The metaverse as a term has become popular ever since Facebook rebranded itself as Meta. That sparked interest, and people started enquiring about what the metaverse is. Many iterations of the metaverse, including metaverse education, are now trending strong. Many people are still unclear about the concept, which is usual with any new technology.
When smartphones were launched, who thought that a small device would carry all our information about us?
-An interesting fact is the term was coined by author Neil Stevenson in his book. The characters in the novel visit a virtual world to escape the realities of the physical world.
VR technology gained prominence in the 90s due to the gaming and entertainment industries. Sega, a leading game development firm, introduced VR gaming devices. These innovations sparked off the origin of the metaverse as we now understand it.
The Story of the Metaverse
So, let’s answer the question – What is the Metaverse?
To explain it simply, the metaverse is a virtual 3D world that users can access and avail of the offered utilities. These utilities can range from shopping, meeting, and learning to other business transactions. Users can access the metaverse represented by their digital avatars.
On the front end, it might seem simple; however, at the back end, multiple technologies and development work go into creating the metaverse.
The metaverse is developed based on crucial technologies like Augmented Reality, Virtual Reality, Artificial Intelligence, Blockchain etc. Today, blockchain is all set to create a decentralised metaverse infrastructure.
What are Digital Twins?
Digital Twins are an important element in metaverse development. Digital Twins Technology uses AI-enabled and synchronised virtual representations. To put it simply, a digital twin is simply as the term conveys – a high-definition digital replica of a physical object with the same set of properties and behaviours and functions. Their scope and application can have measurable impacts on metaverse development.
Many scenarios can be created with the help of digital twins. These allow for safe experiments in various situations without causing damage to life and property.
A prominent example that comes to mind is when twins were made of the Apollo spacecraft in the ’60s. This enables simulation-based training, as space training was out of the question. Digital twins technology goes beyond simulations ad allows visualised observations of activity.
Simulation of digital twins could accelerate research and save money and resources.
Applications and Benefits of Digital Twins Technology
-Energy and Power
Energy and power companies are deploying digital twins to simulate the functioning of solar and wind energy equipment. They are harnessing AI to study data and create new digital models to figure out the most efficient production capacities.
With simulation, developers can build wind farm prototypes and use current data to create new and better models.
With Digital twins technology, studying soil health and yield patterns is easier. Other parameters like weather, historical data, locations etc can all be used to create more sustainable farm yields in the long run.
In the manufacturing sector, the twin technology with metaverse integration can be used to simulate workshops and factory floors to plan the production process. Any errors can be spotted and minimised with simulated workshops.
Like building workshops, entire vehicular virtual models can be built with metaverse technology. The features and performance can be gauged with real data input. The vehicles can be tested under different terrains to understand performance and rectify features.
-Retail and eCommerce
Retail online shopping is convenient yet does not allow a purchase to try on outfits. Shoppers have to rely on images and reviews. Retail consumers can shop and even try out their purchases in virtual stores via digital twins and metaverse technologies.
Digital Twins Technology in the metaverse can help map and plan better infrastructure and resources in urban planning. With the help of digital technologies, entire cities can be built within the metaverse to assess how the city would look and function. Other amenities would include transport and sustainability mapping, carbon footprints and also assess on offering a better quality of life to citizens.
The Road Ahead
Corporates and Educational Institutes are still assessing how to capitalise on the metaverse opportunity. It is an expanding sector, and its popularity is rising, as are its applications.
The market data bodes for a healthy future.
-The market cap of Web 2.0 metaverse companies was valued at $ 14.8 trillion. (Statista)
-People have already invested $200 million in the metaverse (Grayscale)
Companies realize the future of enterprises lies in the metaverse. Many are experimenting with digital twins technology for their products and infrastructure.
Edverse is a metaverse Solutions Company aiming to decentralize education and bring in radical changes. Edverse is working with promoters who wish to invest in or want to purchase metaverse land to build state-of-the-art meta-versities that will empower learners with the skill sets required for the new age professions.