The Metaverse is a growing industry with immense potential. In this blog post, we’ll explore some of the most promising Metaverse companies in the world in 2022. These companies are developing groundbreaking technology that will enable billions of people to connect and interact in virtual worlds. But let us first clear the cloud-related to what the Metaverse actually is. The Metaverse is a term first used by science fiction writer Neal Stephenson in his 1992 novel Snow Crash. It refers to a shared virtual reality where users can interact with each other and with digital objects. The term is often compared to the Matrix, a virtual reality environment in the 1999 film. A Metaverse can be entirely virtual, like Second Life, or a mix of virtual and real-world elements, like Pokemon Go. Users can create avatars to represent themselves in the Metaverse, and they can interact with other users and with digital objects in the Metaverse. As the Metaverse continues to grow in popularity, so do the number of companies operating within it. From small startups to large enterprises, there is a growing number of businesses that are looking to capitalize on the Metaverse. This article will list the top Metaverse companies in the world in 2022 that are meticulously developing this technology. However, a point to be noted is that this article does not rank the companies according to the positions they are placed in.
When talking about Metaverse, it is inevitable to mention the most popular Metaverse company, Meta, formerly known as Facebook. Meta revealed that the Metaverse organization is concentrating on creating a supercomputer with a quintillion operations per second to power the Metaverse. Meta has selected the European Union to develop its high-tech technology that has the potential to revolutionize the way we interact with each other in the virtual world. Recently, Meta also announced its plans to launch Horizon Worlds social metaverse platform on the web. This will be a significant development towards making metaverse more accessible to users across the globe, as the Horizon Worlds social metaverse platform is currently available only for Meta’s Quest VR Headset users. The company claims that it is transforming social technology by pushing past 2D displays and into immersive experiences like virtual and augmented reality as a step to entering Web3.
Decentraland is a virtual reality platform that enables users to explore the Metaverse and experience novelty. In Decentraland Metaverse, users can explore LANDs owned by others to experience incredible scenes and structures. Using the simple Builder tool, users can create scenes, artwork, challenges, and more, then participate in events to earn prizes. Virtual reality, app development, game creation, cryptocurrency, and 3D art and design are all services offered by Decentraland. When customers buy virtual plots of land using the Metaverse technology of Decentraland, it helps them build and monetize various apps and content.
- Hyperlink Infosystem
Hyperlink Infosystem is an Indian Metaverse company that develops decentralized space for gaming, socializing, and other industries. Though the company is renowned for its skill in creating cutting-edge websites and mobile applications, with the invasion of Metaverse, it has stepped into this technology as well. Users-friendly apps with blockchain-specific characteristics like automation, security, transparency, and user authority can be created by Hyperlink Infosystem’s Metaverse developers. It has more than 650 highly qualified employees that are constantly prepared to develop solutions employing next-generation technologies like the Metaverse that maximize customer ROI.
Global technology giant Microsoft is also in the race to create its own Metaverse. Recently, Microsoft also acquired leading video game developer, publisher, and distributor Activision Blizzard for a whopping $68.7 billion as a step for Microsoft toward building its Metaverse. CEO and Chairman of Microsoft, Satya Nadella, mentioned that gaming is one of the most dynamic categories in the entertainment industry across all platforms, and it will play a vital role in the development of Metaverse. Additionally, the company recently assembled a panel of top specialists to talk about the company’s Metaverse plan at Microsoft Build 2022. Moreover, to provide Metaverse users access to new capabilities, Microsoft is also developing a new augmented reality chipset alongside Qualcomm.
- Tech Mahindra
Tech Mahindra recently launched TechMVerse, the company’s Metaverse practice, to deliver interactive and immersive experiences in the Metaverse for its customers. According to the company, Tech Mahindra will use its industry-leading network and infrastructure capabilities as well as its foundational technological capabilities, including pervasive Artificial Intelligence (AI), Blockchain, 5G, Augmented Reality (AR), Virtual Reality (VR), and Quantum Computing, to build B2B use cases across sectors. Tech Mahindra is prepared to use the Metaverse’s potential to create futuristic experiences right away.
Accenture is one of the world’s leading information technology companies that have also now stepped into the Metaverse. The company is providing Metaverse development services to bring human connection into the digital world. Accenture recently launched its Metaverse Continuum, which will change how firms connect with their clients, how work is done, what goods and services they offer, how they produce and deliver them, and how they run their company. Accenture mentions that the Metaverse, as the next development of the internet, will be a continuum of quickly evolving capabilities, use cases, technologies, and experiences.
Unity is one of the most prominent Metaverse companies famous for developing innumerable mobile games. Unity enables game developers to create high-quality graphical material that is compatible with all devices, including phones, consoles, computers, and virtual reality. By letting everyone participate in Metaverse content generation, Unity has the ability to give artists and creators the tools they need to thrive in the Metaverse. Moreover, the company is also working on new applications for its graphics tools, such as video animation, architecture, and other related fields.
Infosys had launched its Metaverse Foundry, which brings together the strength of platforms, digital accelerators, and strong partnerships in a dynamic creator-partner economy. The technologies that are included in Infosys’s new service include XR, DLT, 5G, AI, IoT, and many more, which are crucial for the development of Metaverse. Additionally, the company’s collaboration tool allows remote users to get together, chat, and exchange data in real-time in a shared virtual and immersive 360 environment. With all these capabilities, Infosys is definitely one of the leading Metaverse companies in the world.
While speaking of Metaverse, NVIDIA is definitely a Metaverse company that deserves a spot on this list. NVIDIA had earlier launched its Omniverse platform, which is a scalable, multi-GPU real-time reference development platform for 3D simulation and design collaboration and is based on Pixar’s Universal Scene Description and NVIDIA RTX technology. This development was a significant step toward the end of NVIDIA to develop a Metaverse. Moreover, the company also announced the Metaverse Standards Forum, an open venue for all interested parties to discuss and debate how best to build the foundations of the Metaverse.
Everdome provides a destination for Metahero’s remarkable tech to live, interact and flourish. The Metaverse organization offers a platform for anybody to develop a very real-life version of the Metaverse. The goal of the company is to provide the best possible Web3 experience to users leveraging cutting-edge technologies like virtual reality and others.
Global eCommerce and technology giant Amazon is also not behind the race to create Metaverse. The company recently launched Amazon View, an augmented virtual room that provides the fundamental layout of a house in 3D, which has the potential to revolutionize the eCommerce sector and consumers’ shopping experience. This will be a significant step for the company towards developing a full-fledged eCommerce Metaverse. Users can seamlessly decorate their rooms virtually using the tool, which is more like an extension of an actual Metaverse.
- The Sandbox
The Sandbox is developing a decentralized gaming platform using non-fungible coins and blockchain technology for Metaverse. The fact that it is the third-largest Metaverse based on the Ethereum blockchain makes it one of the top Metaverse organizations in the world. The Dubai Virtual Assets Regulatory Authority (VARA) had announced the purchase of a plot of property in The Sandbox Metaverse to build its virtual headquarters, which proves the popularity of the Metaverse.
- Somnium Space
Somnium Space is a blockchain-based open, social, and persistent VR platform. Somnium Space has 5,000 land parcels that are unevenly distributed among plots along with a pre-generated map. The best part this that the platform gets regularly updated Though the platform got publicly available in 2018, it was launched back in 2017.