The introduction of the Metaverse has shifted the whole crypto market trend in a completely different direction in the year 2022. The idea that Facebook was just renamed as Meta speaks a great deal of how much significance Mark Zuckerberg envisions in the future of the Metaverse, which was announced not long ago.
On the 28th of October 2021, Mark Zuckerberg shared a photo of himself with the logo of the relaunched Facebook, which was named “Meta.” “As time goes on, I hope our firm will be seen as a ‘Metaverse’ company,” Mark Zuckerberg expressed his wish. As part of its transition to being a shared virtual platform, Facebook is rebranding to better represent its goal for the future of the company.
Let us learn more about this new exciting revolution.
What is Metaverse?
The Metaverse is a virtual world concept, specifically a shared virtual interface that enables people to engage with activities that are similar to the actual world, such as everyday communication, viewing movies and playing video games.
The idea of Metaverse came from Neal Stephenson’s science fiction book Snow Crash (1992). While a Metaverse was originally a science fiction concept, it now seems to be a reality. Users can control characters or avatars using augmented reality
This works by integrating Virtual Reality (VR) and Augmented Reality (AR) technologies. At the moment, this has sparked interest from a variety of businesses, including social media corporations such as Facebook and even initiatives from the realm of cryptocurrency. For example, you could have a mixed reality conference in your virtual workplace using an Oculus VR headset, then wrap up your job and relax by playing a blockchain-based game, and afterward manage your cryptocurrency portfolio and finances, all from inside the Metaverse.
Why is it so popular?
The internet is now widespread and becoming better every day owing to the inventive Metaverse. The Metaverse enables users to connect more easily and realistically. During the COVID-19 pandemic, transportation is prohibited, thus some activities, such as attending physical work meetings, were needed to be replaced.
Metaverse can assist in relocating the work meetings online due to worries about the epidemic and the limits that came with it, increasing the number of programs that permitted virtual meetings. This inspires people to use the virtual world. It provides people with access to virtual land and beneficial purposes linked to works, gaming, and a variety of other activities.
Top 10 Metaverse platforms:
The Metaverse is a method to access a better version of the internet. We anticipate the internet to become a Metaverse platform, a place where virtual and real-world meet. Here are the top 10 platforms available today.
It is a blockchain-based game and virtual environment where you can purchase, sell and exchange virtual pieces of land. It is developed on the foundation of the Ethereum blockchain, which serves as the basis for the system. It is well-known for providing stability and security. When it comes to using costs, however, it is not particularly inexpensive. SandBox has created its Ethereum-based coin, designated as SAND. SAND tokens enable you to use your cryptocurrency to pay for gas expenses on the Ethereum network.
Decentraland is a blockchain-based virtual social realm. The blockchain is a digital ledger that permanently records bitcoin transactions all over a distributed network. The Decentraland platform allows users to conduct conferences, play games and exchange virtual goods. Socialization with other users is simple. Decentraland is a digital environment where users may attend events, play video games, exchange products and services in markets, and socialize with individuals from all over the world.
- Epic Games:
Epic Games is an American video game and software developer. Epic Games’ notable products include Unreal Engine and Fortnite. The firm is leading the Metaverse. Its purpose is to build a Metaverse platform that will enable consumers to interact with brands and brands with users. The Metaverse platform is your one-stop-shop for digital human connections. Epic Games is developing a concept that allows gamers to connect electronically while being physically there. It won’t be all digital. In Epic Space, people may talk to one other instead of only using emoticons.
The moment at which reality ceases to exist and imagination kicks in. The HyperVerse is a Metaverse virtual world platform. Every world is a planet, and HyperVerse is a collection of all planets controlled by no one. It is a universe with millions of variants. Every person that lives within HyperVerse is known as a Voyager. Voyagers can create tokens, interact with one another and travel the world as a group. Because of VerseDAO, the HyperVerse also offers a once-in-a-lifetime chance as a feature to every Voyager.
The NAKAverse is the new label for the Metaverse in the game. The NAKAverse was just revealed by the people behind the NAKA cryptocurrency. It would be one of the 1st Metaverses to introduce a true in-game economy. Users will be able to buy virtual land, construct a building, and engage in a variety of other activities on the platform. The $NAKA token would serve as the NAKAverse’s native currency until further notice. It is presently available for purchase for about $0.37.
Metahero is an initiative that seeks to digitalize real items. Non-Fungible Tokens (NFTs) are non-destructible virtual items. Metahero, unlike Decentraland, is based on 3D scanning technology which converts real-world objects into virtual analogs. As a consequence, these virtual objects may be used for education, training, and pleasure. Virtual reconstruction is a 3-dimensional scanning process that turns real objects, including people, into avatars in high-definition.
- Star Atlas:
Star Atlas is a Metaverse for next-generation video games. It is the result of the merging of blockchain technology, real-time graphics, multiplayer games and decentralized financial systems, among other things. The blockchain platform Solana serves as the basis for the Star Atlas project. If you use POLIS, in a monetary system that was developed on the Solana blockchain technology, you can purchase assets such as ships and crew members as well as real-world assets such as land and equipment.
Bloktopia is a 21-story simulated skyscraper in the Metaverse. The Bloktopia squad, on the other hand, wants to honor Bitcoin, which has a limited quantity of 21 million units. In this virtual reality skyscraper, Blocktopia users can create avatars, attend social events, learn about bitcoin and buy Metaverse “real estate” from the comfort of their home. They might use this to create artworks, games, barriers, sequences, as well as other things using a construction tool.
Roblox is a game firm that was founded in 2004. Roblox, is an American game network and game development company, with the major purpose of creating Metaverses. Games like Meepcity and Bloxburg on Roblox enable players to design digital avatars, add outfits, construct virtual houses, talk with friends, get jobs, and go on adventures.
Roblox’s main purpose is to create a social network. Roblox aspires towards realism in 3D virtual experiences. Roblox just added a new function called “spatial voice chat”. People can talk vocally in real-time. This is Roblox’s first excursion into the enormous Metaverse, where voice dialogues will resemble real-life interactions.
Nike is a US-based multinational business and footwear and clothing brand. It is famous for its shoes. The world’s largest shoe company collaborates with Roblox to test Metaverse technologies.
Nikeland, its Roblox virtual world, lets users play free games. In Nikeland, gamers can test new sports footwear and run marathons. The Nikeland universe has been built for guests to explore at their pleasure. The Nike digital world will also contain “blue bands” given to contest winners. Nike is using virtual reality to try to reproduce the real-world experience. Players may also wear digital Nike digs instead of real Nike digs. In addition, it has introduced special virtual merchandise to improve the virtual “Nikeland” encounter.
The Metaverse is the latest tech trend right now. Facebook’s rebranding and the dramatic rise in the price of Metaverse tokens prove the Metaverse’s viability. On top of that, Metaverse blockchain projects are a great way to combine blockchain with Metaverse. Metaverse is still being developed. However, the variety of Metaverse initiatives is growing rapidly. Connectivity, security, ownership, and decentralization are all possible with blockchain.