Web3 And AI: The Digital Revolution Brings Many Opportunities.
In a market period dominated by uncertainties and doubts, Synapse wants to look at a future chuck full of changes, each and every one of them with far-reaching repercussions.
While the Synapse Network can’t focus all of its resources on the exploration of this new technology, we are still allocating a good deal of manpower into the development of what may a day become another pillar of our ecosystem.
Recent market studies are showing that the metaverse is an $800 billion market already, with the potential to explode both in reach and popularity, also thanks to the many integrations that can be implemented into its digital landscape, alongside other major technological advancements that can be reached by combining its power with something like AR tech, VR tech and, more importantly, AI tech.
With the way data sets are collected and compiled in the mainstream market, and with the improvements that can be made to this process simply by introducing Blockchain technology into the equation, we are sure that the Metaverse will prove to be another step taken in the right direction.
By combining all of the previously mentioned features with the efficiency granted by self-learning AIs we are looking at a market that is primed to bloom in a way never seen before.
The Metaverse Userbase will have a fully customisable, free world to explore and interact with, while each new opportunity discovered will also mean more value from a B2B and B2C perspective.
While there is a lot of speculation over how this can actually happen, and what will the necessary steps to reach this point look like, the final vision is there and the majority of experts are all on the same page: the Metaverse is a huge revolution in the way we see, perceive and experience the digital world, and with its proper development we can expect a huge socio-economical shift in the modern world.
Understanding the implications of AI: Ethical Limitations, Biases and Safeguards.
Because AI algorithms are created by people with biases, they are often developed to follow the thought patterns and principles of their creators, which are then multiplied and enhanced by the AI itself.
We have seen in a couple of real-world instances how AI can create gender discrimination for example, by following and magnifying the initial tendencies found in the datasets provided by its creators.
And while this particular bias can be followed back to a human mistake, before we begin to actually utilize the full potential of AI tech in such an open market, we first need to establish the base rules that everyone will need to follow to lead to the least amount of problem.
In fact, the solution to mitigate this ‘uncontrolled AI development pattern” is quite simple, and yet very difficult: a set of commonly shared ethical standards will need to be developed and applied in all organisations making use of Public Interacting AIs.
From our point of view, the dark patterns that many AI develop can be curtailed pretty effectively, but since most of the AIs currently on the market are still in their infancy stages, we have not yet seen this solution applied to the maximum of it’s potential, and we absolutely need to make sure that Metaverse related AIs will be developed with much higher levels of safety and care for all the people interacting in that particular social environment.
Industrial Strength Advantages Of the Metaverse: Using AI to translate messages in real-time.
The prospect of everyone becoming super polyglots, able to speak multiple languages, is exciting, and with a simple AR interface connected to an AI-Driven input system, this particular prospect is getting closer and closer every day, with prototypes of this technology already on the market.
The Metaverse will see many users communicating in their own language with AI-based language technology helping them talk with other users in real-time, giving us the chance to not only collect the data necessary to improve and polish this technology but also train the AI itself in a way that can’t be replicated in a Beta Test Environment.
This same exact setup can be used in multiple industries, in multiple businesses and in multiple ways, to improve and develop new manners in which the market can answer to its customers, and to create more opportunities for the customers to actually change the final products based on their own feedbacks.
While we used languages as an example, we simply wanted to bring up a perspective that can be easily understood and confirmed by a quick google search, but the possibilities granted by the metaverse are many for a lot of mainstream market giants and are actually endless for the substrata of small and medium-sized institutions that are usually left with the scraps of the bigger companies above them.
We are aware that those giants will find more success in developing the technology, thus reaching ahead of the market, but it’s the first time in history that by utilizing what is being made, smaller players will be able to actually make a difference.
It’s important to see the Metaverse as what it is in its most fundamental stage: a huge, massive ecosystem still expanding in ways that no one can predict.
We, just like you, can see the common trend, or the more obvious ones, but there will always be something new in such a market, and we can’t wait to see what people will be able to make of themselves following this revolution.
The Metaverse: A Giant Outlook on the Revolution, and an Almost-Case-Study on Zuckerberg’s interest in the digital market.
We have already explored how the metaverse has great potential for companies to gain more visibility in the virtual world. People are already spending a lot of money on virtual fashion and this trend will continue.
Brands are aware of the need to find ways to create online experiences that feel authentic or even better than in-person interaction. This is a very high bar to cross and intelligent linguistic communication will be part of this challenge, as shown in the example of how game breaking will be AI Translation tech.
The final aspects of the metaverse are unknown. However, even while ignoring the ethical issues that may be caused by non-restricted AIs, purely from an economic standpoint no one wants to be the brand remembered for how their AI disproportionately influenced one group of people over another or how their AI dehumanised their product.
The will of AI is to get better and better at predicting human behaviours and needs by following their patterns, thus helping the market adapt to what its clientele wants.
Right now, we have an example of someone trying to speed up the adoption process of this technology right in front of our eyes, thanks to the single-minded pursuit of Ai tech by what was once known as Facebook.
While Synapse is in fact more interested in what’s going on in the DeFi ecosphere, Meta AI and their Metaverse research is something that will affect all of us, and more importantly, is something that’s actually giving us data that we can adapt to our own market.
Most of the projects that have been shared by this body are quite brilliant, unlike so much of the research shown in the purely academic spheres since they potentially lend themselves to a variety of practical and non-trivial use cases in different contexts.
Some of the declarations made by Zuckerberg himself lead us to know why this research is already focused on these practicalities: Mark was already aware of the possibility of this kind of technology surfacing, and he prepared to be one of the first in line to develop it to the utmost.
It is now also clear why the majority of AI research projects have been released as Open Source: officially to encourage Open Science and collaboration with other entities but mainly to accelerate the implementation of the metaverse as envisioned by Zuckerberg & Co.
Apart from the idea of the metaverse as a new space for socialisation and collaboration, we are now seeing more and more use-cases appearing outside of Zuckerberg’s ecosphere, and while apparently it seems that the group’s business model will remain their traditional one and that the Metaverse will only be an aid to complement their already vast data collection network, we are sure that other entities will express more interest in the myriad of other ways that the Metaverse can be used.
Not to mention the multiple privacy issues that will inevitably arise due to the new philosophy of a multi-modal, unified model that continues to learn from its environment in first-person user experience applications.
In the same way, no mention has been made of a preliminary path of etiquette and user education to the new paradigms that the metaverse brings, which may ultimately bring down Meta earning power due to the many ethical problems that such technology may bring with its development.
Synapse as an institution is more than happy to see this supergiant of the market take so much risk and sink so much money into the development of this technology, and while we are aware that this may lead to the ultimate triumph or the ultimate demise of Meta as a business, what we know for sure is that their research is going to be used by all the projects working in the metaverse, and as such, we welcome this full force sprint that Zuckerberg is making to develop AI and Metaverse tech ahead of everyone else.
About Synapse Network
Synapse Network is developing a cross-chain investment and start-up acceleration ecosystem based on blockchain technology to give everybody an equal chance to contribute to great upcoming projects and to do so early on. We are bridging the gap between the traditional & crypto market. The idea of the Synapse Network technology goes beyond the standard offer of launchpads available on the market, becoming a true technological brand providing tech solutions.