These days, we’re all seeing and reading the metaverse of this term everywhere. This term is attracting worldwide attention. Does anyone want to know what this is and how it works? If you are one of those looking for an answer in the Metaverse, this article may help you.
Many of might seen the movie “READY PLAYER ONE” the whole concept is depended on that one movie in the latest trending technology Metaverse. Now, let’s understand metaverse in detail:
- What Does ‘Metaverse’ Mean?
- What is the Concept of Games in Metaverse?
- Does the Metaverse Already Exist?
- Metaverse Examples
- What is the Future Prospect of Metaverse
- Conclusion
What Does ‘Metaverse’ Mean?
Metaverse is a concept of an online, 3D, virtual space that connects users in all aspects of life. It connects multiple Internet-like platforms with multiple websites accessible through a single browser.
This concept was further developed in Neil Stevenson’s science fiction novel Snow Crash. However, the idea of a metaverse was once a hoax, but now it looks like it could become a reality in the future.
The metaverse is controlled by augmented reality, where each user controls a character or avatar. For example, you can host a mixed reality meeting in your virtual office with an Oculus VR headset, relax after work in a blockchain-based game, and manage your crypto portfolio and finances within Metaverse.
You can already see some aspects of the metaverse in the traditional video game virtual world. Games like Second Life and Fortnite, or one-on-one communication tools like Gather town, integrate different elements of our lives into the online world.
Although these applications are not metaverses, they are somewhat similar. The metaverse doesn’t exist yet. In addition to supporting games or social networks, the metaverse combines economics, digital identity, decentralized governance and other applications.
Even today, user creation and ownership of valuable items and currencies helps create a single unified metaverse. All of these features give blockchain the potential to power this future technology.
What is the Concept of Games in Metaverse?
maybe! Do you know who you think so? Microsoft. When you purchase an Activision Blizzard of about $ 7 billion, Microsoft CEO Satya Nadella’s general director commented on: … We must support many metabolic platforms … In the game we will collect METAVERSUE, which is a powerful content franchise that can be used in each device. “
Perhaps you will not throw the shareholders of the fashion floor because they can help them get them for a huge acquisition. But he had a very different vision than the comprehensive virtual Internet proposed by Ball and Zuckerberg. In his version, there are multiple metaverses and they are already around us. These are permanent communities formed around virtual places where people want to be, like World of Warcraft or Call of Duty: Warzone.
This is consistent with Microsoft’s thinking. In 2014, around the same time Facebook acquired Oculus, Microsoft acquired Mojang and the hugely popular Minecraft game. With his social, creative and deep-adjustable gameplay, Minecraft is often quoted as metabolized games, and Microsoft is not trying to integrate this exclusively to its own platform. He regards Minecraft as a valuable platform.
Like Wow, MMO is unclear with the form’s meta Ver if it is not a function. But there is a closer analog that can be found in two very popular two post amplifier games for children.
Roblox and Forten Avatar, Your Presence, Your Presence, Your Social Relations are almost more important than the game itself or game, and plural in the Roblox case. ROBLOX is the author of his own game, and is a free environment that is unbelievable of the second life of the actual world’s success and the second life of pursuing dreams.
Meanwhile, Fortnite has hosted massive in-game cultural events, such as Travis Scott’s 2020 concert, which drew over 27 million spectators. For many observers, including Ball, these events represent the closest we’ve come to the true experience of the metaverse.
Does the Metaverse Already Exist?
If the metaverse is to grow to be an embodied internet, then it have to have sure residences that separate it from remoted digital fact studies like Second Life.
Venture capitalist Matthew Ball describes them on his website:
The metaverse is a vastly scaled and interoperable community of real-time rendered three-D digital worlds which may be skilled synchronously and consistently through an efficaciously limitless quantity of customers with a person experience of presence, and with continuity of data, together with identity, history, entitlements, objects, communications, and payments.
Let`s listing the residences of the metaverse for higher clarity:
- Massively scaled
- Interoperable
- Real-time rendered
- three-D digital worlds
- Synchronous
- Persistent
- Unlimited quantity of customers
- Individual experience of presence
- Continuity of data
Metaverse Examples
We don’t have a single coherent metaverse yet, but we do have many platforms and projects that are similar to the metaverse. In general, this also includes NFTs and other elements of the blockchain. Let’s look at three examples.
Second live
SecondLive is a virtual 3D environment where users manage their avatars for communication, learning and business. The project also has an NFT marketplace for exchanging collectibles. In September 2020, SecondLive hosted the Binance Smart Chain Harvest Festival as part of its one-year anniversary. Virtual Expo has shown a variety of projects in BSC ecosystems that users search and interact.
Axie infinity
Axie Infinity has provided an opportunity for players to get consistent income in developing countries with PlaytoErn games. By making three creatures known as slaughter, you can start a soft love of potion (SLP) by purchasing or talenting. If sold in the public market, someone can play about 200 to $ 1000 (USD) depending on how many people are playing and have market prices. Axie Infinity does not provide a single 3D character or avatar, but the user gives the user for the opportunity for metabolism. You may have already heard the famous story that Filipinos use it as an alternative to full employment or welfare.
Decentraland
Decentraland is an online digital world that combines social elements with cryptocurrencies, NFTs and virtual real estate. In addition, players actively participate in platform management. As with other blockchain games, NFTs are used to represent cosmetic collectibles. They will also be used for EARTH, a 16×16 meter piece of land that users can purchase in-game with the MANA cryptocurrency. All of these combine to create a complex crypto economy.
What is the Future Prospect of Metaverse?
Facebook is one of the biggest voices in creating a unified metaverse. This is especially important for crypto-based metaverses due to Facebook’s Diem stablecoins project.
Mark Zuckerberg explicitly mentioned plans to use the Metaverse project to support remote work and improve financial opportunities for people in developing countries.
Crypto, ownership of Facebook on social networks, communications and platforms, provides a good start to combine all of these worlds. Other large technologies are also aiming to create Metavray, including Microsoft, Apple, and Google.
CRYPTUDOCH An additional integration between the NFT market and 3D virtual universes appears to be the following steps. The NFT holder can already sell products from multiple sources of trading platforms such as OpenSEA and BakerySwap, but not yet a popular 3D platform. Largely, Blockchain developers can develop popular metavim applications with organic users than large-scale technology gains.
Conclusion
The metaverse is just an idea first described by science fiction writer Neil Stevenson in his novel Snow Crash. This will soon become a reality. Because many tech giants are betting that it will grow, if not bigger, than today’s Internet. Anyone who doesn’t want to wait for separate virtual experiences to form into one vast world can sign up for a platform like Decentraland, Horizon Workrooms or Roblox to at least get an idea of what the future might look like.
A single unified metaverse is still a long way off, but we are already seeing events that could lead to the creation of a metaverse. This seems to be another sci-fi use case for blockchain technology and cryptocurrencies. It is unknown whether we will reach the point of the metaverse or not. But in the meantime, we can already test projects like Metaverse and integrate blockchain more and more into our daily life.
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