The Metaverse, a futuristic utopia that seeks to merge the real and virtual worlds, has left the pages of science fiction books and found itself at the table of investors and major corporations. The possibilities surrounding this idea are so greatHe even forced Facebook to change its name to “Meta”.
In this guide, we explain what the metaverse is and why big teams want to ride the wave. It also explains How to invest in this new market And The relationship between this universe and crypto-currencies.
What is the Metaverse?
The metaverse is a kind of new level of reality that combines both the real and virtual worlds. In reality, it is an immersive virtual environment built using various technologies, viz Virtual reality, augmented reality and holograms.
To visualize the concept, think of the movie The Matrix. In the film, humans live in a virtual reality engineered by a murderous artificial intelligence that uses their bodies to generate energy. In this universe, which is not yet fully real, people can communicate, work, study and socialize with each other through their 3D avatars. In other words, the goal is that Humans are not just observers of the virtualBut let them be part of it.
What technology is involved?
To bring the Metaverse to life, Several techniques must be used:
“VR”, short for virtual reality, refers to a three-dimensional environment created using software. for Access this simulation of reality, Users need computers, virtual reality glasses, headsets and other equipment. There are consoles and games using this technology.
Unlike virtual reality Brings the user into the virtual worldAR (Augmented Reality) does the opposite and Insert virtual data into the real world.
There are several smartphone games using this technology. There are also AR glasses that display information on their lenses.
Blockchain and Crypto
Blockchains, cryptocurrencies and NFTs (Non-Fungible Tokens) also support Metaverse. Thanks to them, it is possible to move values and save virtual properties.
What is the relationship between Metaverse and the cryptocurrency market?
The Metaverse has its own virtual economy And people can work, buy houses, buy clothes, go to parties, have meetings and live an online life.
Blockchain and the technologies that “run” it, crypto, NFT and others Essential to this new reality.
Blockchain could be the foundation of the Metaverse economy. Born with Bitcoin (BTC) in late 2008, this technology makes it possible to create immutable records without recourse to third parties and is a governance tool. The medium of exchange for this platform will be cryptocurrency.
Finally, NFTs are used to store and exchange properties and virtual objects. Non-fungible tokens are Digital certificate that everyone can see And confirm the authenticity, but that No one can change.
The Metaverse Crypto-Economy
A metaverse economy has already been created with products and services on the blockchain.
- Music: Singers and DJs are already hosting Events in the digital environment And pay for it.
- Advertisements: Owners have erected billboards and started selling these spaces to players who want to do some kind of advertising.
- Casino: The Metaverse platform has casinos where players can gamble and win or lose certain cryptocurrencies.
- Art: Virtual artists also market their work recorded in NFT in this digital environment.
Enthusiasts see the evolution of the Internet in the Metaverse. Others see it as a privacy risk and an addictive drug.
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