Since Facebook’s rebranding to Meta and announcement about launching the virtual metaverse in 2021, everyone has been curious about the upcoming digital universe. Even some of the biggest tech giants like Microsoft, Apple, Google, and Nike are already developing their own versions of the digital world.
Gaining maximum insight into the metaverse and its applications can help businesses, entrepreneurs, and professionals to streamline their operations accordingly. Therefore, it is of utmost importance for you to keep your ear to the ground and stay updated on the latest trends in the metaverse.
In this post, you are going to learn about the top 10 megatrends in the metaverse that you must follow in 2023. So, without further ado, let us dive right in to explore these trends.
10 Megatrends in the Metaverse in 2023
If you want to stay on top of the metaverse development, you need to look out for the following ten megatrends in 2023.
#1 – A Controllable Universe
As the metaverse is all about the virtual world with the decentralized autonomous organization (DAO), it will give users increased control over the data. This means you will be able to create a tailored metaverse experience based on your needs.
Most importantly, you will enjoy 100% ownership of your data. You will be able to sell or trade your data to the companies—no more manipulation of your data by tech giants.
#2 – AR and VR Gaming
The gaming industry is one of the most centric areas for metaverse development, with a promise to offer a virtual and most immersive gaming experience within the metaverse. 3D technology will be an integral part of the metaverse. This makes the need for augmented reality (AR) and virtual reality (VR) equipment and accessories a compulsory component to access the metaverse.
While the metaverse has not launched officially, several virtual worlds are already appearing on the horizon. For instance, a Hong-Kong based gaming platform known as The Sandbox has already introduced its futuristic metaverse game.
In this virtual world, you can create your avatars, govern the land, and create as you progress. You can even exchange ideas and host events within The Sandbox. In order to make in-game purchases within this digital verse, you will need native crypto coins known as SAND. This native cryptocurrency is Ethereum-based.
You can convert your traditional fiat currency into crypto coins to purchase assets in the form of NFTs. You can also buy, sell or exchange NFTs with other gamers. If you are an avid gamer looking for an immersive metaverse experience with digital simulation, you need to check out the Sandbox.
#3 – Big Data Science
Metaverse will be dealing with an unfathomable amount of data. The virtual world will also mine data and act in real time to capture and handle the data.
The metaverse includes distributed technology known as the blockchain. This allows the digital verse to capture users’ data and create a customized experience in real time. If you want to learn how the metaverse will work, learn about big data and data science to gain valuable knowledge.
#4 – Cloud for Metaverse
With Web 3.0 as the foundation, the metaverse will be completely virtual. Therefore, all data and Internet activity will leverage cloud computing. The cloud-based services will ensure that the users get a seamless experience.
In the first quarter of 2022, tech giant NVIDIA launched its own cloud computing platform known as Omniverse Cloud. This suit gives designers, creators, developers, and artists unlimited access to 3D design, simulation, and collaboration environments.
#5 – Events in the Metaverse
Online virtual events are another area of interest for metaverse developers. Millions of users have already participated in metaverse events such as Fortnight concerts. Furthermore, industry pundits are predicting the metaverse events to be a multi-billion-dollar industry in the coming year.
After all, the metaverse is not just about social networking or playing games. The Digi-verse promises to transform how human society leads life, including live entertainment. This means instead of queueing up to get into a concert or an event, you will be able to attend any event worldwide. All you will need is an ultra-fast internet connection and a VR/AR headset.
The tickets to metaverse events will be available as NFTs that you will be able to buy using native crypto coins of the metaverse hosting the event or concert.
#6 – Metaverse Art Libraries and Galleries
As several metaverses start appearing on the horizon, virtual art galleries and libraries will become a common sight. The artists, brands, and content creators will be able to exhibit and sell their products and services.
The artwork showcased in the metaverse galleries and libraries will be sold as NFTs. This will allow the users to experience a sensational and immersive environment.
#7 – Metaverse Avatars
One of the biggest metaverse megatrends you must look out for in 2023 is the avatars. The metaverse avatars are going to be more sophisticated as they will be your digital representation in the metaverse. You can get a metaverse avatar in 2D avatars and more photorealistic forms with a life-like appearance within the virtual world.
#8 – Motion Tracking
Metaverse will bridge the gap between the physical and virtual worlds. Thanks to the motion tracking feature that is evolving rapidly. Eventually, the technology will reach a point where you will be unable to differentiate the real world from the virtual one.
The motion tracking will allow you to use the natural space around you to move into the virtual world. Microsoft Oculus VR is already available in the market that uses the area around you to simulate the virtual world for you to move in.
#9 – The Three-Dimensional Digital Twin Tech
The 3D digital twin is another megatrend for 2023. This technology will transform how businesses operate. Furthermore, the technology will also evolve the user experience, interaction, and navigation in the metaverse.
The technology behind 3D digital twins will develop immersive virtual space with accurate dimensional models of buildings and other structures. On the other hand, customers will be able to twin technology to try products and checkout prototypes before the actual product launches.
#10 – The Non-Fungible Tokens
Presently, it is quite common and easy for people to create perfect replicas of digital files and artwork. However, the metaverse is a blockchain-based virtual universe which makes it impossible for anyone to replicate the digital assets, artworks, and files. These blockchain-based assets are known as non-fungible tokens (NFTs).
Therefore, owning an NFT in the metaverse will make you the owner of a one-of-a-kind asset in the digital world that no one else will hold in the world.
The Takeaway
Metaverse is a relatively new technology, and the exact launch date is unknown to the world. However, smaller metaverse-based projects, such as metaverse games, appear gradually. Whether a developer or a business interested in metaverse development, you must gain as much knowledge about the technology as possible.
The above-mentioned metaverse megatrends are the most important ones you must keep an eye on in 2023. If you need help building metaverse solutions for your business, feel free to speak to our metaverse development studio in the UK, USA, and Canada.
