The idea of the metaverse has recently gained so much traction that even Facebook has changed its name to Meta, and its creator Mark Zuckerman even declared that his firm would one day shift from an Internet company to a metaverse corporation.
Why is metaverse such a popular topic? What is Meta Universe exactly? Jayz can help you understand the mysteries of the metaverse today.
What is the metaverse?
There is no clear definition of the metaverse as of yet, but many individuals desire to go toward the Web3 idea so that the metaverse can also be decentralized rather than being used exclusively in accordance with the regulations established by the firm.
A collection of online, virtual, and augmented reality temporal spaces is known as the metaverse. It symbolizes the idea of “beyond the universe,” which is a virtual realm that exists in parallel with the physical one.
The metaverse has a tremendous deal of assistance from technological innovation. For instance, the three key technologies needed to promote the growth of the metaverse are virtual reality, edge computing, and blockchain technology. Despite not being fully developed yet, these three technologies have found extensive use in a variety of real-world settings, supporting the metaverse’s technological growth.
The real significance of the metaverse is that it allows us to experience the virtual world more immersively in three dimensions, thanks to more sophisticated and practical technology.
More crucially, exactly like in the movies Avatar and First Class Gamer, we are all connected in this virtual world, not merely because we are each individually connected.
Metaverse and NFT Relationship
A “non-homogenized token,” or NFT, is just a type of digital asset; it can be anything from a piece of music to a virtual character to a virtual piece of land.
It enables things in the metaverse to have worth, not only virtual things, due to its singular, indivisible, and irreplaceable qualities.
Metaverse can be applied in those places
There are currently applications that are focused on diverse things, even though the majority of metaverse applications today are focused on social and gaming activities.
- Games
- Education
- Virtual Events
- Medical
- Sports
The metaverse’s growth has accelerated since the epidemic’s start. After all, it’s only natural to want to take a break and enjoy some fresh air after working for so long.
The metaverse can interact with reality much like it does in the outer world while remaining safe and secure in its own home.
What are the metaverse opportunities?
No matter which major brands—Facebook, Microsoft, Google, Apple, or others—are establishing a presence in the metaverse market, it is clear that the metaverse offers enormous financial potential.
- Virtual Store: Users in the metaverse can support content creators by purchasing virtual items.
- Virtual Services: Many virtual services can be provided, such as virtual travel, virtual education, virtual entertainment, etc.
- Content creation: Many different types of content can be created, including games, animations, music, etc.
- Virtual Currency: You can earn revenue by trading virtual currency.
- Virtual Real Estate: You can earn revenue by purchasing virtual real estate.
- Advertising: You can earn by displaying advertisements.
These are possible metaverse commercial opportunities that will also influence VR and AR technology.
The metaverse is still in the early stages of growth, so the precise scenario still depends on the course of that evolution.
Metaverse game
Three of the more well-known meta-universe games are listed below. At the moment, the meta-universe is primarily focused on game production.
Metaverse game: Roblox
“The platform called Roblox mixes community and game development. On it, users can design games or outfits, and they can communicate with one another by using virtual characters.
In order to buy and trade in the game, players must use a virtual currency called “Robux.” Robux can be turned into real money, allowing producers to make money by releasing their own customized games and enriching the gaming environment.
Metaverse game: Decentraland
Decentraland, also referred to as the “NFT version of Mimic Citizen,” is a decentralized virtual world game powered by Ether. Through the use of blockchain technology, players in the game must trade and purchase items such as houses, clothes, and land using the cryptocurrency “MANA coins.”
Players can design their own digital wonderland and explore anyplace in the game. There has been a rush by gamers and businesses to purchase virtual property, with one calling for as much as US$2.43 million (or NT$68 million) in November 2021.
Meta-universe game: The Sandbox
Players in the ethereum-based metaverse game The Sandbox can create, distribute, and monetize in-game goods and experiences.
Players have complete ownership over the creations they make in the game world thanks to the decentralized design of the game, which subverts the conventional gaming market.
The total number of pieces of land that may be acquired in The Sandbox is 166,464; thanks to NFT, it is possible to trade these lands on Opensea.
Metaverse Concept Stocks
Microsoft, Google, Apple, Sony, and Meta are companies you should keep an eye on if you plan to invest in US equities.
You might also pay attention if the industry is related to VR, AR, and other items.
Metaverse FAQ
Conclusion
The issue with the metaverse’s development is that because VR and AR glasses are expensive, difficult to procure, and thick, heavy, unsuitable for extended usage, the entry barrier to the metaverse is high.
However, they have gradually shrunk from the original very huge table to practically one mobile phone and one computer per person, just like the earlier computers or cell phones.
Jayz is convinced that the metaverse is real and that we will eventually cross over there.
Author Profile – Jayz
Graduated from the Institute of Finance and Economics, because he has loved basketball since he was a child, and is deeply influenced by the idol Kobe’s belief in never giving up and pursuing perfection, he has a dual identity after graduation. He is currently working as a media worker and a virtual currency lecturer. With my professionalism and passion for cryptocurrencies, I hope more people can get a small fortune from it. Likes to read all kinds of sports news and is also very interested in cryptocurrencies.
