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What is the Metaverse?

Metaverse

Metaverse is a virtual world that allows people to interact in a digital space – much like Second Life or Minecraft. In this world, users can communicate and engage with others using avatars and visual representations of themselves.

Crypto, nft, game

In the Metaverse, users can create and own property, much like in real-life. They can also trade and sell that property in exchange for non-fungible tokens (NFTs) or other units of value.

Creating virtual goods

The Metaverse is already home to a number of augmented reality services that allow users to try out new fashions, furniture, or eyewear in the digital world before making a purchase. In the future, Metaverse-based virtual goods could be sold directly to consumers and businesses.

Socializing in the Metaverse

Many people enjoy socializing in virtual environments, especially when they have access to a group of friends or other people in their same location. The Metaverse could expand these experiences by enabling real-time interaction between players, as seen in games such as “Fortnite” and Roblox.

Learning in the Metaverse

In the Metaverse, teachers can teach learners without restrictions of time and place. These unique features of the Metaverse will open a new window for education.

The concept of the Metaverse was introduced in 1992 by Neal Stephenson, author of “Snow Crash.” It is a spatial computing platform that provides digital experiences as an alternative to or a replica of the real world. It combines social interactions, currency, trade, economy, and property ownership – founded on a bedrock of blockchain technology.

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