With talk on the Metaverse becoming ever more present, and the many opportunities it holds for investors and the average internet user alike, it’s certainly worth learning a little more.
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So, what is the Metaverse? Quick intro
Essentially, the Metaverse is in a sense a 3D virtual world, allowing people to interact with the internet in a whole new way. The concept of the Metaverse has been around for quite some time, with the term first being coined in the novel Snow Crash, by Neil Stevenson, in 1982.
The idea has only recently become a reality however, with several companies investing in creating their own spaces – with one of the most notable examples being Meta, which has worked hard to establish its own niche in the market. Other key examples of companies investing in their own metaverse-like projects include Epic Games, Niantic and Kucoin Labs.
Why is the Metaverse a big deal?
There are several reasons why the Metaverse has become such a popular topic. From the investment opportunities, to how it could impact the way we use the internet; there’s a lot that a virtual online world can offer.
For example, it could revolutionise the way we communicate, work and collaborate. This could be essential for any companies that want to keep up-to-date with current tech and take advantage of all that virtual reality technology brings to the table. And this is only one of the ways that the Metaverse could be utilised in our daily lives – with the ability to shop, play games and do so much more standing to benefit moving forward.
Some even consider it to be ‘the next internet’ and with all that it could potentially offer, it’s not hard to see why. If the Metaverse is going to be the way many people use the internet in the future, there’s no doubt that it will be worth taking an interest in now.
The interaction of Metaverse, NFT and cryptocurrencies
As the aim of the Metaverse is to create a virtual representation of reality for the users to operate in, they need to have a way to control their digital assets. The main currency in the Metaverse is the virtual currency, also known as cryptocurrency.
The purchases made in the Metaverse are then confirmed with the use of NFTs, with blockchain technology ensuring confirmation of ownership. NTFs are also used for gaining access to exclusive communities, achieving exclusive perks, gathering high-end collectibles and more.
Facebook’s confidence in Meta
Even Facebook has changed its name to Meta, further securing the fact that this project is planned to be here for the long run. Rebranding themselves was simply due to the confidence they had in the Metaverse and its potential.
It’s also an attempt to take a firmer hold over the Metaverse concept itself, cementing the 3D digital world and all they plan to do with it as part of their brand.
What else is there to know about the Metaverse?
Anyone interested in learning a little more about the complex world of the Metaverse is likely to be interested in checking out this intro course: https://tesseract.academy/courses/introduction-to-the-metaverse. An excellent gateway into the world of the Metaverse, this course is perfect for beginners and non-technical individuals who want to gain a better understanding of what this new and innovative concept could potentially provide.
