Definition Of Metaverse
Metaverse is a consistent, online 3D world concept that combines several different virtual spaces. You can think of it as the future form of the internet. Metaverse will allow users to work, meet, play games and socialize together in 3D space. Metaverse is not yet fully realized, but some platforms contain elements of Metaverse. Today’s video games offer the Metaverse experience. Developers have pushed the boundaries of gaming through hosting in-game events and creating a virtual economy. While not a requirement, Cryptocurrencies can be a great fit for the metaverse. They enable the creation of a digital economy with various types of utility tokens and virtual collectibles (NFT). Metaverse will also benefit from using crypto wallets, such as Trust Wallet and MetaMask. In addition, blockchain technology can provide a transparent and reliable management system. Blockchain, an application similar to metaverse already exists and is able to provide decent income for its users. Axie Infinity is one of the play-to-earn games that many users play to earn extra income. SecondLive and Decentraland are other examples of successfully combining the world of blockchain and virtual reality applications. If we look to the future, the big tech giants will always try to take the lead. However, the decentralized aspect of the blockchain industry allows developers with small capital to participate in the development of the Metaverse.