Metaverse- A Bridge Between Virtuality And Reality
Actual people are represented digitally in the Metaverse, a digital and virtual space in which they exist. It’s a way of using digital objects to represent real people. Also, it’s possible that it’s a virtual world in which one can be both active and inactive at the same time. While participating in a Zoom meeting, you can be both physically present in a meeting room and also be seen by other participants in the meeting via a static image, or avatar.
Snow Crash, a 1992 science fiction novel by Neal Stephenson, introduced the concept of the metaverse. It was the central theme of the novel that human avatars interacted with software representatives in a 3D virtual world. It’s just that Mark Zuckerberg’s idea received a lot of attention when he pitched it.
To align with the slushes and mushes of everyone, the metaverse extends beyond social media and into every aspect of life, from business to education to entertainment.
According to popular belief, digital currency (crypto) will soon be the Gucci way to access the metaverse’s virtual world. This idea holds water because of how easy it is to get your hands on virtually anything these days, such as digital homes and businesses, avatar clothing and art, and more. The cryptocurrency industry has also been a proponent and follower of the metaverse. For example, Decentraland is a virtual property platform that allows you to buy and sell virtual land (referred to as “LAND”). Sandbox is a virtual property platform that allows you to sell virtual land and other assets (referred to as “SAND”) using metaverse coins. Cryptocurrency projects like Sandbox and Decentraland are pursuing a metaverse vision. In crypto, a metaverse is a virtual marketplace where you can buy anything, including assets, estates, land, and more. Sandbox’s native token, Sand, which is built on Ethereum, saw a 300 percent increase in value compared to Decenterland’s native token, Decenterland. This is it-congrats!!! Welcome to the Metaverse’s virtual world.
Cryptocurrencies and blockchain supply will now go hand in hand and become decentralized, making them independent of tech companies and payment providers, and making the launch of a metaverse in this world possible. So, just like there are always two sides to every coin, there could be two sides to this as well. Elon Musk, for example, believes the metaverse will increase the credibility of crypto and make it a safe play, while Bin Gilbert isn’t convinced that the metaverse can become user-owned or decentralized if developed by Meta, Microsoft, Apple, etc. Raj Gokal, the co-founder of the cryptocurrency network Solana, also stated: “I worry that the metaverse is overhyped” (industry-wide). For an unreleased product or category of products, there hasn’t been anything like this much hype in mainstream media, maybe ever. “
According to Olwale Daniel’s statement, “The more you dig deeper into crypto, the more you will discover you know little about so many things in life. Never stop learning new things!