IN October 2021, Mark Zuckerberg declared his ambition to take internet users into the metaverse, this virtual space of the future. If web giants and brands have massively invested in the metaverse, this digital double of the physical world is still struggling to convince -- both the general public and developers.
More than 2,300 game developers were surveyed about the metaverse in the "State of the Game Industry 2023" report, published ahead of the upcoming Game Developers Conference in San Francisco (March 20-24).
Many are skeptical about this concept, which refers to large, interconnected virtual worlds where users will be able to access a multitude of services through avatars. On paper, at least. In fact, 45% of the developers surveyed believe that the metaverse will never deliver on its promise. Only 33% thought the same in 2022.
So where does this wariness come from? First, the idea of the metaverse itself. Major tech companies, brands and states do not agree on a single definition of this word, which first appeared in the 1992 novel "Snow Crash" by Neal Stephenson.
The metaverse is a concept that is all the more difficult to understand because it is based on technological advances that are still in development, such as Web3, NFTs and virtual reality. All in all, it's not easy to find your way through this myriad of futuristic terms.
Technical limitations also hinder the metaverse's move into the mainstream. Virtual reality headsets have still not been widely adopted because of their relatively high price. Count $399 for the Meta Quest 2 (formerly known as Oculus Quest), and $799 for the HTC Vive Pro 2. And costs can rise quickly if you add accessories such as joysticks, position sensors, a case or a lanyard.
Despite this, some digital giants seem to be further ahead than others in developing what some describe as the next generation of the internet, Epic Games in the lead. In fact, 14% of the developers surveyed believe that the publisher of the hit game "Fortnite" is the most likely to move internet users into the metaverse, followed by Meta and Microsoft (7%).
With this in mind, the American video game company recently participated in a $30 million fundraising round for Hadean. This British start-up's ambition is to put "supercomputer levels of processing power at the disposal of anyone" -- an essential step in building the infrastructure necessary for the metaverse.
But much still needs to be done, according to one anonymous developer quoted in the "State of the Game Industry 2023" report: "[the metaverse] needs to be viewed as an irreplaceable part of people’s lives. It needs to offer a truly unique experience that you literally can’t get somewhere else and not just ‘that thing we can already do, but in VR.'" Meta and other big tech firms are working on it.
ETX Studio
Sat Jan 28 2023
Big tech firms, brands and states are yet to agree on a universal definition of metaverse. - ETX Studio
COP29 climate summit draft proposes rich countries pay $250 billion per year
The draft finance deal criticised by both developed and developing nations.
Bomb squad sent to London's Gatwick Airport after terminal evacuation
This was following the discovery of a suspected prohibited item in luggage.
Kelantan urges caution amidst northeast monsoon rains
Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM
Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024
For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.
King Charles' coronation cost GBP 71mil, govt accounts show
The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Couple and associate charged with trafficking 51.9 kg of meth
A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
PDRM to consult AGC in completing Teoh Beng Hock investigation
The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Thai court rejects petition over ex-PM Thaksin's political influence
Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Abidin takes oath of office as Sungai Bakap assemblyman
The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
UPNM cadet officer charged with injuring junior, stomping on him with spike boots
A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Elon Musk blasts Australia's planned ban on social media for children
Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.