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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.
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What is the Metaverse?
The metaverse is a digital world that allows its users to create and participate in virtual experiences. It has the potential to help people create and develop products in 3D. Currently, the metaverse is still in its infancy, but as it grows and expands, more features will be added. One of the main components of the metaverse is its avatar, which represents the user within the virtual world. This avatar can be either a real person or a fictional one. Some platforms already offer pre-built avatars, including Horizon Worlds.
Other companies are starting to explore the potential of the metaverse. Microsoft, for instance, is building a platform that connects 3D virtual words in a shared universe. This is expected to make it possible for companies to simulate factory environments and buildings. In addition, Nike is making use of the metaverse as a tool to boost its brand. The company has registered digital trademarks for virtual Nike gear and has developed a game called Nikeland for the Roblox platform. Among the other companies making use of the metaverse, Snapchat is making a splash. The company has been developing augmented reality filters and will soon be launching its own augmented reality glasses.
One example of a metaverse is the popular online massive multiplayer game Second Life. Linden Lab, a San Francisco company, created Second Life. It featured an economy, and players could buy virtual items and play games. The company also recently acquired the virtual reality headset maker Oculus.