Forex92
Recruit
- Messages
- 19
The metaverse: Is it a new virtual universe in which to live?
The advent of the metaverse will effect entertainment, education, financial services, and maybe all facets of our daily life.
What is it?
Like the internet in the mid-1990s, the metaverse is still young. The most accurate characterization of the metaverse was given long before we even realised it existed.
The Metaverse Roadmap, published by the Acceleration Studies Foundation in 2008, divides the metaverse into four categories:
In short, the metaverse is a digital realm where avatars can interact using virtual reality, augmented reality, artificial intelligence, and other technologies.
If you want to experience the world's highest cliff jump, swim with Great White sharks or bike on the Death Road, you can do it all from your hotel room. In the near future, the metaverse will reportedly be limitless. The metaverse will eventually deliver lifelike sounds, images, and fragrances.
The phrase metaverse appeared in Neal Stephenson's 1992 science fiction novel Snow Crash. But it wasn't until Facebook rebranded as Meta that the idea became real. What is the metaverse, and why is Facebook hiring 10,000 employees to build it?
The metaverse can be used in the following ways.
Bitcoin games
Gamers are flocking to the metaverse, creating avatars and participating in virtual experiences.
During the COVID-19 epidemic, metaverse games exploded. The Sandbox, Axie Infinity, Splinterlands, Alien Worlds, Defi Degen Land, etc.
This metaverse-based GameFi concept combines DeFi and P2E blockchain gaming drew many users. This ecosystem rewards players for their commitment and engagement by giving them ownership of goods. As games gain popularity, their tokens gain value, increasing the entire market capitalization of cryptocurrencies.
Microsoft plans to buy Call of Duty and World of Warcraft creator Activision Blizzard for $69 billion, its largest all-cash acquisition ever.
Intriguingly, one of the metaverse's primary promises is platform freedom. For example, you will be able to simply transfer any avatar item purchased in one game to another.
Most people think of NFTs as images of digital artwork or artefacts worth millions. The most promising use of NFTs is in metaverses.
What is an NFT? The term non-fungible token is used to describe any digital asset that has evidence of ownership maintained on a blockchain.
While NFTs are still new and contentious, their benefits outweigh the drawbacks. Each one has a unique identification code and is frequently acquired with cryptocurrency, making some incredibly valuable.
Decentraland, for example, allows users to invest in metaverse property using LAND tokens. It is possible to transfer ownership of a property to another metaverse denizen.
Smart contracts can also be used to control NFT access to the metaverse. Actual identities can be linked to digital avatars to access the metaverse. Real-time events can already be accessed via NFT.
NFTs can be used to connect to a variety of amazing functionalities enabled by blockchain. The metaverse and NFTs were clearly created for each other.
New virtual world horizons
The metaverse goes beyond the internet. Our social contacts, commercial partnerships, and the online economy could all change dramatically. Despite its youth, we can already see the metaverse's potential.
E-real estate
It's odd to possess land that doesn't exist. In The Sandbox, a user just paid $450,000 to be Snoop Dogg's neighbour.
Compare it to buying a full-page advertisement in a major magazine or TV show. You can create a business, hold online events, or rent out your virtual land.
Galeries d'
For example, Sotheby's erected a duplicate of their New Bond Street Galleries in Decentraland, where artists can exhibit and sell digital NFT work.
Marketing
As a brand, Nike has done well in the metaverse. It was the first major company to develop a virtual environment on Roblox called Nikeland, where fans can dress up like Nike characters.
In its ongoing digital transition, the company recently acquired RTFKT, a collectibles-focused NFT startup. RTFKT has already released wearables for Decentraland, including NFTs.
The market potential for Decentraland Wearables is immense. Currently, 10,262 people own 71,055 tokens.
Adidas has also pioneered NFTs. That inaugural “Into the Metaverse” NFT collection in December 2021 made $23 million in a few hours. Bored Ape Yacht Club, Punks Comics, and GMoney collaborated on the NFTs. Adidas' debut NFT collection launch is unlikely to be their last, considering its success.
Samsung Electronics America launched a virtual counterpart of its flagship 837 physical shop in Decentraland for users to discover new Samsung technology-enabled experiences.
Immersive offices
Some organisations are literally constructing virtual offices using Zoom and Slack. Like Binance. US is creating a virtual newsroom on Portals, the Solana-based metaverse platform.
Microsoft will add mixed reality support to Microsoft Teams this year via Mesh, its virtual reality collaboration platform. Avatars can be used with or without a VR headset. Companies can build their own metaverses in Teams.
Nvidia just revealed another amazing example of virtual collaborative sessions in the metaverse. For example, in Omniverse, a ray-traced avatar of Nvidia CEO Jensen Huang roamed around a simulated area and performed facial expressions. The most thrilling part was that conversational AI responded to questions just like Huang would with his voice.
E-concer
WMG announced intentions to bring music-themed attractions to The Sandbox, including concerts by WMG's stars. Commemorative 'LANDS' adjacent to WMG property will be sold in March 2022.
Virtual concerts have previously included Decentraland's multi-day virtual music festival with over 80 performers and Snoop Dog's live performances in The Sandbox.
In short,
The metaverse will endure. The current digital transition is considered as the next important step in the evolution of the internet. And it paves the path for a future in which practically all activities occur in the metaverse. The world is rapidly becoming a virtual reality. How do you feel about the digital age?
The advent of the metaverse will effect entertainment, education, financial services, and maybe all facets of our daily life.
What is it?
Like the internet in the mid-1990s, the metaverse is still young. The most accurate characterization of the metaverse was given long before we even realised it existed.
The Metaverse Roadmap, published by the Acceleration Studies Foundation in 2008, divides the metaverse into four categories:
- A cohesive plot in a virtual world
- A world that reflects the present
- The metaverse is an extension of actual life that blends real world and augmented data.
- Lifelogging is a method of recording and preserving data about people and objects.
In short, the metaverse is a digital realm where avatars can interact using virtual reality, augmented reality, artificial intelligence, and other technologies.
If you want to experience the world's highest cliff jump, swim with Great White sharks or bike on the Death Road, you can do it all from your hotel room. In the near future, the metaverse will reportedly be limitless. The metaverse will eventually deliver lifelike sounds, images, and fragrances.
The phrase metaverse appeared in Neal Stephenson's 1992 science fiction novel Snow Crash. But it wasn't until Facebook rebranded as Meta that the idea became real. What is the metaverse, and why is Facebook hiring 10,000 employees to build it?
The metaverse can be used in the following ways.
Bitcoin games
Gamers are flocking to the metaverse, creating avatars and participating in virtual experiences.
During the COVID-19 epidemic, metaverse games exploded. The Sandbox, Axie Infinity, Splinterlands, Alien Worlds, Defi Degen Land, etc.
This metaverse-based GameFi concept combines DeFi and P2E blockchain gaming drew many users. This ecosystem rewards players for their commitment and engagement by giving them ownership of goods. As games gain popularity, their tokens gain value, increasing the entire market capitalization of cryptocurrencies.
Microsoft plans to buy Call of Duty and World of Warcraft creator Activision Blizzard for $69 billion, its largest all-cash acquisition ever.
Intriguingly, one of the metaverse's primary promises is platform freedom. For example, you will be able to simply transfer any avatar item purchased in one game to another.
Most people think of NFTs as images of digital artwork or artefacts worth millions. The most promising use of NFTs is in metaverses.
What is an NFT? The term non-fungible token is used to describe any digital asset that has evidence of ownership maintained on a blockchain.
While NFTs are still new and contentious, their benefits outweigh the drawbacks. Each one has a unique identification code and is frequently acquired with cryptocurrency, making some incredibly valuable.
Decentraland, for example, allows users to invest in metaverse property using LAND tokens. It is possible to transfer ownership of a property to another metaverse denizen.
Smart contracts can also be used to control NFT access to the metaverse. Actual identities can be linked to digital avatars to access the metaverse. Real-time events can already be accessed via NFT.
NFTs can be used to connect to a variety of amazing functionalities enabled by blockchain. The metaverse and NFTs were clearly created for each other.
New virtual world horizons
The metaverse goes beyond the internet. Our social contacts, commercial partnerships, and the online economy could all change dramatically. Despite its youth, we can already see the metaverse's potential.
E-real estate
It's odd to possess land that doesn't exist. In The Sandbox, a user just paid $450,000 to be Snoop Dogg's neighbour.
Compare it to buying a full-page advertisement in a major magazine or TV show. You can create a business, hold online events, or rent out your virtual land.
Galeries d'
For example, Sotheby's erected a duplicate of their New Bond Street Galleries in Decentraland, where artists can exhibit and sell digital NFT work.
Marketing
As a brand, Nike has done well in the metaverse. It was the first major company to develop a virtual environment on Roblox called Nikeland, where fans can dress up like Nike characters.
In its ongoing digital transition, the company recently acquired RTFKT, a collectibles-focused NFT startup. RTFKT has already released wearables for Decentraland, including NFTs.
The market potential for Decentraland Wearables is immense. Currently, 10,262 people own 71,055 tokens.
Adidas has also pioneered NFTs. That inaugural “Into the Metaverse” NFT collection in December 2021 made $23 million in a few hours. Bored Ape Yacht Club, Punks Comics, and GMoney collaborated on the NFTs. Adidas' debut NFT collection launch is unlikely to be their last, considering its success.
Samsung Electronics America launched a virtual counterpart of its flagship 837 physical shop in Decentraland for users to discover new Samsung technology-enabled experiences.
Immersive offices
Some organisations are literally constructing virtual offices using Zoom and Slack. Like Binance. US is creating a virtual newsroom on Portals, the Solana-based metaverse platform.
Microsoft will add mixed reality support to Microsoft Teams this year via Mesh, its virtual reality collaboration platform. Avatars can be used with or without a VR headset. Companies can build their own metaverses in Teams.
Nvidia just revealed another amazing example of virtual collaborative sessions in the metaverse. For example, in Omniverse, a ray-traced avatar of Nvidia CEO Jensen Huang roamed around a simulated area and performed facial expressions. The most thrilling part was that conversational AI responded to questions just like Huang would with his voice.
E-concer
WMG announced intentions to bring music-themed attractions to The Sandbox, including concerts by WMG's stars. Commemorative 'LANDS' adjacent to WMG property will be sold in March 2022.
Virtual concerts have previously included Decentraland's multi-day virtual music festival with over 80 performers and Snoop Dog's live performances in The Sandbox.
In short,
The metaverse will endure. The current digital transition is considered as the next important step in the evolution of the internet. And it paves the path for a future in which practically all activities occur in the metaverse. The world is rapidly becoming a virtual reality. How do you feel about the digital age?