6 Tech Giants Building the Metaverse, Who Are They?

Metaverse is a digital world where you can play, work, transact.

Metaverse is a digital world where you can play, work, transact.

ScienceLovers - Metaverse is a sophisticated version of the internet, where people will feel they are in a virtual world. When the virtual world and the physical world will merge.

However, building the Metaverse is very difficult. It takes time, as well as great effort. And the key is this: The Metaverse cannot be created by a single entity. That is, later we will find a lot of different Metaverses.

And now, everything starts from scratch. Small companies and large companies start from the same starting line.

It was difficult to build the Metaverse because of its complexity. Like building your own virtual world. It must contain content, technology that makes it easy for people to enter it, games, virtual items, and much more.

Why are companies interested in building the Metaverse? Because it's very promising. Metaverse can be a new and huge platform for earning money. And the time is right. Must start right now.

Another factor, because several companies have mastered the fundamentals, brands, and technology to build the Metaverse. Starting from Roblox, Google, to Facebook. Well, here are some of the companies that are building the Metaverse:

1. Google

Google CEO Sundar Pichai defines Metaverse as the evolution of computing in an immersive way using augmented reality. Google already has the fundamentals to make the Metaverse through Google Glass products. In November 2021, they are also developing new VR and AR devices through Project Starline.

2. Facebook (Meta)

Facebook is the trigger from world focus to Metaverse. They changed the name to Meta, and had introduced an early version of the Metaverse called Horizon World. In the long term, they have prepared various technologies to become the most advanced company in Meta. 

Starting from VR Messaging, Project Cambria (VR headset), and Horizon Marketplace (where people transact digitally on Metaverse). CEO Mark Zuckerberg has mentioned the importance of Non-Fungible Tokens (NFT), crypto assets, to blockchains in the Metaverse. In fact, they are also preparing a Libra project token.

Horizon Worlds is Meta's first attempt to release a metaverse, which is a digital world that you can use to play, work, trade, and more.

Horizon Worlds is a multiplayer platform that brings together metaverse games, such as Roblox and VR OASIS from Ready Player One.

Since it was first announced in September 2019 in private beta, Horizon Worlds has evolved from a Minecraft-like environment for building games into a social platform. Thousands of beta testers have hosted regular comedy shows, movie nights, and meditation sessions.

They also make intricate objects like the Ecto-1 replica from Ghostbusters. “Now we can open up and say that we have interesting things that people can do,” said Meta Vice President Vivek Sharma.

Security is a big concern for VR environments like Horizon Worlds where users can interact with strangers. Sharma said Horizon Worlds has safety features, including the ability to block someone.

The unique aspect of Horizon Worlds is that the human guide is there to welcome new users as they teleport from the Plaza to a different world. This guide is a power user trained by Meta employees to know best practices for navigating Horizon and following its rules of conduct.

To date, there is no way to make money in Horizon Worlds, either as a creator, guide, or player.

Future plans to combine into Horizon Venues, a standalone experience hosting large VR events and Horizon Workrooms, a VR work collaboration software. Meta hopes that this world-building aspect of Worlds will attract people's attention.

3. Microsoft

Microsoft's step into the Metaverse is to create a platform for users to have virtual meetings in the Meta world.

In 2022, they are getting ready to introduce Mesh for Teams. Later, workers can meet, make presentations, and chat on Meta in the form of avatars without the need to go to the office again.

4. Binance

Binance is one of the foundations of the Metaverse due to the importance of cryptocurrencies and blockchain.

Metaverse needs a platform to process financial transactions on it and Binance is working to provide the related infrastructure.

For example, the Binance NFT Marketplace is a place for people to trade NFT virtual assets from various blockchains.

5. Epic Games

With 350 million registered players, Fortnite is one of the most mature Metaverse platforms. Epic Games plans to expand Fortnite to a larger platform that can attract around 60 million of their monthly users.

“We plan to make AR, VR, and 3D content more accessible, and grow an ecosystem for creators.”

6. Tencent

Tencent has two modalities to enter the Metaverse. Namely WeChat and Tencent QQ platforms.

Tencent QQ already has gaming, e-commerce, music, movies, and voice chat on their platform. WeChat has a mobile payment system.

Through his statement, Tencent explained the importance of their gaming infrastructure to create Metaverse. Currently, the Tencent team has started to build their own Metaverse platform.

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Science Lovers: 6 Tech Giants Building the Metaverse, Who Are They?
6 Tech Giants Building the Metaverse, Who Are They?
Metaverse is a digital world where you can play, work, transact.
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