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So, What Exactly is the Metaverse?

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What is the metaverse? Is it a virtual world? Another type of XR or just a sci-fi idea? We spend a lot of our time talking about and looking at the current state of (and the possibilities of) the metaverse, and sometimes we forget that not everybody is as familiar with the concept as we are, so we decided to give a little introduction to the idea of the metaverse, to help people understand a little bit more about the future of technology.

Looking to the Future

Talking about the metaverse today holds many similarities to how people talked about the internet in the 80s. People were excited about this new idea, talked a lot about the possibilities and speculated on how it would look or what it would do, but very few understood what it actually was. But it turned out to be one of the greatest advancements in the history of the world.

With the metaverse tipped to become a market worth $800 billion by the year 2024, and with plenty of tech giants like Apple, Google and Microsoft already investing (Facebook are so heavily into it, they’ve changed their name to Meta!), it seems that history may be repeating itself.

The word “metaverse” originally came from a 1992 sci-fi novel, Snow Crash. In the book, author Neal Stephenson referred to the metaverse as an all-encompassing digital world existing in parallel to the real world. Today’s concept of the metaverse might not turn out to be so different.

But, what is the Metaverse?

The metaverse can be looked at as a 3D version of the internet and computing. Broadly speaking, the technologies that companies refer to when they speak about the metaverse includes virtual reality and augmented reality. But you aren’t restricted only to accessing those spaces through the use of VR and AR. We already have virtual worlds like Fortnite and Roblox that define themselves as metaverses and can be entered through PCs, consoles, and even mobile phones.

Tech giants like Microsoft and Meta are working on tech to facilitate interacting with metaverses – virtual worlds- but they’re not the only ones. Plenty of other companies, large and small, are building the infrastructure to create better virtual worlds that replicate our environments.

One of our areas of interest and one of great potential is the possibility of making the metaverse a place where you can create, buy, and sell commodities; an environment where people can become creators and investors in virtual goods and be fairly compensated for what it is they have to offer, whether it be art, clothes, cars, or anything else.

Metaverse is the Future

In a simple manner of speaking, the metaverse can be described as a network of 3D virtual worlds with a focus on social connection and interaction.

For our part, we aim to be the leading destination to discover and purchase virtual goods for the metaverse. From slippers to spaceships, you can have it all!

Given the projections, the metaverse is tipped to be a major player in growing the digital economy, which is the primary growth of the world economy at present.

The metaverse is seen as the future of entertainment, fashion, gaming, and education, so it’s best to be prepared!

Founded in 2018, ARize is an industry leader in the 3D and AR industries. With an ethos of putting the power into the hands of the creators, their vision is revolutionising e-commerce, blockchain technologies and metaverse spaces. ARize is on a mission to bring 3D and AR capabilities to everyone, supercharging the visual experience it brings.

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