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What is the Metaverse?
The term “metaverse” originated from the 1992 science fiction novel Snow Crash, in which Neal Stephenson imagined lifelike avatars inhabiting virtual reality or 3D structures. Neal Stephenson’s vision was based on the idea of a world where humans can interact with other beings in the same way as they would in the real world. Although the term has been used in the past, the term is new and exciting today.
The idea of a virtual reality platform where people can hop from one platform to another is still in its early stages. But the concept is not completely new – it already exists in virtual worlds for real estate and gaming, and is even a bit futuristic. In a metaverse, users can buy a Burberry shirt on one platform, take their avatar in a new drip to another, and invite people to hang out at their house.
Although there are a lot of concerns and obstacles regarding this emerging technology, some investors are firmly behind it. Index Ventures, a European private equity fund, has invested in several companies that are further along in their development stages, including Metaverse. Some of its more well-known investments are Trello, Farfetch, and Revolut. These companies are also investing in the future of streaming platforms. The company also plans to explore the possibilities in the metaverse.
Despite the difficulties in implementing a new medium for digital communication, there are also many advantages. In addition to the ability to interact with virtual avatars, Metaverse users can make friends with AI-assisted AI. There is a large musical offering in one of the Metaverse’s content centers, Sensorium Galaxy. The world-renowned musicians will collaborate in this galaxy. It also includes additional content centers, including an entire planet dedicated to meditation and self-actualization.