What Is Metaverse? | Everything To Know About Digital Social Connections
The metaverse is the next evolution of the internet. It will take many forms, including gaming, online communities and business meetings where people collaborate via their avatar of themselves.
In simple words, a virtual world in which people live, work, shop and interact with others from the comfort of their physical world. Let us know in detail about the concept and connection between Digital & Social connections.
What Is Metaverse?
This concept was first described in 1992. Several companies later developed online communities based on the concept. Here, people use avatars to represent themselves, communicate with each other and virtually build out the community.
In the metaverse, digital currency is used to buy the products. Moreover, users can also virtually travel using a virtual reality headset and controllers.
It is a kind of next-generation virtual reality-based internet. Maybe we are not going to experience it soon as the framework was just started. Users will soon access a completely different world where they can touch and grab anything at any time using Virtual Reality technology.
Difference Between Internet & Metaverse
Through the internet, users can communicate with each other, view things, interact, buy & sell goods. It is a network of billions of people, servers and other electronic devices.
Whereas in this technology, users can live in a new digital world. Metaverse does not compete with the internet as it was built on the internet. Here users can access the virtual world that mimics aspects of the physical world using virtual reality (VR), augmented reality (AR), AI, social media and digital currency.
List Of Few Metaverse Companies
Let us see Zuck’s preview of the metaverse, which he shared at Facebook’s Connect conference last October.
Facebook Becoming Meta
There are many people who are wondering what is going to happen to Facebook now that the company’s new name will be Meta. But, to be clear, just the company name is changing with some enhancements to the existing Facebook. The name “Facebook” will remain same in social media platforms
Connection Between NFTs & Metaverse
The main connection between the metaverse and NFTs is related to digital assets and how they are given value. The metaverse will allow people to showcase digital forms of art and property, and NFTs will allow them to put a price on that content with proof of ownership.
We can understand that NFTs and the metaverse are synonymous because of the rapid growth in blockchain gaming, hence driving further growth by working towards a virtual world.
In addition, real-life identities and digital avatars give direct access to the metaverse with the help of NFTs.
We want to conclude that, we will experience a new virtual world soon through “Metaverse” where we can experience virtual meetings, go anywhere at any time, we can touch & grab things, etc.
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