The Metaverse: 7 Technologies That Will Make It A Reality

The metaverse is the next step in the internet’s evolution, and it will likely come into existence in the next 5 to 10 years. It combines physical, augmented, and virtual reality in a shared online space.

The metaverse is a 4D version of our current internet, and it can be thought of as an internet that you’re inside of rather than one that you’re merely looking at.

The metaverse will be a decentralized ecosystem built over time by many different companies using various technologies. It would need a critical mass of interconnected technologies, including the following:

Virtual Reality

This is an experience that simulates lifelike situations. Real-life use cases include gaming, social networking, education, and on-the-job training.

Unity’s CEO, John Riccitiello, predicts AR-VR Headsets Will Be as Common as Game Consoles by 2030.

And according to ARK Invest, VR headsets could reach smartphone adoption rates by 2030.

By then, accessories such as full-body haptic suits and VR gloves will likely become widespread.

There are already multiple platforms that allow you to connect with other VR users:

• Facebook Horizon lets you explore virtual worlds where you can connect with people across the globe, participate in fun challenges, and even create your virtual worlds.
• Facebook Workroom is a collaboration experience that lets people come together to work in the same virtual room, regardless of physical distance.
• VRChat offers an endless collection of social VR experiences created by a community of 25,000 people.
• You can use AltspaceVR to attend live shows, meetups, classes, and more with people worldwide.

Currently, the most notable VR headsets include the Oculus Quest 2, HTC Vive Cosmos, Sony Playstation VR, and Valve Index.

According to Grand View Research, the global virtual reality market will grow from $22 billion in 2021 to $67 billion in 2028.

Artificial Intelligence

This will benefit the metaverse in numerous ways, as stated by Eric Elliott in this Medium article:

• Realistic-looking, intelligent AI beings can wander the metaverse and interact with us and each other. They could be programmed with their life stories, motivations, and objectives. Depending on the type of virtual world they’re in, we could participate in pre-planned scenarios with these characters or create our own designs. Unreal Engine’s MetaHuman Creator could play a significant part in making these characters. And if these characters can exhibit general artificial intelligence, the results can be striking and surreal.
• AI can help us streamline the creation of metaverse assets such as characters, landscapes, buildings, character routines, and more. We may see a future where advanced AI capabilities are integrated with game engines Unreal Engine to make this possible.
• AI can automate software development processes so that we can build increasingly more complex assets within the metaverse with less and less effort.
• AI can create, audit, and secure smart contracts on the blockchain. Smart contracts allow trusted transactions and agreements to be carried out without a central authority or legal system.

According to Grand View Research, the artificial intelligence market will grow from $94 billion in 2021 to $998 billion in 2028

Augmented Reality

This is an experience where designers enhance parts of users’ physical world with computer-generated input.

Eventually, AR contact lenses and glasses could be used to augment the world around us and facilitate virtual assistance with the help of sophisticated artificial intelligence. This AI would help us navigate in both the natural world and the virtual world.

Currently, the Microsoft HoloLens and the Magic Leap One are the most notable augmented and mixed-reality headsets on the market. They’re primarily used for enterprise purposes, but as their prices decrease, we’ll see more AR headsets sold to the general public.

According to Grand View Research, the augmented reality market will grow from $27 billion in 2021 to $340 billion in 2028. That’s a massive 13 times increase in AR adoption, which will make a metaverse emerge sooner rather than later.

Blockchain Technology

In a decentralized metaverse, blockchain technology would be an ideal currency for facilitating quick and secure digital transactions.

Even though blockchain technology came into existence with Bitcoin, blockchain has a far-reaching potential outside of cryptocurrency. Blockchain is a shared database that allows multiple parties to access and verify data in real time.

According to Grand View Research, the global blockchain technology market will grow from $6 billion in 2021 to $395 billion in 2028—a whopping 65 times increase.

Brain-Computer Interfaces

Brain-computer interfaces allow us to control our avatars, various objects, and digital transactions with our brain signals. This technology is expected to gain a foothold in the video game and workforce productivity markets.

This technology will play a minor part in the early years of the metaverse. However, by the mid-2030s, some early adopters might begin using brain-computer interfaces to connect to their neocortexes, according to Ray Kurzweil.

Several companies are already developing brain-computer interfaces. Neuralink, NextMind, and Neurable are among the most notable companies.

The global brain-computer interface market is projected to grow from 1.4 billion in 2020 to 3.7 billion in 2027.

Internet Infrastructure

In this section, I’ll cover wireless technologies and Web 3.0.

5G and 6G

The metaverse would require high internet speeds, high bandwidth, and low latency, especially when a user enters a vast virtual world with highly detailed textures and unbelievably high polygon counts.

5G enables hugely high frequencies at the Millimeter-wave spectrum, which opens up possibilities like VR experiences that include the sense of touch and AR experiences that let visitors have in-depth conversations with AI characters in real time.

Eventually, 6G will replace 5G. 6G isn’t a functional technology, but several countries have already launched research initiatives. Some experts estimate that it could be 100 times faster than 5G, which equates to 1 TB per second. At that speed, you could download 142 hours of Netflix movies in one second.

According to a white paper by NTT DOCOMO, 6G would make it possible for cyberspace to support human thought and action in real time through wearable devices and micro-devices mounted on the human body. Sensory interfaces would feel and look just like real life.

Web 3.0

With Web 1.0, content creators were scarce, with the vast majority of users simply acting as consumers of content.

For the most part, we’re currently in the Web 2.0 era. Web 2.0 brought us the” ‘Web as a Platform,’ where software applications are built on the Web instead of just desktop computers. This enabled masses of users to participate in content creation on social networks, blogs, sharing sites, and more. However, Web 2.0 greatly empowers centralized tech giants and enables surveillance and exploitive advertising.

One of Web 3.0’s primary advantages is its ability to enable a decentralized blockchain protocol, allowing individuals to connect to an internet where they can own and be compensated appropriately for their time and data. This is more advantageous than a web where giant, centralized companies own the lion’s share of the Web and can siphon large percentages of the profits.

Additionally, according to Rajarsji Mitra at Blockgeeks.com, it’s expected that Web 3.0 will allow computers to understand the semantics or meanings of sentences to generate, share, and connect content through search and analysis. Thanks to semantic metadata, Web 3.0 will help facilitate more excellent connectivity between data sources. As a result, the user experience evolves to another level of connectivity that leverages all the available information on the internet.

Mobile Device Processors

For augmented reality to appeal to the mainstream public, we need augmented reality to work on normal-looking glasses. This would require small, super-fast mobile processors that can be fitted on normal-looking glasses.

VR devices will also need fast mobile processors to handle hyper-realistic graphics, low latency, high refresh rates, high frames per second, etc.

As processors require more cores and components, we may also see the introduction of optical elements that would work in conjunction with traditional silicon components. This could result in a 100 times increase in data transfer speeds.

Lightmatter is a startup founded at MIT, working on a chip that works using light.

What are technology trends?

Technology trends refer to the prevailing developments, innovations, and advancements in the world of technology. These trends often shape the direction of industries, businesses, and society, influencing how we interact, work, and live.

Why are technology trends significant?

Following technology trends is crucial for individuals and businesses because it allows them to stay competitive and relevant in a rapidly evolving digital landscape. By keeping abreast of emerging technologies, one can make informed decisions about adopting new tools, improving processes, and leveraging growth opportunities.

How do you keep up with technology trends?

You can stay updated with technology trends by following reputable news sources, subscribing to industry newsletters, attending conferences and webinars, participating in online communities, and engaging in continuous learning and skill development.

What are the tech trends in 2024 – 2025?

The most important technology trends of 2024 are:

• Artificial intelligence (AI): AI is becoming increasingly sophisticated and used in various applications, from healthcare to customer service to manufacturing.
• Machine learning (ML): ML is a subset of AI that allows computers to learn from data without being explicitly programmed. ML is used in various applications, such as fraud detection, recommendation engines, and self-driving cars.
• Blockchain is a distributed ledger technology that allows for secure and transparent transactions. Blockchain is used in various applications, such as financial services, supply chain management, and voting.
• 5G: 5G is the next generation of cellular network technology. 5G offers significantly faster speeds and lower latency than 4G, making it ideal for applications such as augmented reality, virtual reality, and self-driving cars.
• The Internet of Things (IoT) refers to the network of physical devices connected to the internet. The IoT is snowballing and used in various applications, such as smart homes, smart cities, and industrial automation.

• What are the risks of chatbots?

  The dangers of AI chatbot technology can also pose a more direct cybersecurity threat to people and businesses. One of the most prolific forms of cyberattacks is phishing and vishing scams. These involve cyber attackers imitating trusted organizations such as banks or government bodies.

  What are the trends for chatbots in 2024?

  Chatbots are becoming a standard business solution
  Another important AI trend for 2023 is that chatbots are becoming a standard solution for businesses of all sizes. As the technology has matured, it’s become more accessible to smaller businesses and more accepted (and wanted!) by customers.

  What are the future predictions of chatbots?

  According to Reports on the Chatbot market, the global chatbot industry is expected to reach 2.5 billion by 2025. As machine learning algorithms and natural language processing continue to improve, chatbots are expected to become even more sophisticated and powerful

  What is a Level 3 chatbot?

  Level 3: Contextualized / proactive chatbotHighly conversational interface and context-aware chatbots can leverage user preference and other types of data such as usage and previous conversations in order to bring better services and simplify the user experience.

  How do you keep up with technology trends?

  You can stay updated with technology trends by following reputable news sources, subscribing to industry newsletters, attending conferences and webinars, participating in online communities, and engaging in continuous learning and skill development.

  What is the future of AI 2024?

  In 2024, AI will create real human change. When leveraged correctly, AI can help save time, streamline processes, efficiently access organizational knowledge, and provide masterful insights.

 

What will trend in 2025?

The Impact of Virtual Reality

More personal than ever before, virtual reality comes out ahead every time. By 2025, virtual reality will take the lead in marketing trends. Customers will enjoy an incredibly emotional experience as they shop for product brands with colorful, engaging advertising.