The metaverse is moving fast in terms of hype and the volume of new projects being launched – so much so that the industry market size is expected to grow from $100.27 billion in 2022 to $1,527.55 billion by 2029. But how many of these new projects even remotely are able to achieve Actual vision laid?
We still have a long way to go before we see a true reversal
Many of the launched metaverse projects are in the gaming world. However, more often than not, these projects simply consist of standard gaming features along with virtual reality and NFTs. A true metaverse, meaning a digital universe parallel to our analog world, a simulated digital reality in which participants can engage in diverse social, economic, recreational and artistic activities in a variety of self-organized gatherings and environments, is not yet to be realized.
Achieving this full vision requires ease of transporting users, the many fragments of the highly diverse metaverse, and simple user building of new places and spaces – a vision we are still developing technology for.
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One of the underappreciated facts about the Metaverse is that it basically needs an AI that is woven into its core in order to provide an enduring value proposition to the user. Mark Zuckerberg clearly understands this, but the majority of crypto entrants into space are less AI-oriented. But how exactly will AI improve the Metaverse?
Solve the problem of “Metaverse” that suffers from underpopulation
Competition among developers will lead to early users access to sparsely populated worlds – a problem that AI can tackle.
Metaverse presents a great opportunity for new and existing technology companies to expand their offerings, and generate new revenue streams. There are over 160 companies currently operating on their own worlds – each vying to be the leading provider of metaverses. It is unlikely that we will have “one provider to rule them all”, but instead we will have a large variety of options available to us, each with their own unique offerings.
The advantage of this is a more diverse environment for end users, who will be able to choose from a variety of experiences. The downside is that with so many platforms vying for customer attention and offering so many different experiences, many platforms will be sparsely populated in their early days. Since interacting with the metaverse is a social experience in nature, this presents a major problem.
Non-AI powered characters can be of great help in solving the problem of a sparsely populated metaverse. Being one of the first few users in a new world can be exciting for a while – but if there’s no one to interact with and no one does interesting things, it will age quickly. A community of AI characters who build, talk, play music, make art, and sell and buy can turn the Metaversal Ghost Town into a radiant epicenter of digital activity.
The result of this will be countless dynamic worlds, which will inspire more people to join the Metaverse – eventually reaching a point where non-player characters (NPCs) will be a bonus rather than a necessity.
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Guide users through the Metaverse
With a number of tech companies working on their metavers, users will not only demand the ability to choose who they want to interact with, but also the ability to seamlessly move between each individual metaverse. This is where the blockchain will be an essential tool. Blockchain technology makes it possible to easily transfer ownership between all the small, manageable pieces of data that make up the blockchain network – the fragments. The advantage of this technology will allow users to switch between each unique metaverse easily. However, moving between worlds presents another problem: users will require an introduction to each new world they enter.
It is predicted that by 2026, 25% of people will use the Metaverse daily. From first-time users dipping their toes who need a comprehensive introduction, to navigating technical realms, everyone will need to be guided through every new metaverse they spend time in.
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With so many people crossing into different worlds, it would be impossible for humans to manage the number of necessary introductions. The most efficient way to familiarize users with all the metaverse would be through the use of AI proof. The guides will be able to explain all the information required for an individual world to the user, ensuring the best user experience.
Building a real digital world
Perhaps the most important benefit that AI will bring to the Metaverse is world-building. AI providers will be able to use switch neural networks (the processing power behind the AI), token neural AI (an AI technology with advanced learning capabilities) and related technologies