Regarding technology, can you guess the primary term for taking all the rounds on the internet? Well, that’s what we call the Metaverse.
Metaverse is a fantastic combination of mixed, augmented, and virtual reality. You can access the browser or headset and have real-time interactions, even from a distance. In the future, you can indulge in tasks such as work and business, connect with friends, and attend functions through digital space!
Many companies have started investing in this future technology, too! To make this world a “metaverse,” these are the top 10 companies in the race to create the next generation of the internet.
Apple is a well-known company for creating Meta, as they are making an HMD or head-mounted system that will be useful for virtual meeting apps. This is a real-time experience in the virtual world, as Apple will incorporate the arm and hand gestures into the virtual world in the virtual sessions.
Snapchat is the company that has invested the most in the Metaverse. They have already started creating the metaverse concept as they have created the 3D human avatar lenses and 3D Bitmoji. We can also change clothes and looks as we like, thus spreading the development of the Metaverse. The company is leading in the creation of AR and XR.
Roblox is a massive community of creators, allowing them to socialize with other people by creating their world or within the 24 million events and worlds. With the Metaverse, creators can make a world that feels like the real world. So, somewhere, people may enjoy the DJ, or you may play poker with your friends. Roblox created $1.9 billion in revenue in 2021, which increases yearly.
Niantic is the owner of Pokémon Go, the most successful augmented reality game of all time, and has around 80 million active users every month. It had $1.21 billion in revenue as of 2021. It recently launched Niantic Lightship, which is a developer platform. This platform helps developers do more augmented reality content with the world outside. Niantic raised $300 million to create the Metaverse or virtual world.
Nvidia produces the technology for laptops and PC gaming consoles and is the world’s largest GPU developing company. This company took the initiative to spread out the free copies of a valuable program for developing metaverse assets known as Omniverse. Omniverse costs corporate around $9000 annually as an annual subscription before rolling out a free license for artists and creators. This company helps to develop virtual worlds and products for the Metaverse by allowing content creators.
Google has already invested millions in the future of augmented and virtual reality, mixed reality, and 3D content in the cloud. On asking Sundar Pichai, the CEO of Alphabet, he said that the company wants to follow the trend. Metaverse will help computers become more immersive. Google has invested around $39.5 million into a fund that will go directly to the metaverse project. So there is a possibility that the Google glasses, released in 2014, may be brought back in 2022!
Microsoft is among the top 10 companies that have held metaverse patents over the past five years. Microsoft has also created the HoloLens, a mixed reality headset used by the US army and enterprise clients. So Microsoft is also the owner of Mojang studios, the creators of Minecraft, the most popular virtual game among children and young teenagers. Minecraft can be said to be an existing virtual world, which can be an excellent example of the qualities of a metaverse.
Unity is one of the most famous and significant 3D engines used for game development and in virtual and augmented reality. This engine has the most extensive plan for the Metaverse. The sector which can be considered the essential factor for the Metaverse is gaming. According to the 2021 report, 61% of games are typically built on the Unity 3D engine. They assist and establish connections with all devices, applications, and games linked to the Metaverse. Recently, Unity made a $1.6 billion acquisition of Weta Digital. This allows them to create a real-time virtual environment using RT3D (real-time 3D) technology.
The company that changed its name to meta for the Metaverse, Facebook, is dependent on 3D interaction in the future. The company has set a target of changing entirely into the Metaverse within five years. The company has invested around $10 billion in VR technology. They are also hiring thousands of people (“metamates”) to build the virtual world. The Oculus Quest 2, Horizon Worlds (Meta’s first virtual world in the US), and the research team have started working on technologies such as AR and VR, blockchain, crypto, speech recognition, etc.
1. Epic Games
Epic Games, the owner of the most famous multiplayer game Fortnite, announced on April 20, 2022, their completion of fund-raising of $2 billion to invest in the Metaverse. Founder and CEO Tim Sweeney said that with the investment in Metaverse, they would be able to build and create online spaces for players to have an immersive experience. Other games by Epic are Rocket League, Fall Guys, and Epic Games Store, which attract numerous gamers. Epic also owns the “Unreal Engine,” a well-known 3D graphics engine.
These are the top 10 companies that are in a race to invest in Metaverse for a digital world. What do you think about Metaverse? Will you love to experience the digital world soon? Tell us in the comment section about your views!