The short answer is Virtual Reality; yes, you heard it right. People are so into it that they are investing millions of dollars for a tiny pixel of land in it. Some call it hype and some the future of humankind, well who is right, only the time will answer.
The general purpose of any metaverse concept is to breach the borders of reality and distance and let its users interact with one another through a shared, virtual space.
You can now create an Avatar of yourself and live your virtual life in the Metaverse. It is like the movie Matrix, isn’t it? The only difference is that you know you are in the virtual world—jokes on us.
We humans have always wanted to shrink the distance between each other, and the Metaverse is one giant leap towards it. We first invented telephones, then video calls, and now you can meet the virtual person in reality.
These virtual worlds are not owned by any single entity, and they are decentralized, which means the government or any individual can’t take them down.
These worlds are hosted on multiple servers, and you can’t shut them all off.
A metaverse takes these interactions further by implementing various new technologies that can create much more immersive experiences, making it an extension of our physical world. It has exploded the artistic mindset of an individual.
Metaverse Characteristics
- Virtual reality
- Augmented reality
- True ownership via Non-Fungible Tokens
- Use of cryptocurrencies
- Use of blockchain
- Interoperable
- Connectivity with outside systems
- Decentralized in nature
- 3D avatars.
You can buy land in Decentraland or the Sandbox. It sounds so good; it does feel like we have multi-parallel universes. We can exist in more than one virtual world.
