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From virtual goods to AI characters that can be hired out by companies, a fast-growing digital world is pushing ownership and privacy rights into unchartered territory. The Metaverse has become one of the hottest technology and socioeconomic topic. Combining different technologies like VR, 3D animation, blockchain, and many others, companies are already working on creating services for this new digital world. Even tech giant Facebook changed its name to Meta, demonstrating that the Metaverse is truly targeting to become the next big mainstream technology.
While a lot has been said about the role of blockchain in the Metaverse, thanks in part to the big NFT hype, people are wondering what was being said about the intersection of the Metaverse and AI. Inworld AI, a company that aims to develop a platform that enables users to create AI characters that can be used to populate virtual worlds, announced today that it has raised US$7 million in seed funding. In an exclusive interview with Venture Beat, Inworld's cofounder and CEO Ilya Gelfenbeyn explained that "Inworld AI is a platform for building, basically brains for AI characters" to populate virtual environments, including the metaverse, VR, and AR worlds. "What we provide is a toolset that enables developers to add brains and build these characters for the world, for different types of environments."
Many of the metaverse projects that have been launched are in the world of gaming. However, more often than not, these projects simply consist of standard gaming features combined with virtual reality and NFTs. A true metaverse, in the sense of a digital parallel universe to our analog world, is a digitally simulated reality in which participants can take part in diverse social, economic, entertainment, and artistic activities.
Top 5 Metaverse platforms bringing the change
Artur Sychov's brainchild Somnium Space is a VR world on the Metaverse. The first working drafts of the platform were launched in 2017. Somnium Space was made available to the public in September 2018. The land on Somnium Space is uneven and comes with an erc20 token called Somnium Space CUBEs. The space is used through VR, PC, and Web, which is usable even on mobile. The highest focus is on the VR experience.
The HyperVerse is a virtual world platform that is also one of the top metaverse platforms. It comprises a collection of planets that are not owned by any single body. It is a cosmos that has millions of different universes. Each individual that lives in the HyperVerse is referred to as a Voyager, who can generate tokens, engage with one another, and explore the globe as a group.
Decentraland was one of the first metaverse platforms to come out with a viable proof-of-concept for the metaverse platform, leading the way for the platform's market domination. The company launched its metaverse platform to the public in 2020 and has witnessed a massive surge in popularity. Decentraland is a VR space where users can create content, interact with one another, and earn money, mainly through investments, and other digital assets.
The Sandbox is the name of a blockchain-based game and is a metaverse platform through which investors can sell, buy, and trade virtual plots of land. The ETH blockchain serves as the foundation for Sandbox. It is primarily popular for its stability and security. The developers have created their Ethereum-based token called SAND. SAND tokens allow investors to pay gas fees on the Ethereum network.
After using the Nakamoto token, investors will be able to acquire virtual land, construct buildings, and perform various other things. Recently, the team behind the NAKA token announced the launch of the NAKAverse. It is one of the first metaverses that will be introducing a real in-game economy. Investors will be able to purchase virtual land, build buildings, and do so much more.
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