Metaverse

Hypothetical iteration of the Internet

The term metaverse was originated in 1992 from the science fiction novel “Snow Crash”. The metaverse is considered as the next big evolution of the internet .

What is Metaverse ?

It is a concept of a online 3D universe that combines different virtual spaces . The metaverse users will be able to work,meet,game and socialize in the 3D virtual spaces.The metaverse is fully not into existence and can be better experienced in the video games .The metaverse will be driven by augmented reality, with each user controlling a character or avatar. For example, you might take a mixed reality meeting with an Oculus VR headset in your virtual office, finish work and relax in a blockchain-based game, and then manage your crypto portfolio and finances all inside the metaverse.

Top Metaverse platforms to Lookout for..

1. Decentraland(MANA) : Decentraland has a market value of nearly $5.6 billion. Decentraland, a social virtual universe, contains the Metaverse. MANA has doubled in three months, despite a December decrease. Decentraland is the first decentralized online setting and largest metaverse cryptocurrency.
2. Axis Infinity (AXS) : With its animal-like avatars and the options it offers to its players, this blockchain-based metaverse game has astounded the globe. Players have made sizable sums of money while engaging in their favourite pastime, gaming. On Axie, many people hold full-time jobs. AXS and SLP, two of Axie’s native currencies, power the Ethereum blockchain metaverse idea. Each player has a unique role. The administration token is AXS. AXS owners can vote on updates and how the treasury balance is used. AXS is among the top metaverse coins, and its value climbed 200% in 2021 alone.
3. Celebrity Atlas(ATLAS) : Celebrity Atlas is a future-based, metaverse-dependent game where players can conquer land and gather resources in the year 2620. ATLAS and POLIS, based on the Solana blockchain, are available from Star Atlas. The first, ATLAS, functions similarly to traditional in-game currency by granting access to the market and allowing players to engage in activities like battling, exploring, and trading. This is crucial because, with a few exceptions, every property in the game is an NFT. In contrast, POLIS lets people get involved in “political intrigue,” as the developers put it.
4. High Street(HIGH):Highstreet is an advantageous metaverse idea. You can shop in the online cosmos using HIGH, like others. Some Shopify sites link to the gaming platform. Its mixed digital experience distinguishes it from rivals. Half-virtual, half-physical model adds curiosity. NFTs are essential to the platform’s success, and many businesses can be onboarded so their items can be NFTs. HTC funded the project, which raised $5 million in August 2021. It’s worth roughly $85 million since January, and it’s up 90% since its debut in October 2014.

What is the use of metaverse ???

1. Remote Virtual Office : Ever since the COVID-19 remote work has gained lots of attention. Metaverse helps to create a virtual office space for your team so that everyone can meet and work together in real time.
2. Virtual Tourism: This was the sector which went down in covid-19.Metaverse not only provides virtual tours to real-world cities or digital representations of real estate but could be used to visit simulations of famous landmarks and buildings in their original condition.
3. Online Gaming: The gaming industry is one of the driving forces behind the development and implementation of the metaverse. Gaming companies are investing heavily in research and development to create new and innovative ways to bring games to the metaverse.