Facebook is banking heavily on metaverse; what are others up to?

3 min read | November 03, 2021 04:47 PM AEDT | By Ashish

Highlights

  • Facebook’s latest move of changing its corporate name to Meta has sent shockwaves through the global tech sector.
  • Metaverse refers to a shared virtual environment and is expected to be a successor to the mobile internet.
  • Besides Facebook, there are a few other big names too that have been working on the concept of metaverse.

Facebook’s latest move of changing its corporate name to Meta to focus on building a metaverse has sent shockwaves through the global tech sector. The social media behemoth, which has invested heavily in augmented and virtual reality, will officially change its stock ticker to MVRS on 1 December 2021.

Facebook’s virtual reality subsidiaries – Oculus and Horizon – will probably play a major role in its latest metaverse push. The company also informed that its hardware division Facebook Reality Labs would become a separate reporting unit.

“Today we are seen as a social media company, but in our DNA we are a company that builds technology to connect people, and the metaverse is the next frontier just like social networking was when we got started,” Zuckerberg said last month.

However, CEO Mark Zuckerberg-led Facebook is not the only one to recognise the potential of metaverse which, in simple terms, refers to a shared virtual environment and is seen to be a successor to the mobile internet. There are a few other big names too that have been working on the concept. Here we discuss a few big names working on parallel lines.

Microsoft’s Mesh

Microsoft is said to be one of the earliest tech firms to have recognised the potential of metaverse. In July this year, CEO Satya Nadella talked about "enterprise metaverse". The concept is to work on a plan to integrate the Internet of Things, digital twins, and mixed reality so that company is able to boost its dominance in the professional software market.

The company has been developing its own version of metaverse via Mesh. The company aims to connect its users across any devices (smartphones, laptops, headsets, etc.) into shared spaces where they can interact.

Source: © Ekkasit919  | Megapixl.com

Nvidia’s Omniverse

According to experts, Nvidia’s graphics and video processing chips, which are used in high-end computing servers, supercomputers, artificial intelligence, and virtual reality applications, have a big role to play for metaverse to emerge as a reality. The chipmaker is also developing its own metaverse platform Nvidia Omniverse.

The platform is used for connecting 3D worlds into an integrated virtual universe. According to the company, the platform can be used to design collaboration and real-world architecture simulation. It can also be used for training robots.

Unity Software’s UGS

Unity Software is another big name in the field. It owns two main 3D video game engines. Many games rely on Unity’s tech. The company recently entered into a partnership with Tripolygon, a 3D modeling service, focusing on metaverse applications.

The company’s Unity Gaming Services (UGS) platform., Unity enables creators to develop 2D and 3D content for AR and VR devices alongside other consumer smart devices. In addition, UGS also facilitates cross-platform launches.

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