Now that we have this part nailed down, what else can make the metaverse tick?Īnything can happen inside the metaverse. And while these platforms have some elements of the metaverse, they are still contained events that don't have much impact outside their original platform.Ī true metaverse is a continuous experience, integrating elements from different platforms and audiences into one. Even circa 2009 Facebook was dabbling in some pre-metaverse experiments like Farmville, a game that let participants run their virtual farms and sell their produce in return for Farm Coins. Earlier iterations can be found in games like Second Life and The Sims, where users are in control over the life of their online avatars. In truth, metaverse-like experiences have existed even before Facebook's recent Meta rebranding. Every participant in a virtual world takes part in co-experiences and helps co-create the future of the metaverse through user-generated content, from virtual creations to personal stories and interactions with AI-driven avatars. SOCIAL EXPERIENCES - The beating heart of the metaverse boils down to its users.
This includes marketplaces where users can buy, sell and exchange items like digital assets like avatars, virtual clothing, NFTs and event tickets. VIRTUAL ECONOMIES - Metaverse participants are able to engage in decentralized virtual economies powered by cryptocurrency (like Sensorium Galaxy's very own SENSO. As a highly realistic space, the metaverse will also have the capacity to adapt to its users who can directly influence, for example, its environments, objects, colors, lighting, and more. IMMERSIVE - Whether you're using a VR headset, AR glasses or just your smartphone, you'll be able to enter a new level of immersion and interactivity, where all human senses are more fully engaged and users feel more present in their experiences.
Blockchain technology is a big part of this (more details later on) because it ensures that all transactions within a virtual world are public, easily tracked and safe at all times. A metaverse will evolve over time based on the shared contributions of its users, like the content and experiences designed by them.ĭECENTRALIZED - The metaverse isn't owned by a corporation or a single platform, but by all of its users, who can also take control over their private data. Users can join the metaverse freely at any time, from anywhere in the world, and in doing so there's always continuity to their experience. PERSISTENT - A metaverse can't be unplugged, reboot or reset. It widens accessibility more than current internet platforms. It's an endless space where there are no limits to how many people can use it at the same time, what types of activities can take place, what industries can enter it, etc. Speaking of covering the basics, here's a breakdown of some of the features that define a metaverse:īOUNDLESS - As a 3D virtual space, the metaverse eliminates all types of barriers, physical or otherwise. And many of us would have come across some meta references in pop culture like in the Matrix, Ready Player One or Tron, so the basics of the concept aren't that unfamiliar after all. This idea has been around for a while, or at least since Neal Stephenson coined the term metaverse in his 1992 dystopian novel 'Snow Crash' (to be fair, he has distanced himself from any metaverse plans). The metaverse has several major advantages over what you're currently getting for your screen time (been doing a lot of that lately? we're guilty of that, too), so it all boils down to incorporating your day-to-day activities into a highly interactive platform that lets you get more done in one single place. Instead of staring at a screen like you do now, in a metaverse you'll be able to be inside all your online experiences, like shopping, meeting friends and family, going to a concert and even getting official paperwork done. There can be several virtual worlds inside a metaverse, where people can engage in a wide range of activities that are the result of a mix between physical and digital. Let's keep it simple then a metaverse is a shared virtual space that is hyper realistic, immersive and interactive thanks to the use of augmented reality (AR) and virtual reality (VR) technology. We can all agree that there's been plenty of yada yada, but at the end of the day would you be able to explain to your grandpa over Sunday roast what a metaverse really is? Since we're talking about something that doesn't exist yet, it can get confusing. For starters, defining the metaverse is a big ask.
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