Hope you all are finding QuantumGuru content interesting. Our goal is to provide collateral for all segments of the quantum user base Here we take a little bit of a different turn to write on Metaverse, which we foresee as an important application for quantum computing.
What is the Metaverse?
Metaverses are virtual worlds in which people can do many of the things they do in real life. For instance, they will be able to work, have fun, shop, exercise and socialize. This virtual environment goes far beyond what we can envision — people can set up their own businesses, buy land, make art, go to concerts, to name a few. Metaverses uses virtual reality, augmented reality, social media and blockchain technologies to create places where people want to interact and spend time. Utilization of other adjacent and complementary technologies will happen as Metaverse evolves. They are virtual worlds with virtual economies, not to mention that many are still in their infancy.
In the future, besides buying clothes for yourself (and fill your closet), you might buy clothes for your avatar online. In addition to buying a piece of art to hang on your wall, you might buy a piece of digital art to display in a virtual gallery.
Speculating on the look and feel of Metaverse — it could be a big digital world with enormous crowd sharing and doing interesting activities together. They can pick out a list of key parts other than VR hardware that are being backed-up with quantum computers using exceptionally fast internet connections. In previous blogs, we have listed out changes and benefits that quantum computers can bring in the fields of virtual reality, gaming, cyber security, cryptocurrency etc.
Cryptocurrency monotonic growth trajectory is an example of the future role of digital currencies. Metaverse and digital currencies will be inseparable growth drivers for each other. Facebook changing its name to “Meta” and gradual AR/VR development is making Metaverse a reality before anyone could predict. Back in the 1980’s when cryptographic algorithms like Shor’s and Grover’s were discovered, no one would have thought these could be the spine of the blockchain trillion-dollar industry.
Quantum will play defining role in many of the following key components of Metaverse:
- 3D Audio
- Big Crowds
- Reputation
- Interconnected Spaces
- Infinite Detail
- Live Editing
- Programmable Atoms
- Payments
World of Interconnected Spaces, Infinite Detail, Live Editing and Programmable Atoms
Yes we heard of this kind of world before “Hyper Realistic game” in a few mainstream games by Tencent gaming and Rockstar games. However, with best in class hardware setup connected with super-fast internet connection will make it possible. The whole ecosystem is eager to know whether that outsize computing muscle will transform the gaming industry. The natural question is “What can quantum computers do for Metaworld?”. Some of the following ways in which quantum computing can influence the feature of Metaworld are:
- Better than ever graphics with infinite detailing
- Programmable elements that could be atoms and molecules, very much similar to gaming ones
- Truly random event generation with one in billionth probability — now imagine what quantum means for Metaverse
Payments
Every virtual economy needs money. Cryptocurrencies work like virtual cash in virtual worlds. Transactions are almost instantaneous and the blockchain technology(Link to our article) behind them is designed to build trust and ensure security.
Let’s look into these metaverse cryptos:
Decentraland (CCC:MANA-USD)
Market Cap: $9.1B
Decentraland is a crypto-powered virtual reality game or more correctly a virtual living platform written on the Ethereum (CCC:ETH-USD) blockchain. Using MANA tokens you can purchase land, outfits, scenes, and a host of other virtual assets. Some of these can grow to great value and you can later sell them to others, so in effect, it becomes an alternative reality. In effect, it is a “world owned by users.”
The Sandbox (CCC:SAND-USD)
Market Cap: $6.1B
The Sandbox is another virtual world where people can “build, own, and monetize their gaming experiences.” It is a virtual metaverse owned by its users. Ownership of assets in the game comes in the form of NFTs (non-fungible tokens).
Floki-Inu (CCC:FLOKI-USD)
Market Cap: $34.4M
Floki is the name Elon Musk wishes to give to his future pet Shiba. Floki Inu has a token burn of 1% each transaction, transaction fees of 5%, and a transaction redistribution to holders of 5%.
Efinity Token (CCC:EFI-USD)
Market Cap: $86 million
Efinity bills itself as a “next-generation blockchain for NFTs.” It is next-generation since it is a scalable, decentralized, cross-chain network. It is built on the Polkadot (CCC:DOT-USD) blockchain network as a parachain startup, with just $500 million in trading volume as of March 2021.
Terra Virtua Kolect (CCC:TVK-USD)
Market Cap: $202 million
Founded in London in 2016 by two entrepreneurs, Terra Virtua bills itself as “a fully immersive, blockchain-driven VR entertainment experience.” Originally started as a blockchain game, it is now deeply involved in NFTs, including a marketplace for digital art and collectible NFTs, a gaming environment, and a token called the Terra Virtua Kolect token.
Epik Prime (CCC:EPIK-USD)
Market Cap: $49 million
Epik Prime started producing “premium digital items” in 2018. The team felt these digital items would be the “future of consumer products and would play a central role in ownership.” The company claims to be the global leader in bringing brands into video games and producing unique in-game items, events and experiences.
Highstreet (CCC:HIGH-USD)
Market Cap: $69 million
Highstreet is a metaverse blockchain gaming company with an MMORPG (massively-multiplayer online role-playing game) game where players can fight monsters and complete quests. In addition, it is starting a new type of NFT marketplace where “physical products are traded as nonfungible tokens, or NFTs, in a fully open phygital experience.”
Stocks to buy for metaverse:
Unity Gaming
Current Price: $178.80
Market Cap: $51.144B
Unity Software Inc. operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide. The company was founded in 2004 and is headquartered in San Francisco, California.
Mettaport
Current Price: $27.11
Market Cap : $6.596B
Matterport, Inc., a spatial data company, focuses on digitizing and indexing the built world. It offers Matterport digital twins, a 3D data platform to design, build, operate, promote, and understand spaces. The company offers Matterport Capture, an application that enables to capture depth, data, and imagery of a space using 3D cameras, 360 cameras, and iPhones; Matterport Workshop application to customize, add additional details, and share spaces; Matterport Showcase application for audience view and explore space in its final format; and Matterport VR to experience virtual reality. It offers solutions for real estate, photography, travel and hospitality, retail, insurance and restoration, industrial and facilities management, architecture, and engineering and construction industries. Matterport, Inc. was founded in 2011 and is headquartered in Sunnyvale, California.
You are a very intelligent individual!
Great wordpress blog here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! take care
I have been absent for a while, but now I remember why I used to love this website. Thanks, I will try and check back more often. How frequently you update your site?
Hello.This post was really interesting, particularly since I was browsing for thoughts on this topic last Wednesday.
Great – I should definitely pronounce, impressed with your website. I had no trouble navigating through all the tabs and related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your client to communicate. Nice task..
Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.
This really answered my problem, thank you!
Hello there! Do you know if they make any plugins to assist with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains. If you know of any please share. Cheers!