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The Metaverse: Crypto, NFTs and More

Metaverse is a buzzword that has taken hold of the tech industry. Often, it’s presented as a new, immersive 3D digital world that will bring with it unimaginable opportunities for business. While that vision is a possibility in the future, it’s important for IT professionals to separate hype from reality and take practical, affordable steps to meet the metaverse’s challenges and potential.

The Metaverse: Crypto, NFTs and More

As the technology behind the metaverse evolves, what many people refer to as the metaverse today looks like virtual worlds and video games a la Roblox or Fortnite. The avatar-driven experiences are often augmented by a virtual currency (like bitcoin) and the non-fungible tokens (NFTs). Many games, including the massively multiplayer online roleplaying game Sandbox, offer NFT-enabled marketplaces to incentivize players for playing the game. Some of these games even incorporate real money, allowing users to exchange in-game virtual goods for real cash.

These platforms are just a taste of what the metaverse could look like in the future, which is predicted to be built on Web 3.0, a decentralized architecture that will allow for interoperability among countless experience providers. But a lot of work still needs to be done, from building the back-end engines that will make this future possible to advancing hardware and software that will allow users to enter these immersive spaces. One critical factor is accessibility, which includes accommodations for blindness and motor impairments to preventing social anxiety or sensory process disorders.

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