Well, it has been weeks since Zuckerberg's announcement that they are rebranding their company and changing its name from Facebook to Meta. Do you think that is a coincidence?
Well, if you do, you are probably wrong.
Metaverse is a virtual universe that exists inside a platform or a game and it is totally separated from the real world. You can think of, yes, we are already living in that world. We have games like World of Warcraft, Fortnite, Roblox, etc. This is where you can experience the meaning of the word Metaverse, to be precise, where you can virtually live in that world. That means that you can do tasks to earn, you can spend free time exploring and the most fun part is that you can socialize, meet new friends who are real people in the same virtual universe as you.
But wait, what does this have to do with blockchains? What happens when that world is combined with them? What does that mean?
That means that you can do everything the same as previously mentioned games, you can go to work, you could do your exercises, you can shop, finish your business. But how does this differ from already mentioned and developed games?
Well, in this kind of universe, that is powered by blockchain technology, you can obtain land, a piece of property, and it will be only yours. Of course, until you decide to sell or give it away. Another thing valuable that took a great part in this universe is the NFTs. The NFTs (Non-Fungible Tokens) can represent anything you want in the Metaverse. Depending on the universe you are spending your time in, NFTs can represent avatars, assets, even they can be exchanged only as works of art. Sounds cool, doesn't it?
Powered by blockchains, the Metaverse is here to stay. It does bring a valuable thing in people's lives which is proof of ownership along. All these things put together, under a serious developing team, can bring some exciting time!
Furthermore about the Metaverse in our next blog! Stay tuned!