Of late, the tech world is blown by the term "Metaverse." The word has the power to give a whole new meaning to virtual reality equivalent to the physical world. After being renamed Meta, Facebook is in the news and got mixed reviews with excitement and suspicion. Everybody is looking forward to the change that Metaverse will bring to the table and how it will affect our lives. The concept of virtual reality is just started, and a little work is seen practically, whereas many big projects are under construction. In simple words, we are yet to see the biggest revolution in the virtual world.
The widely discussed trend is continuously in the news countless times about where it will take us. So, let us imagine a scenario to understand better how it will shape our lives in the coming time. Suppose conducting a 3D meeting with your employees.
Make a trip possible with your friends while sitting at home. Both the scenarios are possible without stepping out of your home? Sounds interesting, right? These two are the minimum possibilities of the Metaverse. So, you can think about what Metaverse can bring on a larger scale with bigger projects in the market. So, this is what people will get with Metaverse.
Now the question is what can make this into reality. What will It take to create a virtual world that reflects the exact real world? In this blog, you will get the answers to questions that are weighing your mind right now, like what is Metaverse, why one should create a virtual world, what are the next-gen tech stacks, use cases, and many other things. Let's get started now!
The term Metaverse was first coined in 1992 by Neil Stevenson, an American writer famous for his speculative fiction. It can be stated as the virtual realm where the real world gets met through the internet, in other words. It is the online,3D world comprised of multiple virtual spaces. It makes it possible to carry out daily activities, shopping, remote meetings, creating avatars, etc.
The Metaverse promises virtual concerts, games, lands, movies, travel in the digital space. These are the best examples where Metaverse has proved a game-changing concept giving a new meaning to the digital business.
If we consider the popularity of Metaverse, it will definitely soar with the coming Future. The virtual platforms will dominate the tech world in just 5 to 10 years. A massive number of people will entice the Metaverse. Billion people will explore this concept, and it will provide jobs to millions of developers and investors. It is fair enough to say that the Future is all about virtual reality!
If we think about what people expect from the technical world and its platforms, safety and security is the first concern of the users and the investors. Blockchain technology has gained users' trust after the success of the cryptocurrencies exchange. Now blockchain technology is the firm foundation of virtual applications/platforms. And the Metaverse offers promising privacy and safety to everybody. There is no fear of leaking identities and private data.
Observing all the facts stated above, Being a newbie If you want to create a Metaverse virtual world, you should make this move without expert advice. You can reach reliable blockchain experts to make your idea real! We have a team of experienced and dedicated experts who can help you with your business idea. Now, if you still have any doubt about the business opportunities in launching an application based on virtual reality, then here you can read out the exceptional advantages of starting a Metaverse business.
Games: The multiplayer online games based on virtual reality have been a trend from long ago. But now, the latest technology and advancements have brought fresh ideas into reality that were beyond imagination. Virtual reality in gaming offers an immersive gaming experience, and while paling the virtual games, users feel like functionality in the real world.
Real Estate: Through metaverse applications, now people can buy virtual land pieces in the city they want. Users can experience the real walkthrough of the virtual lands. The landowners can use the land piece the way they want and generate high revenue by purchasing and selling the owned properties to other users. This concept was recently applied in-game named as "Decentraland."
Entertainment: Entertainment industry is the next biggest and high revenue-generating industry that has enjoyed the perks of Metaverse. Whether the film industry or the newly launched NFT video streaming apps, everywhere you get to see the content based on virtual reality to engage the audience. For example, in horror movies, fictional and action movies, Metaverse offers an outstanding screen experience to the users.
Health Care: Virtual reality has brought a significant shift from physical check-ups to virtual ones. With AR/VR technology, doctors can deeply examine the patient's condition. The patients can consult doctors worldwide to diagnose them in real-time. The metaverse hospital can solve complex medical problems with the convenience of home.
There are enormous possibilities in the metaverse world; you can explore the one you think is the most suitable per your business demands and the sector you want to excel in. Different projects will have different functionalities in order to allow the users to carry out the operations conveniently. You can go ahead with the following ideas to enter into virtual reality.
The NFT based metaverse marketplace encourages the users to tokenize their NFT assets. And the list is not limited to certain things; anything from the real world like artwork, music, gaming assets, voice notes can be converted as NFTs. Our young and talented minds can help you launch a unique NFT minting website netting your needs and budget constraints.
Metaverse gaming platforms include gaming assets, avatars, gaming accessories, etc. The users can own virtual lands on Metaverse and trade them further to generate more revenue. The players will feel like doing business in real-world real estate. The gaming platforms have human beings like real. If you are interested in hopping into the Future with Metaverse, we are ready to help you anytime.
Now you have the idea about various scenarios where Metaverse can be applicable. So, there must be different requirements for each field for the features. So, we will discuss the basic essential features in common for all the metaverse projects. To launch a successful metaverse application in the most prominent areas following are the must-have features:
Interoperability- A metaverse project should be fully-fledged interoperable. The avatars can freely move into the different Metaverses just like people do in the real world. Similarly, services and features, storage, APIs, gaming assets, and other digital collectibles are fully interoperable.
Interactivity- Metaverse allows people to interact and communicate with each other and across the metaverses. People who live miles away can connect through social connections, global infrastructure, and other trails like the real world.
Persistence- The Metaverse should be persistent to ensure the continuous experience to the people like the real world; it cannot be paused or reset. Closing of the Metaverse like the traditional application is not acceptable. It should keep the users active in the Metaverse.
Following is the step-by-step development process for creating a metaverse world.
1. Choose a metaverse use case based on your business needs.
2. Design/Develop UI/UX of the project
3. Write the Smart contract code
4. Install the IPFS storage system
5. Create a DataBase for storing the information
6. Include the core functionalities
7. Testing and debugging
8. Beta-version release
9. Install the application on the client's server
10. Maintenance and upgrades
10. 24/7 technical support system
Metaverse can be crafted using the set of next-gen technologies to offer an enticing experience. Here we present the list of cutting edge technologies and tools to create a metaverse world:
The immutable properties of blockchain technology make it the first choice to launch a secure and fast platform based on the metaverse concept. The other top benefits of using blockchain technology are the decentralized environment, interoperability, and user governance, making it the best fit for the Metaverse.
From facial recognition to data classification, AI is everywhere in the digital world to provide better business strategies. AI enables better decision-making and planning for creating a metaverse. AI is applicable in two different scenarios when crafting a metaverse. Firstly, AI is used for the nonplayer characters to perform certain activities and conversations. Secondly, it is widely used for creating avatars in the Metaverse. Avatars can have different wearables, facial expressions, and a lot more. All this is possible with the use of AI.
VR technology plays a major role in bringing successful metaverse platforms. It can help build virtual environments that are possible to explore via gadgets like sensors, gloves, and VR headsets. Users can connect these smart gadgets to the PC to view the virtual environment cutting off from the real world. The VR technology gives you the real feeling of hearing interacting with people worldwide. If we present the examples of Metaverse created using VR, VR-based games are on the top list.
3D technologies can make natural-looking virtual places that are quite close to the real world. The 3D reconstruction, including the buildings, objects, locations, etc., allows reflecting the accurate 3D photo-realistic models. The 3D Metaverse offers an immersive user experience. Though the technology is quite expensive, the entrepreneurs are not backstepping to implement it as they know that it will generate a double return to them in the longer run.
At RisingMax, we have already delivered multiple metaverse worlds running successfully. Our developers' expertise allows them to deliver high-performing applications built on next-generation technologies. You will surely get countless options in the industry to start your project.
But collaborating with the right and leading Metaverse development company is the key to getting what you want at reasonable prices and on time. And when you team up with us, you can rest assured that everything will be managed professionally, and you will get the best with our efforts. So, stop thinking and take action to fulfill your dream. Give us a call!