Saturday, October 1

Cointelegraph Consulting: going down the metaverse


As NFT sales appear to pick up after a nearly two-month dry streak since its peak in May, one NFT app in particular is gaining popularity more than ever: Metaverses. Metaverses have gained a good chunk of media attention lately, with big moves coming from companies like Facebook and Epic Games. However, not everyone, even those who have been in crypto for a long time, has realized what metaverses are despite the hype. But as more companies, celebrities, and artists venture into the space, it has become another domain that deserves extensive consideration.

The metaverse is a network of virtual environments in which people can interact with each other, with digital objects, and the physical world through their avatar. While the definitions of the metaverse vary, they orbit around technologies including VR, AR, digital twins, and blockchain. Herman Narula, CEO of Improbable, describes the metaverse as “something more than a game but less than the real world. The metaverse is for virtual worlds like a website is for the Internet. “

Metaverse train

For weeks, Mark Zuckerberg has been beating the drum for metaverses. The founder of Facebook sees virtual worlds as the next iteration of human interaction online. Zuckerberg sees Facebook’s transition from a social media company with a connected set of applications to a metaverse company with an interconnected set of experiences. And his recent move to present Horizon Workrooms it is a step in that direction. You are also in a prime position to pursue your metaverse goals, having invested heavily in VR technology for several years.