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What is metaversa? Meaning, examples, how to invest, more

What is metaversa? The definition of Metaverse varies in the technology landscape – for some, coordinating and interacting on virtual collaborative platforms such as Zoom is part of Metaverse. For the majority, a closer definition of Metaverse is the use of virtual reality and the Internet, which is an immersive network of 3D virtual worlds, which are facilitated by augmented reality, including trade and social interaction systems.

The most accurate definition of a metavers is a universal world where different platforms can interact and travel from one to another. This is a fact that is built for Blockchain defenders, but we are far from having the right -handing infrastructure that can work together to allow this vision to be real life.

While talking SawJohn Stefanidis is the CEO and founder of the NFT game platform BalthazarHe shared that people believe that Metaverse had a misunderstanding of “VR headphones and bodysuits”. In his opinion, we interact with the Internet through remote work, shopping and even online appointments, and we agree with some of Metaverse’s first repetitions.

For many, ‘entering Metaverse’ is to buy a land only and build a shop as a tool for a PR movement or as a way to build a virtual kingdom like Harry and Meghan. A place where fashion shows take place, designers can create digital fashion without environmental footprint or fygital fashion that combines both virtual fashion and IRL clothes. It is also a place where you can take your next date or wedding.

For this descriptive, it is best to describe Metaverse as a virtual world where users can enter the real world activities from the comfort of a computer, hand device or VR headphones.

Metaverse is a portmantea of ​​the words ‘meta’ and ‘universe’. Greek commodity means ‘beyond’ or ‘later’ because it is a world beyond our existing world. Referring to the evolution of the Internet known as Web3 has become a term in recent years.

The real coexisiness of Metaverse worlds may be far away, but since the beginning of the 2000s, virtual world games in the form of games such as repetition Sims And Second lifeThe place where users control avatars in a virtual world.

Some of the most popular worlds currently contain World of Warcraft, Minecraft, Fortnite and Roblox. Beyond the playground, companies are building spaces for colleagues to gather or participate in an office. Court Operations.

According to McKinsey Research, Metaverse can gain up to $ 5 trillion by 2030. Citi The projects of this can reach $ 13 trillion until then.

Although many assume this Mark Zuckerburg During his Keynote speech, Metaverse introduced his concept to the world. Connect 2021The word has been invented by a writer since the early 1990s Neal Stephenson Introduced the concept in his book Snow accidentIt is a story of the Hiro hero, a hacker who uses a katan who jumps back and forth between the dystopic Los Angeles and a virtual world he calls Metaverse.

Steven Spielberg’s film to understand what a metavers looks like best Ready player a It is a great visual example.

Mark Zuckerberg’s Horizon Worlds platform is another popular example, even though it is a real metavers, less ‘futuristic’. Ready player a.

Blockchain -based and Blokchain -based metaverse platforms are important. Blockchain Metaverse platforms are often built on a harmonious blockchain, such as workability, considering co-operation, and many blockchain-based platforms predict a future that companies can integrate similar standardized components that can move between platforms.

By building the block chains that make communication capabilities possible among different metavers, this will bring us closer to the reality of a real metavers. Other platforms are often limited to what is known as “walled gardens ,, that is, aims to keep players in the game.

Central (Meaning)

It is a social virtual universe where you can engage in activities such as participating in menentrals and concerts, socialization with spouses or being a virtual real estate investor. The money you earn in Menentrarand is paid in the form of the local currency of the platform. Menentrals and users access vehicles that help them create and personalize and design virtual environments. Every year, Metentrande Enters Fashion Week.

Sandbox (SAND)

Sandbox is a metaverse platform that allows everyone in the world to build, own and marketing their games using the sand coin in Ethereum Blockchain. Users can create, install and sell their own games and experiences and virtual products.

Voxels

In the past, the cryptovoxels were inspired by this metaverse Minecraft and consisted of customizable land blocks in Ethereum. VOXELS uses its own currency and features can be traded on OpenSEA. VR can be accessed through headphones, as well as through your web browser. You don’t have to have a digital wallet to access Metaverse.

Horizon worlds

Horizon Worlds, owned and published by Meta Platforms, is a free virtual reality that can be played with Meta’s Oculus Rift S or Meta Quest 2 VR headset. All players start in a center and take the portals to different worlds. Meta has made a lot of return for the environment, which is accepted as “indispensable ıyla with the claims of various errors and user experience problems and lack of legs.

Roblox

Roblox, one of the most popular virtual worlds for children, is an application that allows users to play games, create games and chat with others online. Both children and adults can download the Roblox application to play the broad game catalog. Accordingly Active playerDuring writing, Roblox has more than 30 million players per day.

Although there are some different steps on various metavers platforms, they are quite similar.
This guide will discover Molteland and Sandbox, two of the main metavers applications.

1) Create a crypto wallet with a reliable digital wallet change

Crypto wallets such as Metamask and Coinbase are compatible with both the central and sand pool, so you can buy them in the market and buy and sell land with crypto currency.

2) Go to the Metaversa application website

Once you’ve set your wallet, you need to go to the Menentral and Sandbox website and start exploring. Since you will use your crypto wallet to log in, it is important to make sure you are on the authentic metavers on the official website, and there are many fraud websites that will be pleased to receive your crypto wallet entry information (and to steal all your crypto currencies).

3) Create an account in Metaverse

Once you have entered the authentic Metaverse platform website, you will be referred to a login page that you can create an account, log in or play as a guest (if you want to try it before you buy). If you are creating an account, you will be asked to connect with a web3 -supported wallet provider. MetamkCoinFortmatic And Calletconnect. After connecting your wallet, a digital signature is requested to confirm connecting your wallet to the platform.

4) Create your avatar

Fun part now. After connecting your wallet and setting your account, you can design how you want to look. Everything from the size of your Avatar to the toes of your head to toes, you can customize the kind of clothing and style you watch in the virtual world.

There are various metaverse coins, some leading coins SAND (Sandbox), Meaning (Center) and Injunction (Injin mine money).
These coins are actually a virtual currency that moves as the basis of the processes and interactions on the metaverse. These coins can be used on the relevant metaverse platforms to engage in activities such as money, land, assets and shopping in the market. Almost different metaversa you can think of currencies for different countries such as AUD and USD.

From all large crypto exchanges like metavers CoinBuildingCrake And Crypto.com.

The reports show that young players are suddenly willing on a metaversa mansion. Source: Voxeller.

Depending on your risk tolerance and financial position, there are many different ways to invest in Metaverse. Before making any decisions, you should definitely do your own research.

1) Buy metaversa from crypto currency exchanges

Most of the large metaverse coins can be purchased from reliable crypto exchanges such as Coinbase, Crypto.com, Binance & Kraken.

2) Buy traditional shares on the stock exchange exposed to metaversa

You can buy traditional stocks in companies that develop and build Metavers. Meta Platforms or Microsoft. If you adopt a more diversified approach to your investment and be exposed to a series of Metavers, Betashares Metaverse Etf (ASX: MTAV) Bloomberg Metaverse Select IndexIt currently includes the stocks of various companies related to Metaverse around the world – – Nvidia Corporation (NASDAQ: NVDA), Roblox Corp (NYSE: RBLX) and even Apple Inc (Nasdaq: Aapl). Indices such as Seng Metaverse hanging the index He monitors the performance of China and Hong Kong companies in Metaverse.

3) Buy land in Metaverse

Another way to invest in Metaverse is to invest in one of the various worlds on platforms such as Opensea. It should be noted that the land of Metaversa may be incredibly variable – at the summit, the average land price in the center reached $ 37,000 in February 2022, but it fell to $ 5,000 on average Until August.

NFT Marketplace, Opensea’da Metaversa buying land. Source: screenshot OpenSEA.

1) Buy sand or mana

Depending on which platform you buy land, you can fill your wallet with the above -mentioned crypto providers.

2) Buy ETH

You will need some ETH (Ethereum) When buying land, make sure that your wallet is filled with ETH to pay for gas fees (transaction fees) in your wallet.

3) Transfer the sand or mana to your account

Click the ‘ME’ section in the left sidebar and select your wallet under the ‘My Wallet’ section. Copy and paste this address and enter your external wallet or change to transfer it to your account.

4) Buy land on the map

If you are in Sandbox, go to the map and select from existing gray or yellow (premium) lands. When you select a land to buy on the map, you can see its location, size, blocks and price. You must approve and accept the provisions and conditions before the transaction is completed. Similarly, go to the Land tab where you will find the menentral and all terrain parcels that can be purchased.

Since Metavers is still a very new region, it is unclear how many people live in Metaverse. Of course, from time to time, famous celebrities such as Soweetie and Snoop Dogg organize concerts in Metaverse, but this was a permanent metavers ‘citizen’ flow.

As discussed, we are still far from creating a consistent standard for the development of the Metaverse platform, and there is currently a lack of open governance standards. Some fans expressed their concerns about the collection of personal information through interactions from wearable VR and AR devices and biometric data. Others expressed their concerns about user addiction in young people and virtual attack Metaverse in their world.

But according to KPMGWithin five years, hundreds of millions of virtual reality tools and platform are expected to be adopted globally by consumers and businesses, and these technologies will be a normal part of our daily lives until the end of a decade.

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