What is Metaverse?
Metaverse provides an online space for users that they can interact with each other on a different level than it is common right now. It puts virtual reality (VR), online gaming, social media and cryptocurrencies together to let users interact virtually. In Metaverse, we will experience a multidimensional space instead of just having a digital content, users can have an experience of a world where digital and physical worlds converge.
On August 6th, 1991, the internet was posted by Tim Berners-Lee for the first public invitation. The following year, 1992, the word “Metaverse” was created by the science fiction author Neal Stephenson in his novel Snow Crash. In 1993, proof of work became priority to prevent email spam and become one of the essential techniques to verify the transactions on blockchain. In 2003, second life which is an online virtual world was developed by Philip Rosedale and his team at Linden Lab in 2003. On the 3rd of January, 2009 the bitcoin network appeared by his secret funder who is known as Satoshi Nakamoto. In 2011, the novel “Ready Player One” written by Ernest Cline, introduced many people to the concept of virtual reality world and Steven Spielberg made this concept even brighter by his movie according to this book. Vitalik Buterin and Gavin Wood created the Ethereum Network in July of 2015. The earliest version of Decentraland also released in 2015. The game” Pokémon GO” was the first game to combine virtual environment and the real world which was created in 2016. In 2020, a game called “Alien worlds” was created in which users with NFT characters could interact in a decentralized free organization to get tokens. By 2021, Alien Worlds had over 2.5 million users and motivated many people to get familiar with some principals of cryptocurrency and mining of crypto.
History of Metaverse
On August 6th, 1991, the internet was posted by Tim Berners-Lee for the first public invitation. The following year, 1992, the word “Metaverse” was created by the science fiction author Neal Stephenson in his novel Snow Crash. In 1993, proof of work became priority to prevent email spam and become one of the essential techniques to verify the transactions on blockchain. In 2003, second life which is an online virtual world was developed by Philip Rosedale and his team at Linden Lab in 2003. On the 3rd of January, 2009 the bitcoin network appeared by his secret funder who is known as Satoshi Nakamoto. In 2011, the novel “Ready Player One” written by Ernest Cline, introduced many people to the concept of virtual reality world and Steven Spielberg made this concept even brighter by his movie according to this book. Vitalik Buterin and Gavin Wood created the Ethereum Network in July of 2015. The earliest version of Decentraland also released in 2015. The game” Pokémon GO” was the first game to combine virtual environment and the real world which was created in 2016. In 2020, a game called “Alien worlds” was created in which users with NFT characters could interact in a decentralized free organization to get tokens. By 2021, Alien Worlds had over 2.5 million users and motivated many people to get familiar with some principals of cryptocurrency and mining of crypto.
Applications of Metaverse
In 2022, most of the Metaverse applications are still around gaming but tech authorities are thinking of more applications such as:
1. People having social experience. Communications between lovers and colleagues began to be online, over a host of platforms.
2. Companies’ activities in Metaverse. More and more companies in different industries are using the concepts of Metaverse to have a hybrid environment for specialists and employees.
3. Metaverse creates more and better opportunities for online learning.
4. Media and entertainment in Metaverse which provides possibility of fully participating in events like concerts from a distance.
5. Metaverse economy. This virtual reality could be a new marketplace in which companies could interact with their clients. It could be a virtual place where people can buy and sell houses, cars, cloths or anything they want just like the real world.
The Metaverse application doesn’t have any border and it could come as a great shock in the world of technologies in the upcoming years.
The vision of Metaverse
The new ideas in Metaverse will be reshaped by the new experiences. Bill Gates’ prediction for Metaverse is within three years, large number of workers will rely on using VR headsets and avatars at work. There is a big race between Meta (Facebook), Apple, Microsoft, Snap and others to create AR glasses. Whoever wins does not mean they are winners at the Metaverse as well, but they will have a massive advantage in this competition.
The ways of making money in Metaverse
As cryptocurrency is changing the way people make money around the world, the Metaverse may revolutionize the way of earning money in different areas such as shopping, hanging out with friends and bring about many changes that cannot be imagined right now. There are some ways which anyone could make money from Metaverse at the moment including trading Metaverse tokens, buying real estates in Metaverse, playing games, participating in a concert, becoming real estate dealer, renting lands on Metaverse, having an art gallery, Metaverse Architecture and Designer. These are some of the ways which are available for people to make money from Metaverse.
The effects of Metaverse in real lives
Metaverse could be the next big innovation in 21st century for users and brands, but there is a wondering if virtual environment could replace the real-life experiences totally.
It is still on the first stages of development and there isn’t a lot of research about its physical and mental damages. However, depression and addiction are some mental issues which could pose a big problem for its users. The effects that Metaverse could have in our real lives depend on the companies that create this technology.
