As the technology evolved, the world transitioned smoothly from wired phones to pagers, mobile phones, and smartphones. Similarly, the paradigm has shifted in almost every sector- fashion, retail, gaming, events, and whatnot. The growing interest in technological advancements is gauging society for a phenomenon called the Metaverse that promises to boost every life experience in unimagined ways.

A vision that defines the next chapter in the evolution of the internet, the Metaverse is an immersive digital world that allows its participants to interact and engage in many different ways. The term has been in flux for the past few years. Still, in its infancy, the concept is evolving with the passing of time.

Hype or the reality of the future, the interest in the metaverse continues to grow over time. From gaming to NFTs, real estate, tourism, and shopping, the metaverse buzzword keeps repeating itself with newer and fancier versions everytime.

With ample business opportunity involved with Metaverse, prevalent names in the market like Qualcomm, Nvidia, Epic, HTC, and Apple are entering the space innovatively. As a motive to expand the ingression of Metaverse in our lives, Microsoft planned the acquisition of ActivisionBlizzard for $69 billion. World-building games like Minecraft and Roblox, events like the Fortnite concerts, and platforms like Enjin and Sandbox- all these are efforts to gear up society for a ‘Metaversive’ future.

The role of technology in empowering the Metaverse business

A clear understanding of driving technologies enriches the quest for the metaverse to be ethically uniform and fair for all. In other words, creating an interoperable space that is accessible equally to everyone could prevent the limitation of the conventional internet space- the dominance of biggies.  Now, this quest directs the businesses in an impactful way, aiming for a booming digital economy.

Further, understanding the technology behind the Metaverse also governs the economy of adoption of that technology for the business. For instance, currently, the average cost of an app design in the USA is $48,000, which definitely would increase with its demand. This, therefore, is an imperative parameter to factor in.

What started as a gaming space on the internet has now grown into a massive opportunity for almost every vertical of commerce. The nature of the content, thus, has changed altogether in the vast space. Creating quality content that is immersive for the users would entirely depend on the progress of the technology here.

Here are the five major technologies that are empowering the Metaverse towards a brighter future:

Artificial Intelligence

As of late, AI and automation have been broadly applied to our lives. From arranging business procedures to giving out driving instructions, facial recognition, and so on, AI applications include managing operations like anomaly detection, event correlation, and predictive alerting. This can be made even more accurate with the combined use of Big Data and Machine Learning.

Implementation of AI has spread its influence to the formation of vivid metaverses, enhancing user experiences by creating Metaverse assets like buildings, landscapes, avatars, and character routines. AI could be employed to accelerate the software development process. This could be beneficial to creating complex Metaverse assets even when the resources are limited.

AI could also be used for improving efficiency by employing its capabilities to communicate and comprehend the users. Warning, for example, the user to stay alert while performing difficult tasks. This bridges the real-time users closer to the metaverse environments.

Blockchain

A technology built on strong foundations of security and transparency, blockchain provides a decentralised platform that ensures digital collectability, value transfer, governance, interoperability, and convenient accessibility.

Cryptocurrency, the fungible feature of the blockchain, is the primary way to trade for goods and services inside the Metaverse, ensuring no regulations and interventions in transactions. For instance, Decentraland allows the purchase of virtual property using crypto, MANA.

It is also a way to incentivise the users, especially the ones working within the Metaverse. Additionally, Metaverse supports (and enhances) job and business opportunities. This favours the increasing remote working culture across the globe.

AR and VR

Even though Metaverse does not necessarily depend on these two technologies, they offer an enhanced Metaverse experience to the user. While AR utilises digital visual components and characters to integrate the virtual world with the real one, VR provides more immersive features using 3D modelling techniques. Components like optical projection systems, headsets, sensors, gloves, and display systems.

By creating virtual environments, these technologies mimic real-life situations. Meta (formerly Facebook) invested in Oculus quest (VR headsets) to enter their Metaverse. The app can be accessed using smartphones and does not require a computer system.

“Augmented reality will change the world more than a lot of other technologies. Travelling around to meet people will be much less important when you can stand in a room and chat with a virtual representation of a person that’s so close to reality – it’ll be a whole new level.” –Tim Sweeney, CEO and Co-Founder Epic Games.

The harmonious relationship between AR and VR has successfully created an early model for the Metaverse. With the expansion of technology, a more interactive and experiential Metaverse environment will evolve.

Internet of Things (IoT)

IoT enabled devices can help solve some of the real-world problems effectively in the metaverse. This gives an opportunity to accurately integrate the complex systems over the existing framework of technology. For instance, enhancing the user experience by using the 3D user interface over mobile phones and computers, customised as per users’ interests and preferences.

Thus, IoT can bridge the real world with that of the internet, using sensors and devices as the connecting link. These devices have the capacity to send or collect data naturally. Indoor regulators, clinical devices, facial recognition, voice-actuated speakers, thermostats, and many others provide a wider scope of information. The data, thus, collected would enhance the precision for an advanced representation, for example, altering the function of Metaverse collectibles based on current weather conditions. This ensures a better immersive nature of the space.

Big Data and Data Analytics

Even when data science technologies do not contribute to the development of the Metaverse, the data science process definitely will. Data processes like analytics could be helpful in managing Metaverse-based events, like building a 3D avatar, or a virtual stage. Similarly, data collected (like current trends and events) could be used to forecast using predictive analysis tools and also for decision making.

The “Metaversive” future

Rapid enhancement in technology over the past few decades has manifested the notion that nothing is impossible, even the 3D virtual Universe popularly known as the Metaverse.

“The technology will be so good it will be very hard for people to watch or consume something that has not in some sense been tailored for them.” -Eric Schmidt, Google Chairman.

It is not hard to imagine a highly interactive and interoperable space where the users have immense freedom to get immersed in it. Still, in the very early stages, it is hard to predict the development materialises or the impact it will have on society as a whole. As of now, the audience is yet to witness how this realm unfolds itself for its users.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Top 5 Technologies Powering The Metaverse appeared first on OpenBusinessCouncil Directory.

LynKey [www.lynkey.com], a global platform that powers luxury resort and vacation property with Blockchain and AI tech, is hosting its first talk show, on January 26th at 9 pm GMT. The event is specifically designed to help you delve into the prevailing market problems of today, including NFTs opportunities; the Metaverse, how Blockchain tech is finally taking off (and will power the future), smart tourism, VR, AR, and much more.

Learn about how LynKey is the “key” to converting these problems into lucrative opportunities.

LynKey Blockchain-powered ecosystem is tokenising over 8+ billion dollars of premium property/tourism and luxury experiences in Vietnam, Singapore, Australia and other countries in the world. During the live talk show, the company will award 1000 $LYNK to 10 lucky participants! Tune in if you want to get the benefit and be a part of the revolutionary change in real estate.

A pioneer in real estate, the company was created by a team of international industry personalities. LynKey’s solutions make travel rewarding in every way – the platform optimises timesharing, prepaid leasing or licensing of property-based experiences geared towards tourism while offering an exclusive reward system for its users.

With a global token, LynKey efficiently overcomes the need for intermediaries, empowering its users to explore the ecosystem that offers real-time solutions and, soon, also metaverse experiences.

“Using NFTs with AI data-driven protocol sets, the company is revolutionising the travel and entertainment space with smart tourism. LynKey connects the global audience with a Blockchain-powered platform and a token that empowers an ecosystem for time-sharing, and reward solutions at premium luxury tourist spots”, said Dinis Guarda, founder and non-executive Chairman of LynKey and Blockchain, Fintech, AI author, and influencer highlighted by platforms like Thinkers360 and CoinTelegraph.

If you want to know more, give our talk show a go. Tune in on January 26th at 9 pm GMT and catch up with our experts Cindy Tran, Hilton Supra, Charlie Hu, Jonathan Gowen and Michael Terpin. Hosted by citiesabc and openbusinesscouncil founder Dinis Guarda.

#LynKey is hosting its first-ever talk show on 26 Jan. Tune in and catch up with our experts for profound knowledge about #blockchain, #NFTs, #metaverse, etc.
Time: 9 PM (GMT+7)
Venue: Dinis Guarda Youtube / LynKey Facebook
REWARD: 1000 $LYNK FOR 10 LUCKY PARTICIPANTS pic.twitter.com/uoqUAkFgVQ

— LynKey (@LynKey_) January 24, 2022

The guests:

Cindy Tran – Chairwoman of LynKey, Expert in Property Investment and Operation Management

Cindy is a professional in different fields, specialised in Operation and Business development. She used to be the representative of many groups in Vietnam and other countries in the world and earned her expertise in property management as well as various fields, especially trade negotiation in European and American markets. Majoring Entrepreneurship during her Master of Business Administration program at the European University, she gained expertise in Operation Management, Property Development and currently is the Chairwoman at LynKey Global Singapore.

https://lynkey.com/#team

Michael Terpin – Founder/CEO of Transform Group, PR and blockchain expert with 25+ years of experience

Michael Terpin has more than 25 years of PR agency management. He has directly supervised many renowned PR campaigns of the digital media era, including early-stage PR for America Online, Earthlink, Jupiter, Motley Fool, Match.com, and Shapeways, as well as full-service campaigns with established brands, including Alpine, AT&T, Diamond Multimedia, Fujitsu, JBL, Konami, Marriott, Memorex, Philips, Rackspace, Red Herring, and TEAC.

In the blockchain sector, Terpin has led the PR efforts for more than 100 blockchain companies and foundations, including some of the leading token crowd-sales. Client successes include the launches of Augur, Counterparty, Dash, Ethereum, Factom, Golem Network, Lisk, MaidSafe, Tether, as well as ongoing campaigns for Bittrex and Shapeshift.

Terpin co-founded BitAngels, the world’s first angel network for digital currency startups, which now has more than 500 members globally.

https://transformgroup.com/experts/michael-terpin/

Charlie Hu – Managing Partner of LucidBlue Ventures

Big Passion on the future of Web3, Decentralized Technology Platforms and Applications. Currently pushing the ecosystem of Polygon and Web3.

Expert in community building, technology-driven innovation ecosystem development and growth marketing. Experienced in Meetup and Hackathon Events Organization. and Tech related content creation.

Member of World Economic Forum Global Shaper Beijing Hub | Organizer of TEDxHangzhou | Organizer of ThingsCon Shanghai | Alumni of Google Launchpad Amsterdam | Google Design Sprint China | Alumni of Aspire Academy Harvard leadership program.

(99+) Yechuan (Charlie) Hu | LinkedIn

Jonathon Gowen – Founding Partner at Blue Capital Partners Ltd

Senior International Private Banker with over 17 years experience in the Ultra High Net worth and Family Office space. Key trusted advisor and “confidant” to family business owners internationally and on multi-generational governance issues.

Fields of expertise:

• Investment Management and Private Investment Banking for UHNW and Family Offices from Developed and Global Emerging Markets.

• Expertise in offshore structuring for UK Resident Non-Domiciled entrepreneurs and Non-Resident clients.

• Sophisticated networking approach through the Investment Club transactions

https://www.linkedin.com/in/jonathon-k-gowen-b11779

Hilton Supra – Vice Chairman of ztudium

Hilton Supra is a business and financial industry veteran and thought leader. Hilton has more than 30 years of Finance, Investment, Banking and Asset Management experience in international markets namely London, Europe, Africa and Asia. This while having a passion for growing businesses, fashion and new technologies, especially fintech and blockchain where he has been deeply involved since these technologies inception. Now, Hilton is co-leading the fashion directory fashionabc as well as technology startup Ztudium.

From Quantitative Asset Management, Capital Markets, Trading software, Hedge Funds and Private Equity, Hilton has worked for Morgan Grenfell, Deutsche Bank, AXA Investment Management, EIM Fund of Hedge Funds (responsible for $2.4bn of $13bn)  and Cheyne Capital. Hilton is a graduate in Engineering from Oxford Brookes University and a Master in Finance at London Business School. Hilton has always been on the leading edge of innovation and technology in banking, derivative trading, quantitative asset management, hedge funds and since 2015 the application of FinTech, AI and blockchain to enterprise solutions.

Hilton Supra, is a partner and board member at ztudium, and the co-founder and one of the leading personalities driving techabc, openbusinesscouncil.org and fashionabc.org platforms.

The event will be available live on the YouTube Dinis Guarda YouTube Channel. See you there!

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Tourism and Property Ecosystem LynKey To Launch A New Talk Show On The Dinis Guarda Youtube About The Future Of The Metaverse, NFTs And Travel appeared first on OpenBusinessCouncil Directory.

Moving Towards Autonomous Technology

The UK is quickly becoming the green vehicle capital of the world. But this is certainly not the only achievement in the vehicle industry that belongs to the British Isles. There are also predicted to be close to one hundred thousand autonomous cars on British roads by 2020. While this might not seem like a massive number, for a fairly fresh tech option, this is certainly quite a large portion of consumers throwing their money behind the new software.

But how could this tech help companies? Well, it’s particularly crucial for any business that has operations on the road. This includes private transportation, logistics and road companies. Any businesses like this should look to the tech as a potential lifesaver to help them avoid the dreaded road accidents that can rock a company to the core. If you see George Salinas and similar car accident attorneys you’ll discover that these experts know the typical causes of collisions on the road. The majority of the time, it’s due to human error. Take human error out of the equation, and you’ll have safer roads which could save companies thousands.

Going Into The Virtual World

It might seem like the virtual tech market has cooled off this year and to an extent it has. In the gaming industry, no company has taken any great leap forwards to use the tech for entertainment purposes. Meanwhile, the idea to introduce VR into the marketing world also seems to have been treated more like a gimmick than a revolution.

But that doesn’t mean that businesses should abandon virtual reality. While the tech is still considerably limited right now, we’re only a few breakthroughs away from it becoming something far more significant. Developers are already toying with the idea of physical interactions in a virtual environment, and this could be huge for any business related to the social interactions. It could change the way we use social media forever so as a business owner, you definitely want to keep an eye on VR and how it develops over the next couple of years.

Machine Learning

Last but not least we need to think about machine learning. Machine learning isn’t just a system, it’s a concept that could have sweeping consequences for every business industry. From medical advances to engineering conundrums, it’s not an exaggeration to say that an advanced machine learning system could reshape the future of our world.

We hope this gives you just a small taste of why it’s important to keep track of new tech as a business owner.

This is an article provided by our partners network. It might not necessarily reflect the views or opinions of our editorial team and management.
Contributed content

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post 3 Innovative Tech Concepts Business Owners Can Not Ignore appeared first on OpenBusinessCouncil Directory.