The metaverse is still evolving. Many large enterprises are exploring new business models with it including virtual training, virtual service agents, virtual touring, and virtual industrial visits, to name a few. We can expect full-fledged implementation of the metaverse in the next 7-9 years, with the crypto economy and spatial technology driving its growth.
There are three integral components of metaverse solution development.
Virtual reality (VR): This is a 360-degree immersive digital environment that simulates the real world. It requires special devices like a VR headset and head mounted devices (HMD). Examples are PS4 games, driving simulators, and network based 3D games.
Augmented reality (AR): In AR, real-world objects are enhanced by digital content and the technology can work with a regular mobile camera. However, it requires special software. Examples include Google ARCore/ Sky Map, HoloLens, and Snapchat.
Mixed reality (MR): Here, physical and digital objects coexist. The real world and digital world merge to create an interactive experience. MR requires special displays and devices. Examples include virtual makeup applications and virtual furniture fittings.
In short, metaverse combines VR and AR along with IoT, AI, cloud and blockchain to create augmented virtual worlds, in which users immerse as avatars. It requires high-end computing and special software.
Metaverse vs multiverse
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