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Facebook’s Metaverse – The Next Chapter of the Internet
The Metaverse is a virtual world that has the potential to change the way people live, work, and play. Its creation was made possible through the decentralized blockchain technology, and the infrastructure is already in place. The success of this new society will depend on its success in global markets, and the success of play-to-earn features will be crucial.
Facebook’s CEO, Mark Zuckerberg, has dipped his toe into the metaverse, calling it “the next chapter of the Internet.” While he has already done a lot for the world, the real promise lies in the hands of the users. For example, they can turn digital assets into play-to-earn games and invest in non-fungible tokens. To do this, a metaverse blockchain needs to secure and verify the data that is stored there. It will also need to be backed by cryptocurrency to facilitate this kind of interaction.
Metaverse’s new technology enables a whole new level of entertainment. For example, if you are an aspiring musician, you can make friends with AI avatars. There are even planets dedicated to meditation and self-actualization. A user can also build a non-custodial crypto wallet.
The metaverse is constantly growing and incorporating new technologies to help people have an enjoyable time and make money. The economy in the metaverse will be driven by entrepreneurs who offer services, create content, and make things available in the metaworld. It will be important for these entrepreneurs to figure out how to monetize their services efficiently. Some of the services that will benefit from a monetization strategy are virtual currency and non-fungible tokens. Other services include psychological services and online cinemas. Some tokens will also serve as passes to clubs and events. A user may also be able to access virtual worlds through VR goggles, or even travel to a new planet.