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Gitumani Talukdar
Jan 7, 2022
by Gitumani Talukdar

Will 2022 Be the Biggest Year for the Metaverse So Far?

Metaverse Year 2022
Metaverse is one of the advancements that can bring us together into the digital world. Meta, Facebook's parent business, highlighted that it is working to properly construct the metaverse, which is essentially a network of interconnected virtual communities that will combine the online and offline presence. 2022 is likely to be the most significant year for 'the metaverse,' with tech firms including Facebook parent Meta, Microsoft, Google, and Apple all due to release new hardware and software package services.

Overview of Metaverse 

The term 'metaverse' refers to a software and hardware package that allows users to play or add virtual 3D spaces, as well as draw data from the internet and combine it with the world in real-time. For the time being, the metaverse can only be accessed through a smartphone, but backers predict that it will someday be accessible through advanced video games or virtual or augmented reality headsets.

Big tech firms are betting that devices that transport their users into new or imagined worlds will open up the biggest new software market since Apple released the touchscreen smartphone in 2007. If the metaverse fails, everyone with a smartphone will likely own a pair of computer glasses or a virtual reality headset in a few years.

Metaverse with Crypto

Because of the metaverse's lengthy history with virtual reality, many VR firms have been operating for several years on what we now refer to as the 'metaverse.' VRChat and AltspaceVR, are two of the most popular VR platforms for business and social engagement. This year, two major technology companies – Facebook (now Meta) and Microsoft – have made significant investments in the metaverse's future by including it in their immediate roadmaps.

2D to 3D Advancements

Mark Zuckerberg declared a name change to 'Meta' in October 2021, indicating Facebook Inc.'s desire to guide the metaverse's transition. The word relates to virtual and augmented reality possibilities. In an increasingly virtual environment, users may connect, socialize, explore, and create content, and use blockchain technology and cryptocurrency to monetize their virtual transactions.

Companies invest research and development money in prototypes and foundational technology, preparing for a virtual war once their product is released.

Forthcoming Meta Platform Announcements

  • The Oculus virtual reality app, which was required to utilize the Quest 2 headset, was the most popular software in Apple's US App Store during Christmas. This year, Meta hopes to release another VR headset, under the name of Project Cambria, as part of its company. Meta claims that it will also include facial and eye tracking, making the gadget more attentive to human commands.

  • Apple’s latest iPhones come with measuring device sensors that can detect how far away an object is. ARkit is a program included in recent iPhones and iPads that allows developers to create apps that use the iPhone sensors for precise area mapping and localization.

  • There are signs that Google is getting serious about AR headphones once more. New AR headsets have been created since the advent of Google Glass, with more subtle displays, stronger sensors, and more powerful CPUs compatible with metaverse. 

  • In 2016, Microsoft was the first major tech corporation to release the HoloLens, a fully-featured AR headset. However, its current product is still far behind the device that clients can accept regularly. Microsoft is putting a lot of money into cloud services in the hopes of being the glue for virtual worlds in 2022. Mesh was introduced by the business in March 2022. Mesh works in a similar way to a video decision, but only with a 3D image.

  • We already know that Sony's successor to the PlayStation VR headset from 2016 will be released in 2022. It will be compatible with the PlayStation 5. This time, Sony's ability to manipulate the PS5's graphics engine may allow it to steer the ship, pitching immersive gambling experiences that would be difficult to replicate on other hardware.

  • Keep an eye on Qualcomm as well. Although the company's processors are used in most existing VR and AR headsets, the company's work on combining smart glasses and phones may be the predictor of how future headsets will operate. Qualcomm's already covers a wide range of existing headsets: The Nreal Light and Lenovo ThinkReality A3 glasses. 

  • HTC, a long-time VR gear manufacturer, has been experimenting with the HTC Vive Flow, a smaller pair of phone-connected VR glasses that also uses Qualcomm chips. It remains to be seen whether these smaller, extra phone-connected devices operate as advertised.

    • Metaverse, according to Zuckerberg, is a 'successor to mobile internet.' He defined it as a digital space that allows people to do things they couldn't do in the physical world.

    "You will be able to transport immediately as an exposure to be at the job without a commute, at a performance with pals, or in your parents' front room to catch up," he stated. "You'll navigate between various experiences on very different devices," he continued, "augmented reality glasses to stay gift within the actual world, video games to be completely immersed, and phones and laptops to hop in from existing platforms."

    The metaverse will not be established by one corporation, a strategic community effort is necessary for it. Moreover, it will be designed by creators and developers who will create new experiences and digital objects that are useful. Many companies will ride the metaverse wave in 2022 by producing experiences – both hardware and software systems – that will bring people closer to a shared digital life.

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    Will 2022 Be the Biggest Year for the Metaverse So Far?
    Gitumani Talukdar
    Gitumani is a blockchain enthusiast as she keeps a tab on the recent happenings pertaining to the crypto industry. She aims to provide quality content in blockchain and crypto domain. She is a financial content writer too and has worked on several financial projects related to the stock market news, fundamental research, and technical analysis for several websites.