In this video, we will discuss the price of Bitcoin, Ethereum, and the top altcoins. We’ll take a look at the cryptocurrency markets and the latest crypto news.
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What is the Metaverse?
Metaverse is a virtual world that people access with their virtual reality goggles or a fiber optic network. The concept was first introduced in Neal Stephenson’s 1992 cyberpunk novel Snow Crash, which described an alternative to the physical world that people interact with through avatars.
The term “metaverse” has since gained widespread usage in popular culture. Video games, such as Fortnite and Roblox, use the Metaverse to enable players to interact with other users in real time. Similarly, Improbable, which co-founder Narula Narula co-founded in 2012, hosts events bringing 30,000 people into the same virtual world.
Crypto: The Metaverse is a new era of digital connectivity, virtual reality experiences and e-commerce
A number of companies are rushing to make their presence in the metaverse. The most prominent example is Facebook, which plans to bring all of its apps and technologies under one company brand called Meta in 2021.
Non-fungible tokens (NFT) are envisioned as an important foundation of the metaverse. NFTs allow entrepreneurs to monetize their services efficiently. For instance, a psychologist can issue tokens that give the holder the right to an hour of session or an online cinema can provide tokens for the ticketing of movies.
Gaming: The Metaverse is a future of immersive technology
The game industry has long been building proto-metaverses, creating complex, sophisticated, popular virtual worlds. For example, computer and console-based games like World of Warcraft and Roblox are currently developing the Metaverse as part of their gaming experience.
