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The existence of ethical concerns is precisely why it's important for business owners to understand the different technologies driving the Metaverse forward and what impact they may have on users, the environment, and our society. By understanding these technologies, businesses can find new ways to enrich our society with constructive uses of virtual reality connectivity that enrich our world and keep the digital economy booming.
In addition, understanding these technologies is important because as more advanced techniques are developed for use in Metaverse projects, the average cost of US$48,000 for app design in the USA will undoubtedly go up. Business owners need to understand what they need to focus on when planning their next move.
Businesses also need to understand that as the landscape of the Metaverse evolves, the nature of the content will change as well. Creating quality content marketing strategies with these immersive, virtual environments in mind is essential as the industry moves forward.
Bringing a new sense of security with a highly secured network, standing at the top of the list of technologies shaping this revolutionary platform is the integration of Blockchain and cryptocurrency in Metaverse.
Based on decentralized and transparent solutions, blockchain and cryptocurrency can potentially incentivize people to work at Metaverse. With more companies considering the idea of remote working, we might witness metaverse-related jobs being offered in the future.
Augmented Reality and Virtual Reality technologies will serve as a major stepping stone for Metaverse as they are the core, and define how people use these as entry points to the virtual world.
With new developments happening in VR w.r.t equipment development, it is likely to expand the metaverse experience to involve physical simulations. Considering the versatility of the Metaverse concept, we can expect more metaverse-related companies to invest in AR and VR equipment soon.
The incorporation of top technologies will shape the metaverse greatly. For e.g., the presence of 3D Modelling or reconstruction will serve as a prime example of how people will integrate themselves into the virtual world.
In the recent incidence of Asia's first metaverse wedding reception, a virtual wedding was hosted by newlyweds as the couple wanted to avoid coronavirus-related restrictions on their big day. This is a prime example of how 3D Modelling enabled the creation of digital avatars of the couple and the 3,000 people who attended that reception.
Taking the concept of Metaverse to the forefront, another big name in the list of Top technologies shaping metaverse, Artificial Intelligence (AI) is an important technology that will be working behind the scenes to make the magic happen.
Under the Top Technologies Shaping Metaverse, AI in Metaverse can be leveraged to create non-player characters (NPCs). With AI's processing abilities, NPCs can be placed across the 3D spaces to enable lifelike conversations with users or can be utilized to perform other specific tasks. An AI NPC can also enable its user to converse in several different languages.
Integrating another next-gen technology in the list of top technologies shaping Metaverse, we can feed our XR systems and the metaverse with data and interactions relevant for the user. The Internet of Everything (IoE) enables the user to control other systems beyond our XR system while avoiding the limitation of voice commands using virtual assistants, thus adding another name in Top Technologies Shaping Metaverse.
A new level of immersion would also include a prominent role for digital humans — the NPCs (non-playable characters) and virtual assistants of the metaverse. According to Gartner's 2021 tech hype cycle report, this tech will be relevant within the next ten years, and the best scenario for it is XR.
Currently, there are companies like UNEEQ dedicated to this kind of tech. We will experience a giant leap from what we currently have with Alexa or Cortana, which are abstractions without a face, to a more empathetic digital assistant that can become our concierge and give us context-rich information resulting in an even more comfortable experience for the user. (This last statement considers that this tech will go beyond the Turing test and obviously AI has to avoid any dystopian ideas where we're unsure if we're speaking to a real person or an AI.)
