Facebook’s Metaverse – The Next Chapter of the Internet
The concept of the metaverse is one that has garnered quite a bit of interest. Facebook CEO Mark Zuckerberg described it as the next chapter of the internet, and his announcement sparked widespread interest. In a nutshell, it provides an unlimited space where you can be yourself. You can work, play, and gather with others. You can also do any type of creative work. The metaverse puts the entire physical world at your fingertips. What’s more, you get to use your imagination to create everything.
Entrepreneurs are driving the growth of the metaverse, as they will be providing services, creating content, and doing other useful things for the metaworld. The key to monetizing these services is to create non-fungible tokens that can be used to own hour sessions, such as a movie ticket. You can also issue tokens to attend events, or even visit a different planet. The metaverse is set to be a highly profitable place for entrepreneurs, and the future of the internet rests on these entrepreneurs.
While the development of the metaverse is still in the early stages, many tech and gaming companies are putting their resources behind it. Microsoft, NVIDIA, and Epic Games are investing in Metaverse. Lionsgate is partnering with Sandbox on a metaverse destination based on their “Hellboy” movie. Because Metaverse is based on the Ethereum blockchain, its safety and reliability can be assured. However, users should note that gas fees can be high, so be prepared for that. However, the metaverse editor provided by The Sandbox is a powerful tool for creating virtual worlds.