The metaverse will be buzzing in 2022

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Following the growing interest in major tech companies such as Microsoft, Meta (formerly Facebook) and Nvidia, Metavers expects to get more headlines in 2022. Leaders from a variety of industries, including blockchain, gaming, arts, retail, fashion, healthcare and more – are digging deeper to understand the immersive world of Metavers and how to position themselves as key players in emerging ecosystems.

Last month, Gartner listed Metavers as one of the five most influential technologies out of a list of 23 emerging trends and technologies in its Emerging Technology and Trends Impact Radar for 2022. , The two technologies on which Metavers relies, are projected to reach $ 72.8 billion in 2024 – up from $ 12 billion in 2020.

According to Gary Grossman, senior VP of technology practice at Edelman and global lead at the Edelman AI Center of Excellence, the Metavers concept has wide potential. Grossman noted that AI, VR, AR, 5G and blockchain metavors could be converted to power – adding that the sum would be much higher than the parts of those convergences. In the words of Mark Zuckerberg, CEO of Meta, companies continue to search in Metawars to take advantage of what is known as the next version of the Internet or the next best thing of a functional teleportation device. What will the Metawors ecosystem look like this year? Let’s take a closer look.

Metavers is buzzing

First, let’s talk about buzz. Metavers became a buzzword last year, especially on the heels of Meta’s announcement to create a 3D social environment connected to its Oculus headsets as the company’s main direction. But what exactly are metavars? While there has been a lot of talk about the future of Metavers and Web 3.0, there are sure to be more discussions this year as we look forward to more events like the upcoming Metavers Summit 2022.

“Really, What is the metaverse?” Said Metavers would effectively be the digital twin of the universe.

White described the video game Warcraft – a widely multiplayer online role-playing game (MMORPG) – as a good example of metavers, citing its persistent nature, independent paradigm, independence and interoperability as evidence. Expanding on White’s revelations, Gartner defines metavers as “continuous and immersive digital environments of independent, yet interconnected networks that will use a yet-defined protocol for communication. Intersects the world with real-time, spatially oriented and indexed content. “

Metavers will provide an opportunity to see our virtual presence as a fulfillment of the physical. In Metawars, instead of physically attending conferences, you can be there in the virtual world. Instead of learning history from a book, you can witness it as if it were a part of real-time events.

Decentralized vs. Central War

Decentralized vs. The central battle is heating up as organizations are in the race for leadership in Metawars. Some decentralized projects claim that big tech giants like meta will pose a threat to open / decentralized metavars, where users have an opinion on how the platform is run. While the growing interest of big tech companies has skyrocketed Metavers hype, many decentralized Metavers like The Sandbox, Decentralland, Wilder World, Starlink and others have been creating various Metavers projects for a long time.

The blockchain analytics firm, IntoTheBlock, noted in a report that closed / centered metavars are subject to some of the inherent limitations of Web 2.0 mode. In addition, they are expected to result in opaque and less secure networks where the value created does not accrue to its users, as would be the case with platforms built on decentralized blockchain like Ethereum.

However, other experts say that multiple Metavers platforms will come together in the future to create a converged environment that is considered “true Metavers”.

Top Metawares to see in 2022

While there are many Metavers projects – including Trevers, Cryptotanx, Metahero and others – investors are looking at these three Metavers based on their market cap, compelling innovations and founders.

1. Sandbox

Sandboxes are decentralized metavores reminiscent of Minecraft built on Ethereum, where users can purchase land as nonfungien tokens (NFTs) that they can customize and monetize. Multiple lands can be purchased to create estates and districts.

Some big names, including Balcony and Board App Yacht Club, have already begun building on the sandbox. American rapper Snoop Dogg recently replicated his mansion in The Sandbox and plans to host a live performance in the digital mansion.

The token associated with The Sandbox is the SAND, and with a market cap of 4.5 billion, as well as the recent launch of their limited-time, play-to-earn alpha on November 29th, is one of the metavores that investors could look forward to in 2022.

2. Decentland

Decentralland is a meteorite built on Etherium, and it is reminiscent of The Sims or Second Life. The token associated with Decentraland is MANA, and is used to facilitate in-game purchases.

According to Decentrland, users can purchase an NFT plot called LAND, which is 33 × 33 virtual feet. Merging plots of land will create an estate, and multiple landowners with similar interests can form a single district. Landlords may also rent out their space for special events and concerts. By far, the most expensive land estate had sold for 2.3 million.

With a market cap of approximately 6 5.6 billion, Decentralland will be at the center of the Metawars debate in 2022.

3. Wilder World

Wilder World is a newer metaver than The Sandbox and Decentland. Ethereum is a metavars based on Wilder World photorealism, built on Unreal Engine 5 and its sister company ZERO.tech. Wilder World’s team includes veteran 5D artists – including founder Frank Wilder and Chad Knight who were formerly at Nike – who help create excellent in-game graphics for Wilder World’s metavars.

The first city built in Wilder World Metawares is #Wiami, a 1 to 1 replica of the city of Miami. Like Miami in real life, Wilder World says that #Wiami is ready to be the crypto hub of the Metawars. Wilder World is powered by Token $ WILD, which can be used to purchase NFTs such as wilder.kicks, wilder.wheels and wilder.cribs. The value of NFTs does not depend solely on aesthetics. NFT owners can use their item in-game or acquire a stake in their NFT to win more prizes.

Many big names in various industries, including former NBA player Baron Davis, entrepreneur Anthony “Pomp” Pompliano and WeinerNFT, have already started shop in #Wiami.

Wilder World currently has a fraction of the market cap of The Sandbox and Decentland, making it an excellent investment opportunity for investors, according to Wilder.

Other top metavars to keep an eye on include Axie Infinity, Enjin and Meta – all of which provide exciting future estimates for metavars.

What’s next for Metavers?

In a Forbes article, Vmark Panchenko, CEO and founder of DeMarket, stated that future meteors would include:

  • Ubiquitous networking
  • Blockchain with NFTs
  • Extended Reality (XR) with VR and AR.
  • Another new technology

Pachenko also added that Metavers would become ubiquitous with multiple cross-chain possibilities. Semiconductor chip manufacturing company Intel notes that Metavers will require 1,000 times more computing power than is currently available.

Raja Koduri, senior vice president of Intel, wrote: “Really consistent and immersive computing, on a scale and accessible in real time by billions of people, will require even more: a 1,000-fold increase in computational efficiency from today’s situation.

Although it is still in its early days, the Metavers conversation will become even stronger in 2022 as organizations will inevitably continue on the path to embracing the digital future. While 2022 may not be the year when Metavers will boom on a large scale, it is positioned as a solid start to the impending boom. As Grossman put it in his article, “Whether it takes three years or 10, there is a huge momentum behind Metawors, with seemingly unlimited funding.”

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