Digital Economy Blog – The metaverse is the future!

2023-11-21 14:10:18

The Metaverse is a persistent, interconnected virtual universe that allows users to connect, socialize, and interact in an immersive way. It is often described as an extension of physical reality into a synthetic, recreated, or computer-created reality.

The history of the metaverse and its interpretation over time:

The term “metaverse” has its origins in the science fiction novel “Snow Crash”, written by Neal Stephenson in 1992. This book paints a picture of a future where the protagonists interact within a 3D virtual reality , which is presented as the future of the Internet. The components of the word “metaverse” perfectly reflect the enthusiasm generated by this technology, as well as the more general revolution which is taking shape in our relationship with digital technology.

The concept of “metaverse” has existed for three decades already. Gradually, it is becoming popular with the general public. It is a shared, persistent digital space, where users can interact in 3D or 2D during videoconferences. It is an online universe where real-time interactions with other users and virtual objects are at the heart of the experience.

Launch of the beginning of the metaverse by Mark Zuckerberg, is this really the future?

The Metaverse universe really gained momentum with Mark Zuckerberg’s announcement that Facebook was changing its name to Meta. According to him, the metaverse represents the future of the Internet and promises to undoubtedly evolve our social interactions.A new virtual universe, a new planet, a new world, is that great or is it just an announcement effect to show that Mark’s group is always one step ahead? 1 billion dollars at the moment and that’s the minimum, Facebook’s investment is 36 billion dollars over 4, 5 years, it’s considerable, because when you think of metaverse, you think of a virtual environment or you can move around and interact… consumers in general already use augmented reality, they already have a mixed and virtual experience, this reality is the notoriety of the term metaverse reality, a business that exists and is already available on which you can innovate, it was 15 to 20 billion dollars a few years ago, it will be 300 billion in 2026.. there are real uses, sincere people.

How can NFTs impact metaverses?

Metaverses pave the way for the creation of an alternative digital reality. NFTs, for their part, aim to disrupt the classic model of social networks and multiplayer online games by transforming the way users interact, socialize, and carry out transactions within these virtual universes.

More transparency and efficiency in the economy!

Metaverses are growing as entities in their own right, and any society, virtual or real, needs a functioning economy to thrive. In a metaverse, the economy relies primarily on the verification of digital assets, whether cosmetic or utilitarian.

NFTs play a crucial role in the metaverse economy, by allowing the authentication of everyone’s possessions, they could be used to monetize virtual experiences, such as concerts, sporting events and games.

A new experience?

NFTs can be seen as an extension of users’ identities in the real world, providing a new level of control and flexibility to shape that unique identity.

Each NFT is protected by a cryptographic key, guaranteeing its integrity and security. An NFT cannot be deleted or fraudulently copied. The process of creating (minting) an NFT permanently records its data in the blockchain, thus ensuring its immutability. The robustness of blockchains, as well as their potential for interoperability, suggest that in the future, it will be possible to transfer NFTs from one metaverse to another.

NFTs are still an emerging technology, but they have the potential to revolutionize the way we interact with the metaverse. As the technology continues to develop, we will likely see new and innovative ways NFTs are used in the metaverses.

The Metaverse is still in development, but it has the potential to be a transformative technology. As technology continues to develop, we will likely see new and innovative ways the metaverse is used.

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