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The Metaverse in Evolution

When Facebook rebranded to Meta in 2021, there was a surge in hype surrounding the metaverse. Many predicted this as a breakthrough signaling the future of the internet. Fast forward to 2023, and we see Meta repositioning a focus to AI. And with a lack of major breakthroughs in large scale virtual events inside a metaverse environment one could easily ask, is the metaverse dead?

Sep 19, 2023

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When Facebook rebranded to Meta in 2021, there was a surge in hype surrounding the metaverse. Many predicted this as a breakthrough signaling the future of the internet.

Fast forward to 2023, and we see Meta repositioning a focus to AI. And with a lack of major breakthroughs in large scale virtual events inside a metaverse environment one could easily ask, is the metaverse dead?

The simple answer is no. The metaverse has just gotten started.

History shows there is a consistent lag between the arrival of major new tech and mass scale adoption.

Remember not that long ago, many experts predicted the internet to be a buzzword that would not catch on. One quote stands out: 

The truth is no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works.

Can you imagine a world today without the internet? So what happened?

Over time, technology improved while costs dropped, easing entry and powering mass adoption. Broadband became more powerful, while hardware improved to the point where almost everyone carries their own fully portable computer in their pocket.

Additionally, creating a website used to require skilled coders and developers. Now the average consumer can create one in a matter of minutes.

Fueling this development was a surge of projects going through a stage of entrepreneurial trial and error. And for the last couple of years, we have seen some very public metaverse projects going through a similar phase of trial and error.

While Meta brought metaverse into the spotlight, their initial ideas were based around a kind of ‘’3D Facebook.’’ The current experience of many of these virtual worlds is that they are difficult to navigate, clunky and require huge amounts of data and computing power to run.

But the landscape is changing fast. Companies like NVIDIA - with their Ominverse - are powering a surge of corporate interest in the industrial metaverse - joined by giants such as BMW, Bentley, Pepsi-Co and General Motors.

Unreal Engine has been making leaps and bounds, working on their Verse language which they hope to become a metaverse standard building block. Multiple others including Roblox and Improbable are working to drive the interoperability between metaverses forward.

So where does Everdome stand on this? We believe it represents something truly transformative, and will change the digital experience in as profound a way as the evolution of web2.

We feel that the future lies not only in creating extraordinary experiences, but in making these experiences easy to use. And not just for web3 natives, but for the average person who prefers a more simplistic digital interface without complex crypto wallets or powerful hardware.

On the horizon for Everdome is what we call Metaverse-as-a-Service. A concept where we explore ways to drive further adoption of the metaverse, and make Everdome’s product more accessible to all.

Long live the Metaverse.

#TheJourneyHasBegun

metaverse, web3, development, AI, Internet, web2