The concept of a unified metaverse, a seamless realm of interconnected 3D online environments that cooperate regardless of their creators, was first introduced in the Metaverse concept. However, current trends in the tech industry suggest that the future may be marked by a multitude of fragmented digital domains, each offering its unique shard of the metaverse experience. Different businesses have distinct visions for the metaverse, but they all understand the significance of owning platforms. Owning a technology platform, exemplified by Apple's iPhone, Tencent's WeChat, and Meta's Facebook, grants the power to charge for its use.
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Experts anticipate a similar fate for the Metaverse. Since last year, when Mark Zuckerberg, a prominent advocate, staked his massive social network's future on it, the metaverse has captured widespread attention. He has portrayed it as a multi-company realm built on open standards, resembling Neal Stephenson's 1992 novel "Snow Crash," which envisioned a single digital universe where people communicate, battle, admire the surroundings, and evaluate each other's avatars. In practice, the metaverse, while hyped, may evolve into a fragmented and disjointed concept.
Imagine the inconvenience of logging in while wearing a cumbersome helmet to navigate the existing internet with its array of services, each with distinct logins, currencies, contact lists, avatars, and item inventories.
In a broader sense, the metaverse encompasses 3D environments accessible through virtual reality (VR) and augmented reality (AR), where people can partake in entirely digital experiences. Equipped with the right gear, users can immerse themselves in video games, attend virtual parties as extravagant avatars, shop for clothing, enhance workouts, or receive location-based advertisements and directions.
The metaverse may already exist in various forms within video games, online chat rooms, and virtual real estate platforms. Proponents argue that the metaverse can provide a more immersive and lifelike experience.
In Meta's view, the metaverse will encompass a wide array of activities, including work conferences, virtual table tennis, and online education. It is envisioned to be built on a shared foundation, as Mark Zuckerberg indicated when Facebook was renamed Meta, symbolizing their commitment to this new digital universe.
Zuckerberg envisions navigating the metaverse to be as simple as clicking a hyperlink on the internet, with an open and accessible standard. Full interoperability is crucial for realizing the metaverse's full potential, enabling users to avoid repurchasing items, such as games, for different devices. Advocates of the metaverse plan to utilize nonfungible tokens (NFTs) to establish ownership of unique digital assets, such as Nike shoes, on blockchain technology, similar to cryptocurrencies.
The idea of a unified Metaverse foundation, though ambitious, is not without precedent. Co-developed standards facilitate data transfer, email forwarding, and website delivery. Major tech firms benefit from collaborative open-source projects, but many prominent tech platforms feature proprietary designs controlled by a single company, leading to a world of walled gardens that extends beyond open standards.
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