This is my first post on METAVERSE and I got to learn about it because I just have to have an idea of what people mean and talk about. A few have been posting about it and I just feel lost except knowing it was changed or gotten from the original name which is Facebook.
We all know that the name META was gotten recently due to a change from Facebook. In late October, the CEO of the greatest social media empire Mark Zuckerberg announced the change from its original name putting the world to the same question which is, the reason for the change.
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Some believe the metaverse will revolutionize how we live and communicate with different people all over the world, but it will only take a few years to implement and take its full potential and this means new opportunities for investors.
Now we have to understand what metaverse is all about to fully grasp the concept of it. And in general words, a metaverse is a digital or virtual world that can allow users to interact freely with other users using avatars and it also contains different spaces for games, communications, any work-related activities, and lifestyles.nMetaverse has offered a life-changing experience to users making them invest more in it.
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There are different ways in which users can invest in the metaverse and it starts with buying stocks and the common stocks are the Metaverse itself and Nvidia, Nvidia which as an open-source tool allows its users to be able to build a digital or virtual world through its Omniverse platforms.
There are also other ways like buying of tokens and NFTs, the token is usually game tokens that can available on exchange platforms like FTX and some of the tokens are AXS which is an Ethereum token that is the source of power for the Axie Infinity blockchain game, also the recent token that has been on the recent increase and talks about the token, the MANA token powers Decentraland and can be used in the purchase of virtual lands.
And also another token is the SAND, which allows users to create and play the game in their taste and have their own experience and the experienced can also be monetized, the SAND is also a native crypto token.
While the most popular way to invest is the non-fungible token (NFTs), the NFTs have been the most popular tokens in the game world and other industries, the MANA Decentraland and SAND both use the NFT as a source to denote ownerships of virtual land and artifacts to the users. The sandbox also allows users to monetize their NFTs after minting them and also share them with other users.
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It isnt really that close. People keep hyping it and the term Metaverse is a buzzword. The reality is there is a lot of infrastructure needed, some of which is going to take a couple decades to build. For example, our communication systems needs make speed upgrades to ensure latency to make the virtual worlds seems real. This will likely only happen after edge computing is to the point where advanced AI services can operate there.
This will take a long time until we get to anything that even resembles Ready Player One which is only a portion of the Metaverse.
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True tho, the hyping just make it seem something extraordinary is coming up
And probably the VR sets become affordable for the general public over those decades, because nowadays they are very expensive.
exactly