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What is Microsoft's Metaverse

What is Microsoft’s Metaverse?

The metaverse has marked its strong presence as the next big thing in the field of technology. Even in its development phase, all the assets and commodities of the metaverse have a current market cap of 47 billion dollars and it is expected to rise to a staggering 800 billion dollars in the year 2024! If this fact doesn’t get the attention of top companies around the world to invest in the metaverse then we don’t know what will.

We all are aware that sooner or later the blockchain will take over all the major sectors like finance, IT, and automobiles. This has made the metaverse even more popular as not only the backend of the metaverse will be powered by blockchain technology but its foundation will be based on web 3.0.

Undoubtedly, the metaverse will be bringing a revolution in the coming future, so every big fish of the tech world wants to be a part of it. From Google to Apple, from Meta to Microsoft, every top company in the world wants to associate with the metaverse.

What Microsoft Will Gain From Associating The Metaverse?

It is a common question in everyone’s mind why a tech giant like Microsoft would be willing to invest heavily in the development of their own metaverse which is a relatively new concept in the IT field. Well, this is the best thing about such companies that no matter where they stand they never miss an opportunity to grow and prosper.

We all have heard about the recent acquisition of Microsoft as they buy the tech company Activision Blizzard which is among the top companies in the development of metaverse and blockchain technology right now at a whopping 70 billion dollars. This clearly shows that Microsoft is looking forward to dominating the tech world by developing its own metaverse.

Here are some of the benefits Microsoft will gain on associating with the metaverse:

Enhancing The Gaming Experience

Gaming has been a major source of entertainment and happiness for billions of people around the world. Microsoft is one of the biggest names when it comes to game development. They are also the developers of the Xbox which is the second most popular gaming console after Sony’s PlayStation. A major chunk of Microsoft’s overall income comes from the gaming world and Microsoft tries its best to bring the necessary changes in its games making them one of the best game developing companies in the world

Being associated with the metaverse will allow the developers to integrate virtual reality and augmented reality with the Xbox games which will greatly enhance the overall gaming experience.

And now after getting associated with Activision Blizzard, Microsoft will be able to develop games with metaverse characteristics that will rule the game industry. It’s been hinted through social media platforms that they have begun working on a new project which will include some sublime features of the metaverse.

Introduction To MESH– Microsoft’s Own Metaverse

Microsoft has been working on the development of the metaverse even before acquiring Activision Blizzard. They call their virtual environment ‘MESH’ which is accessible only to the workers and employees of Microsoft.

Basically, the MESH provides a virtual environment where the workers can interact with other Microsoft employees around the world using their respective virtual avatars. It also provides a medium by which the employees can use the Microsoft tools like Windows, Microsoft Team, Publisher, and many tools inside a virtual world.

This has helped significantly in maintaining the progress of Microsoft, especially during the tough covid times as an employee of Microsoft sitting in India can share ideas in person with a Microsoft employee in New York through the virtual world.

Market Value Of Microsoft

One of the main reasons that companies like Microsoft and Meta (Facebook) are investing so heavily in the metaverse is its future impact on the market as it is on the verge of becoming the hottest commodities of the 21st century.

The world has witnessed tremendous growth in the market value of the different metaverse assets like metaverse coins, games, and companies which buy and sell virtual real estate. So every aspiring company wants to be its part from the beginning so that they can make a huge profit and expand in the future.

The association of Microsoft with the metaverse will allow the market value of Microsoft to skyrocket in the coming future that will help Microsoft to be on the top of the tech world.

Conclusion

The increasing popularity of the metaverse has attracted some of the biggest companies in the world to create a metaverse of their own to enhance the user experience. The entire metaverse is based on blockchains and web 3.0 which is the future of modern technology thus making metaverse a popular choice among such companies.

Companies like Microsoft whose major part of income comes through game development will benefit the most from associating with the metaverse as it will introduce the features of virtual reality and augmented reality in the gaming environment which is a dream for gamers all around the world. Moreover, the market capitalization of the metaverse is expected to rise to a staggering 800 billion dollars in the year 2024 clearly depicting the importance of the metaverse in the coming future.

Frequently Asked Questions (FAQs)

The recent 70 billion dollars investment made by Microsoft in the metaverse has shocked the entire world and many people are looking for the reasons that made Microsoft take this bold step. So here is a list of some frequently asked questions regarding the recent associations of Microsoft with the metaverse.

What is Activision Blizzard?

Activision Blizzard is one of the top tech and gaming companies of America which is associated mainly with the metaverse and blockchain-based projects. Recently, Microsoft acquired this company for 70 billion dollars for the development of their own metaverse.

Does Xbox support virtual reality?

Currently, Xbox doesn’t support the features of virtual reality like its rival Playstation. But seeing the progress of Microsoft in the field of the metaverse is a clear indication that Xbox will be soon integrated with the features of virtual reality.

Is MESH Microsoft’s Own Metaverse?

Yes, MESH is a virtual environment that is specifically designed for Microsoft’s employees to interact with other employees of Microsoft around the world and use all the major tools of Microsoft in a virtual world which will give an entirely new experience.

Is associating with the Metaverse profitable?

Yes, MESH is a virtual environment that is specifically designed for Microsoft’s employees to interact with other employees of Microsoft around the world and use all the major tools of Microsoft in a virtual world which will give an entirely new experience.

Has a full-fledged metaverse game developed yet?

If you are talking about the feature of being able to enter the game as our virtual avatar and experience everything on our own then no, our metaverse progress has not reached that point yet. Although there are many games where you can experience virtual reality and some other characteristics of the metaverse, still a lot of development is required to reach that point.

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