated to this technology, such as UNEEQ. We will see a huge leap from what we now have with Alexa and Cortana, abstractions without a face, to a more empathetic digital assistant who can become our concierge and provide us with context-rich information, resulting in a more comfortable user experience.
Internet of Everything (IoE)
We can feed the XR systems and the Metaverse with data and interactions relevant to the user by incorporating another next-generation technology into the list of top technologies shaping the Metaverse. The Internet of Everything (IoE) allows users to control systems other than our XR system while avoiding the limitations of voice commands through virtual assistants, thus adding another name to the Top Technologies Shaping Metaverse list.
Blockchain is likely at the forefront of the Metaverse development, as we have witnessed the exponential growth of this technology over the last couple of years. Ethereum addresses, for example, grow at a rate of about 100,000 wallets per day. The smart contracts will be one of the most important elements of the Metaverse ; they allow people or their digital identities to transact without really knowing each other or adding an intermediary to contaminate experiences; for example, anonymous counterparties can engage in transactions to create economic value by trading virtual property, goods, functionality, and so on.
All of this is now built on open-source blockchain technology, eliminating the need for people to construct these themselves. The decentralized open-source community-based developments make it simple to create and deploy wallets, infrastructure, transactional processing, and other features that propel the Metaverse forward.
Cybernetics is another important driver of Metaverse development, from simple joysticks, headsets, and goggles to more sophisticated elements that remove barriers between human sensory-motor systems and digital objects and beings. We already have brain-to-computer links in experimental form. Still, the rise of cybernetics is the ideal way to translate an idea from our minds into machines and pass on the results to us, i.e., imagination to experience executes quickly and even an enhancement over a low code platform that can impart scale to these cybernetic driven rapid prototypes.
5G, 6G, Edge Computing and Beyond
We all know that 5G will improve throughput, latency, and concurrency; however, subsequent versions such as 6G and beyond will add exponential effects to performance. This is especially important because the Metaverse development occurs in real-time, and experiences rely on the interaction model far more than scrolling web pages and transactional activity. Edge computing requires much more computing power, bandwidth, and concurrent connections to pump this data at much faster speeds, in real-time, and closer to you.
The Internet is becoming more decentralized, and moving infrastructure closer to where computing and experience occur will be critical. Several decentralized blockchain projects, such as Helium, can make this happen quickly. The accelerating speeds of these distributed networks and their high distribution and decentralization levels will be critical in allowing the Metaverse to build out many applications at scale.
Platform and Community Power
The Internet began decentralizing with IP addresses, DNS, globally distributed websites, and so on, and then came data aggregators like Google, Facebook, and so on, which created centralized value at massive scales. Early-stage Metaverses, such as Roblox, generate power by providing development tools for creating and rewarding creators through monetization potential via new avenues such as virtual goods, in-app purchases, in-game currencies, and selling digital accessories. These are centralized corporations that drive decentralized value, and the scale is driven by decentralized community power.
The large aggregators are migrating to open environments to accelerate content, community, and engagement build-out – Facebook (Meta) recently announced a shift from Oculus APIs toward more open standards. As Blockchains thrive on decentralized ecosystems and communities to challenge these centralized players, the risk of these centralized corporations continuing to maximize value for themselves at the expense of these communities remains.
Digital Identities and Interaction Models
Our digital identities are now as real as our physical identities, for example, online reputation, network relationships, API-based logins, etc. Pre-pandemic (2020), less than 10% of work and economic output was online, and physical interaction at work used to trump virtual interaction- that changed in the pandemic year, with >70% of people working remotely, and data suggests that this will likely balance around 30-40% virtual and 50% physical even with the current return-to-work trend.
This ideal Metaverse development catalyst is engaging people and collaborating in real-time in an immersive social space. The digital identity takes center stage when interacting on social media, working, or playing metaverse games. Accepting digital identity and interaction models woven around it will catalyze the Metaverse development.
Finally, you can see how the top technologies for metaverse development each play a distinct role. Each technology serves a specific purpose in furthering the overall goal of constructing the Metaverse. Blockchain, AR and VR, AI and 3D reconstruction, and IoT are some unique technologies underlying the Metaverse. All of these technologies are the primary enablers of Metaverse’s functionalities. The key technologies serve many prolific metaverse use cases, ranging from open accessibility, interoperability, and an open economy to real-life experiences in the Metaverse. Get your hands on these technologies and use PlugXR‘s no-code platform to create an immersive experience. Our no-code platform enables you to create amazing, fully functional apps without technical expertise.