The buzz for Metaverse is real! We can hear this word a lot around us. Now, here we will tell you about the metaverse platforms you should watch in 2023.
Metaverse has been around for a long time, but the current buzz of the Metaverse has been on a shoot! Due to the current advancements in the Metaverse, such as Blockchain, VR, and 5G networks, its access has become very easy. AR and VR have greatly increased the popularity of Metaverse platforms.
Metaverse has been the talk of the town. It has attracted a lot of buzz, and due to this, the metaverse platforms have also benefitted a lot.
Here, we will discuss everything about Metaverse and the Metaverse platforms.
What is Metaverse?
Metaverse is a virtual world that is based on blockchain, where people can interact, work, shop, and play. The users can enter this virtual world using VR and explore the customized immersive using “avatars”.
Metaverse is a virtual world that provides the experience of the real world. You can feel the experience in this world.
Nowadays, many concerts, weddings, shopping, and many more things happen on the Metaverse. Now, this has made things very easy for people.
Why Focus on Metaverse in 2023?
The Metaverse is set to become a dominant force in the digital environment in 2023 and the upcoming years. We are expecting huge growth during the upcoming years. As per the blockchain council, the market of Metaverse was around 61.8 billion dollars in 2022 and is expected to reach around USD 427 billion by 2027, which means an expansion of CAGR of around 47%.
There are many reasons for the growth of the Metaverse, especially the increasing popularity of VR and online gaming.
Blockchain is used to construct the decentralized and secure digital ecosystems necessary for the operation of Metaverse.
Blockchain technology designs digital assets that can be bought, sold, and exchanged within the Metaverse. And due to this, producers, artists, and developers created new ways to monetize their Metaverse materials and services.
Metaverse Platforms to Look for in 2023
Here is our list of top Metaverse platforms you must look for in 2023.
With NFTs on the Ethereum blockchain, the sandbox Metaverse platform allows users to create and monetize their own virtual worlds & experiences.
People can buy, sell, and exchange virtual goods and properties. securely and transparently without the need for a central authority.
The platform provides a unique set of tools to help users to design and customize their virtual worlds, experiences, and games.
The platform has a large community of creators & developers that are into
creating and testing new applications for the platform. It is one of the most popular Metaverse platforms currently.
It is a well-known gaming platform, the leader in developing Metaverse gaming experiences.
With Roblox, users can design and share their own games & experiences.
The platform was made by the Roblox Corporation in 2006; you can find it on various platforms like PC, mobile, and gaming consoles. It is one of the best in the current Metaverse platforms.
3. NVIDIA Omniverse
NVIDIA developed the virtual reality and simulation technology known as NVIDIA Omniverse. It is an industry leader in artificial intelligence and computer graphics.
By offering a collaborative and immersive environment for users to create and model their projects, Omniverse is intended to bring together multiple industries, such as cinema, gaming, product design, and architecture.
The platform utilizes the power of NVIDIA’s hardware & software technologies like ray tracing and AI.
In order to make it simple for users to develop and customize their own virtual worlds and experiences, NVIDIA also provides a wide range of tools and functionalities.
The platform has a huge community of developers & creators who build and experience new ways of using the platform. We can consider it one of the best Metaverse platforms.
4. Microsoft Mesh
Microsoft mesh is next on the Metaverse platforms list. Microsoft created a platform that allows users to work together in a collaborative reality across several platforms and places.
Microsoft Mesh’s capability to connect various platforms and devices, including cell phones, and Desktops is one of its key characteristics.
5. Meta Horizon Worlds
Meta is one of the largest proponents of using the Metaverse in emerging markets. This is why the platform is well-known worldwide.
The platform wants to give users an engaging online experience.
The platform uses blockchain technology to build a safe and open virtual environment.
Users can purchase, sell, and own both real and virtual assets in this environment. In this communal virtual space, communication with others is also possible. The platform is based on the Ethereum blockchain and features a sizable and expanding developer and creator community.
6. Google Starline
Before we talk about this platform, let us tell you that the platform is not yet available for commercial use.
The platform enables real-time, 3D communication between people in different locations. For this purpose, the platform makes use of computer vision, machine learning, and spatial audio to create a shared and immersive experience. This will make it feel like people are in the same space.
The technology is based on combining cameras, mics, and displays. It is designed for use in a specialized booth equipped with these components.
We have to wait for the company’s announcement regarding the release date.
The platform is a VR platform that uses blockchain technology to design a decentralized & immersive online world. The platform allows people to create and monetize their own content. One can purchase and sell virtual real estate and assets as NFTs through the MANA cryptocurrency.
The platform was opened in February 2020, and it uses the Ethereum blockchain. It allows secure and transparent transactions within the virtual world.
It is a virtual world platform that allows users to purchase, sell, and own virtual land using cryptocurrency. The platform is built on the Ethereum blockchain and has a large and growing community of creators and developers.
A grid of parcels that can each be bought and held by an individual or organization makes up the virtual environment. Then, users can construct and produce their own virtual experiences, such as games, art installations, and social places, using these parcels.
9. Unity Technologies
By unity technologies platforms, the developers can use the unity engine to develop Metaverse experiences.
In a deal worth more than $1.6 billion, Unity purchased Weta Digital in November 2021. Unity hopes to hasten the development of real-time 3D technologies and their implementation in the Metaverse through this acquisition and Weta’s emphasis on VFX tools.
Also Read: Metaverse Trends 2023: What to Look Out For This Year & Beyond
10. Epic Games
This platform is known for creating popular games like Fortnite and Unreal Engine. The company plans to mark its presence in the Metaverse space. It helps create a social and gaming platform that will help to connect players.
To build a Metaverse platform that would enable users to connect, socialize, and play games in a shared virtual area, Epic Games wants to take advantage of its expertise in game production, sizable player base, and successful business model.
1. Why Are Metaverse Platforms Becoming Popular?
Many different Metaverse platforms are becoming popular because they offer users a unique and immersive experience that is not possible in the physical world. They also provide opportunities for businesses to engage with customers in new ways.
2. What Should I Look for in a Metaverse Platform?
When evaluating Metaverse platforms, you should consider factors such as user experience, community engagement, developer tools, and business opportunities.
3. Is It Possible to Make Money Through Metaverse Platforms?
Yes, it is definitely possible to make money through the Metaverse platforms. The Metaverses have virtual economies where users can buy, sell and trade for virtual goods & services.
4. How Can Businesses Use Metaverse Platforms?
Businesses can use the biggest Metaverse platforms to engage with customers, sell virtual goods and services, and conduct marketing campaigns. They can also use the platforms to host virtual events, such as conferences and product launches.
5. What Are Some Future Trends in the Metaverse Industry?
Future trends in the Metaverse industry may include increased integration with blockchain technology, improved virtual reality experiences, and the emergence of new social and economic structures within virtual worlds.
We will conclude this blog by saying that the buzz for Metaverse is real! You should definitely focus on Metaverse in 2023 and beyond. Metaverse platforms will be very useful if you want to take advantage of Metaverse. We have mentioned the best Metaverse platforms, which you should keep an eye on in 2023!
More from The Techconcord
- What is Non-Fungible Token (NFT) & How it Works?
- Metaverse and Web3: What’s the Difference & Predictions
- OpenAI Introduces Chatgpt Plus at $20 a Month
- What Is Artificial Intelligence (AI)? Advantage & Disadvantages
- What Is Deep Learning & How Does It Work? A Complete Guide
For more information regarding the latest technology, follow Techconcord.