Microsoft Official Has High Hopes for Metaverse

UTC by Sanaa Sharma · 3 min read
Microsoft Official Has High Hopes for Metaverse
Photo: Depositphotos

Microsoft association with Metaverse firm Touchcast has resulted in data manufacture of the Fiat model, which according to Bzeih, is a “natural progression”.

American multinational technological corporation Microsoft (MSFT) has high hopes for the metaverse in the future. In a talk recently, Microsoft Chief Strategy Officer Henry Bzeih claimed that the world would inch towards a more profound virtual arena, with a hybrid prototype being the next big thing for customers and corporate relationships.

According to Bzeih, the discussion on the client experience and feedback will have to include the utility of the metaverse. Bzeih has had a twenty-eight-year-long stint in automotive and technology-related space.

Bzeih adds to his talk by explaining that Microsoft is essentially working on mobility cross-functionality, which helps modify how customers utilize the platforms to shop. A particular to be noted here is the way customers purchase cars at present. Instead of taking the effort to go to a local dealer to select their preferred car, the client can simply change the colors, features, and utilities of the car on metaverse. He also mentioned Fiat 500e, which will be showcased in Microsoft’s digital car showroom.

Microsoft association with Metaverse firm Touchcast has resulted in data manufacture of the Fiat model, which according to Bzeih, is a “natural progression”. Microsoft is looking at the world of metaverse development from an audience’s perspective in an enablement mode. The company is working on curating its clientele’s edge-to-cloud product and solution regions.

The problem lies in being able to bring forth the metaverse-enable car sale and purchase to the US market. The entire procedure is somewhat tedious as it needs to comply with the idea of independent franchise owners who usually, find the metaverse rather difficult to understand. The way forward, according to Bzeih, is to create a hybrid version that allows enterprises the assurance and safety that the massive amount of money invested in physical institutions doesn’t go waste.

The Tech giant was also recently in news for disallowing its customers to mine cryptocurrencies on its online services without prior written permission.

While the company did not provide information on the ban, in an update on Azure, it said that crypto mining in all online services has been halted to protect the partner ecosystem. This is, however, not the first time a major tech company has prohibited crypto mining on its online platform. Google also has an equivalent policy that doesn’t allow people to mine without prior written approval.

Moreover, Amazon’s AWS also restricts crypto mining for its twelve-month free trial. Customers could be levied a fee if they opt to mine on AWS and may have their accounts suspended.

Previously, a Microsoft-owned video game Minecraft prohibited non-fungible tokens (NFT) from its game to make sure that the players have a safe and inclusive experience.

News, Technology News
Sanaa Sharma
Author Sanaa Sharma

Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.

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