Metaverse is a hot topic nowadays. In the metaverse, users create avatars to represent their experiences from the physical or virtual world.
The metaverse provides a virtual environment in which users can do business, buy land, create art, and receive work experience.
Some days before social media giant Facebook has changed its name to Meta. Its name comes from Metaverse, which means “a world beyond reality”. As well as changing its name, Facebook is taking a step towards changing the entire internet world. The metaverse is considered the future of the Internet.
How long will it be achievable?
Recently, Facebook and Microsoft have both staked claims to the metaverse. And when will it get here?
Tuang Nguyen, senior analyst at the research firm Gartner, says there is nothing to say yet. As of right now, we should not speculate so much about something that hasn’t yet been made. In fact, Facebook predicts this technology will take years to become a reality.
Metaverse Features / Benefit
- With the help of Metaverse, you will be able to connect with your people virtually.
- It may even allow you to think of getting together with your family and friends.
- The Metaverse will also provide you with a convenient shopping and business platform.
- By using this platform, you will be able to make an avatar of yourself in 3D technology.
- Metaverse lets you do all the possible things like attending meetings, playing games, learning new things, etc. while sitting at home.
- You will see very little difference between the real world and the virtual world with its assistance.
- Our lives will be transformed by other social media platforms and many more than you.
How it will Work
According to Mark Zuckerberg, there will also be a software application in the metaverse, but it will be much different than our normal apps. Avatars will be able to be created using the technology in a 3D format so that you can virtually connect.
Is it possible to purchase land or a piece of art? Cryptocurrencies make it possible. Cryptocurrencies are already accepted in some metaverses. By using cryptocurrency, virtual transactions are spontaneous, and blockchain technology on the backend offers unparalleled security and trustworthiness.
0.1 The SandBox
SAND is the most anticipated Metaverse project right now. In this virtual world, players can buy plots of land and customize them with various assets. On the other hand, users can purchase land plots and various assets already on the market. There is a lot of hype surrounding SAND due to the video game footage, along with the fact that many high profile companies have invested in it.
SoftBank, for example, announced that it had invested $93 million in Sandbox in early November. The Sandbox provides long-term investors with a great long-term hold.
02. Decentraland (MANA)
Decentraland is a fully functioning virtual world where users can interact with the Decentraland Metaverse and visit various hubs.
MANA is one of the first tokens I would recommend to anyone interested in getting into the Metaverse hype, and also one of the safest token to invest in.
03. Enjin Coin (ENJ)
Getting a lot of attention lately is the Metaverse project Enjin Coin, an all-in-one platform that lets users create assets and use them in dApps. Enjin delivers a high quality metaverse that merchants rely on for their products much like investors rely on WEMIX to deliver superior products. As a result, Enjin is now famous for its NFTs, having created an actively traded market that offers several rare NFTs. Currently, over 17,000 NFTs are listed on the platform, reflecting the sheer scale of the Enjin ecosystem. Enjin has established itself as an important player in the cryptocurrency sector. The latest announcement from Enjin mentions a new blockchain that will help developers integrate with the metaverse. Enjin, given his focus on the metaverse, has a long-term outlook.
Key Advantages of working in the Metaverse:
Worldwide, millions of people had to switch to only digital modes of communication. By working in the metaverse, you will have all the capabilities of the real world with nearly none of its challenges or limitations.
Using the metaverse, the virtual workplace can be completely immersive, with employees working with their avatars, just as they would in the real world.
Visualize and solve problems in 3D
It allows you to 3D-model virtually anything, and you can replicate real-world specifications thanks to the technology of digital twins. The process enables smarter problem-solving for industries such as construction, architecture, healthcare, and life sciences.
What common ground are between the Metaverse with Web 3.0?
Virtual world freely accessible through the internet and open, trustless, and permissionless networks. Both will be decentralized, with open access to everyone.
Specifically, blockchain technologies can indeed play a significant role in the emergence of Web 3.0 and act as the foundation of its ascendance in the near future. It is possible that the metaverses being developed today will be tomorrow’s social networks.
The technology world is expanding, new things are coming, there has been an explosion in the technological world with the advent of the Internet, and now it seems that this rapidly changing world is going to break all boundaries. This will be an exciting experience for us to see Metaverse in real life, we will have to wait and see how long it takes to see Metaverse come true.