What is the Metaverse virtual super universe that makes the whole technology world go crazy?

Metaverse is making the whole tech world stand still.

Metaverse is a virtual universe, or digital universe, created by the convergence of virtual reality (AV) and augmented reality (AR), which includes the sum of all virtual worlds, augmented reality and the Internet. Metaverse is a compound word of Meta – meaning Transcendental, and Verse, short for Universe – meaning Universe. The term is often used to describe the concept of a future iteration of the Internet, made up of continuous 3D virtual spaces, shared and linked together into a transcendent virtual universe that can perceivable as a real world.

The name Metaverse was first coined by writer Neil Stephenson in the popular science fiction novel Snow Crash published in 1992, where people represented by Avatar can interact with each other. Stephenson used the term to describe a virtual reality-based legacy device for the Internet. In Snow Crash, the Metaverse is described as a new world that can rewrite social norms and value systems and break free from cultural and economic rigidity.

Metaverse is a virtual universe, or digital universe, created by the convergence of virtual reality (AV) and augmented reality (AR), which includes the sum of all virtual worlds, augmented reality and the Internet. Metaverse is a combination of the word Meta – meaning Beyond (Beyond) and Verse, which stands for Universe – meaning Universe. The term is often used to describe the concept of a future iteration of the Internet, made up of continuous 3D virtual spaces that are shared and linked together into a perceptible virtual universe. consciousness as a real world.

The name Metaverse was first coined by writer Neil Stephenson in the popular science fiction novel Snow Crash published in 1992, where people represented by Avatar can interact with each other. Stephenson used the term to describe a virtual reality-based legacy device for the Internet. In Snow Crash, the Metaverse is described as a new world that can rewrite social norms and value systems and break free from cultural and economic rigidity.

Some of the features of Metaverse include:

Sustainability: The ability to maintain and continuously improve services or ecosystems within them.

– Immersion: The level of realism of the Metaverse (this feature answers the question of how much our experience in Metaverse achieves compared to reality).

– Openness: Openness, which means that Metaverse allows participants to connect or disconnect at any time. At the same time it must be an open space that allows creativity to become limitless.

Economic System: An economic system parallel to reality. In it, participants can transfer their assets between the real world and the Metaverse easily, as well as being able to rely on groundbreaking innovative innovations in the metaverse to accumulate and increase assets. for yourself.

With a huge vision that is to create a parallel world with the current world of Metaverse, you can imagine how big this market will be.

Currently, the data I have collected shows that the total volume of assets globally at the end of 2020 is up to $418,300B. Therefore, overall, this is a very huge market and there is still a lot of growth opportunities in the future.

However, this is a very long view into the future, so what are the current figures? For the Metaverse industry, according to research from LD Capital, it will include 2 main components:

: Consists of the hardware equipment manufacturing industry (chips, electronic components, augmented reality devices, …) is the infrastructure to enhance the experience for Metaverse.

: All the platforms (mainly games) that help us immerse ourselves in the Metaverse. In this segment, we can also mention social networks or sharing platforms like Youtube, Tiktok, etc., but with a true Metaverse, I think these platforms will integrate directly with the game.

According to research I gathered from The Business Research Company, in 2020, this industry globally is worth about $862B with a compound annual growth rate of up to 9.4%.

the industry is currently worth about $170B.

Thus, although the Metaverse has not really developed in its true form, the things that exist today are worth up to trillions of dollars. Not to mention that when augmented reality products are widely available, this will be the foundation for the Metaverse Gaming market to grow even stronger.

In addition, with Metaverse’s “Beyond Universe” vision, it is very likely that in the future all real-life assets will be brought to Metaverse to create a true parallel world (and even surpass it). on top of it).

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