The fever has really broken out in the past year MetaverseEveryone talks about it, everyone wants it. Facebookin particular, is pushing its Metaverse project, the “IT platform of the future” for the creation of which it intends to employ 10,000 employees in Europe.
But Mark Zuckerberg’s company, which in the meantime changed its name to Meta Platforms Inc. (abbreviated Half) as part of the design, it’s not the only tech company exploring the potential of the metaverse. also epic games with fortnite, Microsoft With HoloLens, chip maker Nvidia, the online gaming platform Roblox They define their vision for the metaverse, and many other world-renowned brands are willing to make money in the metaverse.
In short, it’s a good time to ask yourself: What is Metaverse, exactly? How to get there and How it works? Let’s try to explain it in a simple way below.
What is Metaverse
a’Virtual expansion of the real worldwhere we live and interact through a Gods And through technological devices and wearable devices, such as smart glasses, helmets and viewers From virtual reality gloves and tactile suits. A digital world where virtual reality is closely linked to the web and where people can live lives parallel to that of the real world. That’s what Metaverse is.
The term metaverse is “Macedonian word” formed by Halfwhich comes from the Greek and means “behind”And the Universe. The term was coined by a cyberpunk science fiction writer Neil Stephenson In his 1992 novel Snow crashwhere is the The metaverse is described as a virtual world that people connect to through technological devices Augmented reality and they can create whatever they want in 3D: shops, offices, places where everyone can meet and interact.
The Facebook metaverse is a kind of “internet brought to life,” or at least it’s rendered in 3D. Zuckerberg described it as a A virtual environment that you can step into rather than just view on screen.
But let’s not make the mistake of thinking virtual reality and virtual reality are the same thing. To understand, a metaverse is a virtual reality that is viewed on the web and shared by many people at the same time. In the metaverse, one can assume one’s identity or a new digital identity, communicate with other people and things, and participate in social activities. Live a parallel second life, like in a massive video game.
Today how Today the metaverse is represented by platforms which people can access simply with a computer and an internet connection. To use most of these platforms, interact and perform actions, however, you must have a crypto wallet (crypto wallet) and cryptocurrency.
To experience the full meta-picture, a computer or a smartphone is not enough: processing power may be too limited to handle entire universes with millions of users populating them. This is why accessing the Facebook metaverse, for example, requires special tools such as helmets or Augmented reality glasses.
What can be done in Metaverse
Metaverses can create their own tokens (virtual currencies or NFTs), manage their own and own economy. The metaverse could expand the capabilities of technology in shrinking the boundaries of time and space. Suppose, for example, that we see an advertisement for a house for sale and we want to visit it, but it is in another city or even in a country and we cannot reach it soon. Well, our avatar can meet our realtor avatar in the metaverse and see the perfect virtual representation of the apartment, without ever having to leave our desk or couch.
It is possible that in the future the possibilities of the metaverse will be unlimited, but what can be done today? platforms like sand And the decentralization They provide perhaps the best example of how the metaverse and economy based on cryptocurrencies, NFTs, and blockchain can work.
We also think of games like Minecraft, Roblox And the A second lifewhich is the closest representation of the metaverse concept today thanks to its creator-driven economy and expansive sandbox world.
People can live in the game, buy items and virtual land, build houses, earn coins and participate in events. Decentraland even hosts music festivals and concerts.
How to invest in Metaverse
There are several ways to invest directly in the metaverse. Those who invest in the stock market can invest in listed companies that have business models or projects related to Metaverse, such as Meta, Microsoft, Roblox, Unity, and Nvidia to name a few. Or you can play a NFT based games (eg Axie Infinity), or even buying and selling virtual real estate in Decentraland and the Sandbox.
Another strategy is to buy cryptocurrencies associated with the metaverse (also called metaverse tokens or metaverse cryptocurrency), hoping that the project they are associated with will take hold, making them more used and more in demand, increasing their value for the same supply. These virtual currencies are actually used to conduct digital transactions within the metaverse and in the NFT world. Owning it allows, for example, to:
- Buy, sell and create in the metaverse
- Participate in play games to earn
- Buy virtual land for rent or sale, or buy clothes for your avatar in the form of NFTs (non-fungible tokens, i.e. digital objects with a code that makes them unique and non-repeatable)
But how and where can you buy cryptocurrencies used in the metaverse? A simple and secure platform is Bitpanda, one of the leading new brokers in Europe. On Bitpanda, users can invest in over 1,000 assets choosing from Bitcoin and other cryptocurrencies, cryptocurrency indices, fractional stocks (including those related to the metaverse we mentioned above), ETFs, and precious metals.
Recently, the investment platform has added new digital currencies to its offering to invest in the world of NFTs and the metaverse. This is the flow (flow), Ghala (Expensive) and MyNeighbourAlice (Alice).
ALICE Token allows you to enter the metaverse of My Neighbor Alice, a blockchain-based online gaming platform where you can build and own islands and archipelagos, collect objects and meet other people. The in-game currency, specifically the ALICE token, is used to buy lands, items, clothes and even cosmetics for the avatar, but it is also used to earn rewards for betting and participating in the referee.
FLOW is the original token of the Flow blockchain, the network created by the CryptoKitties team that is today a popular decentralized network integrated into many games and applications. Companies that have worked with Flow include brands such as Samsung, Ubisoft, Dr. Seuss, Warner Bros Music Group, NFL and UFC.
GALA is the utility token of Gala Games, a blockchain-based digital ecosystem that allows users to earn tokens for completing game tasks and achievements. Players can also create and trade NFTs. Gala Games has more than 1.3 million monthly active users with more than 26,000 NFTs sold since its inception in 2019, according to CoinMarketCap.
If you want to start earning with Decentraland, know that it is also possible to buy on Bitpanda mana.
How do you do? It’s very simple. All you have to do is register on the platform from the website or application and start investing. Here are the steps:
- Go to the website or app and click Register
- Enter your name, email address, and choose a secure password
- Select your country of residence and accept the Terms and Conditions and Privacy Policy if you agree
- Click on Create an account (website) or Register (application)
- Verify your email address by clicking on the link in the email you receive and access the newly created account.
To start investing, you just need to go to the deposit function and deposit money into your account via SEPA transfer or credit card, but first the system will require account verification which requires an identity document and consists of a video identification procedure.
Movies to understand what the metaverse is
The metaverse was just a concept stripped out of a sci-fi novel or Hollywood movie until the gaming and technology industries gave it a lifeblood. In any case, as often happens, it is the cinema that comes to meet us in order to better understand the metaverse.
Perhaps the most famous example of this matrix, in which humanity is unknowingly trapped inside a simulated reality, the Matrix, created by intelligent machines to distract humans while using their bodies as an energy source. But let’s think too Minority Report And the Gods.
The best example of a metaverse in modern cinematography is Single player ready, a 2018 Steven Spielberg film based on the novel Player One by Ernest Cline. Here the metaverse is called OASIS and it’s a An immersive and parallel virtual world Where most of humanity spends its time. This world represents the only salvation for man as the real world is collapsing due to overpopulation, poverty and pollution.
Also in Wreck-It Ralph 1 and 2 We are facing a kind of metaverse: the journey of protagonist Ralph into the inner world of first video games and then the entire Internet, showing the possible interconnectedness of the real and virtual worlds.
When will we live in Metaverse?
In view of the technological advances and significant investments at stake, it is estimated that within i the next 5-6 years A large part of the population will spend most of their lives in Metaverse. Whether it’s from Facebook, Fortnite, PlayStation, or from… Roblox you hate The Google We do not know, but what is certain is that the competition will be amazing and that the transformation will be much greater than that brought about by the Internet and smartphones.
What analysts imagine is a world that will be home to cryptocurrency NFTsdigital assets … in which the social and economic balance and many other aspects of our lives can be disturbed.
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