Metaverse

Study Notes

The metaverse is a virtual world where people can live, work, shop, learn, and interact with each other.
It is a 3D virtual realm that does not exist today, but tech giants like Facebook, Google, Microsoft, Nvidia, and Qualcomm are investing billions of dollars in it.
The metaverse is a vision of the next iteration of the internet, a single, shared, immersive, persistent, 3D virtual space where humans experience life in ways they could not in the physical world.
The metaverse economy could reach $5 trillion by 2030, with e-commerce being the dominant engine, and gaming, entertainment, education, and marketing in the metaverse also becoming important sectors.
Non-fungible tokens (NFTs) figure to play a big role in the usefulness and popularity of the metaverse.
The metaverse has created opportunities for new companies such as Metaverse Group to offer digital goods, and established brick-and-mortar companies are also jumping in.
Meta, Epic Games, and Microsoft are some of the software vendors with their own metaverse visions.
The current version of the metaverse is shaping up as a multiverse: a multitude of metaverses with limited interoperability as companies jockey for position.
The combination of uncritical enthusiasm for the metaverse and deep uncertainty about how it will pan out has sparked some backlash.
The metaverse will happen, and it will arrive with a big bang, but fundamental technical barriers still exist.
Microsoft launched a feature that allows people to use avatars in Teams meetings
Accenture uses Microsoft Mesh to onboard new employees with digital avatars in a shared virtual space
The impact of the metaverse on our lives is still up for debate
Experts are split on whether the metaverse will become a fully immersive aspect of daily life for at least half a billion people globally
The metaverse represents an opportunity to improve collaboration, speed up training, and reduce the need for office space
Nvidia's Omniverse platform is a real-time graphics platform for developing virtual worlds
The metaverse could enhance teamwork and collaboration, enable faster learning, and assess operations
Cybersecurity and privacy standards are major challenges for the metaverse
Businesses should create a viable data privacy policy and work with metaverse platform owners and standards organizations to establish security and privacy safeguards
The metaverse enables humans to go where they were never able to go before, but bad behavior on social platforms could be magnified in a virtual world.