How far is the “Metaverse” in the eyes of giants?

In the second half of 2021, “Metaverse” can definitely be called a waver in the field of technology and even capital. The Internet includes the development of virtual reality technology, the development of DeFi, and at the same time blessing the human imagination about the virtual world, so that the conceptual outline of the Metaverse has begun to model.

For a period of time, Metaverse has triggered extensive discussions around the world. People from all walks of life have shown eager attention to the key technologies, basic elements, and development significance of Metaverse. The major giant companies even predict the outline of the Metaverse world and its future development.

In terms of application, the field of imagination for the Metaverse is more diverse. For example, in the business field, Metaverse can be used as a virtual office platform, and users can perform virtual collaboration in a 3D universe that simulates an office environment. Examples of this include Facebook’s Horizon Workrooms and Microsoft’s Mesh. This can further allow employees to perform virtual work anywhere, reducing the need to live in the city.

Microsoft CEO Satya Nadella said that Metaverse has crossed the physical and digital worlds and integrated people, things, and fields in the business and consumer Internet. It should not be regarded as a separate consumer market. Or enterprise-level market phenomenon, because integration may be necessary. And in a sense, the popularity of video conferencing in the epidemic has given us some experience of a 2D Metaverse. The 3D Metaverse beyond time and space is undoubtedly an important development direction.

In addition, Bill Gates released the 2021 year-end review, stating that 2021 gives us a preview of a more digital future. Digitization will continue to exist, but over time, the technology used by humans will continue to get better. Gates predicts that Metaverse will revolutionize office work. He wrote in the year-end review: “In the next two to three years, I predict that most virtual meetings will be from two-dimensional images (I call it the “Hollywood Plaza Model”, although I know that this description may make me look a bit outdated) Turn to Metaverse, a 3D space with “virtual images”.

In the field of education, Metaverse can be used to conduct field investigations at any place and at any historical point. In 2021, NVIDIA is developing a Metaverse infrastructure project called Omniverse, which will allow developers from all over the world to collaborate in real time to create Metaverse content creation software. Together Labs is also studying the technology to create realistic avatars, which will use artificial intelligence to resurrect historical figures.

In the real estate field, Metaverse can be used to visit realistic virtual houses. Buyers will be able to visit houses located anywhere in the world through Metaverse in their own homes. NFT virtual real estate is also a new market. An example is “Mars House”, an NFT house sold for $500,000 in 2021.

Business owners will also be able to participate in the Metaverse. They can provide virtualized physical facilities and provide an upgraded online shopping experience. Customers can visit virtual shopping malls and try virtual three-dimensional objects commensurate with real-life dimensions, which can reduce product uncertainty during online shopping.

Grayscale, the cryptocurrency trust fund, tweeted that Metaverse is at the forefront of the development of the Web 3.0 Internet. The Metaverse is a set of interrelated experiential 3D virtual worlds in which people located anywhere can socialize in real time, thus forming a durable, user-owned Internet economy that spans the digital and physical worlds. Metaverse is still emerging, but many key components have begun to take shape and are revolutionizing everything from e-commerce to media and entertainment, and even real estate.

Although the Metaverse seems to have a vast space and many possibilities, it is still an emerging thing that has not yet formed. According to the analysis of researcher William, the connotation and key technologies of Metaverse mainly include the following three categories: to further break the limitations of time and space, 5G and the Internet of Things will be the key to achieving this part; real immersion, which depends on the progress of VR technology; value of Transmission, where the definition of property rights requires identity authentication and value data confirmation, and free transactions require the realization of identity privacy protection and the authorized transmission of value data. Therefore, blockchain technology will be one of the core technologies of Metaverse. However, the current major technology development of Metaverse is still immature, the marketing cost is high, and it has not yet reached the stage of large-scale civilian use. The universe really has a long way to go.

TSMC Chairman Liu Deyin recently stated that with the acceleration of global digitalization, the development of the semiconductor industry has also accelerated. In the next 10 years, AR may replace mobile phones, and VR may replace PCs. People will gradually experience the real world and the virtual world. Combining, and the hardware needs of Metaverse will continue to grow.

Intel put forward a red flag about the metaverse, warning that more processing power is needed to support this vision. Raja Koduri, Intel’s senior vice president and general manager of the Accelerated Computing System and Graphics Division, said that immersive computing, which is large in scale and can be accessed by billions of people in real time, needs to increase computing power by 1,000 times from the current state-of-the-art level. Explain: “You need to access petaflops “1000 teraflops” calculations in less than one millisecond, and the real-time use response must be less than ten milliseconds. Your personal computer, your mobile phone, your edge network, and your The base station of computing power and your cloud computing need to work together like an orchestra.” According to Intel, they are developing chips specifically to support Metaverse and plan to release a series of new graphics processors early next year. Other key components include Metauniverse dedicated algorithms and metauniverse architecture, as well as open software development tools and libraries.

Hon Hai Chairman Guo Taiming said that the Metaverse concept will take 5 to 10 years, or even longer, to be implemented. There is still a long way to go for related applications. There are indeed many R&D opportunities in the development process, but they are overly touted on the application side. Since there is still a lot of room for improvement in the “consumer experience”, it is not practical to talk about application explosion at present.

The CITIC Securities Research Report pointed out that Metaverse-related topics have quickly broken the circle, the market has a high degree of attention, and differences and consensus coexist. We believe that the ultimate Metaverse connecting the physical world and the digital world will become the way of life of mankind 20 years later, reshaping the digital economy system. The Metaverse aggregates a large number of discrete single-point innovations to form new species, bringing long-term potential and opportunities beyond imagination. In the next 3-5 years, Metaverse will enter a prototype exploration period, with progressive technological breakthroughs and business model innovations emerging in VR/AR, NFT, AI, cloud, PUGC game platforms, digital humans, digital twin cities and other fields. In the medium and long term, Metaverse’s investment opportunities include: GPU, 3D graphics engine, cloud computing and IDC, high-speed wireless communications, Internet and gaming company platforms, digital twin cities, industrial Metaverse, solar energy and other sustainable energy sources.

Ethereum co-founder Vitalik Buterin said in an interview in August that blockchain and cryptocurrency have developed rapidly in the past decade, and their concepts have begun to challenge existing large players in the fields of finance, technology, and consumer goods. Facebook, Twitter, JPMorgan Chase, Goldman Sachs and other traditional companies are working hard to incorporate blockchain into their businesses. Blockchain technology in particular poses a major threat to Facebook, Twitter and other social networks. These established companies will eventually lose out to the “industry” Upstart”. In addition, Vitalik Buterin also looked forward to the future plans of the Ethereum network. He expressed his hope that Ethereum can run Metaverse in the next 5-10 years.

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