What is the metaverse?
The metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality (AR), virtual reality (VR), and cryptocurrencies to allow users to interact virtually. Augmented reality overlays visual elements, sound, and other sensory input onto real-world settings to enhance the user experience. In contrast, virtual reality is entirely virtual and enhances fictional realities.
As the metaverse grows, it will create online spaces where user interactions are more multidimensional than current technology supports. Instead of just viewing digital content, users in the metaverse will be able to immerse themselves in a space where the digital and physical worlds converge.
The word started appearing in the news when rumors began swirling in mid-October 2021 about a Facebook rebrand—complete with a new name—to embrace the company’s commitment to the metaverse. Unnamed sources told journalist Casey Newton that an announcement could come soon. And it did.
Facebook CEO Mark Zuckerberg announced the new Meta name at Facebook’s Connect 2021 conference on Oct. 28, with its new website branding it as “a social technology company.1 “In the metaverse, you’ll be able to do almost anything you can imagine — get together with friends and family, work, learn, play, shop, create — as well as completely new experiences that don’t really fit how we think about computers or phones today….In this future, you will be able to teleport instantly as a hologram to be at the office without a commute, at a concert with friends, or in your parents’ living room to catch up,” Zuckerberg wrote in a “Founders Letter, 2021” released on Oct. 28.
Metaverse as the next major computing platform
Technologists would answer that the internet will eventually evolve into the metaverse, which will come to represent the next major computing platform. If the concept can be actualized, it is expected to be as transformative to society and industry as the mobile phone.
The internet today is often the main entry point for millions of us to access information and services, communicate and socialize with each other, sell goods, and entertain ourselves. The metaverse is predicted to replicate this value proposition – with the main difference being that distinction between being offline and online will be much harder to delineate.
This could manifest itself in several ways, but many experts believe that “extended reality” (XR) – the combination of augmented, virtual and mixed reality – will play an important role. Central to the concept of the metaverse is the idea that virtual, 3D environments that are accessible and interactive in real time will become the transformative medium for social and business engagement. If they are to become practical, these environments will be dependent on widespread adoption of extended reality.
Characteristics and challenges of the metaverse
If this clarifies the establishments of the metaverse, it shockingly can’t anticipate precisely what it will resemble. To be sure, we’re as yet in the reasonable phase of the metaverse.
Notwithstanding, financial backer Matthew Ball recognizes seven center credits which might assist inquisitive personalities with envisioning how it could come to fruition. These incorporate its constancy (no conspicuous ‘on’ or ‘off’ to get to), synchronicity (existing continuously) and interoperability, also being populated by content and encounters by the two people and organizations.
There are obviously inquiries concerning what the metaverse will mean for security, regardless of whether it will be comprehensive, and how to moderate destructive substance and conditions that could be made. Since the metaverse is in the beginning stages of improvement, there is a chance presently to work in these traits by plan.
The possibility of the metaverse may sound promising, which is the reason a large number of the world’s driving innovation organizations are putting resources into its turn of events. In the event that it can happen as expected, it is possible that it will change purchaser and undertaking conduct.
About Decentraland ($MANA)
Decentraland is a blockchain project that seeks to build up a large virtual world. The world of Decentraland is powered by the Decentraland token (MANA) – an ERC-20 token, issued on the Ethereum platform. In Decentraland, users can build 3d objects, games, and applications. Users can also buy and sell their creations on the decentralized market of the platform. The MANA token is used for exchange purposes within the platform. MANA is also a tool for buying so-called “parcels” – parts of LAND (Decentraland’s 3d space). Decentraland is one of the top-100 largest cryptocurrencies on the market at the time of posting. The project’s market capitalization was over 345 million USD at the time of its peak.
The price of Decentraland (MANA) is 2.72 USD, market capitalization is 4,952,900,074 USD with the circulating supply of 1,816,974,691 MANA. Since yesterday this crypto showed the change in the price of -1.87 %. MANA token is trading on 10 active markets with the 24-hours volume of 450,526,531 USD. It is on the #41 place among all cryptocurrencies.
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