The Metaverse at a Glance

Canadian Metaverse

3 Metaverse Terms to Know

As we work to develop the virtual real estate, venues, and events that make the metaverse, we can’t help but be aware that we’re working in a whole new space with entirely new concepts and experiences. Ask two people what the metaverse is, and you’re likely to get two entirely different answers. 

According to Meta (formerly Facebook), the metaverse is “the next evolution of social connection,” and Meta CEO Mark Zuckerberg has called it “the successor to the mobile internet.” XR Today gives a slightly more helpful definition, calling the metaverse “a simulated digital environment that uses augmented reality (AR), virtual reality (VR), and blockchain, along with concepts from social media, to create spaces for rich user interaction mimicking the real world.” But you get the idea. In the tech world, we’re all working to build something new. It’s not really surprising that we don’t have a fully fleshed-out definition yet.

Even without a universally agreed upon definition for the metaverse, there are a few terms you’ll hear and read as you explore this new virtual space. Let’s discuss some essential vocabulary.

Artificial Intelligence and Machine Learning

Artificial intelligence might be more accurately described as machine learning or natural language processing (NLP). Basically, this is the process by which developers are building algorithms to advance technology that would typically require human reasoning and understanding. Software that adapts and “learns” your behaviors and preferences is using AI and machine learning to create a more streamlined user experience. 

Augmented Reality, Virtual Reality, and Mixed Reality

The concept of virtual reality has been around for decades, but it’s taken on a few different forms. Today, virtual reality refers to a 3D virtual environment that users can interact with through specific hardware, like goggles or haptic gloves. Augmented reality is similar, but instead of immersing the user in a virtual world, augmented reality superimposes an image or video over your view of the physical world. You can experience augmented reality with specially designed glasses, visors, goggles, or with the camera on your smartphone. 

Mixed reality takes augmented reality a step farther by merging the physical world with a virtual experience. Basically, with an augmented reality experience, you can view a virtual overlay on the physical world, but mixed reality allows you a higher level of interaction with the virtual and physical elements of the experience. These technologies, applied to the three-dimensional aspects of the metaverse, will work together to make Web3 a truly immersive and interactive experience.

Decentralization

Decentralization is a key element of the metaverse. Essentially, it’s the concept and application of moving control and ownership away from centralized “authorities.” Whether we’re talking about corporations, governments, or even individuals, in the metaverse, gaming and _____ are distributed over a large network, and users gain a significantly greater amount of control over their virtual assets.

These are just a few of the core concepts and technologies that we often discuss when we talk about the metaverse and the future of virtual spaces. As AI advances, we’ll see more immersive virtual reality and mixed reality events and venues. With decentralization, developers and users will continue to build new games, work spaces, and entertainment venues that will take the virtual world to the next level. At TerraZero, we’re excited to be a part of that world, from the beginning.

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