Are You Metaverse Ready?

What is the “metaverse” exactly??

There are many definitions of the Metaverse on the internet.?

But what definition did we find the most relevant off of the internet??

“Metaverse” can be comparable and even be vaguely synonymized with “cyberspace” – but one that exists apart from the “internet”.?

Now let’s dive deeper into this.?

What is the origin of the term??

The term “metaverse” was coined by the science fiction author Neal Stephenson in 1992, through his novel - Snow Crash.?

How do you process transactions in the metaverse??

Metaverse utilizes cryptocurrency, stablecoins, and NFTs on the metaverse, backed by blockchain technology.?

How many of these metaverses exist??

Metaverse is an augmented reality created in cyberspace, which knows no bounds. Here are a few of the most popular ones.

1. Decentraland

• It has an active user base of over 500,000 active monthly users?
• The most popular and the biggest universe that exists today
• Launched in 2016
• It has a large community of users?
• Entirely based on the blockchain technology
• Utilized the MANA currency?

2. Sandbox

• It is a partner of Meta?
• It is a puzzle that comprises smaller platforms, which connect and interact with each other?
• Combines Minecraft and Second Life experiences into one?

3. Horizon Worlds?

• It is the metaverse platform created by Facebook?
• Currently only available to the United States and Canada now
• It is accessible through your Facebook account?
• It has the potential to become the largest metaverse platform since the Facebook user base itself has over 3 billion users!

4. Roblox?

• The fastest-growing platform in the metaverse??
• Launched in 2004?
• The majority of the games are user-generated?
• It is a children’s platform that is educational yet allows them to explore their imagination?
• The popularity of the platform is due to its unpaid feature?
• It has a user base of 100 million active users and most of them are under 18 years old.

5. Spatial?

• The simplest of all metaverse platforms to use?
• Supports all web, mobile, and wearable devices?
• Creates avatars using your real pictures - making them more realistic?

What are the latest trends in the Metaverse?

• The first Metaverse Fashion Week took place two months ago in March 2022 (link available on request)?
• India’s first metaverse wedding was attended by more than 500 guests!
• A virtual Gucci Dionysus handbag was sold for $4,115 on Roblox.
• It could save event organizers the huge money they have to spend on holding events like concerts. The hugely popular video game Fortnite had 12.3 million people logging in to watch rapper Travis Scott perform virtually last year.

Metaverse may have started with the gaming industry and, pun intended, game-changed it, this innovation will spread and game-change many others. As Mark Zuckerberg puts it, in 5 to 10 years, the Metaverse will be mainstream.?

~ Entrepreneur.com?

What’s more??

You can buy real estate, build your buildings, invest in NFTs (Non-Fungible Tokens - which are a major currency after crypto in the metaverse), play games, hold virtual meetings, and do almost anything your imagination allows.?

A few games that you can play in the virtual reality space today:?

1. Axie Infinity

A Pokémon like game that is built on the Ethereum blockchain.?

2. The Sandbox (SAND)

A game backed by one of the world’s largest investors - Softbank, which is also built on the Ethereum blockchain. It is also trading major coins at this time.?

3. Cryptotanks (TANK)

One of the most complex games that you play to earn and can earn well if you know your coins.?

(Read this simplified guide to Crypto:?Part 1 , Part 2

So who is investing in the Metaverse??

Major technology companies are investing in the Metaverse.?

Some of them are Microsoft, Facebook, Roblox, and Epic Games

Closer to home, TCS, Tech Mahindra, Accenture, Zensar Technologies, and Infosys are making waves with their work!?

As of now, we know that the Metaverse is only accessible on virtual worlds like Decentraland, Cryptovoxels, and Sandbox, and using the huge VR headsets. Who knows when these headsets may be reduced to contact lens-sized wearables??

What are your thoughts/predictions for the Metaverse?

How do you think the Metaverse will affect your future??

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References:?

https://www.digit.in/features/tablets/samsung-tab-s8-series-of-premium-tablets-reimagine-work-and-play-63803.html ?

https://www.entrepreneur.com/article/403080

https://www.dqindia.com/the-metaverse-what-are-the-environmental-impacts-future/ ?

https://www.theverge.com/22701104/metaverse-explained-fortnite-roblox-facebook-horizon

https://www.inglobetechnologies.com/metaverse-platforms/ ?