The Metaverse Handbook is an ideal starting point for all those who want to understand the scope of the current digital revolution, in this manual you will find concrete elements that will allow you to form your opinion on the metaverse.
In 14 chapters (215P), this reserve offers an inspiring course that combines theoretical foundations, technological solutions with social reflections. The book aims to clarify the key concepts of the future iteration of the web as immersion, blockchain, cryptocurrencies, NFTs (non-fungible tokens), or decentralized autonomous organizations. The renaming of the giant Facebook to Meta announced on October 28, 2021 marked the big bang of the metaverse and the beginning of the popular maelstrom. Facebook’s purchase of Oculus VR (a headset virtual reality) of 2014 or that of Microsoft’s AltspaceVR in 2017 illustrated the interest shown by the giants from the beginning for this project.
Meta defines the metaverse as “a set of virtual spaces where you can create and explore with others who are not in the same physical space as you. You can hang out with friends, work, play, learn, shop, create and more. The images of Mark Zuckerberg’s avatar deployed in the virtual universe of Horizon Worlds are surprising. The performance resembled a video game where humans had become actual avatars (no legs!). However, the announcement did not immediately convince observers. The name change was seen as a ploy to divert public attention. The company was once again at the center of a media crisis triggered by whistleblower Frances Haugen. The latter denouncing a search for profits by the giant at the expense of poor management of the security of its users.
Time has passed, investments have been confirmed. It has become clear that the metaverse project far exceeds the ambitions of a single company, no matter how large. Tencent, Alibaba, Nvidia, Microsoft, but also Amazon, Google, LG, Samsung and Huawei have confirmed their investments in the metaverse. At the same time, virtual universes have multiplied. Analysts scrutinized the shares of major economic players, the weight of the announcement was much greater than it seemed. The Metaverse would exist with or without Meta. A wave was launched and nothing could stop it. The market generated by the metaverse is estimated to be $5 trillion by 2030 by McKinsey. Analysts tend to agree that the metaverse will emerge within the next ten years, although we don’t yet know what form it will take.
The metaverse wants to erase digital boundaries while reinventing our place in the physical world. In the beginning, it’s not about replacing a real experience, but about offering something more immersive when it’s impossible to meet face-to-face. The idea is to make the time spent online “better”. We project ourselves into a virtual world where it is no longer a question of facing a two-dimensional flat screen, but an immersive and three-dimensional universe. We are discovering the premises of a technology that will allow us to work, attend concerts, visit the planet and even space without moving.
Several thousand actors are already building the metaverse. Meta has even reached a record high of 400 million monthly active users in 2022, the equivalent of the number of Internet users as of the year 2000. The book offers in 14 chapters an honest perspective on the first steps in the metaverse , the fact of discovering and owning a digital asset, such as the cryptocurrency and NFTs play a role in its construction, digital twins, new professions, technical, ethical, legal challenges… and issues etc. Enjoy the reading