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The Question: is “the metaverse” just a Video game with your own personal virtual world?

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Kaditya
@kadi.crypto
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3 min read

The brilliance of virtual and augmented reality also conceals the most common entity of the metaverse that are more likely to come true.

Now the virtual universe is a reality that It would be so easy for tech giants to make an AVTAR in an open virtual, a code that enables the user to create its digital copy in metaverse which exhibits the different traits like hair style, eye colour, clothing, even the property on the virtual world. In this Metaverse, instead of watching the movies, news and any media, you can feel like you are in there. you can virtually witness all the event from roaming around in any place to working earning real money.

The Money part, that drives the Metaverse economy will be backed by the cryptocurrency. Some of the technologies that will enable the metaverse, including virtual, augmented reality and blockchain cryptocurrencies have been developing at slow pace but now it is reaching critical levels of competence for success.

“Means Metaverse is not a concept anymore, it becomes reality of today”

What is Metaverse and How It Is Linked with NFT and Crypto?

Metaverse is a Limitless, 3D, digital virtual world where anyone can enter by just typing its credentials on internet, just like we are login into our online account. At Metaverse, we can do anything just like we do in the real world as playing games, going office, walking, attending seminar, concerts, communicate with friends, build relationship etc.

The economy of metaverse thrives through the Crypto which is based on the Decentralized technology, thus the Metaverse is also having the benefits of this Decentralized technology. Cryptocurrency exchange in virtual world will based on algorithms like Blockchain in which trusted peer-to-peer transactions without third party intervention is completed. Blockchain technology also features of sharing explicit ownership of assets, which is the game changer for metaverse digital world. It means this virtual world allows its citizens to buy, sell and monetize their virtual asset. They can have ownership of anything which is available in the Metaverse through NFT.

NFT ("Non-Fungible Token") that empower individual with true and legal ownership of any digital asset, such as art, gif, pictures, songs, media, objects, digital world real state and many more. Metaverse and NFT technology backed with blockchain cryptocurrency is the future of digital life economy that enable us to have virtual market place in Metaverse.

Starting into the Metaverse: our involvement in it.

This thought of metaverses is as yet in its earliest stages. Without a doubt, there's a variety of thoughts regarding what structure these Metaverse will take and which job they can play.

  • As a cryptocurrency investor, there are many ways to participate in the virtual world. The simplest thing to do is to straightforwardly purchase metaverse crypto tokens, which are accessible from many major cryptocurrency exchanges like Binance, Huobi Global, Coinbase, Kraken etc.
  • As with any investment, don't simply bounce in light of the fact that Facebook or another enormous organization or celebrity is doing it. Invest in some opportunity to see how these universes work and which ones are probably going to make due in the long haul. You can also choose to buy stocks of companies participating in Metaverse instead of cryptocurrency.
  • The metaverse is broadening your reality, for example digital showroom areas where one could sit at home in India and for all intents and purposes visit a display area in the USA. He could purchase any thing and pay crypto coin/token. That is one more benefit of utilizing crypto that it is no longer bound to any nation, boarder and area.

The metaverse will start to come to fruition when Technologies like VR, AR, Blockchain and NFT propels. With the time 5G, startlink etc. will help to spread accessibility of internet more broadly open all over the planet, and these theologies will eventually gain boundless use. This new perspective has already been integrated into the NFT initiative. The Metaverse is also fuelling the virtual real estate boom. For example, Sandbox, Decentraland, Crypto bytes etc. are the metaverse based on the Ethereum blockchain and the NFT’s from these types of metaverse are available on the different NFT online marketplaces. As every aspect of human life changes online, the metaverse attracts millions of people accustomed to working from home.

Posted Using LeoFinance Beta