Recently, NFT has exploded in the blockchain ecology. Facebook decided to switch and renamed the company “Meta”. All of this has brought the concept of metaverse into the mainstream public’s field of vision. What is the metaverse? What is the metaverse meaning?
Detailed explanation of the metaverse
In conclusion, the metaverse is a digital universe parallel to the real world. This concept is still in its early stages. There are still many controversies in the metaverse.
In the metaverse will strengthen the ability. This is very similar to the world created by robots in The Matrix. Players in the metaverse can use virtual reality headsets to interact “realistically” in the virtual world. In this metaverse, players can live a pseudo-anonymous life. Similarly, users’ digital assets will be as scarce and valuable as traditional assets in the real world. In fact, the metaverse already exists in the world. The interaction and experience generated in social media and games have created the metaverse.
However, although there are different opinions on the definition of the metaverse, the core logic behind the metaverse is still very clear. Telepresence is the key element to realize the metaverse. Whether through immersive AR and VR technology or the development of MMORPG, we have created virtual spaces where people can feel their own existence. It is even visible and tangible, and this is the meta universe.
Enter the metaverse
The metaverse truly exists around us. Early MMORPG experimental innovations such as Second Life and World of Warcraft brought us a gamified social platform. Players can get an immersive gaming experience. Weapons, clothing and even houses in the game are valuable in the real world.
On social media platforms such as Facebook, Instagram, and Twitter, users can create anonymous online avatars. No matter where they are, people can interact, share news, discuss information and chat with friends in a virtual space.
People are no strangers to completely immersive virtual spaces. However, now that technology has been innovative, it has the potential to bring higher value, presence and performance to this virtual world.
The development of the metaverse depends on whether it can replicate the real experience of people in the real world. Therefore, VR headsets and motion tracking devices can play a key role here. At the same time, the effects of these devices are becoming more and more realistic, which can create a 100% sense of immersion. For example, some early innovations include SuperHot. This is a Matrix-style game where the time in the game keeps pace with the player’s speed.
Both AR and VR are promising technologies that will play an important role in the future development of Metaverse. However, the interactive and immersive experience is only one element of the realization of the metaverse. In the end, users will shape the form of the metaverse, provide more rich content to this virtual space through verifiable virtual items, and gain a greater sense of presence in this virtual space.
Metaverse meaning and problems
At present, there are some problems in the metaverse, so it is impossible to fully realize the immersive experience. Players cannot participate in the development and construction of the metaverse. Only the development team of it can do this. For example, players cannot sell their swords in World of Warcraft, and then use the money they earn to buy a house in Second Life. These behaviors are all restricted by centralized platforms. Twitter and Instagram are isolated from each other. Although there are some channels to connect the two platforms, there is no formal information or value transfer mechanism. This phenomenon of isolation of platforms is more like a “meta-room” rather than a true metaverse.
The ideal situation is that the future metaverse will connect all independent ecology and combine them to form a complete virtual environment. The key to this is to achieve interoperability between each ecosystem, and ultimately achieve greater synergy.
Create metaverse economy belonging to users
Since the shared network is not controlled by any single entity, blockchain has more advantages than traditional networks in terms of composability and transparency. On the blockchain, game projects, DeFi protocols, and NFT art collections are all connected by the underlying infrastructure. True ownership and interoperability are essential elements of the metaverse.
True digital asset ownership
Nowadays, global giants are adopting rent-seeking business models to transfer digital assets. Users do not own the music they listen to or the movies and TV they watch. Users don’t even have accounts that represent their virtual identities. These assets are leased to users in some way. For example, charging subscription fees or other hidden costs, which are usually advertising or data mining.
But blockchain, cryptocurrency and NFT can verify the ownership of digital assets. Users can trade their digital assets at will. This is the biggest catalyst for the creation of a metaverse that truly belongs to users. The project development team cannot control the digital assets. Even if the project fails, digital assets can be saved. This is similar to the closure of a shoe company, but you can still own the shoes they produced before.
On the blockchain, users can finally truly own digital assets. Just like the user owns a DVD, clothes or other physical goods. In the blockchain network, there is a significant difference between the ownership of transferable digital assets and the ownership of leased digital assets. Because the pass or NFT send to the user’s digital wallet, the user can then completely trust and verify the possession of these assets.
Interoperability
Another notable feature of blockchain networks such as Ethereum is their strong interoperability. All projects on the blockchain can interact, so a connected ecology can be formed and the user experience can be unified.
Users can borrow from the DeFi protocol on the same blockchain platform, make money in the game, and buy NFTs. Users access an interconnected ecosystem, in which they can use NFT as collateral to borrow money, or use the proceeds from the game to buy NFT. Since everything is carried out in the blockchain network, it can ensure that the user’s experience on the chain is consistent and harmonious. And this is the key to the realization of the metaverse.
Metaverse meaning: The virtual era is approaching
Although the metaverse is still in the early stages of development. But in the past few years, it has indeed changed from an illusory science fiction concept to reality. In the next stage, there will be a series of immersive metaverse applications, and its core technology is also in steady development.
Maybe the metaverse will develop into a form completely beyond our imagination. No one can accurately predict how it will develop in the future. Developers, creators, users and visionaries can use their talents and creativity to create a decentralized and immersive digital universe that truly belongs to users and is connected.