Subscribe: http://cryptonewsalerts.net

Facebook’s New Metaverse

Earlier this week, Facebook’s founder and CEO, Mark Zuckerberg, made a bold announcement about his plan to create a new virtual space using augmented reality and virtual reality technologies. The idea is to create an “alternate universe” that allows people to connect with people, products and ideas from anywhere.

Zuckerberg said that the Metaverse would be the next chapter in the Internet. The virtual space would offer users the opportunity to work or play.

The Metaverse will allow users to interact with each other through an online avatar. It will also provide a place for free speech and movement.

The idea behind the metaverse is to create a network of 3D virtual worlds, facilitated by augmented reality headsets and virtual reality software. The metaverse will be a virtual space where everyone can come together to socialize and shop.

The Sandbox is a startup backed by tech investors, gaming brands, and even the CEO of Snow Crash. The project is based on the Ethereum blockchain and offers powerful tools for creating virtual worlds.

Those who are interested in the crypto industry have already started to build in-house marketplaces for NFTs (Non-fungible tokens) for use in their Metaverses. The Sandbox also offers an editor that allows users to create animations and other content for their virtual worlds.

The NFT could become the basis for an economy in the Metaverse. Some projects have built NFT collectibles for use in their virtual worlds, such as Sorare, which lets users create a digital identity for free.