Meta, Microsoft, Huawei: the metaverse, the web giants’ new darling

I dreamed of another world… – Have you ever tried the metaverse, this open virtual world, at the intersection of everything and everything, accessible via, for example, a computer or an augmented reality headset? None. Because it doesn’t exist. At least not yet as the original definition dictates. Indeed, it is customary to evoke the metaverse as a futuristic world, an open and free 3D social space. In reality, some (sometimes with good reason) find the metaverse ugly, others find it inaccessible, complicated, and flawed (sometimes with good reason). However, according to a recent McKinsey report, the metaverse should be worth 5 trillion dollars by 2030. This potential attracts large international companies that are mobilizing to conquer the web 3, blockchain technology is now unanimous.

As such, this week, the announcement of Metaverse Standards Forum caught your Meta-Hebdo’s attention. Standardization and regulatory bodies, geospatial software development companies, social networking giants, Swedish furniture giants all subscribe to this consortium. The goal? The normalization of the metaverse.

The various meetings that will make up the forum are structured around topics proposed by the founding companies. Khronos Group, a giant in 3D development and augmented reality, is their leader. The forum aims to to make the connection between Web 2 and Web 3 standardization companies and companies that want to develop them. Among these so-called SDO standardization bodieswe find, among other things:

  • World Wide Web Consortium (international standardization body);
  • L’Open the Geospatial Consortium (geospatial standards body);
  • Open AR Cloud (development of augmented reality);
  • Spatial Web Foundation (development of web standards in space);
  • Software Foundation (blockchain company working on algorithms);
  • Avatar (standardization company on means of payment in the metaverse)
  • cesium (geospatial 3D platform in collaboration with the US Department of Defense)

On the business side, the presence of some also caught our attention.

It is therefore in total more than 30 companies and organisations who associate and collaborate in the same direction around this free event.

>> Cryptos to explore the metaverse? Join Binance (affiliate link) <

Then the proof is there. The idea of ​​a social network, a true open space, offers staggering development opportunities for all these companies. Video games, multiplayer platforms, interconnected networks, everyone can see some commercial interest in it.

As a result, many of the companies in attendance have already begun their conquest of the metaverse. Meta tries to train with his Horizon World. Microsoft is also developing one industrial metaverse, real work tool to develop productivity in an industry. The forum’s initiative was then a necessity for Meta’s vice-chairman, Vishal Shah:

“Building a metaverse for everyone will require an industry-wide focus on common standards. that Metaverse Standards Forum can lead the collaboration needed to make this possible, and Meta is committed to this work. Creators, developers and enterprises will all benefit from the technologies and experiences that will be enabled by common protocols.”

The president of Khronos Group, Neil Trevett, also develops this need to establish realistic and accessible standards for companies:

” That Metaverse Standards Forum is a unique place for coordination between standardization organizations and industry (…), which will be essential for an open and inclusive metaverse. »

Which work areas?

The paths to work and research to develop a homogeneous metaverse must therefore be investigated. There are many themes:

  • Promote work areas and meetings for web 3 players;
  • Create a space coordination of requirements ;
  • Coordinate the resources needed to establish future standards ;
  • Allow one compatibility of different metaverses ;
  • Work on the interoperability of the metaverse with the real world.

On the technology side, it then becomes a matter of working on the development of standardization and interoperability tools during hackathons and other meetings for developers. There are many areas of work:

  • Development and work with fluid 3D graphics;
  • Research into the concept of ownership of avatars ;
  • Privacy security ;
  • Research into geospatial systems and their connections with reality;
  • Development onnetwork interoperability ;
  • Work with positioning services (VPS);
  • Development of augmented reality (XR);
  • Mass User Experience Testing;
  • Development and research in financial transactions.

What future for decentralization?

Marc Petit, responsible director at Epic Games even sees the opportunity to develop a healthy ecosystem using web3 technologies such as blockchain.

“Our goal is to build an open metaverse that enriches humanity and houses a thriving and just ecosystem of millions of creators.”

The international supervisory body World Wide Consortium (W3C) emphasizes the importance of institutionalizing these standards for an immersive web. It insists on coordination and construction of an interoperable platform.

This is perhaps where the shoe pinches. The idea of ​​a centralized platform raises certain issues of freedom and anonymity, which can slow down the notions of decentralization developed by web 3 and developed on certain platforms such as e.g. Decentralized country.

that Metaverse Forum Standards therefore proposes to lay the foundations of a still embryonic metaverse whose accessibility seems, despite everyone’s good will, already compromised, as evidenced by the absence of Apple. The equation also retains some unknowns. Yes, although blockchain technology seems obvious to some and a solution is already in place for others such as sony, the mention of payments in the metaverse raises questions about the fate reserved for cryptocurrencies or even anonymity. Case to follow in your Meta-Hebdo.

Want to support the metaverse revolution? It’s up to you to get on the crypto train! To do this and start to familiarize yourself with this exciting world, do not wait for you create an account on Binancethe leading Bitcoin and crypto exchange (affiliate link).

Leave a Comment