Metaverse is expected to be discussed more and more. While it's still in its infancy, it's clear that the metaverse is likely to radically change the way we interact online, how brands advertise, how quickly crypto coins are adopted, and a number of other life aspects of music, the economy and other industries.
Here's an explanation to help understand what changes are taking place—and what they will be. Especially the link between the metaverse and the world of crypto money.
According to Coinmarketcap, the metaverse is a virtual space created as a digital version of various aspects of the real world, be it human interactions or economic functions.
More specifically, the term metaverse refers to a virtual world that resembles real life, with land, buildings, and avatars that can be bought and sold, often using cryptocurrencies. In this world, people can move, make friends, visit certain places, buy goods and services, just like in real life.
Etymologically, metaverse itself comes from the word 'meta' which means 'beyond' and 'verse' which means 'universe'. So the metaverse can be interpreted as a space filled with matter that goes beyond all things seen in this world.
The concept of metaverse was first introduced in Neal Stephenson's novel Snow Crash in 1992 which tells the metaverse journey of a pair of couriers to save themselves from a capitalist dystopia.
Meanwhile, essayist Matthew Ball predicts that the metaverse will become a gateway that brings people to various digital experiences and become a platform that can even absorb new workers. He believes that the metaverse can be a driving force to create a new generation of companies and become an industry leader.
5 Key Characteristics of the Metaverse
Futurists say that the concept of the Metaverse is similar to the depiction in the science fiction story Ready Player One. The metaverse can be identified by several basic characteristics such as the following:
persistent
Metaverse will continue to run without ever experiencing a reset, pause, and will never end.
Real-time
Although the events in the metaverse space are pre-designed, users can experience each experience in real-time.
Economic Function
As in the real world, the economy in the metaverse space is fully functional. Various buying and selling activities, product and service transactions are carried out with blockchain-based native currency.
Bridge with Real World
If the virtual reality metaverse only presents things virtually, then the augmented reality metaverse works the other way around. This technology connects the virtual world with the real world through digitizing or linking actual graphic coordinates.
Open Space For Users
One of the interesting things in the metaverse space is the role of users as the biggest content contributors. This is slightly different from the previous version of the digital universe concept where content and experiences are created jointly by companies and users.
Crypto in the Metaverse World
The large dominance of crypto coins, especially recently, has made many application developers see the metaverse as an opportunity, including Beeple. John Herrman from the New York Times revealed that Beeple is developing a startup called Wenew, which will sell NFT in the form of someone's important moments. He calls it the memory palace of the metaverse.
Arthur Madrid, CEO and co-founder of The Sandbox also said that blockchain technology and cryptocurrencies will play an important role in the future growth of the metaverse.
Well, that's an explanation of what the metaverse is, including its role in the crypto world. For those of you who are interested in buying and selling crypto for both investment and trading purposes, download Pintu now! Starting from IDR 11,000, you can already own various assets such as BTC, ETH, BNB, SAND, AXS, and many more.
Here are some types of crypto coins that belong to the metaverse:
Axie Infinity (AXS)
Decentraland (MANA)
The Sandbox (SAND)
THETA (THETA)
Engine Coin (ENJ)
WAX (WAXP)
Sushiwap (SUSHI)
Ultra (UOS)
MyNeighborAlice (ALICE)
CEEK VR (CEEK)
Division Network (DVI)
Chromia (CHR)
Phantasma (SOUL)
WEMIX (WEMIX)
UFO Gaming (UFO)
Illuvium (ILV)
Bloktopia (BLOCK)
Vulcan Forged PYR (PYR)
Radio Caca (RACA)
MOBOX (MBOX)
Starlink (STARL)
Yield Guild Games (YGG)
PlayDapp (PLA)
inSure DeFi (SURE)
Wilder World (WILD)
Star Atlas (ATLAS)
Mines of Dalarnia (DAR)
LUKSO (LYXe)
