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What is the Metaverse?
Crypto, nft, game
Nowadays everyone from libertarian magnates and anarcho-capitalist cryptocurrency advocates to video game developers and Coca-Cola have glommed onto the term Metaverse with abandon. What it actually is or will be, however, remains largely unclear. Metaverse is an aspirational concept that signals alignment with “the future,” broadly conceived.
One popular way to describe the metaverse is as an immersive virtual world that people can access through VR headsets and other devices. These tools will ultimately provide a seamless experience that allows users to move about and interact with their environment using avatars (digital representations of themselves) that act as their ticket into the metaverse.
A wide range of applications are being envisioned for the metaverse, including the ability to invest in digital real estate (blocks of land called parcels that can be bought and sold) and social networking. Businesses are also experimenting with the technology to add an element of realism to remote work experiences, including setting up 3D rooms for collaboration.
The metaverse will require advances in several technologies to make it possible, including 3D graphics rendering and simultaneous location and mapping (SLAM), blockchain, compute power, sensors and sensor fusion, and high-speed connectivity. As these capabilities improve, the metaverse will evolve into a highly interconnected system that is dynamically optimized to meet different application scenarios. For the time being, though, many experts warn against overhyping the technology and instead point to its more realistic potential.