The very first computer was created in the 1982 by Charles Babbages. The Internet was invented in the year 1983.
Today when you are probably reading this article from either from your mobile device or maybe a laptop or tablet, you are probably indifferent to what technology has to offer and how convenient it is for us.
But could you imagine how far we have come when it comes to the advancement of technology?
Today we have technologies that we barely understand but we know are going to rule the future. This article is about one such advanced technology that everyone is curious about; Metaverse. Let’s dive in.
“It is time for us to adopt a new company brand to encompass everything that we do. To reflect who we are and what we hope to build I am proud to announce that starting today our company is now Meta,”
-Mark Zuckerburg, CEO of Meta
It has been almost a year since Meta was introduced by Mark Zuckerburg which brings in all the Apps and technologies owned by Facebook under one company brand.
As part of Meta, people will be able to connect, find communities, and grow their businesses by bringing the metaverse to life. His goal is to make Meta a Metaverse company rather than a mobile internet company.
Since then, Metaverse is gaining a lot of popularity. Everyone is either curious to know more or is either making investment plans for a secure future. But one thing is for sure, Metaverse has gained our attention.
What is Metaverse?
“The Metaverse is not magic, it is a new world created by aliens from planet Earth to give an infinite experience of the existing world.”
-Anuj Jasani
The term Metaverse might be new to us but not it’s meaning. Metaverse simply means cyberspace. It doesn’t refer to the introduction of any new technology but rather a new way of interacting with the technology.
We are familiar with the terms virtual reality (VR) and augmented reality (AR), but Metaverse brings them together and into one common place.
AR & VR
Are familiar with virtual games like Fortnite and PubG? Have you had a chance to watch Ryan Reynold’s movie ‘Free Guy’?
Well, it gives a glimpse of what the future of virtual reality in the world of Metaverse would be.
When you play a match on Fortnite you either get killed or win the match, either way, your virtual journey ends with it.
But wait, what if it doesn’t? Imagine a virtual living and breathing world that never sleeps or ends when you press the exit button. It continues to go on like it is in the real world with or without you.
Everyone you meet there in the game exists in some corner of the real world. It continues to grow develop and thrive. That’s exactly what we should be expecting from Metaverse in the future.
Now isn’t that interesting?
Web3.0 and Metaverse
Web3.0 is the third step development of Web2.0 which we are currently at. It is all about controlling tomorrow’s internet.
The idea behind it is to fix the flaws in today’s internet era. Here the user will have decentralized ownership and control over the internet rather than being controlled by Government and corporations.
It means that data can be stored in a way that only the owner has control over it, regardless of whether it is on a server owned by a corporation or controlled by a local government.
Without the keys to the encryption that proves they own the data; the owner or government cannot access or change it.
Even if their server is shut down or removed, the data can still be accessed on hundreds of other computers.
NFTs
NFTs or non-fungible tokens are cryptographic assets on a blockchain with unique identification codes and metadata that separate them from one another. NFTs can represent real-world items like artwork and real estate.
“Tokenizing” these real-world tangible assets makes buying, selling, and trading them easier while reducing the probability of fraudulent activities.
How NFT and Metaverse are related?
As we now know the virtual marketplace is thriving (thanks to Metaverse), and we can safely assume that these VR markets would one day become a safe trading space for NFTs.
For example, Nike has already made some moves to step into the Metaverse world. In its virtual world, Nikeland has acquired its studio (RTFKT) known for creating NFTs of products.
Sandbox
Sandbox is the latest project of Metaverse and the third-largest metaverse based on the Ethereum blockchain. It allows users to create, share, and monetize their assets (like real estate) and gaming experiences.
The virtual world allows people to own assets, play, build, and own their properties and in-game assets. They can sell these assets and earn real-world money as well.
From the landline telephone to creating virtual worlds, we have come a long way. Technology has amazed us over the years and it continues to do so. Who had even in the wildest dreams thought we would have everything we need at the tip of our fingers?
The Metaverse is a 3D world, a world of your imagination or more accurately put, a world better than your imagination.
Imagine a world where you could visit virtual art galleries, meet new people and have a cup of Joe with them, join your favorite rock band concert, and all of these from the comfort of your home.
Metaverse is the new era of the digital world, a new revolution and it is although still under development and many brands are exploring its potential, it is a box full of surprises that are eagerly waiting for us to open.
