Metaverse is emerging as the new marketplace, as mega-corporations are investing in it. The metaverse is a universe consisting of different worlds in 3D space that you can explore with an avatar. In India, the popularity of the metaverse is increasing, and many big technology companies are seeing it as a potential investment.
The metaverse has the potential to change the technology market in a new direction. Therefore, learning about new metaverse trends can provide a significant advantage and knowledge. In this article, we will explore the four main trends of the metaverse, and how they are going to affect the market. Let’s get started.
AR and VR in Gaming:
The virtual gaming industry is growing rapidly and involves various technologies. Recently, 3D technologies such as AR, VR, and sonic systems are revolutionizing the global gaming market. The market for AR and VR is increasing exponentially, and according to the International Data Corporation (IDC), in 2021, the market increased by 60.8%.
In the gaming world, the concept of 3D gaming is gaining a lot of recognition. As a result, a Hong Kong-based futuristic gaming platform, the Sandbox, has developed a decentralized world where users can create their personalized avatars, innovate, govern the land, host events, and exchange ideas. Furthermore, the Sandbox even has its own in-game Ethereum utility token, SAND, which users can use for buying or selling digital assets.
3D Digital Twin Technology:
Another interactive trend that is transforming businesses is 3D Digital Twin tech. The twin technologies have changed the way of operating business, customer experience, and interaction. You can create an immersive 3D virtual and dimensionally accurate model of any building by using 3D Digital Twin technology.
Therefore, businesses operating in real estate can create 3D replicas of physical locations, and customers can check out these locations from the comfort of their homes. Moreover, customers can try out clothes virtually and check out new shops before opening with 3D digital twin technology. Furthermore, the customers can check whether the new furniture will fit or not.
Cryptocurrencies and NFT Projects:
Today, many people are willing to invest in cryptocurrencies and NFTs. People can replicate perfect copies of digital entities. They can reproduce any text file or image5 identical to the source. However, NFTs are non-fungible tokens and are one-of-a-kind digital items. Moreover, NFTs are connected to the blockchain as a unique entity.
Furthermore, many crypto projects involve the use of NFTs. For instance, Decentraland is a 3D virtual world where users can buy or sell land in NFTs. Moreover, in Axie Infinity, one can convert their animals into unique NFTs to sell or cultivate them.
The Complexity of Metaverse Avatars:
The avatars that you use to explore the metaverse are becoming more sophisticated. Presently, avatars come in different shapes and appearances. From 2D to photorealistic forms, you name it. Some of the avatars are so realistic that they appear like real humans.
Furthermore, more companies are working on creating avatars that are advanced and look more realistic. In no time, you will get enough choices for your avatar. Moreover, mega-companies like Microsoft focus on creating avatars that fit the business environment by using AI technology. With applications such as Zepeto and OSUVOX, you can create an avatar and import it into different worlds of the metaverse.
The metaverse is a bridge that fills the gap between the virtual and the real world. As the world is becoming more technology-centric, investment in the metaverse is increasing. Many mega-organizations are seeing the metaverse as a potential market. Therefore, new trends are emerging in the metaverse.
The metaverse is becoming very popular in gaming, marketing and investment. A couple of years ago, who would have thought we would live in a virtual world? But now, it has become a reality. Thus, these were the four main trends of the metaverse that will bring technology change. We hope that you liked our article and enjoyed it. If there is anything that you would like to add, tell us in the comments. Sayonara!!!