In simple words, it means “beyond” or “after the universe”
OR
- The term metaverse refers to the concept of a persistent, online, 3D universe that puts together various virtual spaces
- The Metaverse has special functions that allow the user to socialize, game, meet, and work in the virtual spaces
- Metaverse majorly combination of AR, VR & blockchain
- All major giants are working on it – Meta, Microsoft, Apple, Google, and Epic games
Still no one is clear what the Metaverse will look like, since we don’t have one ready yet
Metaverse architecture
Metaverse marketplace
Metaverse Technologies
Blockchain & Cryptocurrency
Blockchain provides a decentralized environment and transparency to each and every transaction. It is responsible for the ownership, governance, interoperability, and high security. Cryptocurrencies are widely used inside the metaverse platform to get access to certain items and In the future, more people will thrive in the metaverse to get incentivized form cryptos
Augmented reality (AR) and Virtual Reality (VR)
Augmented Reality and Virtual Reality are the gateways for the metaverse but there are quite a lot of differences between these two. Augmented Reality lets users get exposure to the surroundings with interactive digital visuals whereas virtual reality is a kind of programmed virtual environment, users can access it via headphones and VR-powered glasses.
Artificial Intelligence (AI)
Artificial Intelligence (AI) is an emerging technology, that many programmers are working on it. It has the power to process the bulk volume of data and metaverse utilizes AI for non-players, that is some gaming elements that are part of metaverse gaming.
3D Reconstruction
3D Reconstruction is not nearly new stuff, it is used widely in the real estate industry and film industry. With the help of 3D cameras and photo-realistic models, one can render physical objects and locations in the 3D dimension to the metaverse space
Internet Of Things (IOT)
IOT in similar terms, it’s tech that connects every other thing in the real world with the internet. via one can send and receive messages automatically. IOT also uses machine language to collect data.
Road Map To Start A Metaverse
#1 Research, Dig Deep, and Pick Precisely
If you want to get into a business, specifically in the crypto space, you need to dig deep and analyze the market thoroughly. Take a unique business ideology and frame it with a user perspective, which is always key for a successful business. Here, we listed some of the businesses you can start in the metaverse
Business Possibilities in Metaverse
- Metaverse Gaming
Gaming is actually very popular right now. Axie Infinity and Second Life are some of the trending metaverse games built on Binance Smart Chain. Likewise, you can build your own gaming platform.
2. Social Media Platform
Build a high-tech interactive social media platform where people can interact with each other via avatars.
3. Metaverse Business Suit
You can create a metaverse business suit that is compatible with all other features like virtual meetings, virtual interactive working environment, etc,
4. Build a Business Compactable Metaverse Platform.
Many businesses like Clothing, hotels, and even banks have shifted their business to the metaverse. If you already run any kind of these businesses, you can swift your business towards it.
#2 Do A Complete Business Analysis
Do a complete business analysis with all other aspects like the current market, existing competitors, strong competitors, mission, vision, and scope of your business. Build your metaverse platform with the prospects of all this data.
#3 Decide Your Blockchain Network
Metaverse relies on decentralized ledger technology, blockchain for proper functioning. There are various blockchain networks and it’s your responsibility to choose the best blockchain that suits your metaverse development. Listed here are the best blockchain networks that you can utilize for the creation of the metaverse.
- Solana
- Polygon
- Tezos
- Ethereum
- Binance smart chain
- Hyperledger
- Fantom
- Avalanche
- Hecochain
- Btachain (bitcoin asset chain)
- Ethereum Classic
- Tron
#4 Choose a good Crypto Solutions Provider
Half of your job is already done if you choose the right service provider. Thus the market has a lot of service providers. Bitdeal, being the prominent Metaverse Development Company provides optimal metaverse solutions in all kinds of phrases. Being the dominant company in the industry, we are obliged to deliver and deploy the best to our clients
#5 Fix a UI/UX Design
UI/UX is the first thing that attracts users. Make sure that your platform has eye-catchy designs with user-friendly navigations. Select a theme that suits your business the best. You could hit better, if you go with the animation kind of design, thus you are building a Metaverse.
#6 Create Smart Contract
Create smart contracts with the functionality of NFT, ownership details, and the working of the platform.
#7 Development Phrase
Once done with business analysis, smart contract creation, and design. Then, you can go with the development phase. Listed below are the commonly used tech-stack for development phrases.
Tech – Stack
Java, Node js, Python, Angular for front and back end development. React native for App Development. MYSQL, Oracle Database, and SQL server are the widely used databases that are stored in Amazon S3. Express, Material UI, and Amplify are popular frameworks.
#8 Integration Of Technologies
Integration of Technologies involves integrating developed code with smart contracts and all other technologies like Augmented Reality, Virtual Reality, NFTs, Blockchain and Cryptocurrency, IOT, AI, etc,
#9 Testing
Test your metaverse platform completely. Take care of user platform responsibility, functionality, and other integrated features in the platform. Make sure to test all the phrases like integrated APIs, wallet connectivity, NFT ownership, etc,
#10 Do a Pilot launch
A pilot launch is a kind of launching a platform to a separate group of people to understand the functionality and working of the metaverse. It is much necessary when it comes to Metaverse.
#11 Organize the Bug Bounty Program
Organize the Bug Bounty program, Which is conducted to find and fix the bugs in the platform. Popular Crypto Exchange Binance, offer conducts a Bug bounty program and provides rewards to the tester, who find out the bugs in the platform.
#12 Took Unique Marketing Strategy
No matter what business you do. Unique Marketing Strategies will always lead you to a successful path. Make sure to build a skilled marketing team for your metaverse platform.
Use cases for Metaverse
- Immersive entertainment
- Business operations
- Improved education and training
- Enhanced customer experiences
- Work meetings
- Advertising, branding and marketing opportunities
- Digital locations
- New revenue streams
- A more connected work experience
- The yet-to-be imagined(MetaVerse has no limits)
Credits Google Jon Radoff and yes myself 🙂