Metaverse: an Open and Destined Future

  • Metaverse is redefining the technology world.
  • Metaverse sweeps all respects of life and is widely recognized as the next stage in Internet’s evolution.
  • Web 3.0 as well as traditional industries all rush to come up with metaverse master plans.

The Next-gen HCI

Second Life, launched in 2003, marks the birth of the first metaverse. This epoch-making program allows people to have a second life on a 3D multimedia platform, where they’ll never run out of places to explore and people to meet. Besides Second Life, early projects also include Active Worlds, The Palace, as well as some popular games, such as Habbo Hotel, WoW, Minecraft, Fortnite, VRChat, and Roblox — the game-creation platform.

In an interview with Wired, Second Life creator Philip Rosedale described the metaverse as a three-dimensional Internet that is populated with live people, which accords with us. We believe that the metaverse is more than a virtual social network. It feels more real and meets human needs for next-stage communication. A similar social model can also be seen in many non-metaverse MMO games. Besides, 3D technology is one of the several keys to realistic experiences in virtual worlds. Metaverse will change the human-computer interaction (HCI). More importantly, the metaverse is a social web that inhabits a bunch of live people, rather than a mere tool just like a dull computer. It transcends all other communication channels, such as the Internet, with faster, next-generation interactions among humans as well as humans and things.

Metaverse marches on

In 2019, Facebook launched its VR social platform Facebook Horizon. Two years later, Facebook CEO Mark Zuckerberg revealed the company’s new name Meta, which works to develop metaverse technologies. Its official website writes,

“The metaverse is the next evolution of social connection. Our company’s vision is to help bring the universe to life, so we are changing our name to reflect our commitment to this future”.

Google, Roblox, Tencent, and other companies have also raced to lay out their vision for the metaverse. Microsoft has acquired AltspaceVR, while Microsoft Teams users can also join a virtual meeting as customized 3D virtual avatars, etc. on Meta Portal. Metaverse fever is on the rise. In recent years, as the physical world collides with the virtual one, the Internet is naturally reborn. As the world segregated by the pandemic desperately calls for online work and life, the metaverse arrives right on the scene. This 3D virtual space is universally recognized as a paradise for gold-diggers to invest and innovate.

Traditional companies, however, lag far behind Web 3.0 metaverse projects when it comes to metaverse blueprint. Among these projects is the prestigious Sandbox, boasting a floor price of 1.6ETH and a trading volume of 150, 000 ETH. Many top projects and traditional industry leaders have bought LANDs in Sandbox. Also, there is the rapidly scaling Decentraland, with its floor price hitting 2.2ETH and its trading volume surging to 171, 000 ETH in only half a year since its launch. We can say that Web 3.0 is where the metaverse is headed as well as a foundation for the metaverse to build upon.

A massive inflow of funds from traditional enterprises and constant traffic increase all predict a far more populated blue ocean. As metaverse is dragged into the third major iteration of the Internet by Web 3.0, it will also define a restructured social system.

Whether it is in metaverse or Web 3.0, data privacy, addictions, and security always remain prominent concerns, as long as online activities are involved. Only profound reforms will help us tackle these deep-rooted woes. The reforms are required in all respects, including productive forces, relations of production, social, political, and economic forms, etc. Such that, metaverse carries its strategic significance far beyond Web 3.0 projects, as a game or a virtual space, but is widely recognized as the next stage in Internet’s evolution.

The Destined Future

We believe that human society will be mirrored and reconstructed in the metaverse. With all of our work, life, and leisure shifted to this space, we can live the life we aspire to, be the person we want to be, build the world we dream for, and even create new forms of civilization. This marks a giant leap from physical realities to virtual experiences for human society. As these virtual elements pioneer their way into our daily life, the world will become a place which no single institution or person may manipulate or shut down, and where asset ownership will never be tampered with or deprived of. Blockchain is just one of the many driving forces that have been picked out. The utmost goal is for the whole world to migrate towards the virtual space, where everyone follows suit whether it is an individual, a group, or an enterprise.

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