The internet was first introduced during the 1960s as part of a US Department of Defense project known as ARPANET. It then went global in 2019 and ended up with around 4.3 billion addresses. The project, which was initially based in California, was eventually taken over by a global system.
The rise of the internet has resulted in a huge increase in retail sales over the past two decades. From $27.6 billion in 2000 to $880 billion in 2021, the internet has created a trillion dollar market cap.
Every company in the US with a market cap over $1 trillion is tied to the internet, including some of the biggest tech companies such as Apple, Microsoft, Amazon, and Google. If you asked people back in 1999 or even 2009 what they thought the world wide web would look like in ten years, many of them would have said “fast horses.” This is a type of sentiment that’s typically associated with the advancement of technology.
The evolution of the metaverse has been happening over the past five or so years. It’s a constantly evolving space that’s focused on the potential benefits that can be gained from it. To be clear, the metaverse is not a linear concept and can be defined as a series of interconnected ideas.
According to a study conducted by a research firm called Grandview, the North American metaverse market is expected to reach a value of $15 billion in 2020. It’s expected to grow at a rate of 39.4% over the next couple of years and reach a total of over $400 billion by 2030.
Who Owns the Metaverse?
Although the internet is not owned by everyone, there are companies that are working on building a metaverse. These companies are developing tools and technologies that will allow people to create their own communities.
The Front End
One of the main advantages of the metaverse is its immersiveness. While we are still decades away from experiencing a Star Trek-like experience, Industrial Light and Magic has developed a new virtual reality environment called Stagecraft that brings the world of science fiction into the real world. This is truly amazing stuff, and it should be watched. In this video, we talk about Stagecraft and how it utilizes a combination of post-production and greenscreen technology.
For most people, immersive environments have always been dependent on the type of budget they have available. The rise of virtual reality has drastically changed that. In the past couple of years, the multitude of devices that have been created to provide this type of experience have become more sophisticated.
The specifications for the Meta Quest 2 headset, which is priced at almost $300, are quite a bit different from those of other devices. For instance, it features a 1920 x 1200 pixel resolution display, 6 degrees of freedom, and various refresh rates.
The device also features a three-axis motion sensor that can be used to capture movement along the three axes of the device. This is made possible by components such as a three-axis accelerometer and a three-axis gyroscope that are made by companies such as STMicroelectronics. A more detailed breakdown of the device’s features can be found in this article.
While it’s been widely reported that headset manufacturers are moving away from using organic light-emitting diodes (OLEDs) in their products, they are still working on using LCD screens instead. Despite the advantages of using OLEDs, developers are still looking for ways to improve the software used in their devices to make them more cost-efficient.
One of the biggest factors that people consider when it comes to choosing a headset is the display’s resolution. For instance, finding the differences between the different colors on a 4K screen can be very challenging.
A recent review of the Microsoft HoloLens 2 headset, which was only available to developers and corporations until June 2020, highlighted the various components that it uses. One of these components is the company Microvision Inc.
The Back End
The various factors that affect the connectivity of the internet are also responsible for the evolution of the metaverse. One of the most important factors that will benefit from the changes in the internet infrastructure is the ability to deliver high-quality audio and video. While the power of headsets is becoming more powerful, they are still mainly used for delivering positional telemetry and delivering better sound processing.
The heavy lifting is still done by the devices and environments that are used to deliver the metaverse. These include personal computers, consoles, and data centers.
Data centers are also becoming more prevalent due to the increasing number of processors and the ability to provide both storage and processing power. As a result, data center developers are now more focused on the geographical location of their facilities.
Some of the prominent companies that are currently active in the data center industry include Equinix, Digital Realty Trust, and VNET Group. Other component providers that are also known to be active in this space include Skyworks Solutions, Switch, and CAMB.
As discussed earlier, the metaverse relies heavily on the back-end structures and front-end structures to create an immersive environment. However, the majority of the development efforts have been focused on video games, which are typically developed by companies such as Sony and Microsoft.
One company that is expected to continue to do well is Roblox, which provides a platform for users to create and monetize their content. In addition to being able to create and manage their own content, this platform also allows users to interact with other people in real-world situations. There have been a number of advancements in the field of learning that utilize AR and VR technology.
Conclusion (Virtuous Circle)
The concept of the metaverse is a great example of how the various components of a digital infrastructure can work together seamlessly to create a dynamic and innovative system. The goal is that by giving users and developers a set amount of processing power, storage, and bandwidth, they will be able to maximize the system’s capacity.
The buildout of the metaverse continues to create more room for growth. Although it is exciting to see how the technology is evolving, our main focus is on the companies that are making the most of this space.