The Internet was never designed to experience such levels of concurrent activity. Therefore metaverses require infrastructure that is yet to be developed. Without a doubt, web3 networks, cryptocurrencies, and NFTs are the technologies that are forming the basis of the metaverse. However, despite the impressive developments in recent years, the creators of brand new metaverse DecentWorld believe that the industry’s biggest challenge is still ahead.
The idea of the metaverse was first coined more than three decades ago. However, only now has the blockchain and advanced 3D technology brought it closer to becoming a reality; as a result, dozens of new metaverse platforms launched rapidly during the last year.
Based on current trends, more and more companies are joining the metaverse market, with brands such as Starbucks (NASDAQ:SBUX), eBay (NASDAQ:EBAY), NBA, Samsung (KS:005930) and many more leading the way. By 2030 the metaverse market is expected to reach the total worth of $8 trillion to $13 trillion.
Hardware to Create Immersive Experiences
Ownership and interoperability are the core features needed for the full metaverse experience. Web3, blockchain & NFT solutions are already solving the problem of ownership, and pushing even closer towards full interoperability.
The biggest challenge that has not been tackled yet is the limited supply of hardware. DecentWorld, a Swiss metaverse platform which entered the industry by digitizing every street in the world, believes that in order to reach the point where fully-immersive virtual worlds can be offered and experienced, more advanced hardware still needs to be developed.
“There have been a lot of improvements—Meta is investing a lot in Oculus, we have HTC Vive Pro, Vive Pro 3, and others investing a lot of money into headsets. We have forward-facing cameras that enable augmented reality, but they are devices that you simply put on for a limited time—they are not suitable to be worn for long, therefore cannot enable the full metaverse experience,” the DecentWorld team explains.
In addition to more advanced smart VR devices, there is also a need for widely accessible high-resolution displays and powerful computers, tech solutions for recreating sensory senses and more.
Interoperability Through Collaborations
Some might argue that creating the metaverse is like creating another internet – it is beyond the capabilities of one single company. For this reason, a collaborative approach and interoperability between different industries are highly encouraged for the advancement of any metaverse.
DecentWorld, offering a geo-based Map with 18.5 million digital Streets ready to be put on blockchain, confirms that the NFT market is only the starting point on their roadmap. With further developments, the team is planning to add an immersive 3D layer, develop Building NFTs, and finally invite other companies to join and integrate their products or services.
“The next step in our plans is to open up our APIs for business integrations. Our users will be able to physically walk around, shop, visit galleries, and meet friends. The more companies join–the more fulfilled and the more interoperable the metaverse becomes,” the DecentWorld team says.
According to them, by definition, there can be only one metaverse, thus the goal should be to have a space that hosts multiple creators, multiple services, multiple opportunities under one roof.
About DecentWorld
DecentWorld is a Swiss metaverse digital real estate platform built on blockchain technology to introduce a next-generation web3 experience. The platform allows members to purchase and trade virtual Street NFTs, which can then be combined into Collections. Completed Collections have additional value as they generate yield that is paid out to the owner. Using state of the art security features, DecentWorld also stands for trust and transparency in the blockchain industry.
To fully explore our metaverse, please visit www.decentworld.com.
Follow our latest updates on Twitter (NYSE:TWTR), Telegram, Instagram, LinkedIn and Facebook (NASDAQ:FB).
For further inquiries & talent outreach, please message hello@decentworld.com.
