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Blockchain and the Metaverse
The term “metaverse” came into being when Neal Stephenson coined it in his 1992 cyberpunk novel Snow Crash. It describes an escape from reality into a virtual simulation and the resulting merging of virtual and real worlds. Since then, the concept has been the subject of numerous other science fiction and fantasy novels. In this article, we will discuss what a metaverse is and how it works. We’ll also examine how the concept relates to blockchain.
As a social media site, Facebook has taken the leap and rebranded as Meta last year. The change indicates that the company’s ambitions are broader than simply providing a platform for virtual reality. In addition to enabling a new way to connect people in the real world, Metaverse could also play a crucial role in the future of our economy. However, we can’t fully understand the future of this world until we have seen how it is already impacting society.
As Facebook rebranded as Meta last week, a new wave of blockchain-based games is emerging. Decentraland, Axie Infinity, and SecondLive are a few of the most popular metaverses. Decentraland, for instance, is a blockchain-based game where users can build virtual land and earn real world currencies. The AXS token has recently surged to $162, which is a 200% increase in three months.