Have you missed the start of crypto? Now is the moment to make sure you don’t miss the launch of the Metaverse. Read further to know in detail the beginning of the metaverse concept.
Although we are still in the early phases of constructing this “new” virtual world, the concept of creating metaverses or even a game in the blockchain is intriguing, is a fantastic opportunity, especially given people’s rising interest in technology.
The growing interest in the Metaverse has been given because of a big announcement made by Mark Zuckerberg – CEO of Facebook.
To build its Metaverse and rethink how we use social media, the social media titan changed its name to Meta. The renewed Company proposes that work activities, studies, and leisure revolve around your Metaverse.
It will be possible through several AR (Augmented Reality) and VR (Virtual Reality) applications.
The Metaverse Concept
Can you imagine having work meetings in Metaverse? Or maybe, watch the shows you want without having to leave your house?
All of this and more will be achievable in the following months and years. The shift in how we work, learn, and enjoy ourselves will be enormous, and we must be prepared for it.
The shift in direction revealed by Zuckerberg is substantial enough that people and businesses have begun to examine and even invest in initiatives connected to Metaverses.
So, precisely what is the Metaverse?
Although there are already Metaverse applications, there is no essential definition.
Still, in practical terms, the article by Facebook, “Metaverse’s Building The Metaverse Responsibly,” tells us that the Metaverse is a collection of virtual worlds in which you may develop and explore alongside those who are not physically there with you.
But how do we communicate with someone else in the Metaverse? The primary way to access the Metaverse is through computers or cell phones.
However, this point depends on which Metaverse we are accessing. Once we get access to it, most metaverses lead us to create and customize our avatar.
The avatar is a digital depiction of the user that may be altered as desired, and each Metaverse provides unique possibilities.
Many of them allow you to buy digital clothing and accessories so that your “avatar” is as authentic as possible.
And why would a person buy a digital outfit or accessory if they can’t touch it?
There is no main reason, and it is entirely subjective. Many users find that buying a particular outfit or digital accessory for their avatar helps to enhance their identity within the Metaverse.
Thus, the supply of these digital items can be scarce, which makes them even more valuable to the user who owns them or wants to own them.
Therefore, once your avatar is created and customized, the next step will lead you to contact other people (other avatars) as long as they are in the same virtual space.
In addition to metaverses, virtual interactions have multiplied after the current global situation.
Studies reveal that people have opted for this type of interaction more and more, mainly because it breaks the geographical barrier in unthinkable ways.
Metaverse, cryptocurrencies, and blockchain
More than ever, the three are inextricably linked. Another reason why Metaverse has piqued the interest of both individuals and organizations is the availability of applications related to cryptocurrencies and blockchain technology in general.
Although not all metaverses are based on blockchain and do not use cryptocurrencies, as we know, Minecraft, for example, is a game that allows access to its virtual world, in this case, in its “Metaverse.”
Bringing the Metaverse to the world of cryptocurrencies is a revolution.
Because we will not only be subjugated to the virtual world, we will be able to make payments in cryptocurrencies, buy accessories, cars, houses, and whatever else is available.
However, it will happen based on actual trade in the real world and virtually in touch with other persons inside the Metaverse.
Decentraland, a Metaverse that operates on the Ethereum blockchain, is most popular.
Here you can access the game through the browser and connect a Metamask or Fortmatic wallet, where you can create an avatar to access different places available within this Metaverse.
Decentraland is little known on the social side. It has a website dedicated to disseminating all types of virtual events, from art exhibitions (NFT) and entertainment such as casino nights betting with cryptocurrencies to music shows.
The Metaverse Festival, which included notable musicians such as deadmau5 and Paris Hilton, was one of the platform’s most meaningful events.
Access to the event was completely free, had clothing airdrops and digital accessories for avatars, and the possibility to earn POAPs for each day of the event.
POAPs are NFTs characterized as digital badges that one can accumulate for each event attended.
POAP (Proof-Of-Attendance Protocol) is a significant initiative within the bitcoin ecosystem that has received much attention and good feedback from users.
Decentraland and its Metaverse began in 2020 and is of Latin American origin, specifically from Argentina.
From the beginning, it has built a community that embraces technological advances.
Decentraland, one of the most outstanding advances within the platform was Polygon’s integration into many of the transactions on the Marketplace, where all avatar clothing and accessories are purchased.
Thus, Decentraland allows you to buy land fractions (LAND), tokens that individually represent a space within the Metaverse.
At the same time, you can sell these lands for whatever price you like, or you can also build on the ground, like a bar, mall, or whatever you want.
The Decentraland platform’s native token, the MANA token, is required to buy LAND.
Several games are being developed. One of them is Star Atlas, which will be released in 2022. It is a multiplayer Metaverse set in the distant future.
Star Atlas metaverse users will be able to trade, acquire, and manufacture non-fungible tokens (NFTs) within the game’s universe.
It will allow the players to establish economies that match real-world assets’ tangibility, ownership, and value.
Within this world, people will build cities, create in-game businesses, even collaborate or form autonomous decentralized organizations (DAO) to govern specific regions.
The SandBox is another metaverse inside the bitcoin ecosystem that operates on the Ethereum network and allows users to create characters, acquire land, and interact in the virtual world.
Anyone may engage in an open economy with non-fungible-tokens (NFT) and its native token SAND.
The SandBox game has grown a lot in the world of cryptocurrencies, seeking to position itself against competitors quickly.
Metaverse and the future
Even though we are still in the early stages of constructing this “new” virtual reality, the idea of building metaverses in the blockchain is intriguing.
Even creating a game in the blockchain is a great opportunity, especially given the growing interest of people in technology.
It is also an excellent opportunity to drive adoption through everyday actions such as buying and selling physical and virtual items (tokens, NFTs, all kinds of collectibles), with cryptocurrencies being used as a means of exchange.
Imagine if, in the future, your business will no longer need physical space, as it will be 100% submerged in a metaverse, where borders are not obstacles to negotiations.
You will be able to own your money, thanks to cryptocurrencies.