The last decade was the internet era. Now the upcoming decades are the metaverse era. The metaverse will allow for more interaction, collaboration, and immersive virtual worlds than the internet. Despite the many startups and technologies that have dabbled in this area, blockchain technology emerged as a technological platform that will support and help build a sustainable ecosystem for metaverse. Gaming NFT markets are an example of a budding metaverse. Leading gaming companies that are eager to start their Blockchain Metaverse projects decentralized are entering the metaverse space confidently, signaling that virtual reality and metaverse is the future.
What is Meta?
Metaverse does not refer to any particular technology. It is a general shift in the way that technology interacts with us. The technologies that make up the metaverse include virtual reality. This is a category that includes obstinate virtual realities that exist even when the user’s not active. It also includes amplified reality which combines the elements of the digital and physical worlds. Virtual reality is interoperable and allows you to move virtual objects such as clothes or cars between platforms. Most platforms have virtual identities and avatars that are tied to a single platform. You might still be able to use your metaverse to allow you to transfer your avatar from one platform into another. Let’s examine the core value the metaverse will look to attribute in order for us to better understand the metaverse.
- Metaverse will be permanent, meaning it will never reset or pause but will continue on indefinitely.
- It will be live and synchronous, as the pre-determined events in real life will also take place. However, the Metaverse will be an experience that everyone can enjoy in real-time.
- Metaverse can be an economy with full functionality where people and businesses can sell, buy, own, invest, and get widely recognized for their work.
- The metaverse experience can be accessed from both digital and real worlds. It will include private and public networks, open and closed platforms, and digital and physical worlds.
- Digital assets and digital content can be interoperable in unprecedented ways
- The metaverse will include content and experiences created by a variety of contributors. These contributors can be independent individuals or informally organized groups.
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