Microsoft dives into Metaverse and DeFi with Teams and Xbox updates

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The United States tech giant Microsoft is diving into the Metaverse through fresh updates to Microsoft Teams and its Xbox gaming console services. It has also planned to launch a new product named “Dynamics 365 Connected Spaces.” Metaverse technology is responsible for fusing cryptocurrencies, blockchain technology, non-fungible tokens, and blockchain gaming.

On November 2, during the famous Microsoft Ignite conference, Satya Nadella, the Chief Executive Officer (CEO) of the company, announced his plans for Teams and Spaces.

Nadella also tweeted about the company’s strategic plans with a brief video attached to it. In the video he said:

“The Metaverse enables us to embed computing into the real world and to embed the real world into computing. Bringing real presence to any digital space. What’s most important is that we are able to bring our humanity with us, and choose how we want to experience this world.”

The metaverse is here, and it’s not only transforming how we see the world but how we participate in it – from the factory floor to the meeting room. Take a look. pic.twitter.com/h5tsdYMXRD

— Satya Nadella (@satyanadella) November 2, 2021

Teams will roll out the initial set of updates in 2022 to offer users their personalized virtual avatars and 3-D immersive spaces. The company has made the system in such a way that the Metaverse can be accessed from any device with zero special equipment requirements.

Several organizations will also have the option to create custom spaces to conduct contexts like professional meetings and “social mixers.”

Connected spaces by Microsoft

Microsoft’s new product, Dynamics 365 Connected Spaces, is ready for its first preview in December. It will blend the Metaverse with artificial intelligence to help businesses increase their experience and efficiency.

Connected Space’s General Manager Vishal Sood posted a blog recently where he mentioned that the product is helpful to analyze observational data from cameras from the factory floor, which is called a “hybrid work environment.”

Nadella, during an interview with Bloomberg, said that Xbox is definitely working on the integration of Metaverse into its gaming services. He, however, didn’t comment on any concrete strategy for the gaming sector.

Microsoft has added itself to the list of major companies that are planning on Metaverse. Previously, Nike has also revealed its application for trademarks of its iconic logo along with the slogan saying” online virtual worlds.” Additionally, the footwear giant has posted two job listings for digital material designers.

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