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The Potential of the Metaverse for the Everyday User
The concept of a virtual world called the metaverse is catching on. The tech industry has been exploring this concept for years. As early as the 1990s, virtual reality was making its first shaky steps. Today, standalone wireless devices like the Oculus Rift and Quest allow users to visit virtual spaces. But what is the potential of metaverse technology for the everyday user?
One recent example of this type of virtual world is the video game Fortnite, which has 350 million users. This game recently hosted a virtual concert by rapper Travis Scott, which over twelve million gamers watched. Its aim is to establish a social community where people can meet and interact with each other. It might even be accessed through VR headsets, which are already popular for gaming.
Tokens in the metaverse are used as currency in these games. Users can exchange them for items, services, or other objects. They can be bought from top cryptocurrency exchanges. The use of cryptography in these games also helps to facilitate the digital economy and provide a virtual representation of ownership. For instance, an online cinema can issue tokens to allow people to watch movies. In some cases, tokens can even be used as passes to clubs or events.
The use of cryptocurrency in the metaverse is one of the hottest trends in the tech world right now. Many companies are exploring the idea, including Facebook. In October, Mark Zuckerberg released a lengthy video laying out the company’s big ideas. However, he didn’t mention decentralized.