Metaverse: A potential key to unlocking a profound gaming experience

Posted by Mrudula Karmarkar on September 30th, 2022

There are rarely days that go by when we aren't reminded of technology's potential to alter the course of history, a thought that is sometimes unsettling but more frequently enlightening. As we witnessed during the pandemic, technology has the ability to radically alter entire societies, whether it be through the rapid development of life-saving vaccine programs or the swift adoption of new working, banking, shopping, communicating, and entertainment practices. The Metaverse is evolving fast to create whole new worlds. But for the Metaverse to be open, accessible, beneficial to everyone, and more likely to unite than divide, we must employ the very human lessons from the epidemic to guide its creation.

The democratization must be put in place for the Metaverse to integrate itself into our daily lives. Meta-equipment will unavoidably become more broadly available in terms of accessibility on all fronts—financially, physically, and socially. A few Indian dating apps and jewelry firms have recently begun testing their product and service offerings in the Metaverse, in addition to gaming platforms. The market intrigued by the virtual world will grow as use cases for the Metaverse develop. For instance, Meta has introduced fitness apps to its gaming platform and is looking for ways to render the Metaverse experience accessible to non-gamers. You'll still need a headset for your workout, so this may not initially seem like a significant demographic shift, but it is.

With each passing day, Metaverse is reaching new heights of evolution and applications. The next major thing that will transform how we perceive the digital world is already commonplace technology. Metaverse complements cutting-edge technologies like Blockchain, IoT, and 3D visualization by generating an immersive visual experience. Although Metaverse is available to everyone and is being widely adopted by other industries, the gaming sector is making strides in capitalizing on its advantages. Players who had previously been interested in other online game genres, such as multiplayer games, are now opting for Metaverse.

But why are games in the Metaverse receiving so much attention? Can it take the place of the current game formats?

To uncover the answers, let's talk about Metaverse, the overall dynamics of the gaming market, and how Metaverse drives next-generation gaming.

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What is Metaverse?

Metaverse is a virtual world created to bring together users from around the globe to interact and socialize with others. To design powerful versions of Metaverse, businesses use technologies such as 3D reconstruction, augmented reality, virtual reality, IoT, artificial intelligence, and Blockchain. Metaverse is persistent. This means that even after a player has finished using the gaming platform for a session, it remains available for other users as well. By offering a virtual environment for the digital imitation of our real world, Metaverse can thrill gamers.

When playing games on the Metaverse platform, players can interact with things that are quite similar to physical reality. For instance, they can communicate with other players, exchange or trade virtual goods, and even touch virtual objects using haptic gloves and jackets. It should be noted that in-game objects in the Metaverse games have a monetary value. It implies that players can make money by reselling their digital goods using NFTs in the Metaverse.

Gaming before Metaverse                                             

The gaming industry is booming and the global gaming market was worth 202.64 billion in 2021, expanding at a CAGR of 10.2% from 2022 to 2030, according to a recent Grand View Research, Inc. report. Games like Pictionary have been quite popular and have a simple premise. However, the gameplay is only the beginning in a virtual world. Fans started transforming their drawings into artwork and the cafés into galleries soon after developer Rec Room published 3D Charades in 2016 for mobile devices. 

The expanding user base of online games has encouraged the market players to emphasize improving hardware & software efficiency and compatibility. The invention of 5G technology has resolved online issues like gaming lag and has improved the streaming experience. The emergence of multiplayer games, massively multiplayer online (MMO), and Free2Play (F2P) have set a tone for the development of gaming in the Metaverse during the coming years.  

Gaming in Metaverse

In a broad sense, Metaverse is virtual reality, which is distinguished by the incessant existence of a simulated world even when you're not actively participating in the 'game,' like Fortnite. It can also encompass augmented reality, which effectively blends elements of the digital and physical worlds, like in the well-known game "Pokemon Go." The Metaverse is an idea for an interconnected, 3D universe made up of several virtual locations. The "next internet" is a common description of it. In these highly controlled 3D environments, members of the Metaverse ecosystem will be able to network, collaborate, arrange meetings or plan group outings, play games, and socialize.

The creators of Metaverse games primarily use cutting-edge technologies such as AI and blockchain to design an immersive gaming experience. AR morphs the physical world to develop a virtual world using graphical elements and characters. It is compatible with smartphones and other digital devices to facilitate on-the-go immersive experiences. Blockchain decentralizes online gaming platforms to ensure legitimate ownership, digital collectability, transfer of value, and interoperability. The internet of things (IoT) acts as a bridge between the Metaverse and real-world devices. 3D reconstruction generates an accurate 3D image of real objects. All these technologies bring the virtual and real worlds closer than ever before.

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The Metaverse can be decentralized or centralized, but gaming companies have prioritized the development of decentralized projects. Stay around to visualize how this 3D universe works. 

• The players can create their characters with unique avatars, the digital representation of their identities.  In the Metaverse, these avatars live just like people do in the physical world
• Games in the Metaverse use the play-to-earn model, which enables players to win digital prizes and then sell them in exchange for money in the real world
• In order to play the games together, participants can collaborate, invite their social network connections, and engage in player interaction in the Metaverse
• Players have a more lifelike or organic experience because of the technologies like AR and VR used in Metaverse
• The interoperability of the Metaverse's gaming platforms allows user to transport their virtual goods between spaces with little to no downtime

In Conclusion

Despite Metaverse being in its every stage of development, many market players have already introduced next-generation gaming platforms. Sandbox, Axie Infinity, Epic Games, and Decentraland are examples of futuristic ventures, and tech giants like Facebook and Microsoft are coming with their unique Metaverse projects. Undoubtedly, we are likely to experience the power of Metaverse and how it can revolutionize the gaming space in the future.