Metaverse is a virtual place consisting of divisible areas (lands) that can belong to individuals, on which various concepts can be created and can be converted into money. In the previous section We reviewed the metaverse and discussed the opportunities it offers. In this section, we’ll continue with the remaining opportunities, seeing the technology behind the metaverse and the top projects currently working on it. Opportunities (continued from Part 1: What is the Metaverse?)…
7. Lifestyle
Imagine someone working in the Metaverse, perhaps wanting to take a break as a receptionist for an art gallery’s digital store. They walk down the hall and go to the movie theater. They hold NFTs as tickets and watch a movie. Re-imagine the Amazon in 3D. The same person can walk one more lane and go to Amazon’s digital store. They then go through various passages, choose items to buy, and the same is delivered in the real world. Experience is integrated. You live in the Metaverse and it’s a lifestyle. It’s as real as possible. So is it scary?
8. Game
Gaming will be one of the biggest use cases. We already have projects like Enjin whose NFTs can be used in multiple games. These NFTs will give you full ownership. A “car” NFT in one game may be a “portal” in another game. You don’t need multiple web pages, just walk down the road, transport yourself to another part of the metastore. Transport yourself further and into a multiverse created by bridging multiple metadata. You are always connected and integrated. You can buy a My Neighbor Alice NFT and play in The Sandbox.
9. Transport
There will be a transportation system: underground trains, ships, planes, portals… People can also use their own shopping malls to enter the metaverse.
10. Economy
You can work and earn a living in the Metaverse. Axie Infinity proved it. A metaverse with a good economy that exerts pressure on the supply side will do well. The current job of constructing architecture, including buildings, means NFTs will be very hot. Add to this the earnings from rentals, as well as the exchange of assets in the market, it’s a living universe. The play-to-win philosophy works because the metastore appreciates the token. And he appreciates it, because people see the value in using this innovative technology. The more they use it, the more the economy improves.
What is metaverse?
To summarize all the above points, a metaverse (meaning “Beyond the Universe”) is a virtual place made up of divisible spaces (lands) where individuals can own, various concepts can be established and monetized…
Such concepts are the digital integration of any real-life ecosystem (marketplaces, book reading sessions, business meetings, gaming, live concerts, etc.), all powered by Blockchain (via NFTs), managed by a Decentralized Autonomous Organization (DAO). It is the taste of real life in a connected space. The most important foundation of a good metadata store is that it should be self-sustainable.
technology
Several cutting-edge technologies together contribute to this great innovation and provide a consolidated environment:
- Blockchain: Blockchain through NFTs provides immutable digital ownership.
- Virtual Reality: Virtual Reality can be used for watching videos, playing games, etc. was limited to The metastore uses the full power of Virtual Reality. You are an avatar with an all-digital experience in the Metaverse.
- Artificial Intelligence: Artificial Intelligence combines with NFTs and creates great visuals such as changing weather in the metaverse, creating more advanced PvE environments.
Other technologies such as User Interaction (Human-Computer Interaction), Computer Vision, Edge and Cloud computing also play an important role.
here is the best metaverse coins
The most popular metaverse is Decentraland. It is a mature ecosystem with major projects using the platform. Other notable projects include: Axie Infinity (AXS), Enjin Coin (ENJ), WEMIX (WEMIX), Dvison Network (DVI), Wilder World (WILD), Star Atlas (ATLAS), The Sandbox, NetVRK, Evolution Land, Bloktopia etc. are available. More recent projects have been games that call themselves metaverses. Facebook is also building its metadata warehouse. How they use blockchain and how decentralized they will be remains to be seen.
Conclusion: What is metaverse?
The metaverse is as real as possible to the real world. We are immersed in the digital world. But everything we used was mostly dead apps. This new technology will integrate many standalone digital applications. It is getting ready to be as innovative as the mobile phone. What remains to be seen is whether the metastore can be run and maintained using DAOs. There are interesting times ahead, don’t forget to follow us!
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