If there is any trending topic which is going on in the technology world, then it is none other than metaverse. It gained more popularity when the social media giant FB changed its name to Meta in 2021. Another thing, that you ought to know is that, the metaverse is created on the blockchain technology and the work is still in progress. However, there are analyst who are expecting the market value to reach around more than $1.5 billion by 2030. As the internet moves into dubbed Web 3.0, the manner in which people interact with the technology may also change. It is already a platform, where the users collaborate on work projects, teach each other important skills, and create a sense of community. But, the Metaverse project, takes this to a totally new level.
About Metaverse –
Metaverse can be called as a digital platform which integrates the elements of online reality, augmented reality, gameplay and more. The name comes from the novel, ‘snow crash’ (1992) in which the author Neal Stephenson used the term to describe the 3D buildings and virtual (online) worlds, in which the avatars met. Metaverse innovators see it in the form of extension of what we already know and work online- like sharing of data, connect with others, shop, entertain and this all just happens in 3D. In a wide sense, the metaverse is more of a social network and more than that. It symbolizes a shift in the way people are these days using the internet to connect and communicate with each other. You can experience the perpetual online world that exists in metaverse by playing games like World of Warcraft, Roblox and so on.
Metaverse and Its Role in Cryptocurrency –
The role that cryptocurrency plays or vice versa, is of two-fold – cryptocurrencies are used in the virtual world and the technology which it has built. You can also get Token for Metaverse using AI online. For instance, MANA is a currency of Decentraland, an ERC-20 token used for trading LAND and paying for good and services in the virtual world. On Ethereum blockchain the Decentraland works.
Metaverse Projects that People Are Watching –
You can also check here in the referenced link, about AI Metaverse Project. Some of the noteworthy projects that have created the interest comprises of Sandbox and Decentraland. You can watch what happens to the value of the land’s digital coin. Others folks may want to learn which digital worlds are appealing the utmost attention from the public at large. Another group of individuals may be looking for metaverse to switch to as a consumer.
In some of the ways, keeping a track of the projects of metaverse was like the search race in the 1990s and early 2000s. One of the common queries that, many people have these days is that, which metaverse project will win. Some of the best meta verse projects that people are seeing are – Axie Infinity, Cryptovoxels and Decentraland. Metaverse has become popular.