How will AI, VR, AR, 5G and blockchain complement each other to drive the development of the metaverse?

People have imagined a lot of scenes about the landing of the Metaverse, and the important technology behind it has gradually matured.

Emerging technologies including artificial intelligence, virtual reality (VR), augmented reality (AR), 5G, and blockchain (and related digital currencies) have all made corresponding progress over time and achieved certain value. Each field has found an application that is suitable for its development, and the progress in the field of artificial intelligence is the most obvious.While blockchain technology overcomes energy consumption and VR overcoming the dizziness caused by challenges, each technology continues to mature. 

With the support of the scalability and scale of cloud computing that is ubiquitous now, these technologies may develop together in the next few years. In the coordinated development of technology, the value obtained far exceeds the sum of the value created by the development of a single technology alone. The catalyst for this integration is Metaverse, an always-on 3D virtual world connected to the network

The Metaverse concept has broad potential. At a certain level, it can be a 3D social media channel that uses artificial intelligence to deliver messages perfectly to each user. This is the vision of Meta (formerly Facebook). At the same time, it also has the potential to become an all-round platform for information, entertainment and work. 

Initially there will be multiple Metaverses, some of which are tailored to specific interests (such as games or sports). The main difference between current technology and Metaverse lies in the immersive possibilities provided by Metaverse, and this is why Meta, Microsoft, Nvidia, and other companies have invested heavily in Metaverse. Metaverse may become the next version of the Internet

Instead of watching the news, let yourself be in the news. Rather than learning about history by reading the events in the book, such as Washington’s crossing of the Delaware River, it is better to witness directly on the shore or on a boat.Instead of watching a basketball game on TV, it is better to experience it for yourself in a 360-degree surround. People can also participate in conferences, watch keynote speeches and meet with others through virtual means. In the Metaverse, our digital presence will more and more merge with our real existence. According to Meta CEO Mark Zuckerberg (Mark Zuckerberg), Metaverse may become the best product for the next working community

How will AI, VR, AR, 5G and blockchain complement each other to drive the development of the metaverse?

Photo caption: Thanks to Time Magazine, you can experience the attack on Pearl Harbor through VR 

As Monica White described in Digital Trends, “The Metaverse aims to replace or improve the real-life functions in the virtual space. What users do in daily life, such as going to class or work, can be done in Metaverse. “. For example, Metaverse can provide a brand new 3D platform for e-commerce. Imagine a shopping experience in virtual reality, walking on the streets of large stores specially tailored for you by many platform partner companies, where promotional information is designed only according to your needs, and the displayed products are all In stock and ready to ship . In this kind of store, special products are selected according to your taste and expected demand, and the value-based prices will be dynamically updated in real time, and these values ​​are mainly based on the age of the product (whether the product is a perishable product) and the product’s Supply and demand. 

First is the second life of video games

The Metaverse sounds fresh and full of futuristic sense, but in fact, we have been in touch with it before. Except for Neil Stephenson and William Gibson, who were very visionary early on and described the metaverse in the novel, a very real metaverse was created in 2003. It is the second life of the video game as we know it. Millions of people flock to the platform just to experience this digital universe composed of virtual people. NBC describes Second Life as an “online virtual world in which virtual people can do what real people do in real life , such as: trading, gambling, listening to music, buying real estate, flirting, playing games, watching movies, Have sex”. Harvard University even teaches online courses on the platform of Second Life. Second Life was so successful that it became the subject of the cover story of Business Week in 2006. 

How will AI, VR, AR, 5G and blockchain complement each other to drive the development of the metaverse?

Photo caption: Second Life appeared on the cover of Business Weekly in May 2006. 

However, the popularity of Second Life quickly declined. As described in a 2007 Computerworld article, the user experience has been affected due to “bad user interface, strong technical requirements, steep learning curve, inability to scale, and many other disturbances.” After that, Facebook appeared in the public eye and provided a more attractive experience

In 2007, there was no VR, AR, 5G, blockchain, and digital currency. Cloud computing is still in its infancy. With the advent of the first iPhone, the mobile Internet is in its infancy. In addition, because the deep learning boom will take several years, the impact of artificial intelligence is still limited. And this may be why Meta is now very obsessed with the idea of ​​Metaverse, because it combines the most compelling elements of Facebook and Second Life, and Metaverse is a brand new platform powered by the latest technology. 

Emerging technologies are about to be ready

Some technologies that support Metaverse, including virtual reality and augmented reality, and blockchain, have matured slowly. Each technology seems to have missed the killer applications that will promote development and widespread adoption. Then Metaverse may be that application. 

For VR, most headsets still need to be connected to a PC or game console to achieve the processing power and communication speed required for its smoothness and immersive experience. So far, only Meta’s Oculus Quest 2 has gotten rid of this cable restriction. But according to a vice president of Meta, even that headset is still bulky. With the advent of faster and faster processors and higher-speed wireless communications, there should be a clearer and unrestricted experience in visual resolution in the next few years

AR mainly achieves niche adoption. To some extent, AR prospects may have been greatly negatively affected by the market failure of the highly anticipated Google Glass launched in 2012. Although Pokemon Go has greatly improved the technology in 2016, there has been no similar phenomenon since then.

How will AI, VR, AR, 5G and blockchain complement each other to drive the development of the metaverse?

An important new player is clearly ready to enter the market: Perhaps driven by the Metaverse concept and competitors, Apple plans to release its first AR/VR headset at the end of 2022. The industry pioneers have proven the feasibility of this technology, so Apple has a great advantage when entering the field, and then it may continue to dominate. Therefore, we can draw a reasonable conclusion that this is Apple’s plan for Metaverse

Blockchain is the foundation of Bitcoin and other cryptos. Users can purchase virtual goods and identities and transfer them seamlessly between various Metaverse platforms. New blockchain applications, such as NFT, are leading to better adoption, and these applications may also point to a new economy. According to the Wall Street Journal, the financial industry is now racing to extend this technology to all types of assets, and blockchain-based payments have more advantages than our traditional financial infrastructure. Similarly, the New York Times reported that venture capital funds invested approximately US$27 billion in Crypto and blockchain companies in 2021, more than the sum of the past 10 years

Metaverse prospects

Although some brands have begun to rush to take advantage of the craze of Metaverse, the development of Metaverse is still full of ups and downs, and it is still a few years away from its widespread adoption. And this is because the technology that can optimize the functions, ease of use, and reduce the cost of Metaverse still has a way to go. A semiconductor company said that compared with today’s most advanced processors, a truly immersive virtual world requires a 1,000-fold increase in computing efficiency. Although this is a huge increase, the company said on its recent “Construction Day” that they expect to achieve this goal by 2025. 

Whether it takes three years or ten years, there is a huge driving force behind the seemingly unlimited financial support behind Metaverse . Even at this stage, Boeing is committed to using digital twins and Microsoft HoloLens headsets to design its next-generation aircraft in the Metaverse. 

Kirby Winfield, the founding partner of the venture capital firm Ascend, sees Metaverse as “the latest development in the continuous transition to an increasingly digital life.” When it fully arrives, this transformation will realize the immersive science fiction vision of many people. 

Posted by:CoinYuppie,Reprinted with attribution to:
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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