Cdo: Pioneering New Technology At Yantra Inc

By Author: Yantra Inc
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To define it loosely, the Metaverse is a network of 3D virtual worlds centered around social connections. It is an online space for those who want to learn, socialize, collaborate, and/or play. Users have the option to interact with the worlds either on a screen or through a headset for a more amplified, unique experience. But the question remains, why the sudden pervasiveness or ubiquity?

The Rise Of The Metaverse: Explained
Virtual realities have been a part of the world of technology for years now, but why has this sudden rise of the Metaverse expedited mass adoption? This can be attributed to 3 broad reasons:

The introduction of next-generation computing abilities meant the rapid expansion of new technology.
The COVID-19 pandemic accelerated a shift to the digitalization of everyday tasks – productive and recreational
The increasing adoption of digital payments and currencies (read cryptocurrencies) translated to seamless transactions in the Metaverse
Research by McKinsey shows that the top 5 activities in the Metaverse are social, entertainment, gaming, travel, and shopping-related ...
... activities! According to the forecasted marketing impact by 2030, the net value of the Metaverse would be $2-$2.6 trillion for the e-commerce sector, $180bn-$270bn for the virtual learning market, and $144-$206bn for the advertising market. So, if you are thinking of technological advancement, think Metaverse!

The 7 Layers Of The Metaverse
The Metaverse operates on 7 layers, each with its own functionalities and target demographics. Let’s look at them:

Layer 1, Experience: This includes games and live events
Layer 2, Discovery: This is attributed to the push and pull that introduces users to brand-new experiences.
Layer 3, Creator Economy: In this stage, creators gain diverse tools, templates, and thriving marketplaces of content that can reorient development from a bottom-up, code-centered process to a more top-down, creativity-centered one.
Layer 4, Spatial Computing: This involves voice and gesture recognition, 3D engines, and data integration.
Layer 5, Decentralization: This ropes in distributed computing and microservices, along with blockchain technology.
Layer 6, Human Interface: Here, you can find computers, smart devices, Oculus, and 3D-printed wearables that have been integrated into fashion and clothing with the help of miniaturized biosensors
Layer 7, Infrastructure: Lastly, this consists of 5G networks, with a potential jump to 6G expected to increase speeds by a whole new magnitude
To read full blog visit- CDO: Pioneering New Technology at Yantra Inc.