ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
What's Hot

Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix

March 20, 2023

Nonprofit to expand DLT adoption through grants of up to $5M

March 20, 2023

Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens

March 20, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • CRO
  • ETH
  • BRC
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix

    March 20, 2023

    Nonprofit to expand DLT adoption through grants of up to $5M

    March 20, 2023

    Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens

    March 20, 2023

    Synthetix nets $20M from Web3 quant trading firm

    March 20, 2023

    Arthur Hayes Forecasts ‘Most Hated’ Bitcoin Rally Ever As Infinite Money Printing Ensues

    March 20, 2023

    Will the Fed stop rate hikes? 5 things to know in Bitcoin this week

    March 20, 2023

    Taiwan watchdog FSC to assume authority on crypto regulation

    March 20, 2023

    Fed, central banks enhance ‘swap lines’ to combat banking crisis

    March 20, 2023

    Synthetix nets $20M from Web3 quant trading firm

    March 20, 2023

    These 5 cryptocurrencies may continue to surprise to the upside

    March 19, 2023

    Grayscale extends review of ETHPoW decision

    March 17, 2023

    Euler Finance hacked despite 10 audits in 2 years, says CEO

    March 17, 2023

    Top Ethereum Rival Could Be Gearing Up for Glorious Move, Says Investor Who Called 2022 Crypto Bottom

    March 20, 2023

    Ethereum (ETH) Creator Vitalik Buterin Outlines Favorite Crypto Security Strategy

    March 19, 2023

    Whales Quietly Boosting Ethereum Altcoin That Exploded 114% This Week: On-Chain Data

    March 19, 2023

    Silicon Valley Bank Implosion Whipped Up Frenzy of DeFi Transactions As Crypto Assets Rebounded: DappRadar

    March 18, 2023

    Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix

    March 20, 2023

    Nonprofit to expand DLT adoption through grants of up to $5M

    March 20, 2023

    Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens

    March 20, 2023

    Synthetix nets $20M from Web3 quant trading firm

    March 20, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    Crypto is Exploding! Confronting Gareth Soloway on His Latest Bitcoin Prediction [Time Sensitive!]

    March 19, 2023

    The Man Behind The Crypto Crackdown!! What's Coming?!

    March 19, 2023

    😱 Crypto BANNED in the US?! The SHOCKING Truth About Stable Coins! 🔥 | #StableCoins #shorts

    March 19, 2023

    Master Your Wealth With The Right Mindset

    March 19, 2023

    Bitcoin Price $1 MILLION by June 17th! Microsoft Buys Ethereum!

    March 18, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.003.36% 24H
    BITCOIN
    24H : 3.36%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.25% 24H
    ETHEREUM
    24H : -0.25%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.000.100% 24H
    TETHER
    24H : 0.100%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-0.30% 24H
    BNB
    24H : -0.30%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.03% 24H
    USD COIN
    24H : -0.03%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.98% 24H
    XRP
    24H : -3.98%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-0.39% 24H
    CARDANO
    24H : -0.39%
    Volume : $0.00
    Marketcap : $0.00
  • matic-networkPolygon(MATIC)
    $0.00-3.21% 24H
    POLYGON
    24H : -3.21%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.003.36% 24H
    BITCOIN
    24H : 3.36%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.25% 24H
    ETHEREUM
    24H : -0.25%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.000.100% 24H
    TETHER
    24H : 0.100%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-0.30% 24H
    BNB
    24H : -0.30%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.03% 24H
    USD COIN
    24H : -0.03%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.98% 24H
    XRP
    24H : -3.98%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-0.39% 24H
    CARDANO
    24H : -0.39%
    Volume : $0.00
    Marketcap : $0.00
  • matic-networkPolygon(MATIC)
    $0.00-3.21% 24H
    POLYGON
    24H : -3.21%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » What Are the Challenges to Building an Interoperable Metaverse?
Metaverse

What Are the Challenges to Building an Interoperable Metaverse?

XR TodayBy XR TodayJuly 5, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

As the lines between the real and the virtual continue to blur, the Metaverse is taking us towards a more immersive, enhanced, and realistic digital environment.

Businesses and brands are actively looking for strategies to position themselves in the Metaverse so they can take advantage of its unlimited potential. Despite this, the Metaverse still faces significant obstacles that hinder its widespread adoption, with one of the primary hurdles being a lack of interoperability.

By preventing users from freely navigating virtual worlds with uniform standards, it limits users’ access to the Metaverse and confines their movement to a single project.

To overcome this, industry stakeholders must work towards interoperability, much like how APIs enable the same for unified communications or business apps.

Understanding What is an Interoperable Metaverse

An interoperable metaverse is essentially one without borders. In our real world, people may travel to several locations and easily transport their material possessions from one location to another. The same interoperability and consistency is desired by users inside Metaverse projects.

As a result, the interoperable metaverse will be a global network of linked systems. To enable it to function, developers will construct it on a network of public and private guidelines, norms, and regulations. Cross-chain design improves interoperability, which is a “communication connection” that enables easy information transfer.

A Metaverse initiative with interoperability features may communicate with other Metaverse projects, use their services and features, and allow cross-chain social networking, commerce, and a variety of other activities that are impossible in an ecosystem divided into separate sectors.

Challenges to Building an interoperable Metaverse

An interoperable Metaverse has not yet materialized, and ideally, it would encourage collective experiences for everybody, but the first challenge is the widespread adoption of VR headsets. Other issues to consider are the ability to migrate user’s assets from one Metaverse to another as well as business implications.

Regarding technical issues, even though two hypothetical Metaverses use the same engine, it could be difficult to import things between them. For example, fashion designers can create virtual clothing in Metaverse A, complete with real-time clothing physics. On the other hand, Metaverse B may have completely different physics engines or appearances.

Here, instead of attempting to create a single interoperable garment, a company would be better off creating two fresh shirts, one for each Metaverse. Further, challenges in creating an interoperable Metaverse are the following:

  • Economic issues: establishing the right economic incentives and mechanisms that encourage users to exit core apps or platforms and traverse multiple worlds via the Metaverse.
  • Persistent connectivity problems: For the Metaverse to have a growing user base, it must remain open and accessible. To permit global participation, the Metaverse must also be designed as accessible and decentralized similarly to the internet.
  • Technology lagging behind: There will be specific software and programming techniques required to integrate off-chain and on-chain platforms into a unified, open metaverse.
  • Challenges rooted in user psychology: Most users are largely pragmatic and typically remain engaged on familiar app ecosystems, leading to a conflict over alloting sufficient resources and adequate capital from investors, further hindering the pursuit of an interoperable metaverse.

Interestingly, Meta Platforms Inc. wrote in a blog that an interoperable Metaverse “isn’t an absolute — not every element of metaverse experiences needs to be, or will be, compatible with others.”

Addressing the Interoperability Challenge in the Metaverse

Projects may identify workarounds for this problem on a business level. Fees on the sales of interoperable items might be used to split the profit across all participating Metaverses. As an alternative, Metaverses may work out cross-promotional agreements and look at additional opportunities to produce shared value.

Developers working on the Metaverse will find it simpler to manage interoperability inside larger cross-platform ecosystems thanks to ready-made frameworks and software developer kits (SDKs).

Such tools are already in development, with initiatives like Univers creating a backbone that Metaverse developers can utilize to integrate their creative content into a larger network of interconnected services and decentralized apps.

Furthermore, improvements in computing capability and power are required to operate a linked Metaverse environment. This area has seen progress due to developments in quantum computing, which have significantly increased rendering speed and computational power. Currently, modern computers are insufficient to meet the demands of such a complex environment, leading to the development of inventions like Meta’s Research SuperCluster (RSC).

Although the most challenging component of interoperability may be technical interoperability, appropriate meta-economics also need a high level of interoperability. The World Economic Forum recently established its Defining and Building the Metaverse project in response by untiting important stakeholders to create an economically sustainable, interoperable, secure, and inclusive metaverse.

Two elements will be the initiative’s focal points. The administration of the metaverse, or how its technologies and environments may be built in a safe, secure, interoperable, and inclusive manner, is the primary area of focus. The second will concentrate on value creation and outline the opportunities and dangers that organizations, people, and society as a whole will face as the Metaverse materialises.

Closing Thoughts

In order to attract more users, interoperability may become a critical selling factor for projects. Developers of the metaverse should make an effort to address the associated commercial and technical issues. Rather than developing isolated hardware and software stacks, they need to look to the future and create what would become, “a Metaverse of metaverses.”

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Which XR Firms Are Leading the Charge for Interoperability? 

March 17, 2023

Big XR News Microsoft, VITURE, Meta, Ready Player Me, and House of Blueberry

March 17, 2023

Goodbye AltSpace VR, Hello Microsoft Mesh

March 16, 2023

The State Of XR In the Automotive Industry

March 15, 2023

What is the Future of Work?

March 15, 2023

VITURE’s Steps Behind Debuting an XR Consumer Device

March 15, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix

March 20, 2023

Nonprofit to expand DLT adoption through grants of up to $5M

March 20, 2023

Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens

March 20, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.