Metaverse: Introduction to Metaverse

A recent forecast states that by 2030 the global business volume of the Metaverse will reach the level of 13 trillion dollars.

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Around five billion people in the world will be buying, selling, exchanging, trading and many other transactions in the immersive environment of Metaverse.

Isn’t it amazing that a technology that hasn’t even fully evolved yet will become a phenomenon in years to come?

Technology has always surprised us. A man living in the Stone Age would never have thought about artificial intelligence, quantum computing, nuclear energy, virtual reality and augmented reality, which have become the reality of the present day. Although technological revolutions and developments are often anticipated decades in advance, it is difficult to predict at that time just how it will all play out. The idea of ​​Augmented Reality and Virtual Reality existed as early as 1838, but the technology needed to make it a reality did not have the graphics and computing that we have today.

Similarly, the idea of ​​the Metaverse was proposed in the late 1970s but until then was only a concept of the Internet’s successor, its next generation or evolution.

By the early 1980s, many technologists had already envisioned a better future or possible alternative to the Internet. Speculations at the time suggested that the Metaverse would revolutionize the digital and physical worlds alike, extending to all related services. The Metaverse, it is hoped, will transform the way digital and physical services significantly impact cultural, social, economic and political aspects of life; and make it a profitable invention in fields like sports and communication.

Although most speculations about the Metaverse still seem ridiculous today, large and wealthy technology giants from around the world, such as Epic Games and Facebook, have taken a special interest in it, which means that we as An optimist can wait. In fact, various components of the Metaverse are already becoming a reality and have been implemented in games like Roblox, Fortnite, and Animal Crossing, a remarkable step toward a reality that seems decades away. [also read the next article]