Why’s everyone suddenly talking about the Metaverse? One reason could be what shook the world a couple weeks ago: Facebook officially changing their name to Meta. All this buzz has a lot of companies making mention of their metaverse plans. Here we look at some of the big players and see how they stack up relative to the 12 requirements and each other.
Many different enterprises are already working on the metaverse in different forms. We’ve discussed what we see as essential to the creation of the Metaverse that the world imagines. As a review, Iterate believes the following to be the 12 requirements for the Metaverse:
Let’s take a look at how 8 major companies around the world are creating the Metaverse, where they’re succeeding, and which of these requirements where they may still be falling short.
FB/Meta plans on using the Oculus VR headset to enter the virtual world. Users and their avatars will be able to flit between virtual worlds created by different companies, appearing as 3D versions of themselves. In each world, businesses can create, sell, and invest in products using NFTs. It will be a synchronous environment, with everything happening in real-time.
This popular gaming platform is also working toward a Metaverse, and it looks a bit different from Facebook’s. Roblox plans to create an atmosphere where users can be connected in virtual online spaces and interact with others, building and maintaining relationships like in real life.
Microsoft has recently started using mixed reality to create a virtual space and meet with others in these spaces. They use Holoportation to project a photorealistic self or avatars, allowing users to connect using VR headsets, HoloLens 2, and mobile phones/tablets/PCs. Microsoft Mesh was created for organizational teams to meet up, and AltspaceVR is where someone can host meetings, town halls, and work gatherings.
Epic’s Metaverse is an expansive, digitized communal space where users mingle with brands and one another. It may be described as an online playground. Users can play multiplayer games, go watch movies together, test drive a car, and so on and so forth. They will be attempting to make literally everything interconnected – Facebook, Twitter, Google, Fortnite, Call of Duty, etc.
Unity has the best 3D rendering engine that has been widely used in games for years, and is recently making in-roads into engineering, architecture, urban planning, and other ‘real world’ use cases.
Autodesk is bound to be a major building block of the Metaverse. Generally, it’s for architects to use. In the Metaverse, Autodesk can be utilized to create digital twins of buildings and build architecture that may look realistic in the Metaverse.
Nvidia’s Omniverse plans to simulate all factories, plants, and power grids in hopes of decreasing waste.
Honnverse, or Rainbow Universe in English, is a 3D virtual live community. Users create virtual identities and interact with others in the virtual community.
The Metaverse is on its way, and these 8 major companies are working at it. Though we pointed out some limitations in the current ideas, as we see them, we’re interested in seeing how these companies may join together to meet each of our 12 requirements for the Metaverse. Or else, we may begin to see different and unique ideas of what a “Metaverse” actually is in our world.
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