What is the “Metaverse” described as the future of the Internet?

Posted by

No one of you has not heard the concept of “metaverse” lately. This concept, which many technology giants, including Facebook, have started to invest in, has recently become very popular. So what is the Metaverse?

To understand the Metaverse concept, we must first look at the word itself. “meta” is a Greek word meaning “after, beyond.” Thus, Metaverse, derived from combining the word meta and the words “universe” in English, means “beyond the universe.” 

So what is meant by the term “metaverse”? To explain briefly, Metaverse is the name given to a collective virtual sharing space created by combining all digital worlds, that is, the fictional universe in which all digital worlds are located. According to many people, it will be possible to reach this Metaverse, which will be created in the future, through virtual reality or augmented reality.

Firstly, from the Metaverse concept, Neal Stephenson, called the author of Snow Crash, was mentioned in the novel. In the novel, a three-dimensional virtual world with avatars of real people is called Metaverse. Apart from that, metaverse-like virtual worlds have been mentioned many times in the world of science fiction, some before Snow Crash.

 The most recent example of this is the book Ready Player One, adapted for the big screen in 2018. In this book, people could spend time and interact in a digital world through virtual reality as they would in the real world. Another example that can be shown as similar to Metaverse is the game called Second Life. In this game, which takes place in an internet-based virtual world, you can create your avatar, interact with people and do things you do in real life virtually. Here, Metaverse is planned to be a parallel digital universe. 

A virtual universe where all digital media come together: Metaverse

Right now, people are already able to communicate with each other online via digital platforms. But the idea of ​​Metaverse plans to take the dimension of human interactions to a very different place than that. Thanks to Metaverse, people will find themselves in a digital universe through virtual reality or augmented reality and get lost in this universe. 

Virtual reality technology is currently primarily used in games. However, Metaverse will significantly expand the use of virtual reality and augmented reality. So in this digital universe, probably by creating a three-dimensional avatar; It is expected that it will be possible to perform many daily activities such as working, traveling, playing games, going to concerts, shopping. However, it should be noted that these are just dreams for now. 

It should not go without saying that cryptocurrencies also have an important place in the Metaverse. In recent months NFT If you know about their sales, you can guess the Metaverse’s connection to them. Many works sold as NFTs are protected in digital worlds. These works are also planned to be exhibited and sold on the Metaverse. Metaverse will allow the opportunity to use any virtual asset owned in the digital universe thanks to blockchain technology. To summarize, cryptocurrencies can enable a virtual economy to form and operate successfully.

Popular metaverse projects

  • Axie Infinity (AXS)
  • Decentraland (MANA)
  • Starlink (Starl)
  • The Sandbox (SAND)
  • Aavegotchi (GHST)
  • UFO Gaming (UFO)

Why has it become so popular? 

Although some new trends about virtual worlds emerge every year, they are soon forgotten. However, it would not be correct to say this about the concept of the Metaverse. 

One of the main reasons for this is the excitement of many giant technology companies about it. These companies do not want to be left behind and make new investments if everything goes as expected and people start to spend their time in this ‘alternative universe. ‘ 

Facebook is one of the leading companies investing in it and says of Metaverse: “Metaverse is a series of sandboxes where you can create, interact, explore with people who are not in the same physical space as you .” 

The company started its investments in this field by purchasing virtual reality technology manufacturer Oculus for $2 billion in 2014. In the past months, it introduced its virtual offices called “Horizontal Workrooms” and took an essential step in moving the business world to Metaverse. In addition, Facebook recently announced that it will hire 10,000 European employees to build Metaverse and that the company will change its name to Metaverse: “Metaverse has the potential to open up new social, economic and creative opportunities. Europeans will be the people who started it.”

The founder of the giant company, Mark Zuckerberg, also stated last July that he wanted Facebook to become a Metaverse company. Zuckerberg also said, “The Metaverse is a virtual environment where you can interact with people. We think this will be the future of mobile internet.” had added his words.

Apart from Facebook, other companies are also very interested in Metaverse. Tim SweeneyCEO of Epic Games, the developer of Fortnite, has been expressing his enthusiasm on this issue for a long time: “People will be able to play games together through Metaverse, watch movies and series on Netflix. It will be very similar to the real world.”

Although Fortnite and Roblox are not exactly Metaverse, they contain elements suitable for this concept. Fortnite has expanded its product range in recent years and started to include brand events in the game. For example, a virtual concert of the famous rapper Travis Scott was held on Fortnite. Roblox is also a platform where thousands of games are connected to a comprehensive ecosystem. Here, games can be created or games created by different users can be played. This has qualities similar to the purpose of the Metaverse. 

There is another reason why Metaverse has become so popular lately: the COVID-19 pandemic. Due to the pandemic that has affected our lives for the last year and a half, we all had to stay at home and handle everything digitally. Therefore, due to the increase in digital interaction, there has been a tremendous increase in the interest in the Metaverse concept.

“The future of the internet” 

We said that Metaverse would not be a universe for games only, but a virtual universe to perform many functions. The technology industry’s leading figures also say that they have a lot of things they are excited about besides games. They want MetaMetaverse to have real-time 3D graphics, personalized avatars, more targeted social interactions than stereotypical games, the creation of human virtual environments, and an economic system that makes people money.

In short, MetaMetaverse will be able to make almost anything you can imagine take place in a virtual universe. People like Tim Sweeney and Mark Zuckerberg also stated that they are building only a part of this enormous database. You can think of it as the internet today. To experts, MetaMetaverse is what smartphones are to mobile phones of the 1980s, but current virtual reality technology. So MetaMetaverse is a much broader concept than one might think.

As a result, MetaMetaverse is defined as the future of the internet, even though it sounds like science fiction for now. Although many people are skeptical about this issue, it would not be wrong to say that it is exciting to have a virtual universe where anything can be done in the future. Maybe we will spend all our time here in the future, or who knows, maybe this technology will develop so much that there will be situations such as consciousness transfer to MetaMetaverse We’ll see over time whether that will happen.