A Beginner’s Guide to Metaverse

[Mỹ Linh Nguyễn]

At the stage of digital evolution, the metaverse has emerged as a widespread phenomenon as mentions of this term have increased in a remarkable and unprecedentedly short space of time. Do you truly grasp what the metaverse entails and its significance? Here’s what you need to know. 👇👇

📌What Does ‘Metaverse’ Mean?
The metaverse is basically a concept of an immersive 3D virtual space connecting users in all aspects of their lives. Similar to the internet, it would be composed of multiple, interconnected platforms and closely linked to the development of augmented reality gadgets. In addition, metaverse is also about commerce, and some have linked it to crypto currencies like bitcoin. It can lead to the emergence of a digital economy, where users can create, share, and trade experiences and assets. Therefore, many experts believe that the metaverse will be the future of the internet.

The term is being embraced by several major tech companies such as Facebook, Microsoft and Nvidia. Especially, Facebook considers itself as a metaverse company and even rebranded to ‘Meta’ to evoke the concept and symbolizes its deep dive into this new online world. Nowadays, platforms namely Roblox and Fortnite, which have gaming at their origin, are known as metaverses.

📌What Benefits Lie Ahead?
With the concept of Metaverse, it is more likely that we can improve the virtual living standards and overcome the constraints of the physical world. The outstanding merit of the metaverse is the identification and realization of new applications that would revolutionize the way individuals use the internet and other related digital communication technologies. Specifically, it can strengthen the existing digital experiences of users as well as introducing real-world capabilities in virtual universes. Here are 3 potential benefits associated with it:

✔️Extension of Experiences: The metaverse will radically increase the affordability of a wide range of experiences, products, and services with practical applications. For instance, users can test products before purchasing or virtually experience world travel by using VR headsets.
✔️New Breed of Games: The promotion of new NFTs or blockchain games have become more prominent since the metaverse opened the doors to a whole host of new interesting games with play-to-earn models. Thanks to the decentralized economic models, users are allowed to reap economic returns from their gaming experiences. It also contributed to the enormous popularity of eSports with VR sports training, competition, and post-game locker rooms.

✔️Completely New Economy: The metaverse offers the opportunity for the so-called creator economy by facilitating trade of assets between users across various spaces. For example, you can sell a NFT created in a metaverse game on another platform in the metaverse. The economic potential related to metaverse blockchain use cases such as DeFi, NFTs and blockchain games also demonstrates how it can translate to an entirely new economy.

Metaverse can be regarded as a technological progress that helps to tackle the issues of the future and open up a world of more opportunities than ever. It is only a matter of time before the metaverse concept becomes a reality. So get yourself ready to take full advantage of it and uncover the versatility of this virtual environment! 😉😉

[jim1889]

Thank you so much . This information is very useful for me because i am also new at this forum. i thanks you again for this kind of information you have provided me.

[HeavLeighGill]

I'm interested to see what they do with this. Just recently got a first-person look into the VR experience, my nephew got an oculus headset. I've gotten a bit more excited to see what they do with this project.