There has been tremendous hype about Metaverse in the past few years. Virtual reality, or VR, is creating a buzz in the world of digitalization. Developing an immersive virtual reality platform helps uplift various parts of the online world. Gaming happens to be one of the online world’s prominent parts impacted by VR. It changes gaming into a three-dimensional platform with the help of VR software that offers special effects for the users to play in a real-world setting.
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Understanding Metaverse and Its Types
A Metaverse is nothing but a network of 3D virtual platforms or worlds based on virtual reality. It is focused on social connection. In terms of futurism and science fiction, Metaverse is a hypothetical restatement of the Internet as a single, universal virtual world facilitated by the use of VR and AR headsets.
There are two types of Metaverse that we come across.
It provides in-depth user engagements and the use of internet services controlled by a single authority. In this case, users’ personal data is revealed and remains under the control of that particular authorized entity. The complete control over the Metaverse platform remains with the authorized entity that specifies its operations.
Decentralized Metaverse refers to an open ecosystem devoid of any central or single authority that has complete control. Blockchain technology has played a significant role in the evolution of the decentralized Metaverse. Here it helps regulate the aspects of interoperability, governance, digital collectability of assets in the form of NFTs, digital proof of ownership, and value transfer through crypto. Decentralized Metaverse provides users with several interoperable virtual platforms. With the help of these platforms, users transcend into the digital world with different augmented reality devices for an immersive experience. Blockchain enhances the security of the Metaverse with the help of a distributed ledger system and smart contracts.
Gaming in Metaverse
Gaming is one of the major sectors that use Metaverse to offer a next-generation gaming experience to the users. They can engage in a way that they had never done before in a competitive gaming world. Moreover, they can have an immersive experience that enhances the overall gaming experience.
The intention of Metaverse is to captivate users and provide them with an outstanding experience. Instead of only a two-dimensional experience, Metaverse helps provide the next-level three-dimensional environment where the interaction among users and in-built gaming elements are more personal.
Metaverse is undoubtedly a very good way to generate augmented reality while working with games, live game streaming, play-to-earn gaming with NFTs minting & trading, value exchange with crypto, etc., including an extensive connection with the overall world. Let us analyze a bit more about the characteristics of gaming in Metaverse.
Metaverse is inseparably social. It is a feature that sets Metaverse apart from the traditional virtual reality experience. Multiplayer gaming will certainly have a new dimension with players allowed to invite friends from the real world, develop relationships, connect with other players, and many more.
These games-as platforms offer a superior gaming experience to users and come with much more flexibility. Here, users can very easily connect to the virtual world, develop sub-games within a game, craft their own content, and are able to consider the gaming environment as a platform-like space for a number of other activities.
Mixed Reality Experience
Metaverse appropriately combines augmented reality and mixed reality to offer a more organic experience. Gaming in the Metaverse allows the incorporation of mixed reality, where the gamers move from just group text in augmented reality to a mixed reality board game to a full-fledged world of virtual reality in a seamless flow of work.
Portable Game Assets
Metaverse’s interoperable architecture can permit asset portability. Hence, enhancements of avatars and weapons acquired in any one game have the possibility of being portable to a different environment, and NFT rules would be in control of preserving ownership.
Play To Earn
Play-to-earn happens to be one of the vital elements of gaming in the Metaverse. In addition to following linear storytelling and rules, the players are also able to engage in various profitable activities like selling the assets they have won in the game to other users in exchange for crypto.
Notable Players in the Metaverse Gaming Industry
Metaverse is still in its early stages, yet it has attracted a considerable volume of investments from different gaming companies, tech giants, and others. With the increasing popularity of Metaverse in the gaming industry, it can be rightly ascertained that Metaverse is the future of gaming. Let us now check out a few eminent players of the Metaverse gaming industry.
Decentraland happens to be among the first players in the industry to precisely try and build a Metaverse. It is blockchain-based and open to all social gaming Metaverse where the players can play to earn. It is suitable for playing a variety of games such as blackjack, poker, slots, and roulette. Users can play and earn tokens on the platform.
Decentraland has a three-dimensional virtual reality platform with a cryptocurrency based on Ethereum, measurable real estate, and discrete spaces for multiplayer gaming. The company is looking forward to expanding its gameplay capabilities, for which they have already invested in a company named Decentral Games.
Sandbox is a Metaverse-native virtual ecosystem or simply a video game. In the space, the players can play, build, own, control a virtual space, and monetize their gaming skills on the Ethereum blockchain through the utility token of the platform known as SAND. The economy of Sandbox is based on NFT assets and user-generated crypto. It partners with different brands worldwide to deliver unique as well as enriching experiences to the users.
Sandbox’s vision is to offer an immersive and interactive Metaverse where users are able to create a wide array of virtual in-game objects and buildings interoperably without the need for any centralized authority. Presently, Sandbox has more than 20,000 NFTs that users can buy and incorporate into the virtual reality world.
Meta, formerly Facebook, is comparatively a new entrant in the Metaverse world, yet it has a quite impressive track record of innovation in the field of virtual reality. Facebook created a sturdy experiential world revolving around its Oculus family of products. These innovative creations will certainly continue to enhance the company’s vision for Metaverse.
It is a very popular decentralized gaming Metaverse. Axie Infinity comes with a range of interesting avatars known as Axis, which the players can own as pets. The players’ focus is to breed, battle, raise, gather, and create kingdoms for their pets. The platform comes with an economy driven by the players where they can solely buy, own, sell, and trade the available gaming resources they earned during the game. Axie happens to be quite an interesting game featuring a social network and opportunities for earning.
It is best known for Fortnite, a virtual reality game and an event destination blended into one. With the increasing popularity of Fortnite, artists from different parts of the globe have delivered concerts with the help of the Metaverse-like potential of the game. Epic Games has recently announced its investment plan of 1 billion dollars to create its own Metaverse focused on gaming.
Metaverse certainly has the potential to bring about a revolution in the way we connect with technology for different purposes such as gaming, jobs, trading, game streaming, regulating legal processes, video conferencing, and many more. With Metaverse, players get the chance to compete in a completely immersive environment.
Metaverse possesses the potential to strengthen relationships and connections by bringing back a few of the human factors into those 2D virtual interactions for people working remotely and for the firms looking forward to investing in remote options for their employees. It is undoubtedly a step forward and might come up even before we realize the power of Metaverse to boost virtual reality. The future of Metaverse in gaming looks quite promising. So, let us wait and see what the future has in store.