What is metaverse?
Metaverse is a virtual reality space where users can interact with other users in a computer-generated environment.
Metaverse is a digital reality that includes aspects of social media, online gaming, augmented reality (AR), Virtual reality (VR), and cryptocurrencies which allow users to interact virtually.
Facebook recently rebranded itself with a new name “Meta”.
Meta is derived from the word metaverse. In industries like tech and business, the term metaverse is fast becoming a buzzword
Meta Ceo Mark Zuckerberg said in July that Facebook will transition from being a social media company to a metaverse company in the next 5 years.
Fans of the metaverse consider it to be the following stage in the improvement of the web.Blockchain technology is also a specific type of metaverse.
This same technology is behind bitcoin.
Other than that there is a blockchain-based virtual world I.e decentraland. Here users can buy digital assets like clothes and even land using cryptocurrencies.
Nowadays seeing the popularity of metaverse many fashion companies wanted to capitalize on this trend, they have been experimenting with making virtual clothing.
"People say NFT’S are a scam, but they post their original creations on Instagram in exchange for the digital heart".
Once blockchain becomes mainstream the internet will be owned by the individual. Metaverse is the rise of individual ownership.