This week, we highlight the potential of artificial intelligence (AI) for the metaverse. Far from a competing technology, AI might power virtual worlds and accelerate their adoption. Polygon Labs, for instance, just launched an AI-powered NFT project that allows users to create NFT avatars through text-based prompts. More broadly, thanks to recent developments in AI like ChatGPT and DALL-E, a future in which users can create their own strange, immersive worlds is not far off. As Time Magazine reports, three new text-to-3D generators were announced recently: GET3D from Nvidia, Make-a-Video from Meta, and DreamFusion from Google.
This trend is accelerating alongside more and less positive developments. On the less positive side, the tech layoffs are impacting the metaverse sector, with Microsoft firing most of its virtual reality team. On the more positive side, countries such as South Korea, and institutions like the World Economic Forum, are treating the metaverse seriously – and pioneering experimental projects. Together, these developments might mean that the tech layoffs will have little effect in the long run. Backed by new technologies and an increasing number of large players, the metaverse is here to stay.