METAVERSE- THE NEW BUZZWORD
Everywhere you go, everyone is buzzing about the new word metaverse. Do you think this word will fade anytime soon? Probably not, because Metaverse is already here and will stay for a long while.
The unfolding of the Metaverse in technology will human interaction and experience globally. The word Metaverse is not new; Neal Stephenson, in 1992, first used this word in his novel titled Snow Crash, where he imagined an online realm where people might explore and escape the physical world via digital avatars. Decades after, Mark Zuckerberg rebranded facebook as ‘Meta’ in his vision to create a world where you can interact with another human in a live but digital environment.
Metaverse: The future of the Internet
So what is Metaverse exactly? It is a technology hybrid that combines virtual reality, augmented reality, and video to allow users to “live” within a digital realm. It is a distant descendant of Web3. According to coin base, ‘Metaverse is a network of decentralized, interconnected virtual worlds with a fully functional economy in which people stay connected through exciting activities like entertainment and concerts.
Source: Coinbase.
Matthew Ball, a venture capitalist, describes the ‘Metaverse’ in a February 2021 essay on his website as the future of the new Internet. He adds that “there will be no distinct ‘Before Metaverse’ and ‘After Metaverse.’” “Rather, it will evolve gradually with time when various goods, services, and capabilities connect and merge.” The Metaverse will not replace the Internet but build upon it and transform it.
For clarity, the Metaverse is not the following;
Ø A “virtual world.”
Ø A “virtual environment.”
Ø A “Virtual reality.”
Ø A “virtual and digital economy.”
Ø A “game spot.”
Ø A “virtual Disneyland” or “virtual theme park.”
Ø A “brand-new app shop.”
Ø A “new user-generated content platform.”
All these already exist; in simpler terms, think of the Metaverse as the new future of the Internet, a doorway to most digital experiences, and the next job platform.
What are the major technologies that power the Metaverse
Below are cutting-edge technologies that most companies use to power the 3D world of Metaverse to provide a better experience for its users.
· Blockchain.
· Augmented reality (AR).
· Virtual reality (VR).
· 3D reconstruction.
· Artificial intelligence (AI).
· Internet of things (IoT).
The Top metaverse token to look out for in 2022
What are metaverse tokens? Metaverse tokens are virtual currencies used to make digital transactions in the Metaverse. Although you can only use some metaverse tokens within the Metaverse, you can also purchase others on exchanges like Binance, Coinbase, and WarziX.
Metaverse token has shown significant economic potential as many companies buy into the metaverse idea. Here’s a list of the top metaverse token to consider if you want to transact in the Metaverse.
1. AXS by Axie infinity
2. SAND by Sandbox
3. BLOK by Bloktopia
4. Enjin Coin for creating NFTs.
5. MANA by Decentraland.
Final thoughts
Many companies are actively buying into the metaverse idea even if it’s still developing. The noteworthy projects people are currently involved in in the crypto sector are the Decentraland and The Sandbox projects. Also, major corporations such as Facebook, Microsoft, Amazon, and Nvidia are participating in the Metaverse. We’ll undoubtedly see interesting new features in these virtual, digital spheres as cutting-edge technologies evolve.
