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Facebook’s Metaverse – The Next Chapter of the Internet
The Metaverse is a new digital frontier that promises to give users access to anything in the world. It’s built on human connections and the ability to own and create value.
In this virtual world, you can create your own avatar, interact with others, and interact with physical objects. You can work, play, or shop. If you own items, you can sell them to other users.
To make money in the Metaverse, you can rent out space, pay for goods, or invest in non-fungible tokens (NFTs). You can also exchange property for NFTs.
While the tech hasn’t quite reached its full potential, the Metaverse promises to change how we work and how we do it. Zuckerberg sees the Metaverse as the next chapter of the internet.
Facebook is one of many companies vying for control of the metaverse. Unlike its competitors, Facebook has already put significant resources into building a Metaverse platform. Eventually, Facebook will expand its platform and turn it into augmented reality.
Some Web3 builders are skeptical of the metaverse. They claim that a decentralized autonomous organization will be impossible without tight integration, commercial partnerships, and gaming preferences.
But some crypto-natives understand the potential of the Metaverse. And they want it to be community-owned.
One of the best examples of how a metaverse can be built is by leveraging crypto-asset protocols. By creating a virtual representation of legitimate ownership, a secure system of cryptography facilitates the exchange of digital assets. This creates an incentive for users to build the Metaverse.