Beginners Guide

Metaverse: A shared Virtual Environment! 

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Apr 11, 2022

Metaverse is a fancy word for sure, but it's so much more. Prepare for the future of the internet, a universe of lights and noises, a reality that is different from the one you know.

A form of the Internet we don't just look at and use, but can literally enter- The Metaverse will surely change the way we live.

The potential of this technology has been noticed and encouraged. Last year, Facebook rebranded as Meta, indicating the social network's desire to be a forerunner in the new world. Moreover, interest in the project is still growing. For example, Microsoft's projected $69 billion acquisition of Activision Blizzard was portrayed as part of Metaverse's expansion.

Hype cycles in technology come and go. The Metaverse may burn out before it's ever realized. However, that doesn't seem to be the case at the moment. It's become a common phrase in gaming, NFTs, and shopping.

Alright, before we move further, let's dive into the definition of Metaverse!

What is Metaverse? 

The Metaverse is a public virtual world that the internet can access. It can be referred to as a 'virtual world' that parallels our IRL lives and activities, like having areas like offices, houses, parks, parties, and clubs.

This digital space converges social networking through augmented reality(AR), virtual reality(VR), and crypto, allowing people to connect digitally. Users can also use a virtual reality headset and controllers to journey through the Metaverse for leisure with no specific objective.

To improve the user experience, the human profiles are presented as avatars and connect virtually to establish a community. Furthermore, Metaverse provides users access to their digital avatars through NFTs to prove ownership of a persona, and each avatar is tokenized.

Digital cash is used in the Metaverse to purchase clothing, weapons, and shields in video games, ...

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